Array Technologies

Array Technologies, Inc. manufactures ground-mounting systems used in solar energy projects. The company sells its products to engineering, procurement and construction firms that build solar energy projects and to large solar developers, independent power producers and utilities, master supply agreements or multi-year procurement contracts. It has offices in Europe, Central America, and Australia. The company's products include DuraTrack and SmarTrack. Array Technologies was founded by Ronald P. Corio in 1989 and is headquartered in Albuquerque, NM.

Earnings data Q4 2023

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

LQR House Inc

- Strategic Marketing Leads Von Payne Whiskey to Prominent Retail Shelves - MIAMI BEACH, FL / ACCESSWIRE / September 29, 2023 / LQR House Inc. (the "Company" or "LQR House") (NASDAQ:LQR), a leading marketing agency specializing in the spirits and beverage industry, is delighted to announce a significant achievement in collaboration with Von Payne Whiskey. Through LQR House's custom marketing campaign and strategic efforts, Von Payne Whiskey has successfully secured its first purchase order from none other than the retail giant, Costco (COST).

LQR House Propels Von Payne Whiskey to Secure Its First Costco Purchase Order & Provides Corporate Update

First Solar

Like Icarus, solar stocks flew too close to the sun and burned out in 2023. While the S&P 500 index is trading up 20% year-to-date (YTD), the Invesco Solar ETF (NYSEARCA: TAN) is trading down 22.5%.

Against the Grain: 2 Solar Energy Stocks Defying the Sell-Off

Li Auto Inc.

NVIDIA

Shopify

Nvidia and Meta Platforms earnings are expected to more than double in 2023. Others on this list will see far stronger growth.

5 Stocks With Earnings Set To Surge As Much As 7,800%. All Are Near Buy Points.

Coinbase

Carvana

When markets stumble, pay close attention to which stocks buck the trend. Resilient stocks during market weakness tend to lead when the market regains its footing.

Looking to Outperform? Buy these 3 Stocks Exhibiting "Raw" Relative Strength

LAS VEGAS, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a global leader in utility-scale solar tracking solutions, has signed a long-term agreement with Steel Dynamics to provide a fixed supply of coil for Array's U.S. projects.

Array Technologies Strengthens Domestic Supply Chain Through Base Load Agreement with Steel Dynamics

LAS VEGAS, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a global leader in utility-scale solar tracking solutions, reinforces their long-standing, 10-year partnership with Extruded Aluminum Corporation (EAC) which expands Array's U.S. manufacturing footprint with additional aluminum extrusion capacity. EAC, based in Belding, Mich., manufactures multiple extrusion profiles that are highly recyclable and contain recycled aluminum within their extrusions, including structural fastening clamps. This manufacturing collaboration underscores Array's robust commitment to fostering a sustainable domestic supply chain while supporting economic development and job growth in Michigan.

Long-standing Agreement Between Array Technologies and Extruded Aluminum Corporation Boosts US Manufacturing with Nearly $35 Million Investment in Michigan Facility Expansion

Enphase Energy

Sunrun

A record amount of solar panels are expected to be installed in the U.S. this year, but the fate of companies in the industry has diverged.

These Are the Solar Power Winners and Losers of 2023 So Far

Itron

NextEra Energy

The energy sector is undergoing a major transformation as the world shifts to cleaner and more sustainable sources of power. Renewable energy is expected to grow rapidly in the coming years, driven by technological innovation, policy support and consumer demand.

September Rally? 3 Energy Stocks to Buy Before Liftoff

Altus Power

Daqo New Energy

Sunnova Energy International Inc

SolarEdge Technologies

Shoals Technologies Group

Sunworks

Industry analysts have predicted future solar stock winners for decades, but the cost of solar has always been a double-edged sword. The issue was that the cost per megawatt-hour was simply too high.

7 Up-and-Coming Solar Stocks to Put on Your Must-Buy List

ARRY reported solid Q2 FY23 results, with a 21% rise in revenue and significant improvement in gross margins. The stock price of ARRY has shown strength and potential for an uptrend after breaking out of a one-year consolidation. ARRY is undervalued with a solid upside potential, making it a great buying opportunity with strong financials and fundamentals.

Array Technologies: Undervalued Stock With Solid Growth

ALBUQUERQUE, N.M., Aug. 28, 2023 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY), a leading provider of utility-scale solar tracker solutions, is the front-runner in domestic content sourcing, capable of achieving in excess of 85% of content from U.S. suppliers at scale—an unparalleled benchmark in the solar industry.

Array Technologies Leads Solar Tracker Industry with Highest US Domestic Content Sourcing

American Water Works

Chalk it up to whatever you'd like but temperatures are rising globally. Every summer there are reports of extreme heat and this year's reports from Death Valley highlighted extreme temperatures there.

3 ESG Stocks to Buy as Climate Change Sends Temps Soaring

Investors interested in Solar stocks are likely familiar with Array Technologies, Inc. (ARRY) and Enphase Energy (ENPH). But which of these two stocks offers value investors a better bang for their buck right now?

ARRY vs. ENPH: Which Stock Is the Better Value Option?

When the conversation turns to energy, many investors fixate on the usual suspects, inadvertently sidestepping the solar stocks to buy. Moreover, it's quite an oversight, especially when some solar stocks are simmering, waiting for their moment in the sun.

3 Solar Stocks You'll Regret Not Buying Soon

The mean of analysts' price targets for Array Technologies, Inc. (ARRY) points to a 36% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts See a 36.01% Upside in Array Technologies, Inc. (ARRY): Can the Stock Really Move This High?

It has been an ugly summer for many solar stocks, as high U.S. interest rates dealt a considerable blow to the U.S. residential solar market, excluding California. As a result, since peaking in July, the Invesco Solar ETF (NYSEArca:  TAN ) has sunk nearly 15%.

The 3 Best Solar Stocks to Buy in August

Here is how Array Technologies, Inc. (ARRY) and Constellation Energy Corporation (CEG) have performed compared to their sector so far this year.

Is Array Technologies (ARRY) Stock Outpacing Its Oils-Energy Peers This Year?

Array lowered its revenue expectations for the year, but that wasn't a big concern. Some project bookings will be realized in 2024 instead.

Why Array Technologies Shares Popped Today

Array Technologies, Inc. (NASDAQ:ARRY ) Q2 2023 Earnings Conference Call August 8, 2023 5:00 PM ET Company Participants Cody Mueller - IR Kevin Hostetler - CEO Nipul Patel - CFO Conference Call Participants Brian Lee - Goldman Sachs Mark Strouse - JPMorgan Julien Dumoulin-Smith - Bank of America Kashy Harrison - Piper Sandler Andre Adams - Oppenheimer Donovan Schafer - Northland Capital Market Andrew Crocco - Morgan Stanley Jordan Levy - Truist Philip Shen - ROTH Capital Partners Sean Milligan - Janney Derek Soderberg - Cantor Fitzgerald Operator Greetings and welcome to Array Technologies Second Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode.

Array Technologies, Inc. (ARRY) Q2 2023 Earnings Call Transcript

Array Technologies, Inc. (ARRY) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.09 per share a year ago.

Array Technologies, Inc. (ARRY) Tops Q2 Earnings and Revenue Estimates

Second Quarter 2023 Highlights Revenue of $507.7 million Net income to common shareholders of $52.0 million Adjusted EBITDA(1) of $115.6 million Basic and diluted net income per share of $0.34 Adjusted diluted net income per share(1) of $0.47 Executed contracts and awarded orders at June 30, 2023 totaling $1.7 billion (1) A reconciliation of the most comparable GAAP measure to its Non-GAAP measure is included below. ALBUQUERQUE, N.M.

Array Technologies, Inc. Reports Financial Results for the Second Quarter 2023 – Strong execution delivers revenue of $507.7 million and record gross margin of 29.6%

Gabelnick joins Array with over 20 years of strategic global business experience Gabelnick joins Array with over 20 years of strategic global business experience

Array Technologies Names Aaron Gabelnick as Chief Strategy and Technology Officer

JinkoSolar Holding

Maxeon Solar Technologies

Solar stocks have struggled for the better part of the past two years. The Invesco Solar ETF (NYSEARCA: TAN ) is down around 35% since topping out in November 2021.

7 Cheap Solar Stocks That Smart Investors Will Snap Up Now

Array Technologies' (ARRY) Q2 results are likely to reflect a hike in megawatts shipment along with strong margin performance from the STI Norland acquisition.

What's in Store for Array Technologies (ARRY) in Q2 Earnings?

SunPower

There's perhaps never been a more opportune moment to embrace solar stocks to buy than now. Even the International Energy Agency projects a fourfold jump in the annual rate of solar panel installations by 2030.

News for Array Technologies Stock (ARRY)