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Array Technologies' revenue up 35% in 2020 » Albuquerque Journal

Albuquerque-based Array Technologies Inc. expects its annual revenue to blow past $1 billion in 2021.
If accurate, that would represent a monumental achievement for the homegrown New Mexico manufacturing firm, which makes solar tracking systems for photovoltaic panels.
The company, which went public in October on the Nasdaq Global Market, reported $872.7 million in revenue for 2020, reflecting a 35% jump over the $647.9 million it reported in 2019. Its net income grew by 49% to $59.1 million last year, up from $39.7 million in 2019.
Now, the company is projecting another 30% jump in revenue for 2021, potentially climbing to $1.13 billion. It already has $654 million in backlogged orders scheduled for delivery this year, said Array Chief Financial Officer Nipul Patel in a year-end earnings conference call Tuesday. ....

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Array Technologies invests in company and opens Phoenix facility - Albuquerque Business First

Array Technologies invests in company and opens Phoenix facility - Albuquerque Business First
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

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Array Technologies establishes "Array Tech Research Center" to accelerate tracker innovation and strengthen customer collaboration

Phoenix facility to serve as R&D, training, and client demonstration site for advanced technologyPHOENIX, March 09, 2021 (GLOBE NEWSWIRE) Array Technologies (NASDAQ: ARRY) (“Array”), one of the world’s largest manufacturers of ground-mounted systems used in solar energy projects, today announced the creation of the Array Tech Research Center, a site dedicated to researching, developing and field testing advanced solar tracker technology. Located in Phoenix, AZ, the Research Center will serve as a proving ground where customers can explore product prototypes that address common utility-scale solar challenges, including foundation costs, site grading requirements, large module compatibility, and installation time. Array’s engineers will use the facility to demonstrate how developers and EPCs can overcome these challenges using new technology developed by the company. “Array is a longstanding leader in innovation, and we are making significant inv ....

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