ARRAY Technologies Unveils Revolutionary 77-Degree Stow for Unmatched Hail Protection in Solar Industry

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ARRAY ($NASDAQ:ARRY) Technologies is a highly reputable company in the utility-scale solar industry, known for its innovative and cutting-edge solutions. With a strong focus on providing reliable and efficient solar energy systems, the company has been at the forefront of the industry for many years. In their latest development, ARRAY Technologies has unveiled a revolutionary 77-degree stow technology, which promises unmatched hail protection for solar panels. This groundbreaking development is set to be released on September 09, 2024, and is expected to set a new standard in the industry. One of the most significant challenges faced by the solar industry is protecting solar panels from hail damage. Hail storms can cause significant damage to solar panels, leading to costly repairs and downtime. While there have been solutions available in the market, none have been able to provide complete protection from hail. This is where ARRAY Technologies’ new 77-degree stow technology comes in.

This innovative technology allows the solar panels to be stowed at a 77-degree angle when not in use, providing maximum protection from hailstorms. This angle has been scientifically proven to be the most effective in deflecting hail and minimizing damage to solar panels. Based in Albuquerque, New Mexico, ARRAY Technologies has always been at the forefront of providing industry-leading solutions. With their new 77-degree stow technology, the company is once again setting a new standard in the solar industry. This development not only showcases their commitment to innovation but also their dedication to providing reliable and efficient solutions for their clients. This innovative solution is expected to provide unmatched hail protection, making it a game-changer for utility-scale solar projects. With their commitment to innovation and providing industry-leading solutions, ARRAY Technologies continues to solidify their position as a top player in the solar industry.

Share Price

On Tuesday, ARRAY TECHNOLOGIES stock saw a drop of 5.32% as it opened at $6.02 and closed at $5.69. This decline was in response to the company’s recent unveiling of their revolutionary 77-degree stow technology. Hailstorms can cause severe damage to solar panels, leading to costly repairs and downtime. With the 77-degree stow, ARRAY TECHNOLOGIES is providing a solution to this problem, giving their customers peace of mind and potentially saving them thousands of dollars in damages. This new technology works by allowing the solar panels to be tilted to a 77-degree angle, almost parallel to the ground, during a hailstorm. This position reduces the impact of hail on the panels, minimizing the risk of damage. Once the storm has passed, the panels can be easily adjusted back to their optimal position for maximum sun exposure and energy generation. This feature not only provides superior hail protection but also ensures that the solar panels are always operating at maximum efficiency, resulting in higher energy yields for customers. The unveiling of this revolutionary technology has garnered much attention and praise from industry experts and customers alike. It solidifies ARRAY TECHNOLOGIES’ position as a leader in solar innovation and highlights their commitment to providing reliable and high-performing solutions for their customers. In conclusion, ARRAY TECHNOLOGIES’ recent stock drop may be seen as a minor setback in the short term.

However, with the introduction of their groundbreaking 77-degree stow technology, the company is well-positioned for long-term success and continued growth in the solar industry. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Array Technologies. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Array Technologies. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Array Technologies. More…

Key Ratios Snapshot

Some of the financial key ratios for Array Technologies are shown below. More…

Analysis

After conducting a thorough analysis on ARRAY TECHNOLOGIES, I can confidently say that this company is a standout in the market. According to our Star Chart, ARRAY TECHNOLOGIES falls under the category of ‘gorilla’ companies, indicating that it has achieved stable and high revenue and earnings growth. This is an impressive feat and speaks to the company’s strong competitive advantage. As an investor, you may be wondering what type of companies fall under the ‘gorilla’ category and why they are attractive investments. Well, gorilla companies are those that have a dominant position in their respective market and have a strong competitive advantage. This allows them to consistently generate high revenue and earnings, making them a stable and potentially lucrative investment opportunity. Moving on to ARRAY TECHNOLOGIES’s financial health, our analysis gave it an intermediate health score of 6/10. This is a promising score, considering its cashflow and debt situation. It indicates that the company is likely to be able to pay off its debt and fund future operations without any significant issues. In terms of specific financial metrics, ARRAY TECHNOLOGIES can be considered strong in growth and medium in profitability. This means that the company is able to generate solid revenue and earnings growth, but its profitability may not be as high as some other companies. Additionally, ARRAY TECHNOLOGIES may not be the best choice for those seeking dividends, as it is currently weak in that aspect. Overall, I believe that ARRAY TECHNOLOGIES is a strong investment opportunity for those interested in companies with stable and high revenue and earnings growth. Its intermediate health score also suggests that it is a relatively safe investment option. However, it may not be the best choice for those seeking high profitability or dividend payments. More…

Peers

It is a major competitor to other leading solar companies such as Solar Alliance Energy Inc, Shoals Technologies Group Inc, and Sunrun Inc. All of these companies are dedicated to harnessing the power of the sun and providing clean, renewable energy to their customers.

– Solar Alliance Energy Inc ($TSXV:SOLR)

Solar Alliance Energy Inc is a Canadian renewable energy provider that specializes in the design, acquisition, installation and maintenance of solar energy systems for commercial and residential customers. The company has a market cap of 22M as of 2023, and a Return on Equity (ROE) of 66.5%. This indicates that Solar Alliance Energy Inc is a highly profitable and efficient firm, as a high ROE reflects the ability of the company to generate profits from its shareholder’s investments. This also means that the company is able to effectively use its resources to generate returns for its shareholders. The market cap of 22M also demonstrates the company’s potential to grow and expand as it has a solid base of capital to draw on.

– Shoals Technologies Group Inc ($NASDAQ:SHLS)

Shoals Technologies Group Inc. is a leading developer of solar energy solutions and products for the utility, commercial, and residential markets. Founded in 2001, the company is headquartered in Nashville, Tennessee and has offices in China, India, and the US. As of 2023, Shoals Technologies Group Inc. had a market cap of 3.27B and a Return on Equity of 143.31%. This indicates that the company is performing well financially, as it is able to generate a large amount of profits compared to the amount of equity it has invested. The company’s success can be attributed to its focus on delivering innovative solar energy solutions that are reliable and cost-effective.

– Sunrun Inc ($NASDAQ:RUN)

Sunrun Inc is a leading provider of residential solar, battery storage, and energy services. As of 2023, the company has a market cap of 5.92B, indicating that it is one of the largest solar energy companies in the United States. Sunrun’s Return on Equity (ROE) of -3.98% indicates that the company has not been able to generate enough returns on its shareholders’ investment. The company is working towards increasing its ROE in order to improve shareholder returns.

Summary

This new feature will allow the panels to stow at a 77-degree angle, which is significantly steeper than the current industry standard. This development is expected to be a game changer for the solar industry, as it will greatly reduce the risk of damage from hailstorms. Despite this positive news, ARRAY Technologies‘ stock price actually went down on the same day. This may indicate that investors are not fully convinced of the potential impact of this new feature on the company’s financial performance.