Array Technologies Full Year 2024 Earnings: Eps Misses Expectations
Revenue was in line with analyst estimates. However, earnings per share (EPS) missed analyst expectations by a significant margin of 109%. The company's net loss also widened by 446% compared to the previous year. Array Technologies' shares have declined by 20% from last week, highlighting the volatility of its stock price.
- This disappointing Q4 report highlights the challenges facing renewable energy companies in maintaining profitability amidst increasing competition and fluctuating market conditions.
- Will Array Technologies be able to overcome these obstacles and deliver on its growth forecast of 11% per annum for the next three years, or will the industry's slowing growth rates continue to impact its performance?