Array Technologies Swings to Profit in Q3 on Higher Sales Volume and Prices
The solar tracker supplier raises 2022 revenue forecast on demand boost from IRA
November 9, 2022
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Solar tracker manufacturer Array Technologies swung to profit in the third quarter (Q3) of 2022 on the back of strong growth in sales volume and prices. The company’s quarterly net income came in at $28.6 million, compared to a net loss of $33 million year-over-year (YoY).