Array Technologies Inc. (9AY)
XMUN 
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9AY Chart
Array Technologies Announces Pricing of Upsized Offering of Convertible Senior Notes
ALBUQUERQUE, N.M., June 24, 2025 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (NASDAQ: ARRY) (the “Company” or “ARRAY”) today announced that it has priced an upsized offering of $300 million in aggregate principal amount of 2.875% convertible senior notes due 2031 (the “Notes”) in a private placement (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”). ARRAY has also granted the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period from, and including the date on which the Notes are first issued, up to an additional $45 million in aggregate principal amount of Notes. The Offering is expected to close on June 27, 2025, subject to the satisfaction of customary closing conditions.
Array Technologies Announces Proposed Private Offering of $250 Million of New Convertible Senior Notes
ALBUQUERQUE, N.M., June 24, 2025 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (NASDAQ: ARRY) (the “Company” or “ARRAY”) today announced that, subject to market conditions, it intends to offer $250 million in aggregate principal amount of convertible senior notes due 2031 (the “Notes”) in a private placement (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”). ARRAY also intends to grant the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period from, and including the date on which the Notes are first issued, up to an additional $37.5 million aggregate principal amount of Notes.
Sidus Space Advances $120M Agreement with Lonestar, Selects Atomic-6 as Solar Array Partner for Cislunar Data Satellite Mission
CAPE CANAVERAL, Fla.--(BUSINESS WIRE)---- $SIDU #EdgeComputing--Sidus Space (NASDAQ: SIDU), (the “Company” or “Sidus”), an innovative space and defense technology provider, today announced the next milestone under its expanded $120 million preliminary agreement with Lonestar Data Holdings Inc. to support the world's first lunar data centers. Atomic-6 has been selected to supply its Light Wing™ solar arrays which are expected to power Sidus' LizzieSat® satellites supporting Lonestar's cislunar data storage constellation.
Array Technologies Inc. Dividends
Array Technologies Inc. Earnings
| 21 May 2025 Date | | 0.09 Cons. EPS | 0.02 EPS |
| 25 Feb 2025 Date | | 0.17 Cons. EPS | 0.16 EPS |
| 7 Nov 2024 Date | | 0.14 Cons. EPS | 0.17 EPS |
| 5 Nov 2024 Date | | 0.13 Cons. EPS | - EPS |
| 8 Aug 2024 Date | | 0.11 Cons. EPS | 0.2 EPS |
| 21 May 2025 Date | | 0.09 Cons. EPS | 0.02 EPS |
| 25 Feb 2025 Date | | 0.17 Cons. EPS | 0.16 EPS |
| 7 Nov 2024 Date | | 0.14 Cons. EPS | 0.17 EPS |
| 5 Nov 2024 Date | | 0.13 Cons. EPS | - EPS |
| 8 Aug 2024 Date | | 0.11 Cons. EPS | 0.2 EPS |
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Array Technologies Inc. Profile
| Solar Industry | Energy Sector | Mr. Kevin G. Hostetler CEO | XMUN Exchange | US04271T1007 ISIN |
| US Country | 1,021 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
Array Technologies, Inc. is a prominent manufacturer and supplier of ground-mounting tracking systems for solar energy projects. Operating primarily in the United States, the company also has a significant international presence in countries including Spain, Brazil, and Australia. Founded in 1987 and headquartered in Albuquerque, New Mexico, Array Technologies segments its operations into Array Legacy Operations and STI Operations. With a commitment to enhancing solar energy efficiency, the company has established itself as a leader in solar tracking technology, contributing to the global transition towards sustainable energy.
Products and Services
- DuraTrack HZ v3 - This product represents a single-axis solar tracker designed to increase the efficiency of solar panels by following the sun's trajectory across the sky. It’s engineered to reduce the cost of solar energy production, making it a vital component for large-scale solar energy projects.
- Array STI H250 - Aimed at delivering a lower levelized cost of energy (LCOE), the STI H250 is a solar tracker system that focuses on cost-effectiveness without compromising performance. Its innovative design and functionality make it suitable for a wide range of solar energy applications.
- Array OmniTrack - Although the description in the provided text does not specify, given the context, it can be inferred that the Array OmniTrack is another innovative tracking solution designed to enhance the performance of solar arrays. Its inclusion in the product lineup suggests its role in addressing specific market needs or challenges within the solar industry.
- SmarTrack - This software product is a testament to Array Technologies' commitment to leveraging technology to enhance solar energy production. Utilizing site-specific historical weather and energy production data, along with machine learning algorithms, SmarTrack optimizes the positioning of solar arrays in real-time. This maximizes energy production, ensuring that solar energy projects achieve optimal efficiency and output.
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