ArrayGen Technologies
Array Technologies, founded in 1989, is a leading provider of utility-scale solar tracking systems, headquartered in Albuquerque, New Mexico.
Profile
Design and manufacture solar tracking systems for utility-scale solar projects.
Array Technologies, founded in 1989, is a leading provider of utility-scale solar tracking systems, headquartered in Albuquerque, New Mexico. The company specializes in designing and manufacturing single-axis solar trackers, which optimize energy output by aligning solar panels with the sun’s position. Array Technologies went public in October 2020, raising $1.04 billion in its IPO, marking one of the largest renewable energy IPOs of the year.
The company’s flagship product, the DuraTrack HZ v3, is widely adopted in utility-scale solar projects across the U.S. and internationally. In Q1 2026, Array Technologies reported revenue of $350 million, a 15% year-over-year increase, driven by strong demand in North America and Europe. However, the company faces challenges from rising steel prices and supply chain disruptions, which have pressured margins.
Array Technologies has also been expanding its international footprint, securing contracts in Australia and Latin America. The company’s customer base includes major solar developers and EPC firms, with a notable concentration in the U.S. market. Recent strategic moves include partnerships with South Korean conglomerates to advance AI-driven solar tracking solutions. Despite its strong market position, Array Technologies remains vulnerable to policy shifts in renewable energy incentives and competition from emerging players in the solar tracker market.
Who buys this
- Utility-scale solar developers
- Engineering, procurement, and construction (EPC) firms
- Independent power producers
- Government-backed renewable energy projects
Strengths and what to watch
Watch for
Key Information
- Founded
- 1989
- Headquarters
- Albuquerque, New Mexico
Frequently Asked Questions
What does Array Technologies do?
Array Technologies designs and manufactures single-axis solar trackers for utility-scale projects. Founded in 1989, their systems optimize energy output by aligning panels with the sun. The company went public in 2020 and serves solar developers, EPC firms, and power producers globally, with headquarters in Albuquerque, New Mexico.
What is Array Technologies' flagship solar tracker?
The DuraTrack HZ v3 is Array Technologies' leading solar tracking system, widely used in utility-scale projects. This single-axis tracker maximizes energy production by following the sun's path. It's deployed across North America, Europe, and emerging markets, forming the core of the company's product portfolio.
How is Array Technologies performing financially?
Array Technologies reported $350 million revenue in Q1 2026, a 15% year-over-year increase. The 2020 IPO raised $1.04 billion, among the largest renewable energy offerings. Growth stems from North American and European demand, though steel costs and supply chain issues present margin challenges.
Where does Array Technologies operate internationally?
Beyond its strong U.S. presence, Array Technologies has expanded into Australia and Latin America. Recent partnerships with South Korean firms aim to develop AI-enhanced tracking solutions. The company serves global solar developers and EPC contractors, though policy changes in renewable incentives could impact growth.
Who are Array Technologies' main customers?
Array Technologies primarily serves utility-scale solar developers, EPC firms, and independent power producers. Their client base includes government-backed renewable projects, with concentrated demand in the U.S. market. The company's trackers are designed for large-scale installations requiring high reliability and energy optimization.
What challenges does Array Technologies face?
Array Technologies contends with rising steel prices, supply chain disruptions, and policy uncertainty around renewable incentives. Competition from emerging solar tracker manufacturers also pressures margins. The company is addressing these through international expansion and AI-driven innovation partnerships, particularly in South Korea.