Array Technologies’ Profit Drops to $23 Million in Q3 as Solar Tracker Sales Decrease
The company’s revenue witnessed a 32% YoY drop to $350.4 million
November 8, 2023
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Array Technologies, a utility-scale solar tracker company, reported a profit of $23.2 million for the third quarter (Q3) of 2023, a 42% drop from $40.6 million for the same period in 2022 due to a drop in revenue from the sale of trackers.
