Mercom Insider

Solar Tracking Company Array Technologies’ Net Profit Jumps 49% in 2020

The company’s revenue also increased 34.69% during the year

March 12, 2021

/ Harsh Shukla
/ Markets & Policy, Solar
thumbnail

Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights


Array Technologies, a U.S.-based solar tracking systems manufacturer, has reported a 49% increase in net profit with $59.07 million in 2020 from $39.74 million in 2019, despite a $9.77 million loss in the fourth quarter (Q4) of the financial year (FY) 2020.

MERCOM Insider

Where clean energy's most influential leaders get their intelligence

Exclusive reporting, market intelligence, and insider access that shapes billion-dollar decisions in renewable energy and clean technology.

Already have an account? Sign In

Register for free

thumbnail

Harsh Shukla

More articles from Harsh Shukla.
Array TechnologiesEBIDTAinvestmentlossprofitRevenueShares
PREVALL POSTSNEXT

RELATED POSTS

Get the most relevant India solar and clean energy news.

RECENT POSTS