ARRAY Technologies announces leadership promotions to drive global growth and enhance product development in solar tracking technology.
Quiver AI Summary
ARRAY Technologies has announced the promotion of Darin Green to Global Chief Revenue Officer and Nick Strevel to Chief Product Officer, reflecting the company's focus on growth and product development. CEO Kevin G. Hostetler praised their leadership and the impact they have had on sales and product management. Green will oversee revenue generation globally, while Strevel will manage product strategy and technical sales, reinforcing the connection between market needs and the company’s product offerings. ARRAY specializes in solar tracking technology and aims to enhance energy production for solar PV projects worldwide.
Potential Positives
- The promotion of Darin Green to Global Chief Revenue Officer demonstrates the company's focus on enhancing revenue generation across global markets, which could lead to increased sales and market share.
- Nick Strevel's promotion to Chief Product Officer reflects a commitment to improving product management and aligning market requirements with the product roadmap, potentially driving innovation and customer satisfaction.
- The leadership changes indicate ARRAY's strategic approach to accelerate growth and advance product development, signaling a proactive stance in responding to market demands.
Potential Negatives
- The press release predominantly focuses on leadership promotions, which may indicate a lack of new product announcements or innovations, potentially signaling stagnation in product development.
- The forward-looking statements section acknowledges uncertainty regarding future performance, which might undermine investor confidence.
- There is no mention of specific measures or timeframes for achieving the stated goals of accelerating sales growth and advancing product development, leaving stakeholders uncertain about the company's strategic direction.
FAQ
What leadership changes were announced at ARRAY Technologies?
ARRAY Technologies announced the promotions of Darin Green to Global Chief Revenue Officer and Nick Strevel to Chief Product Officer.
How do these promotions impact ARRAY's growth strategy?
The promotions are designed to accelerate sales growth and enhance product development priorities across global markets.
Who is responsible for revenue generation at ARRAY now?
Darin Green, as the new Global Chief Revenue Officer, will oversee revenue generation across all global markets.
What areas will Nick Strevel manage at ARRAY?
Nick Strevel will manage Product Management, Technical Sales, and Applications Engineering to strengthen product capabilities.
Where can I find more information about ARRAY Technologies?
For more news and information about ARRAY, visit their website at www.arraytechinc.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ARRY Revenue
$ARRY had revenues of $393.5M in Q3 2025. This is an increase of 70.04% from the same period in the prior year.
You can track ARRY financials on Quiver Quantitative's ARRY stock page.
$ARRY Hedge Fund Activity
We have seen 164 institutional investors add shares of $ARRY stock to their portfolio, and 116 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PRICE T ROWE ASSOCIATES INC /MD/ added 4,408,016 shares (+3083.3%) to their portfolio in Q3 2025, for an estimated $35,925,330
- WELLINGTON MANAGEMENT GROUP LLP added 3,570,204 shares (+inf%) to their portfolio in Q3 2025, for an estimated $29,097,162
- ENCOMPASS CAPITAL ADVISORS LLC removed 2,839,204 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $23,139,512
- RENAISSANCE TECHNOLOGIES LLC added 2,625,400 shares (+155.6%) to their portfolio in Q3 2025, for an estimated $21,397,010
- UBS GROUP AG added 2,602,449 shares (+99.7%) to their portfolio in Q3 2025, for an estimated $21,209,959
- MORGAN STANLEY added 2,351,709 shares (+38.2%) to their portfolio in Q3 2025, for an estimated $19,166,428
- VOLORIDGE INVESTMENT MANAGEMENT, LLC added 2,072,249 shares (+1225.3%) to their portfolio in Q3 2025, for an estimated $16,888,829
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$ARRY Analyst Ratings
Wall Street analysts have issued reports on $ARRY in the last several months. We have seen 7 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- UBS issued a "Buy" rating on 11/11/2025
- Seaport Global issued a "Buy" rating on 11/10/2025
- Citigroup issued a "Buy" rating on 10/21/2025
- JP Morgan issued a "Overweight" rating on 10/16/2025
- Guggenheim issued a "Buy" rating on 10/06/2025
- Baird issued a "Outperform" rating on 09/30/2025
- Deutsche Bank issued a "Buy" rating on 09/30/2025
To track analyst ratings and price targets for $ARRY, check out Quiver Quantitative's $ARRY forecast page.
$ARRY Price Targets
Multiple analysts have issued price targets for $ARRY recently. We have seen 13 analysts offer price targets for $ARRY in the last 6 months, with a median target of $11.0.
Here are some recent targets:
- Michael Blum from Wells Fargo set a target price of $10.0 on 11/11/2025
- Jon Windham from UBS set a target price of $15.0 on 11/11/2025
- Tom Curran from Seaport Global set a target price of $12.0 on 11/10/2025
- Christine Cho from Barclays set a target price of $8.0 on 11/07/2025
- Jeffrey Osborne from TD Cowen set a target price of $10.0 on 11/06/2025
- Vikram Bagri from Citigroup set a target price of $12.5 on 10/21/2025
- Paul Coster from JP Morgan set a target price of $15.0 on 10/16/2025
Full Release
ALBUQUERQUE, N.M., Jan. 06, 2026 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a leading global provider of solar tracking technology products, software, services and foundation solutions, today announced two strategic leadership promotions that reinforce the company’s commitment to accelerating growth and advancing product development across global markets.
“Darin Green and Nick Strevel have demonstrated exceptional leadership and vision, and we are confident they will continue to deliver outstanding results in their expanded roles,” said Kevin G. Hostetler, Chief Executive Officer at ARRAY. “These appointments reflect ARRAY’s commitment to accelerate sales growth, increase share of wallet, and advance product development priorities globally.”
Darin Green has been promoted to Global Chief Revenue Officer, assuming responsibility for revenue generation across all global markets. Under Green’s leadership, North America achieved significant improvements in sales process discipline, customer engagement, and talent development, setting a new standard for consistency and performance.
Nick Strevel has been promoted to Chief Product Officer, overseeing Product Management, Technical Sales, and Applications Engineering. Over the past year, Strevel has strengthened ARRAY’s product management and marketing capabilities while driving momentum in Technical Sales, fostering a tighter alignment between market requirements and the company’s product roadmap.
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 PV sites. With solutions engineered to withstand the harshest weather conditions, ARRAY’s high-quality solar trackers, fixed-tilt systems, software platforms, foundation 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 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. 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. 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, Quarterly Report on Form-Q 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.
Media Contact
Nicole Stewart
505-589-8257
[email protected]
Investor Relations Contact
ARRAY Technologies, Inc.
Investor Relations
[email protected]