Array Strengthening Domestic Supply Chain
US Tracker Maker Secures Local Steel & Aluminum Supplies To Boost US Manufacturing
In a bid to reduce risks related to delivery delays and to strengthen its domestic supply chain, leading solar tracker manufacturer Array Technologies has signed up to receive local supplies of steel and aluminum from Steel Dynamics and Extruded Alum.
Strong Q2/2023 Financial Results For Array
Array Delivers 21% Annual Revenue Growth As Executed Contracts & Awarded Orders Increase To $1.7 Billion
US solar tracker manufacturer Array Technologies exited Q2/2023 with strong financials, having grown its revenues by 21% annually to $507.7 million, thanks to a 124% YoY improvement in the STI segment.
US Tracker Maker Gets New Technology Lead
Aaron Gabelnick On Board Array Technologies As Chief Strategy & Technology Officer
US based global solar tracker supplier Array Technologies has appointed Aaron Gabelnick as the company’s new chief strategy and technology officer to help identify strategic growth platforms for the company. Array says Gabelnick, in his new pos.
North America PV News Snippets
RWE Secures PPAs For Over 300 MW Solar In Virginia & More From First Solar, Array, New York
RWE Clean Energy signs solar PPAs for over 300 MW with Dominion Energy Virginia; First Solar secures module contract from TVA in Alabama; Array Technologies to source local steel from Lock Joint Tube; New York State’s largest rooftop solar project complete.
US Solar Tracker Maker Reports Higher Shipments
Array’s Q1 Revenues Improved 25% YoY; Says Slowdown In Orders As Customers Wait For IRA Clarity
Solar tracker manufacturer from the US, Array Technologies improved its annual revenues for Q1/2023 by 25% to $376.8 million due to higher volume shipped and an increase in ASP due to ‘improved pass through pricing’ to the customers, but said its.
Array Reports 92% Revenue Growth For 2022
Array Narrows Annual Net Loss In 2022 As Q4 Revenues Jumped Up 83%; Guides For 2023 Revenues To Increase Up To 19% Without Factoring In Potential IRA Benefits
Released after 2 extensions of late filing, Array Technologies, Inc has finally published its annual results for 2022 reporting 92% annual revenue growth to $1.63 billion. The strong revenue increase is thanks to the STI Norland acquisition.
Market Shares of Solar Trackers Suppliers
Global Solar Trackers Segment Is Expected To Grow At CAGR Of More than 25% Until 2031
As the solar market continued its growth in 2022 as a whole, so did the utilty scale segment — and as part of it solar trackers. However, when looking further back, the trackers segment has encountered a few challenges, especially in 2021.
Array’s Order Book Till Dec 2022-End Was Worth $1.9 Billion
Array Delays 2022 Financial Results Filing, But Expects To Exceed Annual Revenue Guidance; Exits Year With $1.9 Billion Order Book
NASDAQ listed solar tracker manufacturer Array Technologies expects to exceed its annual revenue guidance for 2022 to report between $1.62 billion to $1.64 billion claiming it represents organic growth of nearly 50%, and guides for 2023 revenues to f.
US Solar Tracker Firm Expanding Manufacturing Footprint
Array Technologies To Establish Local Production Fab In Australia After Winning ‘1st’ Supplier Contract Under VRET2 Tender In Victoria
One of the world’s largest solar tracker manufacturers Array Technologies is to set up local production facility in Australia’s Victoria to supply trackers to a 130 MW DC solar farm after winning the ‘1st’ tracker supplier contract for projec.
New Chief Operations Officer For Array Technologies
Array Technologies Brings On Board Oil & Gas Senior Executive From Rotork, Neil Manning As Company’s New COO
Solar tracker solutions provider Array Technologies from the US has announced the appointment of a new Chief Operations Officer (COO), bringing on board Neil Manning to the position.
Array Reports $28.6 Million Net Income In Q3/2022
Array Technologies Reports Strong Q3 With Increase In Shipments & ASPs; Books $400 Million Worth Orders
US solar tracker supplier Array Technologies exited Q3/2022 with a 173% annual increase in revenues, driven by the acquisition of STI Norland, excluding which the revenue increase was 112% thanks to 63% improvement in shipments and 29% in ASPs.
Higher Revenue And Losses In Q2/2022 For Array Technologies
US Solar Tracker Company Array Technologies’ Revenues Improved Annually By 116% But Net Loss Widened To -$15 million
Solar tracker supplier to utility scale projects, Array technologies grew its consolidated revenue by 116% annually to $424.9 million, mainly due to $72.7 million coming in from STI Norland that it acquired, yet net loss widened to -$15 million, up from -$5.5 million in the previous year.
Array Appoints Chief Human Resources Officer
Array Technologies Brings In Terrance Collins As Company’s New CHRO
American solar tracker manufacturer Array Technologies, Inc has announced the appointment of Terrance Collins as the company’s new Chief Human Resources Officer (CHRO). He will report directly to the CEO Kevin Hostetler.
Jim Fusaro To Leave Array By 2022-End
Kevin Hostetler Announced New Chief Executive Officer Of Array Technologies
US based solar tracker manufacturer Array Technologies has got itself a new Chief Executive Officer (CEO). Kevin Hostetler will replace outgoing CEO Jim Fusaro as the latter will retire by the end of 2022.
Array Technologies’ 2021 Annual Results
US Solar Tracker Maker Reports Net Loss In 2021, But Offers Strong Guidance For 2022
US solar tracker manufacturer Array Technologies blamed increased supplier and logistics lead times, and project delays for its 2021 annual revenues dropping 2% to $853.3 million and net loss of $66.1 million, yet offered a robust guidance of 2022 re.
North America PV News Snippets
Enphase Expands Manufacturing Footprint To Romania & More From Array, VUI, SEIA
Flex to manufacture Enphase Energy’s microinverters in Romania; Array to supply trackers for Gemini Solar & Storage Project; Canadian company wants solar for uranium in Virginia; SEIA launches survey to assess impacts of Auxin Solar petition on the solar industry.
Revenue Up, Gross Margin Down For Array Tech. In Q2/2021
Higher Input & Logistics Costs Trouble Array Technologies In Q2/2021 Even As Revenues Grew 76% YoY; Secures Up To $500 Million Capital Commitment From Blackstone Energy Partners
Higher input and freight costs pulled down Array Technologies’ gross margin for Q2/2021 to 13.2% compared to 19.3% in Q2/2020. Yet its revenues went up 76% YoY to $202.8 million and adjusted EBITDA to $16.2 million, growing 23% over same period.
Array Technologies: 44% YoY Drop In Q1/2021 Revenues
Having Reported 63% YoY Drop in Q1/2021 Gross Profit Owing To Lower Volumes, Array Technologies Pulls Back 2021 Annual Guidance Citing Higher Commodity & Shipping Costs
Array Technologies attributed its 44% annual decline in its Q1/2021 revenues to the reduction in the amount of ITC safe harbor related shipments during the reporting quarter.
