Array on course to deliver 100% domestic content PV trackers in H1 2025

Facebook
Twitter
LinkedIn
Reddit
Email
Close view of solar tracker manufacturer Array Technologies' new wireless tracker system called SkyLink
In 2024, Array Technologies also began the construction of its solar tracker manufacturing facility in New Mexico, US. Image: Array Technologies.

US solar tracker manufacturer Array Technologies expects that 100% of its trackers will be eligible for domestic content benefits n the first half of 2025.

Array announced this expectation during the publication of its 2024 financial results, and will be helped with the commissioning of the company’s manufacturing facility in Albuquerque, New Mexico, at which it began construction in April 2024.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

This manufacturing plant will be an important part of Array’s resiliency strategy, explained CEO, Kevin G. Hostetler, who also suggested that the recent executive orders by Donald Trump would not have an impact on the company.

“We do not believe the key tax credits for our industry, including the ITC, PTC, domestic content and 45X are affected by the recent Trump executive orders.

“Tax credits are considered mandatory spending and are not subject to appropriation. As such, they are outside the scope of this executive order,” said Hostetler.

US$2 billion orderbook boosted by domestic growth

Despite a year-on-year revenue drop from US$1.58 billion in 2023 to US$915.8 million in 2024, the company ended 2024 with a 10% orderbook growth to US$2 billion at the end of the year, boosted by a 20% domestic orderbook growth. The year-on-year revenue decline was primarily due to lower volumes and an average selling price (ASP) decline, according to Array.

In the fourth quarter of 2024, revenue saw a 19% sequential growth, driven by domestic performance while the rest of the world remained stable.

Hostetler said: “While persistent headwinds, including permitting and interconnection delays, shortages of high-voltage circuit breakers and transformers, and labour constraints continue to impact project timelines in the US, we experienced the market stabilising by year-end, in contrast to the delays experienced in the middle of the year.”

The strong contracting momentum in the US and Europe helped offset the slowed market growth in Brazil, which the company expects to continue for the upcoming three to four quarters. This is due to the devaluation of the currency (Brazilian Real), a volatile interest rate environment and the introduction of new tariffs on solar components, including a tax increase on solar modules from 9.6% to 25%.

“In Europe, we anticipate modest growth in 2025 as we are well positioned to capture additional market share,” said Hostetler, adding that the company was looking into new markets to expand globally, including the Middle East.

New products and investment in automation

During Q4 2024, the company invested in autonomous robotics company Swap Robotics with an initial investment of US$3 million with two additional investments of US$1 million each if Swap Robotics reaches milestones agreed between the companies.

“We believe the integration of Swap Robotics technology into our product portfolio will drive project efficiencies and cost savings for our customers,” said Hostetler.

Regarding its own products, the company aims to focus on extreme weather with the launch this year of a high-angle stow hail tracker, which mitigates risk from extreme hail damage. This would be the latest product from the company centred on responding to hail issues, as last year it launched a tracking software aimed at protecting solar assets from hail damage.

In its forward guidance, the company aims to reach a revenue between US$1.05 billion and US$1.15 billion, of which it expects US$260-US$270 million during Q1 2025. This would represent a 20% year-over-year revenue growth at the midpoint guidance. Meanwhile, its adjusted EBITDA will be in the range of US$180 million to US$200 million.

“We are optimistic about future demand growth for utility-scale solar energy both domestically and internationally and confident that our value proposition in the industry will continue to propel growth for years to come,” said Hostetler.

Earnings call transcript from Seeking Alpha.

7 October 2025
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
21 October 2025
New York, USA
Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.
16 June 2026
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 16-17 June 2026, will be our fifth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2027 and beyond.

Read Next

Premium
September 12, 2025
Vote Solar's Sean Garren tells PV Tech Premium that Georgia Power's latest IRP is 'skewed so heavily towards fossil fuels'.
September 11, 2025
Madison Energy Infrastructure has raised US$800 million to accelerate the deployment of clean energy assets across the US. 
Premium
September 11, 2025
PV CellTech USA: US cell manufacturer ES Foundry’s CEO Alex Zhu discusses his company's rapid ascent, strategic technology choices and the challenges of operating in a shifting policy environment.
September 10, 2025
At RE+ 2025, companies launched AI-driven platforms, terrain-following trackers, low-carbon modules, and advanced energy management solutions for solar and storage.
September 10, 2025
Renewables developer rPlus Energies has secured US$100 million in tax equity financing for its 125MW solar PV plant in the US state of Idaho.
September 10, 2025
Indian solar module manufacturer Vikram Solar reported a 79.7% year-on-year increase in revenue for the first quarter of FY26.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines