ARRAY Technologies surpassed 100 GW in solar tracker deliveries, highlighting growth and innovation in the global solar industry.
Quiver AI Summary
ARRAY Technologies, Inc., a leading provider of solar tracking technology, has announced a significant achievement of surpassing 100 GW of solar tracker product deliveries in over 30 countries. CEO Kevin Hostetler highlighted this milestone as a reflection of the growth within the global solar industry, emphasizing ARRAY's commitment to domestic manufacturing and reshoring of solar supply chains. The company continues to innovate with new products, including the ARRAY OmniTrack and ARRAY DuraTrack with Skylink systems, and has advanced its software offerings like SmarTrack. Founded in 1989 and headquartered in New Mexico, ARRAY has made notable strides in the renewable energy sector, driving jobs and technological advancements in clean energy. Senator Martin Heinrich praised the company for its role in promoting American clean energy manufacturing and lowering electricity costs. For more details, visit ARRAY's website.
Potential Positives
- ARRAY Technologies has achieved a significant milestone by surpassing 100 GW of solar tracker product deliveries across over 30 countries, reinforcing its position as a global leader in solar tracking technology.
- The company’s commitment to domestic manufacturing and reshoring of solar supply chains supports local job creation and contributes positively to the U.S. economy.
- ARRAY continues to innovate with advancements like the ARRAY OmniTrack® and SmarTrack®, enhancing its product offerings and addressing new market demands.
- Positive recognition from U.S. Senator Martin Heinrich highlights ARRAY's impact on clean energy manufacturing and its contribution to lowering electricity costs in New Mexico and beyond.
Potential Negatives
- The press release relies heavily on forward-looking statements, which carry inherent risks and uncertainties that could lead to actual performance differing significantly from projections, potentially impacting investor confidence.
- There is an acknowledgment of potential challenges such as demand changes, product delays, and performance discrepancies, which may undermine optimism presented in the release.
- The focus on significant milestones and innovations may mask underlying issues or limitations in their existing product lines or market strategy that are not addressed in the release.
FAQ
What milestone did ARRAY Technologies recently achieve?
ARRAY Technologies surpassed 100 GW of solar tracker product deliveries across more than 30 countries worldwide.
How is ARRAY Technologies contributing to local manufacturing?
ARRAY supports investment in domestic manufacturing and reshoring of solar supply chains, boosting local job creation in New Mexico.
What are the key innovations from ARRAY Technologies?
Innovations include the ARRAY OmniTrack®, Skylink™ system, and HailXP™, enhancing solar tracker performance and durability.
When was ARRAY Technologies founded?
ARRAY Technologies was founded in 1989 and officially established in 1992 by Ron Corio.
How can I learn more about ARRAY Technologies?
Visit www.arraytechinc.com for more information about ARRAY's solar tracking solutions and company updates.
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 129 institutional investors add shares of $ARRY stock to their portfolio, and 190 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
- PECONIC PARTNERS LLC removed 2,130,783 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $19,645,819
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 2 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
- TD Cowen issued a "Buy" rating on 01/09/2026
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 11 analysts offer price targets for $ARRY in the last 6 months, with a median target of $10.0.
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., June 11, 2026 (GLOBE NEWSWIRE) -- ARRAY Technologies, Inc. (NASDAQ: ARRY) (“ARRAY” or the “Company”), a New Mexico-based leading global provider of solar tracking technology and fixed-tilt products, foundation solutions, software systems and services, announced today that it has reached a substantial milestone, surpassing 100 GW of solar tracker product deliveries across 30+ countries worldwide.
“Surpassing 100 GW of tracker products delivered worldwide is a significant milestone not just for ARRAY, but for the continued growth and maturation of the global solar industry,” said Kevin Hostetler, CEO of ARRAY. “It’s not just about this achievement, but how we’ve done it — I am incredibly proud that ARRAY’s growth has continued to support investment in domestic manufacturing and reshoring of solar supply chains. During this pivotal time of skyrocketing energy demand, ARRAY will continue working with our customers to deliver solutions that accelerate the deployment of solar, one of the fastest to deploy and lowest cost forms of new energy, to meet the growing need for affordable and reliable electricity in the U.S. and international markets.”
Most recently, the Company has continued to innovate on its trusted ARRAY DuraTrack ® tracker system through several industry-leading product advancements, including the launch of ARRAY OmniTrack ® , a rugged terrain-following solution, ARRAY DuraTrack with Skylink ™ , a photovoltaic -powered, wireless, all-weather system, and ARRAY Duratrack HailXP ™ , designed to offer extreme protection for hail mitigation. ARRAY also continues to advance its software and services offerings, including SmarTrack ® , the data platform for ARRAY’s range of software and control-based products designed for utility-scale solar sites that seamlessly integrates with our cloud services to help enhance energy production and manage weather risk.
This progress is a result of numerous achievements throughout ARRAY’s history which began in 1989 with founder Ron Corio’s development of one of the first solar trackers and the official establishment of ARRAY Technologies in 1992.
Over the company’s history, ARRAY has celebrated notable accomplishments, including:
- Delivering its first major utility-scale project in Alamosa, Colorado in 2006
- Surpassing 1 GW of tracker shipments in 2012
- Continuing global expansion with offices established in Europe, Central and South America, and Australia starting in 2017
- Executing ARRAY’s IPO in 2020, one of the largest U.S. renewable energy IPOs of its time
- Strengthening ARRAY’s position as a global market leader through the strategic acquisition of STI Norland, a leading European solar tracker manufacturer with operations in Latin America, in 2021
- Breaking ground on a new $50+ million, 216,000-square-foot manufacturing and innovation campus in Albuquerque, New Mexico in 2024
- Delivering solar trackers meeting 100% domestic content Assigned Cost Percentage under U.S. Treasury Department guidance in 2025
- Completing the successful acquisition of APA Solar , LLC (“APA”) , a premier solar racking and structural solutions provider in 2025
“Albuquerque-based ARRAY Technologies’ achievement is proof of New Mexico’s leadership in American clean energy manufacturing,” said Sen. Martin Heinrich (D-NM), Ranking Member of the U.S. Senate Energy and Natural Resources Committee. “I’m proud to have passed legislation that brought hundreds of high-quality manufacturing jobs to our state — creating advanced technologies that help lower electricity costs in New Mexico and across the country. Innovation thrives where hard work, advanced technologies, and strong local partnerships come together.”
For more information about ARRAY Technologies and its industry-leading solar tracking solutions, visit www.arraytechinc.com .
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 Company's ability to continue to grow its global installed base and expand into new markets; the continued advancement of the Company’s software and service offerings; the anticipated benefits of the Company's domestic manufacturing investments and supply chain initiatives; the Company's expectations regarding continued demand for solar energy and utility-scale solar deployment; the expected performance and market adoption of the Company's recently launched products; the anticipated benefits of the Company's Albuquerque manufacturing and innovation campus; 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; delays in product availability or shipment; actual field performance of the Company's products that may differ from modeled or anticipated results; 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]