ARRAY Technologies has launched ARRAY Atlas™, a new foundation-to-tracker solution enhancing integration and efficiency in solar projects.
Quiver AI Summary
ARRAY Technologies, Inc. has launched a new product line called ARRAY Atlas™, a suite of foundation-to-tracker solutions specifically designed to enhance the integration between ARRAY’s solar trackers and APA foundations. This innovative product addresses historical issues with conventional foundation-tracker interfaces, which have been fragmented and challenging to manage. The Atlas suite offers two configurations: Atlas I for standard soil conditions and Atlas II for challenging conditions, both aimed at improving installation efficiency, procurement flexibility, and reducing project execution risk. The introduction of Atlas reflects ARRAY's commitment to simplifying large-scale solar project implementations and follows the recent acquisition of APA Solar. This move is expected to significantly advance the development of integrated solar solutions, benefiting developers facing increasing project complexities.
Potential Positives
- ARRAY Technologies has launched a new suite of foundation-to-tracker solutions, ARRAY Atlas™, enhancing product offerings and showcasing innovation in the solar industry.
- The Atlas suite is designed to improve installation efficiency and procurement resilience, addressing common challenges in solar project execution, which can lead to increased customer satisfaction.
- This product expansion is a strategic milestone following the acquisition of APA Solar, indicating continued growth and integration of capabilities within the company.
- By engineering an integrated solution for solar foundations and trackers, ARRAY positions itself to capitalize on a market that exceeds $1 billion annually, potentially increasing its market share and revenue opportunities.
Potential Negatives
- The press release heavily emphasizes the benefits of the new product, yet offers no concrete evidence or data to back up claims about its competitive advantages, which could lead to skepticism among potential customers.
- The reliance on forward-looking statements highlights uncertainties regarding the product's adoption and performance, potentially concerning stakeholders about the company's future viability.
- There is an implied risk associated with the integration of new solutions post-acquisition of APA Solar, as any delays or failures could negatively impact customer satisfaction and overall project execution.
FAQ
What is ARRAY Atlas™?
ARRAY Atlas™ is a new suite of foundation-to-tracker solutions designed for ARRAY trackers and APA foundations to enhance interoperability.
How does ARRAY Atlas improve installation efficiency?
ARRAY Atlas offers better installation efficiency with integrated design features and fewer connection points, reducing component count by 70%.
What are the benefits of using ARRAY Atlas for solar projects?
Benefits include greater installation flexibility, procurement resilience, and reduced execution risks across various soil conditions.
What type of soil conditions does Atlas I and II cater to?
Atlas I is designed for standard soil conditions, while Atlas II caters to challenging soil conditions with engineered foundation options.
How does ARRAY support solar energy deployment?
ARRAY combines solar tracking and foundation engineering expertise to simplify project execution and maximize energy production for solar installations.
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 $223.4M in Q1 2026. This is a decrease of -26.11% from the same period in the prior year.
You can track ARRY financials on Quiver Quantitative's ARRY stock page.
You can access data on ARRY stock through the Quiver Quantitative API.
$ARRY Hedge Fund Activity
We have seen 113 institutional investors add shares of $ARRY stock to their portfolio, and 136 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- POINT72 ASSET MANAGEMENT, L.P. removed 6,634,843 shares (-87.9%) from their portfolio in Q1 2026, for an estimated $47,969,914
- WELLINGTON MANAGEMENT GROUP LLP added 5,782,216 shares (+inf%) to their portfolio in Q1 2026, for an estimated $41,805,421
- BLACKROCK, INC. added 5,781,571 shares (+24.7%) to their portfolio in Q1 2026, for an estimated $41,800,758
- PRICE T ROWE ASSOCIATES INC /MD/ removed 3,987,139 shares (-84.3%) from their portfolio in Q1 2026, for an estimated $28,827,014
- GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC added 2,672,400 shares (+32.3%) to their portfolio in Q1 2026, for an estimated $19,321,452
- ELECTRON CAPITAL PARTNERS, LLC removed 2,244,489 shares (-85.0%) from their portfolio in Q1 2026, for an estimated $16,227,655
- RENAISSANCE TECHNOLOGIES LLC removed 2,026,900 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $14,654,487
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$ARRY Analyst Ratings
Wall Street analysts have issued reports on $ARRY in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- JP Morgan issued a "Overweight" rating on 05/07/2026
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 10 analysts offer price targets for $ARRY in the last 6 months, with a median target of $9.5.
Here are some recent targets:
- Mark Strouse from JP Morgan set a target price of $10.0 on 05/07/2026
- Jon Windham from UBS set a target price of $11.0 on 05/07/2026
- Vikram Bagri from Citigroup set a target price of $12.0 on 04/21/2026
- Biju Perincheril from Susquehanna set a target price of $8.0 on 04/09/2026
- Christine Cho from Barclays set a target price of $8.0 on 04/07/2026
- 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
Full Release
ALBUQUERQUE, N.M., July 29, 2026 (GLOBE NEWSWIRE) -- ARRAY Technologies, Inc. (NASDAQ: ARRY) (“ARRAY” or the “Company”), a New Mexico-based leading global provider of tracking technology and fixed-tilt products, foundation solutions, software systems and services, today announced an expansion of its product portfolio with launch of ARRAY Atlas™, 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 1 .
"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."
ARRAY Atlas I (left) and Atlas II (right), a new suite of foundation-to-tracker solutions designed exclusively for ARRAY trackers and APA foundations
Atlas is available in two configurations built around a common engineered bearing housing platform to enable customers to pair the right foundation solution for their site while maintaining a consistent tracker interface above grade:
Atlas I is designed for standard soil conditions, connecting driven foundations (a shortened W-beam or sigma pile) to the tracker through an adjustable rolled steel C-channel and bearing interface, which offers customers:
- Greater design and field flexibility to correct minor driving variation in height through vertical C-channel adjustment
- Improved procurement resiliency by reducing or eliminating steel beam in favor of roll-formed steel components
-
Reduced deformation risk
by shortening the driven foundation and separating it from the tracker interface
Atlas II is designed for challenging soil conditions, connecting engineered foundations (helical piles or ground screws) with a dual-leg interface and bearing interface, which offers customers:
- Better installation efficiency through an integrated design with fewer connection points and a 70% reduction in component count compared to APA A-Frame®
-
Enhanced adaptability for design and on-site conditions,
including improved vertical and East/West adjustability, supporting sites with varied topography
As utility-scale solar projects continue to scale in size while labor availability, procurement complexity, and schedule pressures increase, developers are looking for integrated solutions that simplify construction and reduce execution risk.
The launch of Atlas represents another milestone following ARRAY's acquisition of APA Solar, a premier solar racking and foundations solutions provider, in 2025. By combining ARRAY's leadership in solar tracking with APA's expertise in foundation engineering, the companies are accelerating the development of integrated solutions that simplify project execution from the ground up.
For more information or to discuss project inquiries, please contact the APA sales team at [email protected] or 419-267-5280.
For more information on ARRAY Atlas, visit https://arraytechinc.com/products/atlas
(1) Based on Wood Mackenzie Global Solar Tracker Landscape H1 2026 Report and company estimates
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 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 performance, availability, pricing, and market adoption of ARRAY Atlas™ and the Company's other recently launched products; the anticipated benefits of the Atlas suite to customers, including installation speed and efficiency, procurement resilience and sourcing flexibility, design and field adjustability, reduced component counts, and reduced execution risk; the Company's estimates regarding the size of its total addressable market and the anticipated expansion of that market through foundation-to-tracker solutions; the anticipated benefits of the Company's acquisition of APA Solar, including the integration of ARRAY's tracking technology with APA Solar's foundation engineering capabilities and the development of additional integrated solutions; the Company's ability to continue to grow its global installed base and expand into new markets; the Company's expectations regarding continued demand for solar energy and utility-scale solar deployment, including trends in project scale, labor availability, procurement complexity, and construction schedules; 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, changes in demand for utility-scale solar projects domestically and internationally; customer acceptance and rate of adoption of new products, including Atlas; delays in product availability or shipment; actual field, installation, and cost performance of the Company's products that may differ from modeled or anticipated results, including in varied soil and site conditions; the Company's ability to realize the anticipated benefits of the APA Solar acquisition on the expected timeline or at all; the accuracy of the Company's estimates regarding its total addressable market; 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 operations; changes in government policy or incentives supporting solar energy deployment; and reliance on third-party partners to perform their respective roles on schedule and to specification. 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
Media Contact:
Steven Kirsch
+1 505-738-6923
[email protected]
Investor Relations Contact:
ARRAY Technologies
Investor Relations
[email protected]
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fe78dfcf-bff0-4e85-9fa0-fb92685e2296