ALBUQUERQUE, N.M., Jan. 06, 2026 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a leading global provider of solar tracking technology products, software, services and foundation solutions, today announced two strategic leadership promotions that reinforce the company’s commitment to accelerating growth and advancing product development across global markets. “Darin Green and Nick Strevel have demonstrated exceptional leadership and vision, and we are confident they will c ...

Core Insights - ARRAY Technologies is a leading global provider of solar tracking technology and fixed-tilt products, focusing on optimizing energy production for utility-scale and distributed generation customers [3] Group 1: Upcoming Events - ARRAY's senior management team will participate in investor community events in November and December, including a Jefferies Fireside Chat on November 19, 2025, and the UBS Global Technology and AI Conference on December 3-4, 2025 [1][2] - The CEO, Kevin Hostetler, will attend the Jefferies Fireside Chat, while CFO H. Keith Jennings will represent the company at the UBS conference [2] Group 2: Company Overview - ARRAY Technologies specializes in solar tracking technology, fixed-tilt systems, software platforms, foundation solutions, and field services, designed to withstand harsh weather conditions [3] - The company is headquartered in the United States and emphasizes domestic manufacturing, a diversified global supply chain, and a customer-centric approach [3]

Core Insights - ARRAY Technologies, Inc. reported a significant year-to-date revenue increase of 65% and volume growth of 74% as of the third quarter of 2025 [1][2] - The company achieved a revenue of $393.5 million for the third quarter, reflecting a year-over-year growth of 70% [3][7] - The acquisition of APA Solar is expected to enhance ARRAY's product offerings and profitability, contributing approximately $50 million in revenue for the full year 2025 [4][8] Financial Performance - The company recorded an Adjusted EBITDA of $72.2 million for the third quarter, marking its second highest quarter on record [3][7] - The gross margin for the third quarter was reported at 26.9%, with an adjusted gross margin of 28.1% [7][28] - Net income attributable to common shareholders was $18.4 million, translating to earnings of $0.12 per share [7][29] Guidance and Future Outlook - ARRAY updated its full-year 2025 revenue guidance to a range of $1.25 billion to $1.28 billion, including APA's contribution [4][8] - The company anticipates continued growth into 2026, driven by new product launches and strategic initiatives [4][8] - The guidance reflects benefits from the Inflation Reduction Act, particularly in advanced manufacturing production credits [6][8] Market Position and Strategy - ARRAY's strong bookings indicate growing trust and partnerships with key players in the solar industry, including developers and utilities [3][4] - The integration of APA Solar is seen as a pivotal moment for ARRAY, enhancing its competitive advantage and ability to meet evolving market needs [3][4] - The company emphasizes its commitment to operational reliability and performance, which are valued by its customer base [3][4]

Core Points - ARRAY Technologies, Inc. will release its third quarter 2025 results on November 5, 2025, after market close, followed by a conference call at 5:00 p.m. Eastern Time [1] - The conference call can be accessed via phone or webcast, with a telephonic replay available for a limited time after the call [2] - ARRAY Technologies is a leading provider of solar tracking technology and fixed-tilt systems, focusing on utility-scale and distributed generation customers [3] Company Overview - ARRAY Technologies specializes in solar tracking technology and fixed-tilt systems designed for harsh weather conditions, maximizing energy production for solar PV projects [3] - The company is headquartered in the United States and emphasizes domestic manufacturing, a diversified global supply chain, and a customer-centric approach [3] - ARRAY's offerings include high-quality solar trackers, software platforms, foundation solutions, and field services, supporting the entire lifecycle of solar energy projects [3]

Core Insights - Array Technologies, Inc. (NASDAQ:ARRY) is recognized as one of the cheap clean energy stocks to consider for investment [1] - Jefferies has revised its price target for Array Technologies from $13 to $10 while maintaining a 'Buy' rating, citing short-term margin pressure due to the acquisition of APA [2] - The acquisition of APA is expected to contribute to revenue in Q3 and fully in Q4 of 2025 [2] - Fiscal 2025 revenue is projected at $1.25 billion with a gross margin of approximately 28.7%, and the company is expected to generate over $100 million in free cash flow annually in the long term [3] - Analysts remain optimistic about Array Technologies, anticipating significant upside potential if the APA acquisition is executed effectively [3] - Array Technologies specializes in solar tracking technology, providing single-axis and dual-row tracker systems, photovoltaic-powered control systems, and smart software [4] Company Overview - Array Technologies, Inc. is a leading provider of solar tracking technology globally [4] - The company is categorized among the best clean energy stocks available for investment [4]

Company Overview - Array Technologies, Inc. (NASDAQ: ARRY) specializes in manufacturing and selling solar tracking technology across various markets including the United States, Spain, Brazil, and Australia [1] Market Focus - The company primarily serves customers involved in the development of solar energy sites, indicating a strong alignment with the growing renewable energy sector [1] Investment Philosophy - The investment approach emphasizes identifying mispriced securities by analyzing the underlying drivers of a company's financials, often utilizing a Discounted Cash Flow (DCF) model for valuation [1]