ARRAY TECHNOLOGIES, INC.


Associated tags: ATI Technologies, Solar energy, News, Renewable energy, Array

Locations: NEW MEXICO, TEXAS, INDIANA, TX, MICHIGAN, MISSISSIPPI, SAUDI ARABIA, MIDDLE EAST, ALBUQUERQUE, NM, US

Array Hosts U.S. Energy Secretary Granholm, New Mexico Senators to Break Ground on New Solar Manufacturing Facility

Retrieved on: 
Friday, April 26, 2024

"Array's new manufacturing facility will create good-paying jobs in New Mexico, strengthen the domestic solar supply chain, and ultimately help us achieve greater American energy independence," said Kevin G. Hostetler, chief executive officer of Array Technologies.

Key Points: 
  • "Array's new manufacturing facility will create good-paying jobs in New Mexico, strengthen the domestic solar supply chain, and ultimately help us achieve greater American energy independence," said Kevin G. Hostetler, chief executive officer of Array Technologies.
  • With federal action like the Inflation Reduction Act and the support of state and local officials, Array is proud to be at the forefront of the solar energy boom."
  • Founded in Albuquerque over 30 years ago, Array is the original American solar manufacturing success story.
  • I’m glad to have Secretary Granholm back in New Mexico to break ground on Array’s new manufacturing facility which will drive innovation and create new opportunities for folks here at home,” said U.S.

Array Technologies, Inc. Announces First Quarter 2024 Earnings Release Date and Conference Call

Retrieved on: 
Thursday, April 18, 2024

ALBUQUERQUE, N.M., April 18, 2024 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (the “Company” or “Array”) (Nasdaq: ARRY) today announced that the company will release its first quarter 2024 results after the market close on Thursday, May 9th, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day.

Key Points: 
  • ALBUQUERQUE, N.M., April 18, 2024 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (the “Company” or “Array”) (Nasdaq: ARRY) today announced that the company will release its first quarter 2024 results after the market close on Thursday, May 9th, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day.
  • 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.
  • The replay will be available until 11:59 p.m. (ET) on May 23, 2024.

Array Technologies Launches Hail Alert Response

Retrieved on: 
Tuesday, March 26, 2024

ALBUQUERQUE, N.M., March 26, 2024 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a global leader in utility-scale solar tracking, is proud to announce the launch of its patented Hail Alert Response, a groundbreaking set of software features designed to autonomously protect solar assets from hail damage.

Key Points: 
  • ALBUQUERQUE, N.M., March 26, 2024 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a global leader in utility-scale solar tracking, is proud to announce the launch of its patented Hail Alert Response, a groundbreaking set of software features designed to autonomously protect solar assets from hail damage.
  • The Hail Alert Response system leverages advanced weather prediction algorithms to preemptively stow solar trackers approximately 30 minutes before a predicted hail event.
  • Wide Applicability and Compatibility: Available across the United States, the Hail Alert Response can be integrated with any existing DuraTrack or OmniTrack system.
  • To find out more about Array’s SmarTrack Hail Alert Response, please visit SmarTrack™ Hail Alert Response - Array Technologies (arraytechinc.com)

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.

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.

Array Technologies Introduces Integrated Field Services and Customer Training Offerings to US Customers

Retrieved on: 
Friday, November 3, 2023

ALBUQUERQUE, N.M., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a global leader in utility-scale solar tracking solutions, is thrilled to announce the launch of its comprehensive Field Services and Customer Training solutions.

Key Points: 
  • ALBUQUERQUE, N.M., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a global leader in utility-scale solar tracking solutions, is thrilled to announce the launch of its comprehensive Field Services and Customer Training solutions.
  • Designed to meet the ever-evolving demands of the solar industry, these offerings tackle key challenges facing the industry to help reduce operational downtime and increase productivity and quality in the field.
  • “Our new services and training offerings embody Array's unwavering commitment to equip our clients with the skills and solutions they need for optimal solar farm operation,” said Kevin Hostetler, CEO of Array.
  • To help introduce these offerings, Array expanded its customer and product support teams over the last year, including hiring a director of training and development.

Gov. Lujan Grisham and Array Technologies Announce N.M. Expansion

Retrieved on: 
Thursday, November 2, 2023

Michelle Lujan Grisham and Array Technologies CEO Kevin Hostetler announced today that Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”) has finalized plans for a major expansion that will solidify the Company’s New Mexico future with a new $50 million manufacturing campus in Bernalillo County that will keep hundreds of jobs secure for New Mexicans.

Key Points: 
  • Michelle Lujan Grisham and Array Technologies CEO Kevin Hostetler announced today that Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”) has finalized plans for a major expansion that will solidify the Company’s New Mexico future with a new $50 million manufacturing campus in Bernalillo County that will keep hundreds of jobs secure for New Mexicans.
  • Array, one of New Mexico’s few publicly traded companies, got its start manufacturing solar tracker technology over 30 years ago in Albuquerque.
  • The 22-acre expansion will allow Array to hire nearly 100 new employees over the next several years.
  • The Albuquerque Regional Economic Alliance (AREA), a non-profit economic development organization, is assisting Array with site selection, labor-force, tax analysis, and strategic planning on its expansion.