Array Technologies Inc. (ARRY) stock plummeted 5.17% in intraday trading on Thursday, as the solar tracking solutions provider's fourth-quarter results and 2025 guidance fell short of expectations.
For the fourth quarter of 2024, Array Technologies reported revenue of $275.2 million, beating analysts' estimates of $268.5 million. However, the company posted a net loss of $74 million for the quarter, as well as an adjusted EBITDA of $45.2 million, which missed the consensus estimate of $47.6 million.
Furthermore, Array Technologies provided a disappointing outlook for the full year 2025, guiding for revenue in the range of $260-$270 million and adjusted EBITDA of $180-$200 million. These projections were below Wall Street's expectations, indicating potential challenges ahead for the company's growth and profitability.
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