Array Technologies, Inc.

Equities

ARRY

US04271T1007

Renewable Energy Equipment & Services

Real-time Estimate Cboe BZX Other stock markets 12:32:19 2024-05-24 EDT			5-day change	1st Jan Change
13.76 ^USD	+7.58%		+26.51%	-17.47%

05-23	Morgan Stanley Adjusts Price Target on Array Technologies to $17 From $18, Maintains Equalweight Rating	MT
05-17	Wells Fargo Cuts Price Target on Array Technologies to $14 From $16, Maintains Equalweight Rating	MT

Array Technologies, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024

May 08, 2024

Array Technologies, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 153.4 million compared to USD 376.77 million a year ago. Net income was USD 2.17 million compared to USD 29.64 million a year ago.

Basic loss per share from continuing operations was USD 0.07 compared to basic earnings per share from continuing operations of USD 0.11 a year ago. Diluted loss per share from continuing operations was USD 0.07 compared to diluted earnings per share from continuing operations of USD 0.11 a year ago.

Latest news about Array Technologies, Inc.

Morgan Stanley Adjusts Price Target on Array Technologies to $17 From $18, Maintains Equalweight Rating	05-23	MT
Wells Fargo Cuts Price Target on Array Technologies to $14 From $16, Maintains Equalweight Rating	05-17	MT
UBS Adjusts Array Technologies Price Target to $24 From $22, Maintains Buy Rating	05-13	MT
Piper Sandler Adjusts Price Target on Array Technologies to $14 From $13, Maintains Neutral Rating	05-10	MT
Array Technologies 'Well Positioned' for Outsized Growth as DuraTrack Price Adjustment Drives Higher Sales, Oppenheimer Says	05-10	MT
Oppenheimer Upgrades Array Technologies to Outperform From Market Perform, Price Target is $20	05-10	MT
Interest Rate Hopes Lift Wall Street Pre-Bell; Asia, Europe Gain	05-10	MT
Array Technologies' Q1 Adjusted Earnings, Revenue Fall; 2024 Outlook Reaffirmed -- Shares Rise After-Hours	05-09	MT
Transcript : Array Technologies, Inc., Q1 2024 Earnings Call, May 09, 2024	05-09
Earnings Flash (ARRY) ARRAY TECHNOLOGIES Posts Q1 EPS $0.06	05-09	MT
Earnings Flash (ARRY) ARRAY TECHNOLOGIES Posts Q1 Revenue $153.4M, vs. Street Est of $158.8M	05-09	MT
Array Technologies, Inc. Provides Revenue Guidance for the Second Quarter of 2024; Reaffirms Earnings Guidance for the Full Year of Fiscal Year Ending December 31, 2024	05-09	CI
Roth MKM Adjusts Price Target on Array Technologies to $20 From $25, Maintains Buy Rating	05-09	MT
Array Technologies, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	05-08	CI
Array Technologies, Inc. Announces A New $50+ Million Manufacturing Campus in Bernalillo County, New Mexico	04-26	CI
Piper Sandler Adjusts Price Target on Array Technologies to $13 From $12, Maintains Neutral Rating	04-11	MT
Array Technologies, Inc. Announces Not Standing for Re-Election of Board of Directors	04-10	CI
Guggenheim Raises Price Target on Array Technologies to $22 From $20, Maintains Buy Rating	04-05	MT
North American Morning Briefing : Powell Awaited -2-	04-03	DJ
Barclays Upgrades Array Technologies to Overweight From Equalweight, Raises Price Target to $18 From $15	04-02	MT
Array Technologies, Inc. Launches Hail Alert Response	03-26	CI
Array Technologies, Inc. Appoints James Zhu as Chief Accounting Officer	03-22	CI
BMO Capital Initiates Coverage on Array Technologies With Market Perform Rating, $16 Price Target	03-22	MT
KeyBanc Starts Array Technologies at Sector Weight, Sees Stock 'in Penalty Box' for Foreseeable Future Amid Outlook for Slow Recovery	03-05	MT
UBS Adjusts Array Technologies Price Target to $22 From $30, Maintains Buy Rating	02-29	MT

Chart Array Technologies, Inc.

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Company Profile

Array Technologies, Inc. is a provider of utility-scale solar tracker technology. The Company manufactures ground-mounting tracking systems used in utility and distributed generation solar energy projects worldwide. The Companyâs segments include Array Legacy Operations and STI Legacy Operations. Its principal products are a portfolio of integrated solar tracking systems comprised of software and hardware that include, component parts, such as steel tubing, steel supports, drivelines, center structures, electric motors, motor controller assemblies, bearing assemblies, gearboxes and electronic controllers commonly referred to as a single-axis tracker. Its flagship tracker uses a patented design that allows one motor to drive multiple rows of solar panels. Its products and services include Tracker Systems; DuraTrack HZ v3; Array STI H250; Array OmniTrack, and SmarTrack Software. SmarTrack is its range of software and control-based products designed for utility-scale solar sites.

Sector

Renewable Energy Equipment & Services

Calendar

2024-08-05 - Q2 2024 Earnings Release (Projected)

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Russell 2000

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Income Statement Evolution

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Ratings for Array Technologies, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

D+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

12.79 USD

Average target price

19.98 USD

Spread / Average Target

+56.23%

Consensus

EPS Revisions

Estimates Revisions

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Sector Other Renewable Energy Equipment & Services

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