Profile
Array Technologies, Inc. provides solar tracking solutions and services for utility-scale projects. Its products include DuraTrack HZ v3, a single-axis solar tracking system; and SmarTrack, a machine learning software that automatically adjusts module angles in response to weather and site conditions. The company was founded in 1989 and is based in Albuquerque, New Mexico with additional offices in Europe, Central America, and Australia.
| ARRY [NASD] |
| Array Technologies, Inc. arraytechinc.com |
| Technology | Solar | USA |
IPO
- Thursday Oct 15th 2020
- Oversubscribed IPO Price @ $22 Open $29.05
- Shares Outstanding 126.99M
- Public Float 7M
- Market Cap $4.95B
Institutional Interest
- Look back at IPO Shares Out. Vs Float.. that's a huge difference. This represents larger firms are holding stock reducing the available public shares
Why BUY
- 30+ years operational
- Strong quarterly growth in hot sector
- Biggest solar IPO of the year 2020
- "Tech company" Machine learning.. 25% more energy..
- Array Technologies CEO Jim Fusaro
Why Wait
- Extremly oversubscribed IPO with 2 big green days after open
- Short-term premium
- Risk of patents not being recognized by China
Do NOT Mix Up
- 6/17/2019 Pfizer Bought @ $10.6 - 11.4 billion valuation
- Transaction valued at $48 per Array share in cash
- You can see this close still on the current chart
Videos
Is ARRY Stock Still A Buy?! (Biggest Solar IPO 2020)