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.
Array Technologies has secured an agreement to supply 1GW of its single-axis solar trackers to RP Construction Services, a US-based provider of design and installation services for PV projects.
Solar developer Lightsource bp has once again turned to Array Technologies for its solar tracker procurement, purchasing 1.4GW worth of the supplier’s DuraTrack HZ v3 single-axis trackers.
Solar tracker manufacturer Array Technologies said it beat expectations during Q3 despite a slide in year-on-year revenue associated with shifting purchase patterns.
Array Technologies has upsized its planned initial public offering and updated its pricing, revealing the company intends to raise more than US$1 billion in gross proceeds.
