Page 44 - Array Technologies News Today

   By Morgan Lee, Associated Press New Mexico Gov. Michelle Lujan Grisham signed Friday a $7.4 billion general fund spending plan for the coming fiscal year that boosts state funding for public education, early childhood services and more — while using her veto pen to assert sole authority over $1.6 billion in new federal pandemic relief funding. General fund spending will increase by 5% during the fiscal year that starts July 1, with more than one-third of the increase directed toward edu...

Author Bio A member of The Motley Fool since 2006, Scott began contributing content in 2013. His focus includes renewable energy, gold, and water utilities. Follow him on Twitter. . . Follow @scott81236 What happened After dropping 14% through the first two months of 2021, shares of Array Technologies (NASDAQ:ARRY), a manufacturer of tracking systems for utility-scale solar projects, failed to warm up in March. The stock plummeted 20%, according to data provided by S&P...

Solar entrepreneur becomes New Mexicos 1st billionaire April 8, 2021 FacebookTwitterEmail ALBUQUERQUE, N.M. (AP) — A longtime Albuquerque resident has been listed as a billionaire on Forbes annual list of the richest people in the world. The magazine published its latest rundown of global billionaires this week. Ron Corio, 59, was listed at No. 2,524, becoming the states first billionaire, The Albuquerque Journal reported Wednesday. Forbes reported that Corio had a net worth of $1.1 billion ...

Here’s The Richest Billionaire In Every U.S. State 2021 Michael Prince for Forbes (2), Bloomberg, Britta Pedersen Pool/Getty Images These 43 members of the three comma club represent over $1 trillion in collective wealth. Although pandemic quarantines forced the vast majority of Americans to shelter in place for most of 2020, some billionaires moved to greener pastures. Or at least ones with lower taxes. Take Elon Musk, for instance, who relocated in December 2020 to Austin, Texas—on...

Norway sovereign wealth fund eyes renewables investments after debut deal News Email The Borselle offshore wind farm (pictured) is NBIM’s first direct investment in renewable energy infrastructure. Image: Orsted. Norway’s sovereign wealth fund is eyeing potential investments in solar generation assets after making its first foray into renewables infrastructure. Earlier today the fund, which has a worth upwards of US$1.3 trillion, confirmed its first direct investment in r...

Author Bio A member of The Motley Fool since 2006, Scott began contributing content in 2013. His focus includes renewable energy, gold, and water utilities. Follow him on Twitter. . . Follow @scott81236 With 407 companies debuting on the public markets, there was certainly no shortage of IPOs to keep track of last year. Nearly as many as the 409 companies that went public in 2018 and 2019 combined, the number of IPOs in 2020 was the highest since 2000, when 429 companie...

The narrative in the solar space is both highly variable and very stable. On the one hand, the rules keep changing and stocks in the space keep reacting. But state-by-state rules are also important. This week, we found out that a possible alteration to California solar rules might damage the prospects of solar installers and developers in the state. Specifically, 3 big utilities in the state proposed new charges and a reduction in a key benefit for solar customers. PG&E (PCG), Southern Californ...

Array Technologiess Stock Price And Volume Action Array Technologiess (NASDAQ:ARRY) stock has been falling Wednesday, down 12.01% to a price of $31.64. The stocks current volume for the day is 2.16 million, which is approximately 123.25% of its previous 30-day average volume of 1.75 million. Why Its Moving Benzinga Pros real-time breaking news service shows some insight into what is affecting shares: Array Technologies shares are trading lower after the company late Tuesday announced the launch...

ALBUQUERQUE, N.M., March 16, 2021 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (NASDAQ: ARRY) (the “Company”) today announced that a stockholder of the Company controlled by Oaktree Capital (the “Selling Stockholder”) has commenced an underwritten public offering of 31,054,971 shares of the Company’s common stock pursuant to a registration statement filed with the Securities and Exchange Commission. Additionally, the Selling Stockholder intends to grant the und...

Albuquerque-based Array Technologies Inc. expects its annual revenue to blow past $1 billion in 2021. If accurate, that would represent a monumental achievement for the homegrown New Mexico manufacturing firm, which makes solar tracking systems for photovoltaic panels. The company, which went public in October on the Nasdaq Global Market, reported $872.7 million in revenue for 2020, reflecting a 35% jump over the $647.9 million it reported in 2019. Its net income grew by 49% to $59.1 million la...