Comments on: Net losses triple at US tracker maker after acquisition https://pv-magazine-usa.com/2022/08/11/net-losses-triple-at-us-tracker-maker-after-acquisition/ Solar Energy Markets and Technology Thu, 11 Aug 2022 20:48:11 +0000 hourly 1 https://wordpress.org/?v=6.5.5 By: Roberto Rosenfeld https://pv-magazine-usa.com/2022/08/11/net-losses-triple-at-us-tracker-maker-after-acquisition/#comment-199733 Thu, 11 Aug 2022 20:48:11 +0000 https://pv-magazine-usa.com/?p=81591#comment-199733 Not looking good. Sweeping dirt under the Inflation Reduction Act rug is not going to work.

]]> By: James D Linley https://pv-magazine-usa.com/2022/08/11/net-losses-triple-at-us-tracker-maker-after-acquisition/#comment-199706 Thu, 11 Aug 2022 17:08:42 +0000 https://pv-magazine-usa.com/?p=81591#comment-199706 “Array Technologies, Inc. (ARRY) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 125%. A quarter ago, it was expected that this company would post a loss of $0.07 per share when it actually produced a loss of $0.02, delivering a surprise of 71.43%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Array Technologies, Inc. , which belongs to the Zacks Solar industry, posted revenues of $424.93 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 20.64%. This compares to year-ago revenues of $202.8 million. The company has topped consensus revenue estimates two times over the last four quarters.”

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