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
May 09, 2024 at 04:37 pm EDT
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Array Technologies, Inc. provided revenue guidance for the second quarter and full year of fiscal year ending December 31, 2024. For the second quarter, the company expects a revenue between $225 million to $235 million.
For the year 2024, the company reaffirming revenue to be in the range of $1,250 million to $1,400 million.
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.
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