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Solar entrepreneur becomes New Mexico's 1st billionaire

Solar entrepreneur becomes New Mexico's 1st billionaire
inquirer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.com Daily Mail and Mail on Sunday newspapers.

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Array Technologies, Inc. Announces Pricing of Secondary Offering of 31,054,971 Shares

Array Technologies, Inc. Announces Pricing of Secondary Offering of 31,054,971 Shares
globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.

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A Buy-the-Dip Opportunity in the Solar Space? (ARRY, GSFI, SPWR)

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 California Edison, and San Diego Gas & Electric requested a charge to customers who have solar panels monthly fees: both a flat charge and a “grid access” charge per kilowatt. ....

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Array Technologies, Inc. Announces Launch of Secondary Offering of 31,054,971 Shares

Array Technologies, Inc. Announces Launch of Secondary Offering of 31,054,971 Shares
globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.

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Array Technologies' revenue up 35% in 2020 » Albuquerque Journal

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 last year, up from $39.7 million in 2019.
Now, the company is projecting another 30% jump in revenue for 2021, potentially climbing to $1.13 billion. It already has $654 million in backlogged orders scheduled for delivery this year, said Array Chief Financial Officer Nipul Patel in a year-end earnings conference call Tuesday. ....

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