Array Technologies manufactures and sells solar tracking systems for utility-scale energy projects. These systems use mechanical components to automatically adjust the angle of solar panels throughout the day, ensuring they always face the sun to maximize energy production. Unlike some competitors, the company specializes in terrain-adaptive technology that allows trackers to function reliably on uneven ground and in diverse environmental conditions. The company's goal is to increase the efficiency and yield of renewable energy projects globally through the deployment of durable, large-scale tracking solutions.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Albuquerque, New Mexico
Founded
1992
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ARRAY opens new Albuquerque manufacturing facility with ribbon cutting ceremony. Stock score locked: want to see it? Benzinga Rankings give you vital metrics on any stock - anytime. ALBUQUERQUE, N.M., Sept. 09, 2026 (GLOBE NEWSWIRE) - ARRAY Technologies (NASDAQ:ARRY) ("ARRAY" or the "Company"), a leading global provider of solar tracking technology and fixed-tilt products, foundation and other balance-of-system solutions, software and services, today celebrated the opening of a new $50+ million manufacturing facility in Albuquerque, New Mexico. The 216,000-square-foot facility, which is roughly three times the size of ARRAY's prior Albuquerque site, significantly expands the Company's domestic manufacturing capabilities and will support approximately 300 jobs across production, assembly, design, engineering, customer service and other functions. Founded and headquartered in Albuquerque for more than 35 years, ARRAY has grown from its New Mexico roots into a global solar technology leader with more than 100 GW of tracker deployments worldwide. The new facility builds on that history, and expands ARRAY's ability to deliver benefits to customers through greater supply-chain control, shorter delivery times, lower costs, and increased flexibility. "ARRAY was founded here in Albuquerque, and manufacturing has been at the heart of our company from the beginning," said Kevin Hostetler, Chief Executive Officer of ARRAY Technologies. "This investment reflects our confidence in the future of ARRAY, our commitment to our customers and our continued belief in American solar manufacturing. By expanding what we can produce here at home, we are strengthening our supply chain, creating skilled career opportunities and building capabilities that will help us serve our customers for years to come." ARRAY commemorated the opening with a ribbon-cutting ceremony featuring remarks from U.S. Senator Martin Heinrich, Albuquerque Mayor Tim Keller, Bernalillo County Commissioner Barbara Baca, CEO of the Solar Energy Industries Association (SEIA) Gov. Tim Pawlenty, CEO of American Clean Power Association (ACP) Jason Grumet, employees, customers, suppliers and community partners. Guests toured the facility and saw firsthand the advanced manufacturing processes that will support ARRAY's growing domestic production capabilities. "Array Technologies' new $50 million facility on Albuquerque's West Side is a testament to the strength of our workforce and New Mexico's leadership in unlocking our country's clean energy future," said Sen. Martin Heinrich, Ranking Member of the U.S. Senate Energy and Natural Resources Committee. "This new facility will employ more than 300 New Mexicans and create high-skilled jobs, from welders to tooling and die technicians. It's proof that when we invest in American-made energy, we're not just building the technologies that will power our future - we're creating good-paying jobs, strengthening local economies, and helping lower electricity costs for families and small businesses. And this is just the beginning." "America needs more low-cost, reliable electricity and ARRAY's proving we can build it with American workers, American manufacturing, and American ingenuity," said Tim Pawlenty, CEO of the Solar Energy Industries Association (SEIA). "Bernalillo County is proud to be a reliable, forward-thinking partner for businesses like Array Technologies that invest in our community's future. Today's expansion shows what's possible when we work together to strengthen our local economy and create high-quality jobs," said Bernalillo County Commissioner Barbara Baca. Built around lean manufacturing principles and a culture of continuous improvement, the new facility enables ARRAY to bring production in-house for components the Company has historically sourced from outside suppliers. Several components manufactured at the facility qualify for the Section 45X Advanced Manufacturing Production Tax Credit, which supports continued investment in U.S. manufacturing and helps domestically produced components remain cost competitive with imports. The campus will also expand opportunities for skilled manufacturing careers in Albuquerque, including roles such as stamping press operators, tooling and die technicians, and process engineers. The facility was supported through a public-private partnership that includes $2.5 million from New Mexico's Local Economic Development Act (LEDA) job-creation fund, as well as $250,000 each in LEDA funding from the City of Albuquerque and Bernalillo County and partial property-tax abatement through an Industrial Revenue Bond. The LEED-certified building is designed to support ARRAY's current manufacturing needs while providing capacity for future growth across the Company's broader portfolio. About ARRAY Technologies ARRAY Technologies (NASDAQ:ARRY) is a leading global provider of solar tracking technology and fixed-tilt systems to utility-scale and distributed generation customers who construct, develop, and operate solar photovoltaic sites. With solutions engineered to withstand harsh weather conditions, ARRAY's high-quality solar trackers, fixed-tilt systems, software platforms, foundation and other balance-of-system solutions, and field services combine to maximize energy production and deliver value to our customers for the entire lifecycle of a project. Founded and headquartered in the United States, ARRAY is rooted in manufacturing and driven by technology - relying on its domestic manufacturing, diversified global supply chain, and customer-centric approach to design, deliver, commission, train, and support solar energy deployment around the world. For more news and information on ARRAY, please visit www.arraytechinc.com. Forward-Looking Statement This press release contains forward-looking statements. These statements are not historical facts but rather are based on the Company's current expectations and projections regarding its business, operations and other factors relating thereto. Words such as "may," "will," "could," "would," "should," "anticipate," "predict," "potential," "continue," "expects," "intends," "plans," "projects," "believes," "estimates" and similar expressions are used to identify these forward-looking statements. Forward-looking statements include, without limitation, statements regarding the expected number of jobs to be supported by the new Albuquerque manufacturing facility; the anticipated benefits to customers from expanded domestic manufacturing capabilities; the Company's ability to expand in-house production capabilities over time across its broader product portfolio; the eligibility of components manufactured at the facility for the Section 45X Advanced Manufacturing Production Tax Credit and the anticipated benefits of that credit to the competitiveness of the Company's domestically produced components; and the Company's business strategy and growth prospects. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. These risks, uncertainties, and assumptions include, without limitation, the Company's ability to ramp production at the new facility on the anticipated timeline; actual job creation that may differ from current estimates; changes in government policy or incentives supporting domestic manufacturing, including the availability or terms of the Section 45X Advanced Manufacturing Production Tax Credit; volatility in steel and other commodity prices and the availability of components and raw materials; macroeconomic conditions, trade policy changes, or supply chain disruptions affecting the Company's manufacturing operations; and the Company's ability to expand its domestic production capabilities as currently planned. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors. Forward-looking statements should be evaluated together with the risks and uncertainties that affect our business and operations, particularly those described in more detail in the Company's most recent Annual Report on Form 10-K and other documents on file with the SEC, each of which can be found on our website www.arraytechinc.com. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Investor Relations Contact ARRAY Technologies Investor Relations [email protected] Posted In:
ARRAY opens new Albuquerque manufacturing facility with ribbon cutting ceremony. The 216,000 square foot facility represents a significant advancement for domestic manufacturing of American solar technology. ALBUQUERQUE, N.M., Sept. 09, 2026 (GLOBE NEWSWIRE) - ARRAY Technologies (NASDAQ: ARRY) ("ARRAY" or the "Company"), a leading global provider of solar tracking technology and fixed-tilt products, foundation and other balance-of-system solutions, software and services, today celebrated the opening of a new $50+ million manufacturing facility in Albuquerque, New Mexico. The 216,000-square-foot facility, which is roughly three times the size of ARRAY's prior Albuquerque site, significantly expands the Company's domestic manufacturing capabilities and will support approximately 300 jobs across production, assembly, design, engineering, customer service and other functions. Founded and headquartered in Albuquerque for more than 35 years, ARRAY has grown from its New Mexico roots into a global solar technology leader with more than 100 GW of tracker deployments worldwide. The new facility builds on that history, and expands ARRAY's ability to deliver benefits to customers through greater supply-chain control, shorter delivery times, lower costs, and increased flexibility. "ARRAY was founded here in Albuquerque, and manufacturing has been at the heart of our company from the beginning," said Kevin Hostetler, Chief Executive Officer of ARRAY Technologies. "This investment reflects our confidence in the future of ARRAY, our commitment to our customers and our continued belief in American solar manufacturing. By expanding what we can produce here at home, we are strengthening our supply chain, creating skilled career opportunities and building capabilities that will help us serve our customers for years to come." ARRAY commemorated the opening with a ribbon-cutting ceremony featuring remarks from U.S. Senator Martin Heinrich, Albuquerque Mayor Tim Keller, Bernalillo County Commissioner Barbara Baca, CEO of the Solar Energy Industries Association (SEIA) Gov. Tim Pawlenty, CEO of American Clean Power Association (ACP) Jason Grumet, employees, customers, suppliers and community partners. Guests toured the facility and saw firsthand the advanced manufacturing processes that will support ARRAY's growing domestic production capabilities. "Array Technologies' new $50 million facility on Albuquerque's West Side is a testament to the strength of our workforce and New Mexico's leadership in unlocking our country's clean energy future," said Sen. Martin Heinrich, Ranking Member of the U.S. Senate Energy and Natural Resources Committee. "This new facility will employ more than 300 New Mexicans and create high-skilled jobs, from welders to tooling and die technicians. It's proof that when we invest in American-made energy, we're not just building the technologies that will power our future - we're creating good-paying jobs, strengthening local economies, and helping lower electricity costs for families and small businesses. And this is just the beginning." "America needs more low-cost, reliable electricity and ARRAY's proving we can build it with American workers, American manufacturing, and American ingenuity," said Tim Pawlenty, CEO of the Solar Energy Industries Association (SEIA). "Bernalillo County is proud to be a reliable, forward-thinking partner for businesses like Array Technologies that invest in our community's future. Today's expansion shows what's possible when we work together to strengthen our local economy and create high-quality jobs," said Bernalillo County Commissioner Barbara Baca. Built around lean manufacturing principles and a culture of continuous improvement, the new facility enables ARRAY to bring production in-house for components the Company has historically sourced from outside suppliers. Several components manufactured at the facility qualify for the Section 45X Advanced Manufacturing Production Tax Credit, which supports continued investment in U.S. manufacturing and helps domestically produced components remain cost competitive with imports. The campus will also expand opportunities for skilled manufacturing careers in Albuquerque, including roles such as stamping press operators, tooling and die technicians, and process engineers. The facility was supported through a public-private partnership that includes $2.5 million from New Mexico's Local Economic Development Act (LEDA) job-creation fund, as well as $250,000 each in LEDA funding from the City of Albuquerque and Bernalillo County and partial property-tax abatement through an Industrial Revenue Bond. The LEED-certified building is designed to support ARRAY's current manufacturing needs while providing capacity for future growth across the Company's broader portfolio. About ARRAY Technologies ARRAY Technologies (NASDAQ: ARRY) is a leading global provider of solar tracking technology and fixed-tilt systems to utility-scale and distributed generation customers who construct, develop, and operate solar photovoltaic sites. With solutions engineered to withstand harsh weather conditions, ARRAY's high-quality solar trackers, fixed-tilt systems, software platforms, foundation and other balance-of-system solutions, and field services combine to maximize energy production and deliver value to our customers for the entire lifecycle of a project. Founded and headquartered in the United States, ARRAY is rooted in manufacturing and driven by technology - relying on its domestic manufacturing, diversified global supply chain, and customer-centric approach to design, deliver, commission, train, and support solar energy deployment around the world. For more news and information on ARRAY, please visit www.arraytechinc.com. Forward-Looking Statement This press release contains forward-looking statements. These statements are not historical facts but rather are based on the Company's current expectations and projections regarding its business, operations and other factors relating thereto. Words such as "may," "will," "could," "would," "should," "anticipate," "predict," "potential," "continue," "expects," "intends," "plans," "projects," "believes," "estimates" and similar expressions are used to identify these forward-looking statements. Forward-looking statements include, without limitation, statements regarding the expected number of jobs to be supported by the new Albuquerque manufacturing facility; the anticipated benefits to customers from expanded domestic manufacturing capabilities; the Company's ability to expand in-house production capabilities over time across its broader product portfolio; the eligibility of components manufactured at the facility for the Section 45X Advanced Manufacturing Production Tax Credit and the anticipated benefits of that credit to the competitiveness of the Company's domestically produced components; and the Company's business strategy and growth prospects. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. These risks, uncertainties, and assumptions include, without limitation, the Company's ability to ramp production at the new facility on the anticipated timeline; actual job creation that may differ from current estimates; changes in government policy or incentives supporting domestic manufacturing, including the availability or terms of the Section 45X Advanced Manufacturing Production Tax Credit; volatility in steel and other commodity prices and the availability of components and raw materials; macroeconomic conditions, trade policy changes, or supply chain disruptions affecting the Company's manufacturing operations; and the Company's ability to expand its domestic production capabilities as currently planned. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors. Forward-looking statements should be evaluated together with the risks and uncertainties that affect our business and operations, particularly those described in more detail in the Company's most recent Annual Report on Form 10-K and other documents on file with the SEC, each of which can be found on our website www.arraytechinc.com. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Investor Relations Contact ARRAY Technologies Investor Relations [email protected]
Array Technologies surpasses 100 GW milestone, reports record $2.5 billion order book in Q2. Utility-scale solar tracking giant Array Technologies posted $342.1 million in second-quarter revenue and reached a company-record $2.5 billion order backlog, prompting the manufacturer to bump up its full-year profitability outlook while surpassing 100 GW in cumulative global shipments. Aug 06 2026 Utility-scale solar tracker provider Array Technologies reported $342.1 million in second-quarter 2026 revenue, rebounding 53% sequentially from the first quarter while reaching a record $2.5 billion order book. The Albuquerque, New Mexico-based company also marked a major operational milestone during the period, surpassing 100 GW of cumulative tracker shipments delivered worldwide since its founding. The quarterly performance was anchored by $500 million in new order bookings, driving a trailing twelve-month book-to-bill ratio of 1.5x. Strong customer demand and execution across product lines prompted management to raise full-year profitability metrics while reconfirming top-line guidance. Second-quarter financial results Array posted net income to common stockholders of $8.4 million, or $0.05 per diluted share, for the quarter ended June 30, 2026. On an adjusted basis, diluted earnings per share landed at $0.24, significantly above the prior quarter's performance. Gross margin for the quarter came in at 29.1%, while adjusted gross margin reached 30.8%. The company generated $63.3 million in adjusted EBITDA, representing an 18.5% margin, driven by favorable domestic shipment mix, operational cost discipline, and benefits under Section 45X advanced manufacturing tax credits. Product pipeline and strategic expansion Array continued to expand its balance-of-system portfolio through both hardware innovation and mergers and acquisitions. During the quarter, the manufacturer formally launched its DuraTrack D2S tracker for international markets and introduced its next-generation OmniTrack system, engineered to accommodate up to 2 degrees of slope change between adjacent posts to simplify terrain handling. Following the end of the quarter, the company unveiled its new 60-degree tracker tilt capability alongside the Array Atlas suite of integrated foundation-to-tracker solutions. Newer product offerings launched since 2023 now represent approximately half of Array's active order backlog. The company also highlighted its pending acquisition of Affordable Wire Management (AWM), a provider of specialized cable management and safety equipment. Management frames the transaction as a key addition to its balance-of-system offerings, providing high-margin adjacencies across utility-scale solar, battery energy storage systems, and data center energy projects. Updated full-year 2026 guidance Buoyed by first-half performance, Array bumped up its full-year profitability projections. The company now expects consolidated adjusted gross margins of 27% to 28% for the full year 2026, up 100 basis points from previous expectations. Full-year adjusted EBITDA is now projected between $210 million and $230 million, compared to the prior range of $200 million to $230 million. Adjusted net income per share was raised to a range of $0.68 to $0.75, up from $0.65 to $0.75 previously. Full-year 2026 revenue guidance was reaffirmed at $1.4 billion to $1.5 billion. For the third quarter of 2026, Array projects revenue between $310 million and $330 million, reflecting near-term project pacing related to customer site readiness and permitting timelines before activity accelerates into the fourth quarter. This content is protected by copyright and may not be reused. If you want to cooperate with PV Magazine Group and would like to reuse some of its content, please contact: [email protected]. More about
Array Technologies reported second-quarter revenue of $342.1 million, beating analyst estimates of $313.8 million despite a 5.6% year-on-year decline. The solar tracking systems manufacturer also exceeded expectations with adjusted earnings per share of $0.24, compared to analyst estimates of $0.12. However, the company's third-quarter revenue guidance of $320 million fell 32% below analyst expectations. Array reconfirmed its full-year revenue guidance of $1.45 billion at the midpoint whilst raising its full-year adjusted earnings per share guidance to $0.72. Chief executive Kevin Hostetler highlighted the company's record orderbook of $2.5 billion and recent product launches, including DuraTrack D2S and next-generation OmniTrack offerings. The company also announced its pending acquisition of Affordable Wire Management to expand its balance of system strategy.
ARRAY Technologies Launches Atlas Foundation-to-Tracker Solutions for solar projects. Published: 03 Aug 2026 ARRAY Technologies Launches Atlas(TM), Expanding Product Portfolio with Suite of Foundation-to-Tracker Solutions to Deliver Optimized System Performance from the Ground Up ARRAY Technologies, Inc., a Novel Mexico-based leading worldwide provider of tracking solutions and fixed-tilt products, foundation services, software systems and services, today announced an expansion of its product portfolio with the launch of ARRAY Atlas(TM), a new suite of foundation-to-tracker solutions designed exclusively for ARRAY trackers and APA foundations to enhance their technical interoperability. Across standard and challenging sites alike, the interface between foundation and tracker has historically been fragmented, hardware-heavy, and never engineered as an integrated part of the tracker system. This includes traditional steel W-beams, the current standard for most utility-scale solar piles and foundation-to-tracker interfaces, which can create unnecessary cost and execution challenges through volatile commodity pricing, limited sourcing flexibility, and installation complexity. Designed from the ground up, the Atlas suite reimagines the connection between APA foundation and ARRAY tracker, giving customers greater installation flexibility, procurement resilience, wire management readiness, and project certainty across virtually any soil condition. As an engineered alternative to existing foundation approaches, Atlas provides a cost-competitive and optimized solution to service the tracker foundation market, which exceeds $1B annually. "For decades, developers have relied on commodity steel piles that were never engineered as part of the tracker system," said Josh Von Deylen, Chief Executive Officer of APA Solar, an ARRAY company. "Atlas changes that by bringing the foundation and tracker interface together in a purpose-built solution that helps customers install faster, source more efficiently, and execute projects with greater confidence." Atlas is available in two configurations built around a common caused bearing housing platform to allow consumers to pair the right foundation services for their site while maintaining a consistent tracker interface overhead grade: Atlas I is intended for standard soil conditions, connecting driven foundations to the tracker via an adaptable rolled steel C-channel and bearing interface, which provides consumers: * Increased design and field flexibility to precise minor driving variation in height via vertical C-channel management. * Enhanced procurement resiliency by lowering or removing steel beam in favor of roll-formed steel mechanisms. * Reduced deformation challenges by shortening the ambitious foundation and separating it from the trailer interface Atlas II is intended for challenging soil conditions, connecting engineered foundations with a dual-leg interface and bearing interface, which provides consumers: * Advanced installation effectiveness via an integrated design with fewer connection points and a 70% reduction in component count compared to APA A-Frame. * Improved adaptability for design and on-site conditions, involving enhanced vertical and East/West adjustability, helping sites with diverse topography. * As utility-scale solar projects continue to scale in size while labor availability, procurement challenges, and schedule pressures rise, developers are looking for integrated services that streamline construction and lessen execution challenges. The launch of Atlas represents another milestone following ARRAY's acquisition of APA Solar, a premier solar racking and foundations services provider, in 2025. By integrating ARRAY's leadership in solar tracking with APA's expertise in foundation engineering, the organizations are accelerating the advancement of integrated services that simplify project execution from the ground up. According to Towards Healthcare, the track and trace solution market is projected to experience significant growth, with estimates suggesting the market size will increase from USD 9.91 billion in 2026 to approximately USD 47.24 billion by 2035, representing a compound annual growth rate (CAGR) of 18.95% from 2026 to 2035, driven by a track and trace services provides real-time visibility, regulatory compliance, and effective recall management in the supply chain. These technologies use tools such as barcodes, RFID tags, and GPS to monitor products from the factory to the final consumer. About ARRAY Technologies. ARRAY Technologies is a leading worldwide provider of solar tracking technology and fixed-tilt technology to utility-scale and distributed generation consumers who construct, advance, and operate solar photovoltaic sites. With services engineered to withstand harsh weather circumstances, ARRAY's high-quality solar trackers, fixed-tilt technology, software platforms, foundation services, and field services integrate to maximize energy manufacturing and deliver value to consumers for the entire lifecycle of a project. Founded and headquartered in the United States, ARRAY is rooted in production and driven by technology, relying on its domestic manufacturing, diversified worldwide supply chain, and customer-centric strategy to design, deliver, commission, train, and support solar energy deployment around the biosphere. A recent report by Towards Healthcare highlights that the track and trace solution market is growing, as these services reduce downtime, increase throughput, and improve control over product program and security. A track and trace system begins at the packaging line. As products shift through the production line, they are labeled with particular codes, which may be 1D barcodes, 2D Data Matrix codes, or serialized numbers. These are captured using machine vision cameras or scanners, verified against a central database, and then related to other packaging levels via an aggregation process. The track and trace system is its capability to verify product authenticity. With serialization and aggregation, counterfeiters face enormous trouble replicating unaffected products.