Array Technologies

NASDAQ: ARRY53Mixed / Improving· Provisional

0 followersSolar·Albuquerque, NM, US·Founded 1989

Manufactures single-axis solar tracker systems for utility-scale solar farms, enabling panels to follow the sun and increase energy output.

53/100

Mixed / Improving· Provisional

ClimateTicker Green Score · how it's calculated

Greenwashing risk: mediumData confidence: medium

Why it's on ClimateTicker

Array Technologies is a genuine enabler of utility-scale solar deployment: its single-axis tracker hardware directly increases the energy yield of solar farms, meaning more clean electricity from each installed panel. However, the company is an equipment manufacturer—not a power generator—so its own operational emissions footprint and supply chain (steel-heavy trackers, global logistics) carry real embodied-carbon risks that remain only partially quantified. Investors should credit the core product's climate value while noting that Array's own decarbonization targets lag behind the ambition its solar-sector positioning implies.

enablerArray Technologies sells single-axis solar tracker systems (hardware) and associated software/services to utility-scale solar project developers and EPCs worldwide, generating revenue primarily from equipment sales and growing service/software attach rates.

Commitments & Certifications

other: Self-reported / Not third-party verified ↗

Controversy & Greenwashing Watch

medium2023 Securities Investigation (Late SEC Filing)

The Schall Law Firm and Rosen Law Firm investigated Array in March 2023 for potentially false or misleading investor disclosures after the company filed a late 10-K notification with the SEC, causing a ~6% single-day stock drop.source ↗

lowTrade Secret Misappropriation Suit vs. Nextracker (Settled 2022)

Array sued Nextracker in 2017 for trade secret theft and tortious interference; the case settled monetarily in 2022 with Nextracker acknowledging wrongful conduct, including improperly hiring an Array employee in violation of a non-compete.source ↗

highPost-IPO Securities Fraud Class Action (2021)

Multiple law firms filed class action suits alleging Array made materially misleading statements about rising steel and freight cost impacts on operations around the time of its IPO, causing significant stock-price harm to investors.source ↗

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