ATI Technologies

Array Technologies, Inc. Reports Financial Results for the Fourth Quarter and Full Year 2023; Full year 2023 net income of $86 million; Record full year Adjusted EBITDA of $288 million

Retrieved on: 
Tuesday, February 27, 2024

ALBUQUERQUE, N.M., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a leading provider of tracker solutions, software and services for utility-scale solar energy projects, today announced financial results for its fourth quarter and full year ended December 31, 2023.

Key Points: 
  • “We finished 2023 on a strong note with revenue of $1,577 million, which was ahead of our expectations.
  • Our global orderbook has increased to $1.8 billion fueled by $600 million in Q4 2023 bookings.
  • This will enable us to have our third consecutive year of delivering both adjusted EBITDA and adjusted EBITDA margin growth.
  • Array management will host a conference call to discuss their fourth quarter and full year 2023 financial results on February 27, 2024 at 5:00 p.m. Eastern Time.

Array Technologies and Alupco® Announce Strategic Partnership to Fuel Growing Renewable Energy Market in the Middle East

Retrieved on: 
Thursday, February 22, 2024

Headquartered in Albuquerque, New Mexico, Array has been at the forefront of driving clean energy solutions both domestically and globally.

Key Points: 
  • Headquartered in Albuquerque, New Mexico, Array has been at the forefront of driving clean energy solutions both domestically and globally.
  • The new partnership will bring leading solar technology to the fast-growing renewable energy market in the Middle East.
  • “Our alliance with ALUPCO® and expansion into the Middle East underscores our dedication to the global clean energy market.
  • According to Minister of Energy Prince Abdulaziz bin Salman, Saudi Arabia aims to add 20 gigawatts of renewable energy annually to reach 130 gigawatts of renewable energy before 2030.

Array Technologies, Inc. Announces Fourth Quarter and Full Year 2023 Earnings Release Date and Conference Call

Retrieved on: 
Tuesday, February 6, 2024

The conference call can be accessed live over the phone by dialing (877)-869-3847 (domestic) or (201)-689-8261 (international).

Key Points: 
  • The conference call can be accessed live over the phone by dialing (877)-869-3847 (domestic) or (201)-689-8261 (international).
  • A telephonic replay will be available approximately three hours after the call by dialing (877)-660-6853, or for international callers, (201)-612-7415.
  • Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging onto the Investor Relations section of the Company’s website at http://ir.arraytechinc.com.
  • The online replay will be available for a limited time beginning immediately following the call.

IBN Coverage Initiated for Astrotech Corp.

Retrieved on: 
Wednesday, January 17, 2024

Through its Astrotech Technology Inc. (ATi) subsidiary, Astrotech owns and licenses proprietary mass spectrometry solutions for a variety of industries and applications.

Key Points: 
  • Through its Astrotech Technology Inc. (ATi) subsidiary, Astrotech owns and licenses proprietary mass spectrometry solutions for a variety of industries and applications.
  • Other applications for the company’s technology include AgLAB-1000, a process control system, and the BreathTest 1000, a disease detection solution.
  • Astrotech also announced the creation of its newest wholly owned subsidiary, Pro-Control Inc., which has an exclusive ATi field-of-use license for worldwide chemical manufacturing and process control applications.
  • IBN is uniquely positioned to provide Astrotech the solutions needed to reach a wide audience of investors, journalists and the general public.

Dual Axis Solar Tracker Market to Reach US$ 13.76 Billion by 2030, Rising at a CAGR of 11.4% | Report by CoherentMI

Retrieved on: 
Friday, January 19, 2024

Solar photovoltaic-based dual axis solar trackers are widely used due to their compatibility with solar PV modules.

Key Points: 
  • Solar photovoltaic-based dual axis solar trackers are widely used due to their compatibility with solar PV modules.
  • Their efforts towards developing advanced solar tracking solutions are expected to drive the growth of the dual axis solar tracker market.
  • Two key trends observed in the Dual Axis Solar Tracker Market are the increasing adoption of solar energy in emerging economies and the technological advancements in solar tracking systems.
  • Another market opportunity in the dual axis solar tracker market lies in the continuous advancements in solar tracking technologies.

Dual Axis Solar Tracker Market to Reach US$ 13.76 Billion by 2030, Rising at a CAGR of 11.4% | Report by CoherentMI

Retrieved on: 
Friday, January 19, 2024

Solar photovoltaic-based dual axis solar trackers are widely used due to their compatibility with solar PV modules.

Key Points: 
  • Solar photovoltaic-based dual axis solar trackers are widely used due to their compatibility with solar PV modules.
  • Their efforts towards developing advanced solar tracking solutions are expected to drive the growth of the dual axis solar tracker market.
  • Two key trends observed in the Dual Axis Solar Tracker Market are the increasing adoption of solar energy in emerging economies and the technological advancements in solar tracking systems.
  • Another market opportunity in the dual axis solar tracker market lies in the continuous advancements in solar tracking technologies.

Aspinity Welcomes Semiconductor Industry Veteran Richard Hegberg as CEO

Retrieved on: 
Wednesday, January 3, 2024

Aspinity , the leader in always-on processing and computation at near-zero power, announced today that is has appointed semiconductor industry leader Richard Hegberg as Chief Executive Officer.

Key Points: 
  • Aspinity , the leader in always-on processing and computation at near-zero power, announced today that is has appointed semiconductor industry leader Richard Hegberg as Chief Executive Officer.
  • Mr. Hegberg will drive Aspinity’s next phase of growth as its industry-leading AML100 processor enters volume production.
  • Mr. Hegberg joins Aspinity with strong leadership and management experience, and a proven track record of guiding companies through significant transition and growth periods.
  • Most recently, he was the CEO at Vesper Mems, where he helped lead the company to a successful acquisition.

Solar Stocks Back on Watch List as Lower Interest Rates and Global Push for Clean Energy Revive Bullish Sentiment

Retrieved on: 
Tuesday, December 26, 2023

Analysts are seeing bullish signs for the solar sector and a possible turn-around as interest rates lower.

Key Points: 
  • Analysts are seeing bullish signs for the solar sector and a possible turn-around as interest rates lower.
  • Jefferies analyst Dushyant Ailani moved solar stocks to the upside with his recent buy ratings on First Solar, Inc.,Enphase Energy, Inc. and Sunrun Inc.
    Other analysts are in agreement.
  • On December 15, 2023, the shares commenced trading on the BZX Exchange, a division of Cboe Global Markets, under the ticker symbol "SING."
  • Falling interest rates have not only pushed the market higher, they could make renewable energy companies more profitable in 2024."

Array Technologies Appoints Solar Industry Veteran Jessica Lawrence-Vaca as Senior Vice President, Policy and External Affairs

Retrieved on: 
Wednesday, December 6, 2023

ALBUQUERQUE, N.M., Dec. 06, 2023 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, has named Jessica Lawrence-Vaca as senior vice president, policy and external affairs.

Key Points: 
  • ALBUQUERQUE, N.M., Dec. 06, 2023 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, has named Jessica Lawrence-Vaca as senior vice president, policy and external affairs.
  • Lawrence-Vaca is currently serving as an alternate to the board of directors for the Solar Energy Industry Association (SEIA).
  • “I’m thrilled to be joining Array’s dynamic team at such an exciting time for the solar industry.
  • I look forward to bringing my skills and industry knowledge to the solar manufacturing sector, with an aim to drive growth and innovation through forging new partnerships that amplify our impact,” said Jessica Lawrence-Vaca, senior vice president, policy and external affairs at Array.

Array Technologies, Inc. Reports Financial Results for the Third Quarter 2023 – Continues strong operational execution; announced Chief Financial Officer transition

Retrieved on: 
Tuesday, November 7, 2023

ALBUQUERQUE. N.M., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, today announced financial results for its third quarter ended September 30, 2023.

Key Points: 
  • N.M., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, today announced financial results for its third quarter ended September 30, 2023.
  • “Despite the near-term secular challenges which impacted our volume when compared to the prior year, Array again delivered another strong quarter across all of our key metrics.
  • We are seeing a steady increase in our domestic pipeline, which has more than doubled from the second quarter.
  • Today the Company also announced that Kurt Wood has been named Chief Financial Officer effective November 13, 2023.