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ARRAY TECHNOLOGIES, INC.

(ARRY)
  Report
Real-time Estimate Cboe BZX  -  10:18:17 2023-03-28 am EDT
19.75 USD   +3.43%
08:30aTruist Securities Upgrades Array Technologies to Buy From Hold, Price Target is $26
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03/22ARRAY TECHNOLOGIES, INC. Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-K)
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03/22US Equities Slightly Lower Midday As Sidelined Investors Await Fed's Rate Decision
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Array Technologies Becomes First Supplier in Australia to Manufacture Solar Trackers Locally for Victorian Renewable Energy Tender 2

02/02/2023 | 04:30pm EDT

Array Technologies has been awarded a contract to supply solar trackers for the 130MWdc Glenrowan solar farm project, a key site for the Victorian Renewable Energy Tender 2 (VRET2) auction. UGL is serving as the engineering, procurement, and construction firm on the project together with developer Pacific Partners. Array Technologies is the first solar tracker company to set up local manufacturing operations to support solar power projects in Australia, which will create local jobs and help spur economic growth throughout the region.

Array is the first tracker supplier to be awarded a contract for the VRET2 auction, designed to grow renewable energy manufacturing and help Victoria meet its commitment to achieve 100% renewable electricity consumption for its operations by 2025. VRET2 is expected to support the creation of 920 direct jobs and attract $1.48 billion in new renewable energy projects in Victoria. A pioneer and global leader in reliable solar tracking solutions, Array Technologies is continuing to lead the way in manufacturing for solar projects in Australia.


© S&P Capital IQ 2023
All news about ARRAY TECHNOLOGIES, INC.
08:30aTruist Securities Upgrades Array Technologies to Buy From Hold, Price Target is $26
MT
03/22ARRAY TECHNOLOGIES, INC. Management's Discussion and Analysis of Financial Condition a..
AQ
03/22US Equities Slightly Lower Midday As Sidelined Investors Await Fed's Rate Decision
MT
03/22Guggenheim Adjusts Price Target on Array Technologies to $35 From $36, Maintains Buy Ra..
MT
03/22North American Morning Briefing: Stock Futures Dip as Fe..
DJ
03/21Transcript : Array Technologies, Inc., 2022 Earnings Call, Mar 21, 2023
CI
03/21Array Technologies Swings to Q4 Profit, Revenue Rises; Issues Ful-year Outlook
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03/21Array Technologies, Inc. Reports Earnings Results for the Fourth Quarter and Full Year ..
CI
03/21Array Technologies Guides For Full Year 2023 EPS of $0.75-$0.85 on Revenue of $1.80-$1...
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03/21Earnings Flash (ARRY) ARRAY TECHNOLOGIES Reports Q4 EPS $0.10
MT
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Analyst Recommendations on ARRAY TECHNOLOGIES, INC.
More recommendations
Financials (USD)
Sales 2023 1 899 M - -
Net income 2023 30,0 M - -
Net Debt 2023 584 M - -
P/E ratio 2023 149x
Yield 2023 -
Capitalization 2 878 M 2 878 M -
EV / Sales 2023 1,82x
EV / Sales 2024 1,48x
Nbr of Employees 1 082
Free-Float 98,5%
Chart ARRAY TECHNOLOGIES, INC.
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Technical analysis trends ARRAY TECHNOLOGIES, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 19,09 $
Average target price 27,17 $
Spread / Average Target 42,3%
EPS Revisions
Managers and Directors
Kevin George Hostetler Chief Executive Officer
Nipul M. Patel Chief Financial Officer
J. Bradford Forth Chairman
Jovan Kangrga Chief Information Officer
Thierry Marin-Martinod Chief Technology Officer
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