Array Technologies reveals to PV Tech Premium the core motivations behind its US$652m deal to acquire STI Norland, creating what it says is the world’s biggest tracker company, from stronger supply chains to an ability to target more international markets
Array Technologies’ profits plummeted 65% amid high material and logistical costs as the solar tracker supplier claimed it was experiencing a margin "trough", weighed down by legacy orders signed at low prices.
US solar tracker supplier Array Technologies is to acquire Spanish tracker manufacturer Soluciones Técnicas Integrales Norland (STI Norland) in an acquisition that the Array said will create “the largest tracker company in the world”
US solar tracker provider Array Technologies slipped to a loss in the second quarter of 2021, but has changed business processes in order to reduce its exposure to future rises in commodity and shipping costs.
A round-up of the latest news from the US PV sector, as commercial operations begin at a plant in the Nevada desert developed by Invenergy, and the Solar Energy Industries Association adds new companies to its board of directors.
As material costs continue to plague the solar industry, Liam Stoker takes a look at how listed solar tracker companies have responded to surging costs of steel.
The Solar Media podcast is back for another episode, and Liam Stoker and Andy Colthorpe explores the deepening materials crisis impacting upstream solar manufacturing, through from modules to trackers.
Array Technologies has withdrawn its guidance for 2021 after experiencing “unprecedented” increases in material and logistics costs which severely impacted earnings in the first quarter.
US solar tracker company FTC Solar become the latest tracker provider to launch an initial public offering (IPO), aiming to raise up to US$423 million.
