ARRAY Technologies expands its Board by appointing Emily Cohen and Carolyne Murff as independent directors.
Quiver AI Summary
ARRAY Technologies announced an expansion of its Board of Directors by appointing Emily Cohen and Carolyne Murff as independent members, bringing the total number of directors to ten, with nine being independent. Ms. Cohen, who has over 20 years of clean energy experience, is the Chief Commercial Officer of Primergy Solar, while Ms. Murff, with over 30 years in the energy industry, is the CEO of Clearlight Energy. Cohen will serve on the Nominating and Corporate Governance Committee, and Murff will join the Audit Committee. The Chairman of ARRAY expressed enthusiasm about their expertise and contributions to the company as it continues to grow and enhance operational performance.
Potential Positives
- The appointment of Emily Cohen and Carolyne Murff to the Board of Directors brings significant experience in the renewable energy sector, enhancing the company's leadership capabilities and strategic direction.
- The Board now has a majority of independent directors, which can improve corporate governance and build investor confidence.
- The diverse backgrounds of the new board members may provide valuable insights and industry relationships that can aid in advancing ARRAY's growth strategy and operational performance.
Potential Negatives
- The increase in board size suggests potential governance issues within the company that may require additional oversight or expertise.
- The appointment of two new directors, while beneficial, raises questions about the effectiveness of the existing board and whether it was lacking in necessary skills or diversity prior to this change.
- There is a reliance on forward-looking statements, which indicates uncertainty regarding future performance and potential risks that could negatively impact stakeholders.
FAQ
Who were the new appointments to ARRAY's Board of Directors?
Emily Cohen and Carolyne Murff were appointed as independent directors on ARRAY's Board.
What are the terms of the newly appointed directors?
Ms. Murff's term expires at the 2027 Annual Meeting, while Ms. Cohen's term expires at the 2028 Annual Meeting.
What committees will the new directors serve on?
Ms. Murff will serve on the Audit Committee, and Ms. Cohen will be part of the Nominating and Corporate Governance Committee.
What is ARRAY Technologies known for?
ARRAY Technologies is a leading provider of solar tracking technology and solutions for utility-scale solar projects.
How can I learn more about ARRAY Technologies?
More information can be found on ARRAY's official 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 $226M in Q4 2025. This is a decrease of -17.87% 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 141 institutional investors add shares of $ARRY stock to their portfolio, and 182 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- POINT72 ASSET MANAGEMENT, L.P. added 7,547,693 shares (+inf%) to their portfolio in Q4 2025, for an estimated $69,589,729
- WELLINGTON MANAGEMENT GROUP LLP removed 3,570,204 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $32,917,280
- BNP PARIBAS FINANCIAL MARKETS removed 2,992,841 shares (-75.0%) from their portfolio in Q4 2025, for an estimated $27,593,994
- 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 removed 2,286,300 shares (-53.0%) from their portfolio in Q4 2025, for an estimated $21,079,686
- PECONIC PARTNERS LLC removed 2,130,783 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $19,645,819
- ASSENAGON ASSET MANAGEMENT S.A. removed 1,959,384 shares (-42.3%) from their portfolio in Q4 2025, for an estimated $18,065,520
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 8 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- TD Cowen issued a "Buy" rating on 01/09/2026
- 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
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 14 analysts offer price targets for $ARRY in the last 6 months, with a median target of $11.0.
Here are some recent targets:
- Andrew Percoco from Morgan Stanley set a target price of $7.0 on 03/02/2026
- Corinne Blanchard from Deutsche Bank set a target price of $9.0 on 02/26/2026
- Christopher Dendrinos from RBC Capital set a target price of $9.0 on 02/26/2026
- Colin Rusch from Oppenheimer set a target price of $11.0 on 02/26/2026
- Paul Coster from JP Morgan set a target price of $11.0 on 02/26/2026
- Christine Cho from Barclays set a target price of $9.0 on 01/14/2026
- Jeffrey Osborne from TD Cowen set a target price of $12.0 on 01/09/2026
Full Release
ALBUQUERQUE, N.M., March 19, 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, announced that today, its Board of Directors (the “Board”) increased its size to provide for two additional directors and appointed Emily Cohen and Carolyne Murff to serve as independent members of the Company’s Board, effective immediately.
The Board is now comprised of ten directors, of which nine are independent with the additions of Ms. Cohen and Ms. Murff. Ms. Murff was appointed as a Class I director, for a term that expires at the Company’s 2027 Annual Meeting of Stockholders, and Ms. Cohen was appointed as a Class II director, for a term that expires at the Company’s 2028 Annual Meeting of Stockholders. Ms. Murff will serve as a member of the Audit Committee of the Board, and Ms. Cohen will serve as a member of the Nominating and Corporate Governance Committee of the Board.
Ms. Cohen has over 20 years of experience in the clean energy industry, with experience developing projects from concept to operation. Ms. Cohen serves as Chief Commercial Officer of Primergy Solar (“Primergy”), a full-service energy developer, owner, and operator focused on deploying utility-scale solar photovoltaic and battery energy storage projects across the United States, and previously served as Primergy’s Chief Development Officer. Ms. Cohen holds a Bachelor of Arts in Political Science: Public Policy Focus from The George Washington University.
Ms. Murff has worked in the energy industry for over 30 years, including over 20 years at the LS Power group, where she oversaw the operations and commercial activities of their power generation portfolio including renewable power generation. Since January 2026, Ms. Murff has served as Chief Executive Officer of Clearlight Energy, an LS Power portfolio company that develops, owns, and operates wind, solar, battery energy storage, and natural gas projects across the United States and Canada. She previously served as the Chief Operating Officer of REV Renewables, an LS Power portfolio company. Ms. Murff has also served on the board of directors of several private renewable energy companies. Ms. Murff holds a Bachelor of Science in Mechanical Engineering from Texas A&M University.
“We are thrilled to welcome Emily and Carolyne to ARRAY’s Board,” said Brad Forth, Chairman of ARRAY. “They are proven leaders with deep renewable energy expertise and a track record of delivering results for their organizations. We look forward to benefiting from their strategic perspectives, disciplined governance, and industry relationships as we continue advancing our growth strategy, strengthening our operational performance, and delivering long-term value for our stakeholders.”
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 optimize 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, corporate governance, 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
Steven Kirsch
505-738-6923
[email protected]
Investor Relations Contact
ARRAY Technologies, Inc.
Investor Relations
[email protected]
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