What's Driving Array Technologies' 9% Pre-Market Jump? - Array Technologies (NASDAQ:ARRY)

Core Insights - Array Technologies, Inc. reported a significant increase in revenue and stock performance, indicating strong market momentum and operational growth [1][2][5] Financial Performance - The company achieved revenue of $393.5 million for Q3, representing a 70% increase year-over-year [2] - Adjusted EBITDA reached $72.2 million, marking the second-highest quarterly result for the company [3] - Adjusted net income per diluted share was reported at $0.30 [3] Acquisition Impact - The acquisition of APA Solar contributed $16.9 million to the revenue for the quarter [3] - The company has revised its full-year 2025 revenue projection to a range of $1.25 billion to $1.28 billion, incorporating approximately $50 million from APA Solar [3] Order Backlog - As of September 30, the total executed contracts and awarded orders amounted to $1.9 billion, excluding contributions from APA Solar [4] Stock Performance - Array Technologies' stock price increased by 9.13% in pre-market trading, reaching $9.08, following a 7.63% rise to $8.32 on the previous day [1] - Year-to-date, the stock has risen by 37.8%, with a 52-week trading range of $3.76 to $10.37 [5] - The company's market capitalization stands at $1.27 billion [5]