INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Array Technologies, Inc. (ARRY) on Behalf of Investors
b'Law Offices of Howard G. Smith announces an investigation on behalf of Array Technologies, Inc. (\xe2\x80\x9cArray\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d) (NASDAQ: ARRY ) investors concerning the Company\xe2\x80\x99s possible violations of federal securities laws.\nIn October 2020, Array completed its initial public offering (\xe2\x80\x9cIPO\xe2\x80\x9d), selling 7 million shares at $22 per share.\nOn May 11, 2021, after the close of trading, Array announced first quarter 2021 results, reporting lower revenues year-over-year and lower margins as a result of increased steel and shipping costs.
- b'Law Offices of Howard G. Smith announces an investigation on behalf of Array Technologies, Inc. (\xe2\x80\x9cArray\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d) (NASDAQ: ARRY ) investors concerning the Company\xe2\x80\x99s possible violations of federal securities laws.\nIn October 2020, Array completed its initial public offering (\xe2\x80\x9cIPO\xe2\x80\x9d), selling 7 million shares at $22 per share.\nOn May 11, 2021, after the close of trading, Array announced first quarter 2021 results, reporting lower revenues year-over-year and lower margins as a result of increased steel and shipping costs.
- The Company also announced that Peter Jonna had resigned from the Board of Directors effective May 10, 2021.\nOn this news, Array\xe2\x80\x99s stock price fell $11.49 per share, or 46%, to close at $13.46 per share on May 12, 2021, significantly below the IPO price.\nIf you purchased Array common stock, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected] , or visit our website at www.howardsmithlaw.com .\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210520005916/en/\n'