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Array Technologies Q1 2024 Earnings Report

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$6.82 -0.33 (-4.62%)
As of 04:00 PM Eastern

Array Technologies EPS Results

Actual EPS
$0.06
Consensus EPS
-$0.04
Beat/Miss
Beat by +$0.10
One Year Ago EPS
$0.23

Array Technologies Revenue Results

Actual Revenue
$153.40 million
Expected Revenue
$141.24 million
Beat/Miss
Beat by +$12.16 million
YoY Revenue Growth
-59.30%

Array Technologies Announcement Details

Quarter
Q1 2024
Time
After Market Closes

Conference Call Resources

Array Technologies Earnings Headlines

Array Technologies (ARRY) Receives a Hold from Bank of America Securities
Truist Financial Sticks to Its Buy Rating for Array Technologies (ARRY)
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Array Technologies price target lowered to $9 from $10 at Barclays
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About Array Technologies

Array Technologies (NASDAQ:ARRY) manufactures and sells ground-mounting tracking systems used in solar energy projects in the United States, Spain, Brazil, Australia, and internationally. The company operates in two segments, Array Legacy Operations and STI Operations. Its products portfolio includes DuraTrack HZ v3, a single axis tracker; Array STI H250 that delivers a lower levelized cost of energy with tracker system; Array OmniTrack; and SmarTrack, a software product that uses site-specific historical weather and energy production data in combination with machine learning algorithms to identify the optimal position for a solar array in real time to enhance energy production. Array Technologies, Inc. was incorporated in 1987 and is headquartered in Albuquerque, New Mexico.

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