General Information

(Note: The S-1 filing shows this detail on the company’s name: ATI Intermediate Holdings, LLC, to be converted to a corporation named Array Technologies, Inc.)

We are one of the world’s largest manufacturers of ground-mounting systems used in solar energy projects. Our principal product is an integrated system of steel supports, electric motors, gearboxes and electronic controllers commonly referred to as a single-axis “tracker.” Trackers move solar panels throughout the day to maintain an optimal orientation to the sun, which significantly increases their energy production. Solar energy projects that use trackers generate up to 25% more energy and deliver a 22% lower levelized cost of energy (“LCOE”) than projects that use “fixed tilt” mounting systems, according to BloombergNEF. Trackers represent between 10% and 15% of the cost of constructing a ground-mounted solar energy project, and approximately 70% of all ground-mounted solar energy projects constructed in the U.S. during 2019 utilized trackers according to BloombergNEF and IHS Markit, respectively.


Industry: Solar energy
Employees: 343
Founded: 1989
Contact Information
Address 3901 Midway Place NE Albuquerque, New Mexico 87109
Phone Number (505) 881-7567
Web Address
Financial Information
Market Cap $2539.8mil
Revenues $975.1 mil (last 12 months)
Net Income $110.6 mil (last 12 months)
IPO Profile
Symbol ARRY
Exchange NASDAQ
Shares (millions): 47.5
Price range $22.00 - $22.00
Est. $ Volume $1045.0 mil
Manager / Joint Managers Goldman Sachs/ J.P. Morgan/ Guggenheim Securities/ Morgan Stanley
CO-Managers Credit Suisse/ Barclays/ UBS Investment Bank/ Cowen and Company/ Oppenheimer & Co./ MUFG/ Nomura
Expected To Trade: 10/15/2020
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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