Array Technologies Inc
ARRY
ISIN null / Valor 57373259
Array Technologies Inc
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About company
Array Technologies Inc is a prominent company in the renewable energy sector, specializing in the development and supply of utility-scale solar trackers. With a history spanning over three decades, the company has established itself as a key player in advancing solar energy technologies. Array Technologies focuses on enhancing the efficiency and reliability of solar power systems through its innovative tracking solutions, which are designed to optimize the orientation of solar panels towards the sun, thereby maximizing energy capture. The company operates on a global scale, aiming to facilitate the adoption of clean energy across various markets. Beyond its core offering of solar trackers, Array Technologies is also exploring opportunities to expand its portfolio into other renewable energy solutions, leveraging its extensive experience and technical expertise in the field. This strategic direction underscores the company's commitment to contributing to a sustainable energy future.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (11.10.2025):
Array Technologies Inc. reported strong financial results for the fourth quarter and full year of 2024, exceeding revenue guidance and achieving record gross margins. The company demonstrated robust cash flow generation and significant progress in market share and commercial growth.
Fourth Quarter 2024 Revenue
Array Technologies Inc. achieved revenue of $275.2 million in the fourth quarter of 2024, surpassing the midpoint of its revenue guidance.
Record Full Year Gross Margin
The company reported a full year gross margin of 32.5%, marking a record for Array Technologies Inc. in 2024.
Net Loss and Non-Cash Charges
Array Technologies Inc. reported a net loss to common shareholders of $(141.2) million for Q4 2024 and $(296.1) million for the full year, inclusive of significant non-cash goodwill impairment and intangible asset write-downs.
Adjusted EBITDA Performance
The adjusted EBITDA was $45.2 million for Q4 2024 and $173.6 million for the full year, reflecting strong operational performance.
Order Book Growth
As of December 31, 2024, Array Technologies Inc. maintained a total executed contracts and awarded orders value of $2.0 billion, representing a 10% year-on-year growth.
2025 Guidance
The company anticipates over 20% year-over-year revenue growth for 2025, with projected revenue between $1.05 billion and $1.15 billion and adjusted EBITDA ranging from $180 million to $200 million.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1115 M
Market cap (USD)
9,368,118
Daily traded volume (Shares)
6.16 / 5.82
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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