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.
Single-axis PV tracker firm, Array Technologies has secured a 333MW order for its DuraTrack HZ v3 system for the Darlington Point Solar Farm, 50 kilometers south of Griffith, New South Wales.
Array Technologies has been awarded more than US$1 million in damages and royalties on future sales of Exosun trackers that infringe one of its patents.
Independent Power Producer sPower has entered into a strategic solar tracker supply deal with Array Technologies for multi-gigawatts of planned PV power plants, cementing a business relationship established over the last four years, according to Array Technologies.
According to a new report from market research firm GTM Research, solar tracker systems market in 2017 increased by 32% to a record 14.5GW, led surprisingly by Latin America.