Array Technologies, Inc. Common Stock (ARRY)
Array Technologies, Inc. (ARRY) is a global provider of solar tracking solutions used in utility-scale solar power plants. The company specializes in designing, manufacturing, and installing solar tracking systems that optimize the capture of sunlight to enhance energy production and improve the efficiency of solar photovoltaic projects. Founded in 1989 and headquartered in Albuquerque, New Mexico, Array Technologies is a key player in the renewable energy industry, supporting the transition to sustainable and clean energy sources.
Company News
Nextracker, a leading solar tracking systems producer, went public in February 2023 and has seen significant growth, with strong market positioning and potential in the expanding global solar market.
Shoals Technologies Group appointed Aaron Zadeh as Country Manager for Pacific region, strengthening its presence in Australia's solar market. Zadeh brings over two decades of energy industry experience to support the company's expansion and renewable energy initiatives.
ARRAY Technologies has successfully acquired APA Solar, a solar racking and structural solutions provider, to expand its renewable energy infrastructure and product portfolio. The acquisition is expected to be earnings accretive and enhance the company's ability to serve utility-scale and commercial solar projects.
U.S. stocks closed mixed on Friday as investors awaited the April Consumer Price Index report, which is influential in shaping the Federal Reserve's interest rate policies, alongside assessing quarterly earnings.
