ALBUQUERQUE, N.M., May 09, 2024 (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 first quarter ended March 31, 2024.
Key Points:
- Over the last four quarters we have cumulatively booked $1.8 billion of new business and our orderbook now stands at approximately $2.1 billion,” said Kevin Hostetler, Chief Executive Officer.
- “In the first quarter we achieved revenue of $153 million, which was slightly ahead of the expectations signaled on our last earnings call.
- Array management will host a conference call today at 5:00 p.m. Eastern Time to discuss the Company’s financial results.
- A telephonic replay will be available approximately three hours after the call by dialing (877)-660-6853, or for international callers, (201)-612-7415.
Array collaborated with DNV Energy USA (DNV) to publish a comprehensive report titled “Energy Impact of Different Solar Tracker Wind Stow Strategies,” outlining the benefits of safe, passive wind stow technology in solar farms.
Key Points:
- Array collaborated with DNV Energy USA (DNV) to publish a comprehensive report titled “Energy Impact of Different Solar Tracker Wind Stow Strategies,” outlining the benefits of safe, passive wind stow technology in solar farms.
- The analysis focused on evaluating the energy losses associated with various tracker wind stow methods and considered multiple variables, including wind velocity stowing thresholds, wind direction, dwell time, stow exit wind velocity threshold, stow angle, and stow direction.
- The report’s findings highlight the improved energy production of passive stow strategies in all wind regions, particularly in medium to high wind regions.
- Key insights from the report include:
Proven Energy Gains: The study validates that Array's new safe, passive stow technology significantly boosts energy production during wind stow events, preserving 99.95% of energy on average—effectively minimizing losses to just 0.05%.
Congress,
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Renewable energy "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.
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.
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)
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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.
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Thursday, February 22, 2024
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Renewable energy 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.
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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.
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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.
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Tuesday, November 7, 2023
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Array 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.
