Array Technologies Inc
NASDAQ:ARRY
If you don’t study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.
Utilize notes to systematically review your investment decisions. By reflecting on past outcomes, you can discern effective strategies and identify those that underperformed. This continuous feedback loop enables you to adapt and refine your approach, optimizing for future success.
Each note serves as a learning point, offering insights into your decision-making processes. Over time, you'll accumulate a personalized database of knowledge, enhancing your ability to make informed decisions quickly and effectively.
With a comprehensive record of your investment history at your fingertips, you can compare current opportunities against past experiences. This not only bolsters your confidence but also ensures that each decision is grounded in a well-documented rationale.
Do you really want to delete this note?
This action cannot be undone.
| 52 Week Range |
3.98
11.2802
|
| Price Target |
|
We'll email you a reminder when the closing price reaches USD.
Choose the stock you wish to monitor with a price alert.
This alert will be permanently deleted.
Array Technologies Inc
Array Technologies, Inc. manufactures ground-mounting systems used in solar energy projects. The company is headquartered in Albuquerque, New Mexico and currently employs 471 full-time employees. The company went IPO on 2020-10-15. The firm's principal product is an integrated system of steel supports, electric motors, gearboxes, and electronic controllers referred to as a single-axis tracker. Its trackers use a design that allows one motor to drive multiple rows of solar panels through articulated driveline joints. The firm sells its products to engineering, procurement and construction firms (EPCs) that build solar energy projects and to solar developers, independent power producers and utilities. Its DuraTrack HZ v3 is a single axis tracker and incorporates features, such as single bolt per module mounting system. The firm's SmarTrack software uses site-specific historical weather and energy production data, in combination with machine learning algorithms, to identify the position for a solar array in real time to enhance its energy production.
Array Technologies, Inc. manufactures ground-mounting systems used in solar energy projects. The company is headquartered in Albuquerque, New Mexico and currently employs 471 full-time employees. The company went IPO on 2020-10-15. The firm's principal product is an integrated system of steel supports, electric motors, gearboxes, and electronic controllers referred to as a single-axis tracker. Its trackers use a design that allows one motor to drive multiple rows of solar panels through articulated driveline joints. The firm sells its products to engineering, procurement and construction firms (EPCs) that build solar energy projects and to solar developers, independent power producers and utilities. Its DuraTrack HZ v3 is a single axis tracker and incorporates features, such as single bolt per module mounting system. The firm's SmarTrack software uses site-specific historical weather and energy production data, in combination with machine learning algorithms, to identify the position for a solar array in real time to enhance its energy production.
Strong Revenue Growth: Array reported Q3 revenue of $393 million, up 70% year-over-year, with volumes up 56%. Year-to-date revenue surpassed $1 billion, already above full-year 2024 results.
APA Acquisition Impact: The APA acquisition contributed $17 million in Q3 revenue and is expected to add $50 million for the full year. APA's backlog will be added to the order book by year-end.
Raised Guidance: Full-year 2025 revenue guidance was raised to $1.25–$1.28 billion, a midpoint increase of over $60 million. Adjusted EBITDA is now expected at $185–$195 million.
Improved Margins & Efficiency: Adjusted gross margin was 28.1% and adjusted EBITDA margin was 18.3%. Adjusted SG&A as a percent of revenue improved due to operational efficiency.
Order Book Strength: Q3 order book stood at $1.9 billion, mostly domestic and featuring higher quality Tier 1 customers. Additional backlog is expected as APA and international orders are added.
Product Momentum: New product offerings (OmniTrack, Skylink, Hail XP) now make up nearly 40% of the order book, showing rapid customer adoption.
Supply Chain Resilience: The company mitigated tariff impacts through sourcing agility and cost pass-throughs, reducing exposure to less than 14% of bill of materials by year-end.
Positive Outlook: Management remains optimistic about demand into 2026, expecting continued organic and inorganic growth, with strong bookings and new product traction.
