OverviewSuggest Edit

Array Technologies is a manufacturer of ground-mounting systems used in solar energy projects. Its principal product is an integrated system of steel supports, electric motors, gearboxes, and electronic controllers commonly referred to as a single-axis “tracker.” Its trackers use a design that allows one motor to drive multiple rows of solar panels through articulated driveline joints.

TypePublic
Founded1992
HQAlbuquerque, NM, US
Websitearraytechinc.com
Employee Ratings3.6
Overall CultureB+

Latest Updates

Employees (est.) (Jun 2020)343
Job Openings24
Revenue (FY, 2020)$872.7 M(+35%)
Share Price (Sept 2021)$17.6
Cybersecurity ratingAMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
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Key People/Management at Array Technologies

Jim Fusaro

Jim Fusaro

Chief Executive Officer
Jeff Krantz

Jeff Krantz

Chief Commercial Officer
Lucas Creasy

Lucas Creasy

Vice President of Engineering
Stuart Bolland

Stuart Bolland

Chief Operations Officer
Charlotte MacVane

Charlotte MacVane

General Counsel
Nipul Patel

Nipul Patel

Chief Financial Officer
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Array Technologies Office Locations

Array Technologies has offices in Albuquerque, Sydney and Madrid
Albuquerque, NM, US (HQ)
3901 Midway Pl NE
Show all (3)

Array Technologies Financials and Metrics

Array Technologies Revenue

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Array Technologies's revenue was reported to be $872.66 m in FY, 2020
USD

Revenue (Q1, 2021)

245.9m

Gross profit (Q1, 2021)

43.9m

Gross profit margin (Q1, 2021), %

17.8%

Net income (Q1, 2021)

2.9m

EBIT (Q1, 2021)

13.1m

Market capitalization (29-Sept-2021)

2.2b

Closing stock price (29-Sept-2021)

17.6

Cash (31-Mar-2021)

19.1m

EV

2.6b
Array Technologies's current market capitalization is $2.2 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

290.8m647.9m872.7m

Revenue growth, %

123%

Cost of goods sold

279.2m497.1m669.9m

Gross profit

11.6m150.8m202.8m
Half Year
USDH1, 2019H1, 2020

Revenue

225.4m552.6m

Cost of goods sold

182.2m412.0m

Gross profit

43.2m140.6m

Gross profit Margin, %

19%25%
Quarterly
USDQ1, 2021

Revenue

245.9m

Cost of goods sold

202.1m

Gross profit

43.9m

Gross profit Margin, %

18%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

40.8m310.3m108.4m

Accounts Receivable

51.6m96.3m118.7m

Prepaid Expenses

12.4m

Inventories

55.2m148.0m118.5m
Quarterly
USDQ2, 2020Q1, 2021

Cash

18.4m19.1m

Accounts Receivable

98.6m121.9m

Prepaid Expenses

15.6m

Inventories

105.3m124.7m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

(60.8m)39.7m59.1m

Depreciation and Amortization

28.5m27.3m27.5m

Inventories

(10.3m)(94.6m)28.3m

Accounts Payable

6.5m105.5m
Quarterly
USDQ2, 2019Q2, 2020Q1, 2021

Net Income

(5.2m)76.1m2.9m

Depreciation and Amortization

13.7m13.7m6.5m

Inventories

(28.6m)42.5m(6.2m)

Accounts Payable

27.8m(99.4m)
USDFY, 2018

Debt/Equity

0.7 x

Debt/Assets

0.3 x

Financial Leverage

1.9 x
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Array Technologies Operating Metrics

Aug, 2020

Patent Applications (US)

17

Patents (Foreign)

17

Patents (US)

7

Trademarks (US)

2
Show all operating metrics

Array Technologies Acquisitions / Subsidiaries

Company NameDateDeal Size
Array Tech, Inc.
Array Technologies International Pty Ltd
Array Technologies Patent Holding Co., LLC
ATI Investment Holdings, Inc.
ATI Investment Sub, Inc.
High Desert Finance LLC

Array Technologies Revenue Breakdown

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Array Technologies revenue breakdown by geographic segment: 86.9% from United States, 8.0% from Australia and 5.1% from Rest of the World

Array Technologies Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

SecurityScorecard logo

Array Technologies Online and Social Media Presence

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Array Technologies Company Culture

  • Overall Culture

    B+

    75/100

  • CEO Rating

    B

    73/100

  • Compensation

    B

    74/100

Learn more on Comparably

Array Technologies News and Updates

Array Technologies Diversifies Global Supply Chain with POSCO

South Korean steelmaker to supply to Array’s global projects South Korean steelmaker to supply to Array’s global projects

Array Technologies Announces Additions to Board of Directors

Bilal Khan of Blackstone joins board following announcement of $500 million capital commitment from Blackstone. Paulo Almirante and Gerrard Schmid join with renewable energy and public company expertise, respectively. Bilal Khan of Blackstone joins board following announcement of $500 million capita…

Array Technologies, Inc. Announces $500 Million Capital Commitment from Blackstone

Reinforces leadership position and positions company to be industry consolidator Reinforces leadership position and positions company to be industry consolidator

Array Technologies, Inc. Announces Second Quarter 2021 Earnings Release Date and Conference Call

ALBUQUERQUE, N.M., July 28, 2021 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (the “Company” or “Array”) (Nasdaq: ARRY) today announced that the company will release its second quarter 2021 results after the market close on Wednesday, August 11th, 2021, to be followed by a conference call at 5:00 …

Array Technologies Appoints Supply Chain Veteran Ken Stacherski as Senior Vice President of Operations

Stacherski joins Array with over 30 years of supply chain experience Stacherski joins Array with over 30 years of supply chain experience
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Array Technologies Blogs

Exploring Bifacial 2MIL for LCOE Optimization

Recently, bifacial solar modules have been gaining popularity, especially with the recent announcement that they are exempt from US tariffs. So we are taking this opportunity to set the record straight regarding our history and future with bifacial module solutions. The post Exploring Bifacial 2MIL …

Solar Module Shortage is No Problem with Array Technologies’ Flexible Installation Capability

The post Solar Module Shortage is No Problem with Array Technologies’ Flexible Installation Capability appeared first on Array Technologies Inc.

Intersolar 2019 No-Show Report

Well, it’s mid-July and we here at Array found ourselves, like so many others in the solar industry, not packing our bags—Intersolar 2019 was canceled this year. No trip to San Francisco, no elbow rubbing with the movers and shakers of the industry, no beers with our friends at Shoals. The post Inte…

Meeting Supply Needs During ITC Phase Down Crunchtime

We have the capital, the knowledge, and the strategy to help bring in projects on time, even during this industrywide pinch. The post Meeting Supply Needs During ITC Phase Down Crunchtime appeared first on Array Technologies Inc.

GTM Solar Summit Salute

The Green Tech Media (GTM) Solar Summit 2019 was everything a major solar conference should be. It was great to see so many colleagues and partners The post GTM Solar Summit Salute appeared first on Array Technologies Inc.

Array Technologies Frequently Asked Questions

  • When was Array Technologies founded?

    Array Technologies was founded in 1992.

  • Who are Array Technologies key executives?

    Array Technologies's key executives are Jim Fusaro, Jeff Krantz and Lucas Creasy.

  • How many employees does Array Technologies have?

    Array Technologies has 343 employees.

  • What is Array Technologies revenue?

    Latest Array Technologies annual revenue is $872.7 m.

  • What is Array Technologies revenue per employee?

    Latest Array Technologies revenue per employee is $2.5 m.

  • Who are Array Technologies competitors?

    Competitors of Array Technologies include Solaria, Ascent Solar Technologies and SoloPower.

  • Where is Array Technologies headquarters?

    Array Technologies headquarters is located at 3901 Midway Pl NE, Albuquerque.

  • Where are Array Technologies offices?

    Array Technologies has offices in Albuquerque, Sydney and Madrid.

  • How many offices does Array Technologies have?

    Array Technologies has 3 offices.