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ARRY

Array Technologies, Inc.

https://arraytechinc.com

Industry

Solar

Array Technologies, Inc. manufactures and supplies solar tracking systems and related products in the United States and internationally. Its products include DuraTrack HZ v3, a single-axis solar tracking system; and SmarTrack, a machine learning software that is used to identify the optimal position for a solar array in real time to increase energy production. The company was founded in 1989 and is headquartered in Albuquerque, New Mexico.

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Genpact Limited reported better-than-expected Q1 financial results, leading to a 6.8% rise in its shares. Other companies like Novavax, iTeos Therapeutics, and Sweetgreen also saw significant gains following positive financial results or strategic announcements. The overall market sentiment was positive, with the Dow Jones gaining over 100 points.

Portfolio Pulse from Avi Kapoor

May 10, 2024 | 2:48 pm

Piper Sandler analyst Kashy Harrison maintains a Neutral rating on Array Technologies (NASDAQ:ARRY) and raises the price target from $13 to $14.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 1:28 pm

Natera, Inc. shares surged 15% in pre-market trading following strong Q1 earnings, outperforming market expectations with lower losses and higher sales. Other stocks also showed significant pre-market movements, with notable gainers including Novavax, AEye, and Sensus Healthcare, and losers like MacroGenics and Progyny due to disappointing financial results.

Portfolio Pulse from Avi Kapoor

May 10, 2024 | 12:44 pm

Oppenheimer analyst Colin Rusch upgrades Array Technologies (NASDAQ:ARRY) from Perform to Outperform and sets a $20 price target.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 12:14 pm

In Friday's pre-market session, several industrials stocks showed significant movement. Notably, Getaround, Nuburu, Microvast Holdings, and Array Technologies experienced gains, largely attributed to their recent earnings reports. Conversely, Flux Power Holdings, Greenwave Tech Solns, Pineapple Energy, and others faced declines, with many also reacting to their latest earnings outcomes.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 12:07 pm

Array Technologies' shares surged following the announcement of their Q1 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 11:29 am

Stocks to watch include DNOW, ARRY, ENB, FNKO, and HE, with DNOW and ARRY reporting earnings, ENB and HE expected to report, and FNKO announcing strong earnings and a new CEO. Futures trading higher indicates a positive market outlook.

Portfolio Pulse from Avi Kapoor

May 10, 2024 | 7:01 am

Array Technologies (ARRY) reported Q1 2024 adjusted EPS of $0.06, surpassing the $(0.03) estimate, with sales of $153.4M beating the $140.106M forecast. However, this represents a 59.29% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 9:08 pm

Array Technologies Inc (NASDAQ:ARRY) reported Q1 earnings with revenue of $153.4 million, surpassing estimates of $140.106 million, and an adjusted EPS of 6 cents. The company highlighted strong demand with $400 million in bookings for Q1 and a total order book of $2.1 billion. Gross margin stood at 35.9%, with an adjusted figure of 38.3%. Array expects Q2 revenue between $225 million and $235 million and reaffirmed its full-year revenue forecast of $1.25 billion to $1.4 billion, with adjusted net income per share between $1 and $1.15. Shares rose 8.31% after hours to $13.55.

Portfolio Pulse from Adam Eckert

May 09, 2024 | 9:03 pm

Array Technologies' shares surged following the announcement of their Q1 sales results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:51 pm

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