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Array Technologies
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Short description

Provider of solar tracking and racking systems for utility, commercial and residential projects

Founded in 1989
Founded in

Company type Public Public (ARRY)
Company type

Industry Group energy & power

Sector solar

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Albuquerque, NM Albuquerque, United States
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Updated by Jonathan Koch at on 07/27/2017

Edited by Cleantech Group on 08/19/2021

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Date Company
02/26/2015

Swinerton Renewable Energy Swinerton Renewable Energy

Swinerton Renewable Energy has contracted with Array Technologies to procure 104 MW of its DuraTrack™ HZ single-axis tracking system for the 630-acre Utah Red Hills Renewable Park.

Confirmed by Swinerton Renewable Energy
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Date Partner Type
12/01/2020
RP Construction Services RP Construction Services
Agreement to supply 1GW of its single-axis solar trackers to RP Construction Services.
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Confirmed by RP Construction Services
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IPO INFORMATION

Date

10/15/2020

IPO status

Listed

IPO Type

IPO

Amount

$1B

Initial shares

7000000

Ticker symbol

ARRY

Exchange listed

NASDAQ

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Description

The company raised $1 billion in gross proceeds from an IPO of its common stock. The company decided to increase the size of the IPO and offer 47.5 million common stock shares at $22 apiece. It will issue seven million shares, while a parent entity controlled by Oaktree Capital will offer the other 40.5 million.

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Date Investors Type Amount
07/12/2016 Oaktree Capital Management Oaktree Capital Management (1)
Post-money valuation of
Oaktree Capital Management has announced a strategic, late-stage private equity investment in Array Technologies to expand the company's global presence as a provider of utility-scale solar tracking solutions.
Buyout / Late-Stage Private Equity
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Product image Name Product status Revenue model Cost metrics

DuraTrack™ DA

- Dual-axis tracking system for residential solar - Ensures 40% more power from the PV system

 Wide Commercial Availability
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