Array Technologies, Inc. - Common Stock (ARRY)
Frequently Asked Questions About Array Technologies, Inc. - Common Stock (ARRY)
How can investors learn more about Array Technologies?
Investors can learn more about Array Technologies by visiting the company's official website, reviewing its latest financial reports and investor relations materials, following its press releases, and keeping an eye on industry news and trends affecting the renewable energy sector.
How does Array Technologies contribute to job creation?
Array Technologies contributes to job creation through its operations, manufacturing facilities, and the expansion of its market presence. As the demand for solar energy solutions grows, the company increases its workforce, creating jobs in engineering, manufacturing, sales, and installation.
How does Array Technologies ensure product reliability?
Array Technologies ensures product reliability through rigorous testing procedures, quality control measures, and utilizing durable materials in the manufacturing of its solar tracking systems. The company also provides ongoing support and maintenance to ensure the long-term performance of its products.
How does the solar tracker technology work?
Solar tracker technology works by automatically adjusting the orientation of solar panels throughout the day to follow the sun's path. This tracking increases the amount of sunlight that panels receive, thus maximizing energy production compared to fixed-tilt solar installations.
How has Array Technologies performed financially?
Array Technologies has experienced significant growth in revenues and market presence, particularly following its public listing on the Nasdaq in 2020. The company continues to expand its footprint in the solar market, demonstrating strong financial performance driven by increasing demand for renewable energy solutions.
What are the benefits of using Array's products?
The benefits of using Array Technologies' products include improved energy efficiency, reduced levelized cost of electricity (LCOE), enhanced reliability, and lower operational and maintenance costs. Their solar trackers can lead to greater electricity production compared to static solar installations.
What does Array Technologies, Inc. do?
Array Technologies, Inc. is a leading provider of solar tracking solutions for the renewable energy industry. The company designs and manufactures advanced solar trackers that optimize the efficiency of solar energy systems by ensuring that solar panels are aligned with the sun throughout the day. This innovative technology helps to maximize energy production, making solar energy more efficient and cost-effective.
What industries does Array Technologies serve?
Array Technologies primarily serves the renewable energy industry, focusing on solar energy. Their products and solutions are utilized by utility-scale solar farms, commercial and industrial solar projects, and other applications where solar energy generation is needed.
What is Array Technologies' market position?
Array Technologies holds a strong market position in the solar tracking space, particularly in the North American market. The company is recognized for its innovative products and has established a reputation as a trusted provider of solar tracking solutions, contributing to its competitive advantage.
What is the company’s commitment to sustainability?
Array Technologies is committed to sustainability by delivering innovative solar solutions that enhance the efficiency of solar energy production. The company emphasizes environmentally friendly practices in its operations and product offerings, contributing to the global transition toward renewable energy sources.
What is the future outlook for Array Technologies?
The future outlook for Array Technologies appears positive, driven by the global shift towards renewable energy and increasing investment in solar power infrastructure. As more countries and companies commit to sustainability goals, Array is well-positioned to capitalize on the growing demand for its tracking solutions.
What is the significance of solar energy in today's market?
Solar energy is significant in today's market as it represents a sustainable and renewable energy source that can help reduce reliance on fossil fuels, decrease greenhouse gas emissions, and mitigate climate change. The increasing demand for clean energy solutions has spurred growth in the solar industry.
What products does Array Technologies offer?
The main products offered by Array Technologies include solar tracking systems, racking solutions, and software for monitoring and managing solar energy systems. Their flagship product, the DuraTrack, is a single-axis solar tracker designed to enhance the performance of solar panels.
What role does technology play in Array's strategy?
Technology plays a crucial role in Array's strategy as the company continuously invests in research and development to enhance its solar tracking solutions, improve product performance, and reduce costs. By leveraging cutting-edge technology, Array aims to maintain a competitive edge in the evolving landscape of renewable energy.
When was Array Technologies founded?
Array Technologies was founded in 1989. Over the years, the company has grown to become a significant player in the solar energy sector, innovating its products and expanding its market reach to meet the rising demand for renewable energy solutions.
Where is Array Technologies headquartered?
Array Technologies is headquartered in Albuquerque, New Mexico, USA. This location allows the company to be strategically positioned near key markets and partners in the renewable energy sector.
Who are the key competitors of Array Technologies?
Key competitors of Array Technologies include companies like First Solar, SunPower, and Soltec, among others. These companies also manufacture solar tracking systems, solar panels, and other renewable energy solutions, each striving for innovation and market share in the growing solar industry.
What is the current price of Array Technologies, Inc. - Common Stock?
The current price of Array Technologies, Inc. - Common Stock is 4.175
When was Array Technologies, Inc. - Common Stock last traded?
The last trade of Array Technologies, Inc. - Common Stock was at 2:55 pm EDT on April 4th, 2025
What is the market capitalization of Array Technologies, Inc. - Common Stock?
The market capitalization of Array Technologies, Inc. - Common Stock is 530.20M
How many shares of Array Technologies, Inc. - Common Stock are outstanding?
Array Technologies, Inc. - Common Stock has 126.99M shares outstanding.