Array Technologies has completed more than 900 of these projects in the past 30 years (3). The stock nearly doubled in a week and reached $43.94 due to … US solar power equipment maker Array Technologies ARRY.O sold shares in its initial public offering (IPO) on Wednesday at USD 22 apiece, above its target range, raising USD 1.05 billion. Oaktree-Backed Solar Firm Array Technologies’ IPO Raises $1.05 Billion. “Company” means Array Technologies, Inc., a New Mexico corporation. The New Mexico-based solar equipment company will begin trading on the Nasdaq composite this week. Solar energy tracker solution provider Array Technologies Inc (NASDAQ: ARRY) has priced 31 million shares at $28 per share in a secondary offering. The offering of 47.5 million shares values Array, which is backed by U.S. private equity firm Oaktree Capital, at $2.8 billion.It had aimed to sell 45 million shares at $19 to $21 per share. Array Technologies is a market leader in tracking technology for utility, commercial and residential solar electric systems. Array Technologies has upsized its planned initial public offering and updated its pricing, revealing the company intends to raise more than US$1 billion in gross proceeds. Array Technologies is the leading US-based manufacturer of smart, cost-effective, reliable and robust solar tracking systems...more than 4 GW shipped & counting ... Oaktree backs Array Technologies New Delhi: U.S. solar power equipment maker Array Technologies sold shares in its initial public offering (IPO) on Wednesday at $22 apiece, above its target range, raising $1.05 billion. LAST PRICE - AT THE CLOSE. Instead of being a start-up, Array Technologies is a mature, private market company playing a big role in the energy transition. Explanation of Responses: (1) Represents the redemption of a portion of the ATI Investment Parent, LLC ("Parent") interests of certain Parent unitholders in exchange for the Array Technologies, Inc.'s common stock ("Common Stock") held directly by Parent, immediately prior to the consummation of the public offering of Common Stock, which closed on March 23, 2021 (the "Public Offering"). We would like to show you a description here but the site won’t allow us. Announces Closing of Secondary Offering o Tailwind Capital in its acquisition of ArrowStream from Diversis Capital. Array Technologies, Inc. Array’s innovative solutions allow solar panels to track the sun throughout the course of the day and significantly increase energy production from photovoltaic solar generation assets. Array Technologies has raised 1 round. Forth was a former board member of Xantrex Technology, The Kirlin Group and OpTerra Energy Group, and a former board chair of GT Solar Incorporated, Turbine Generator Maintenance, Cannon Technologies, GoodCents and TenK Solar. Mr. Robert C. Bellemare is a Chief Operating Officer at Array Technologies, Inc. Mr. Bellemare was previously employed as a Chief Operating Officer & Managing Director by Midas Medici Group Holdings, Inc. www.oaktreewholesale.com; May 20, 2021; ... We aim to support the widest array of browsers and assistive technologies as possible, so our users can choose the best fitting tools for them, with as few limitations as possible. Oaktree-backed solar firm Array Technologies’ IPO raises $1.05 billion Premium Flair Writing’s IPO comprises equity shares of face value of ₹ 10 each aggregating up to ₹ 450 crore. Array, one of the world’s largest manufacturers of ground-mounting systems used in solar energy projects, offered over $1 billion of shares in its IPO, with controlling shareholder Oaktree Capital selling 40.5 […] 2 global solar tracker maker, behind Nextracker and ahead of PV Hardware, according to Wood Mackenzie. After the offering, the company will be 65% owned by Oaktree and Array Technologies founder Ron P. Corio. New Delhi: U.S. solar power equipment maker Array Technologies sold shares in its initial public offering (IPO) on Wednesday at $22 apiece, above its target range, raising $1.05 billion. The offering consists of 7,000,000 shares being sold by Array Technologies and 40,500,000 shares by Oaktree Capital, a parent entity of the company. Mr. PRICE ACTION $28.16. Array Technologies Inc. (ARRY) latest news, insider trading and hedge fund ownership data provided by Insider Monkey. Array Technologies has a market value of about $2.8 billion. Array Technologies, Inc. manufactures and supplies solar tracking systems and related products for customers in the United States and internationally. Array Technologies, Inc. (NASDAQ: ARRY) and Oaktree Capital in its secondary offering by a parent entity of Array controlled by Oaktree Capital. Array’s trackers are manufactured in the USA and shipped worldwide to customers including utilities, corporations, small This article has … Array, founded in 1989, produces steel supports, electric motors and controllers, gear boxes and other solar energy equipment. ... Oaktree Ati Investors, L.p., Large Shareholder, 2020-12-08; Array Technologies, a profitable solar-tracker company, is going public the old-fashioned way. And yet, that is exactly the narrative with Array Technologies. He is responsible for sourcing, executing and overseeing investments in leading companies in the energy, utility and industrials sectors. PROFITABLE: YES EPS: $0.08. www.oaktreewholesale.com; May 20, 2021; ... We aim to support the widest array of browsers and assistive technologies as possible, so our users can choose the best fitting tools for them, with as few limitations as possible. Terms of the investment were not disclosed. Array Technologies is registered under the ticker NASDAQ:ARRY . Array Technologies, Inc. Array Technologies, a New Mexico-based maker of solar tracking systems, launched onto the Nasdaq Global Market on Thursday, capping one of … Array Technologies, Inc. manufactures and supplies solar tracking systems and related products for customers in the United States and internationally. Array Technologies finished its first day of trading at an elevated price where it managed to raise over $1 billion. Nine IPOs and five SPACs went public this past week, and one IPO postponed. In 2011, funds affiliated with Bain Capital Partners, LLC (“Bain Capital”) and an entity affiliated with Oaktree Capital Management, L.P. (“Oaktree” and, together with Bain Capital, the “Sponsors”) and their partners formed IMC LP to acquire the entities that owned the Properties and operate them as a single integrated business. Array Technologies, Inc. (NASDAQ: ARRY) (the "Company") today announced the closing of the previously announced secondary offering by a stockholder of the Company controlled by Oaktree … IPO Outlook: Solar Power Company Array Technologies… The company report on March 23, 2021 that Array Technologies, Inc. Jack in the Box Inc. in its sale of its Qdoba Mexican Eats fast-casual Mexican food brand to an affiliate of Apollo Global Management LLC. Accessibility Statement. Array Technologies, Inc. Common Stock This is an initial public offering of shares of common stock of Array Technologies, Inc. (“Array Technologies”). Array Technologies went public in October 2020, raising more than $1 billion at a valuation of $2.8 billion (1). 0001193125-21-113621.txt : 20210413 0001193125-21-113621.hdr.sgml : 20210413 20210412215051 accession number: 0001193125-21-113621 conformed submission type: sc 13g/a public document count: 1 filed as of date: 20210413 date as of change: 20210412 group members: atlas ocm holdings, llc group members: brookfield asset management inc. group members: oaktree ati investors, l.p. group … Forth is a Senior Advisor to Oaktree Capital, LLC in Los Angeles, CA. Array Technologies Inc. [NASDAQ: ARRY] closed the trading session at $28.46 on 03/26/21. Array Technologies is funded by Oaktree Capital Management. ARRY is DOWN -2% BELOW 20 day SMA. Less More. Array Technologies (NASDAQ: ARRY) is a play on the solar sector, and that sector has moved higher over the past four years — despite President Donald … Array Technologies has completed more than 900 of these projects in the past 30 years (3). Crystal Tse and Brian Eckhouse, Bloomberg News. ... Mr. He also served on the board at UtiliPoint International, Inc. Array Technologies is one of the world’s largest manufacturers of ground-mounting systems used in solar energy projects. About Mr. This was a Seed round raised on Jul 12, 2016. Array Technologies, the U.S-based global leader in manufacturing solar tracking solutions, has reportedly secured USD 1.05 billion in Initial Public Offering (IPO) of 47.5 million shares of its common stock at a price to the public of USD 22.00 per share. Document filed by Plymouth County Retirement Association..(McConville, Francis) Document filed by Plymouth County Retirement Association..(McConville, Francis) It had aimed to sell 45 million shares at $19 to $21 per share. Forth is a senior advisor to Oaktree’s GFI Energy Group. On Tuesday, Array Technologies posted first quarter earnings of $2.9 million (below analysts’ estimates) on revenue of $245.9 million, while withdrawing profit guidance numbers for … ET Oaktree-Backed Solar Firm Array Technologies’ IPO Raises $1.05 Billion. Headquartered in Albuquerque, New Mexico, Array Technologies, Inc. manufactures ground-mounting systems used in solar energy projects. The Company’s principal product is an integrated system of steel supports, electric motors, gearboxes, electronic controllers and software, commonly referred to as a single-axis “tracker.” ARRY is DOWN N/A% BELOW 200 day SMA. Array Technologies produces and implements a ground mounting system for utility-scale projects. ... Oaktree Capital, an investor, will hold numerous seats on the public company’s board. The Company’s principal product is an integrated system of steel supports, electric motors, gearboxes, electronic controllers and software, commonly referred to as a single-axis “tracker.” Forth is a senior advisor to Oaktree’s GFI Energy Group, which executes the Power Opportunities investment strategy. Co-Chairman & Co-Founder of Oaktree Capital Management, L.P., Author of ‘Mastering The Market Cycle’ ... Chairman Of The Board at Array Technologies, Inc. Shares of Array Technologies surged 40% in their Nasdaq debut on Thursday, valuing the solar power equipment maker at as much as $4 billion, while underscoring investor appetite for … Executive Chairman, Array Technologies. ... We aim to support the widest array of browsers and assistive technologies as possible, so our users can choose the best fitting tools for them, with as few limitations as possible. “Cumulative Oaktree Proceeds” means, as of each Realization Event, the sum of (i) Oaktree Proceeds for such Realization Event and (ii) all prior Realization Events. Bloomberg. Array Technologies is the leading US-based manufacturer of smart, cost-effective, reliable and robust solar tracking systems...more than 4 GW shipped & counting ... Oaktree backs Array Technologies Mr. Array said in a press release yesterday that it will hold a secondary offering of 31 million shares of its common stock, with an option of selling an additional 4.4 million. Post-initial public offering, given the underwriters chose to exercise their option to buy an additional 7,125,000 shares from the selling shareholders, ATI Investment Parent LLC Shares of Array Technologies Inc. ARRY, +5.77% charged out of the gate, as the first trade was 34% above where the upsized initial public offering priced. Levity Live, an operator of live comedy venues in the United States, in the sale of a majority ownership stake to AMC Networks FINANCIALS. Accessibility Statement. Array , Bloomberg (Bloomberg) -- Solar company Array Technologies Inc. and its largest shareholder raised $1.05 billion after increasing the size of an initial public offering and pricing it above a marketed range. Array Technologies stock offers an attractive long-term play on solar growth. But investors should look for a better entry point down the line. Array Technologies stock is likely to become a long-term winner as the future looks bright for shareholders The post Prepare for a Good Opportunity to Go Long Array Technologies Stock appeared... Amidst surging demand for energy transition-linked investments, Array Technologies shares jumped by nearly two thirds after debuting on the Nasdaq Global Market on Thursday. A pioneer in solar tracking, Array has been providing customers with solar expertise for over 20 years. Oaktree acquired Array in July 2016 in conjunction with Ron Corio and its management team. ALBUQUERQUE, N.M., March 16, 2021 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (NASDAQ: ARRY) (the “Company”) today announced that a stockholder of the Company controlled by Oaktree Capital (the “Selling Stockholder”) has commenced an underwritten public offering of 31,054,971 shares of the Company’s common stock pursuant to a registration statement filed with the Securities … Array Technologies, a manufacturer of ground-mounting systems for solar energy projects, has increased the size of its upcoming IPO on the Nasdaq from about 33.8 million shares to 45 million shares.Based in Albuquerque, Array still plans to offer shares for between $19 and $21 apiece, meaning a midpoint pricing would now raise $900 million. Array Technologies, Inc. (the “Company”) today announced that it has launched the roadshow for the initial public offering of its common stock. Array Technologies sold 7 million shares as part of the IPO. Array Technologies is registered under the ticker NASDAQ:ARRY . … Oaktree Capital Offloads $869.5M Stake In Array Technologies - Flipboard Oaktree Capital, which purchased majority ownership in the private company in 2016, is selling about 26.8 million of its shares, and Array executives are offering 7 million. Parties, docket activity and news coverage of federal case Plymouth County Retirement Association v. Array Technologies, Inc. et al, case number 1:21-cv-04390, from New York Southern Court. ... We aim to support the widest array of browsers and assistive technologies as possible, so our users can choose the best fitting tools for them, with as few limitations as possible. July 13 (SeeNews) - US private equity group Oaktree Capital Management LP has invested in US solar tracker manufacturer Array Technologies Inc, the latter said on Tuesday, without disclosing terms of the deal. Jack in the Box Inc. in its sale of its Qdoba Mexican Eats fast-casual Mexican food brand to an affiliate of Apollo Global Management LLC. Array Technologies produces and implements a ground mounting system for utility-scale projects. Oaktree Wholesale Accessibility Statement. Array Technologies, based in Albuquerque, New Mexico, had earlier increased the size of the sale from 33.75 million shares. Less More. 333 SOUTH GRAND AVENUE, 28TH FLOOR (Street) LOS ANGELES CA 90071 (City) (State) (Zip) Explanation of Responses: 1. The New Mexico-based maker of solar ground mounting systems and “trackers” priced its initial public offering at $22.00 per share. Other tracker vendors include Soltec, Arctech, SolarSTI, GameChange Solar and Solar Steel. What Happened: Array’s common stock will make its trading debut on Thursday on the Nasdaq Stock Market under the symbol “ARRY.” The IPO is expected to formally close on Monday. ATI Investment Parent, an entity controlled by Oaktree Capital, sold about 40.5 million shares in the offering. benzinga.com - Solar energy tracker solution provider Array Technologies Inc (NASDAQ: ARRY) has priced 31 million shares at $28 per share in a secondary offering. Oaktree Funding is currently approved with several government agencies allowing for an even further breadth of product availability. It is illegal for insiders to make trades in their companies based on specific, non-public information. Employees at Array Technologies assemble parts for solar trackers in this file photo. Array Technologies sold 7 million shares Wednesday for US$22 each after marketing them for US$19 to US$21. Motor box assembly at Array Technologies in Albuquerque in July 2016. Array Technologies is funded by Oaktree Capital Management. Find the latest Array Technologies, Inc. (ARRY) stock discussions in Yahoo Finance's forum. The offering of 47.5 million shares values Array, which is backed by US private equity firm Oaktree … Lee currently serves on the boards of NAPEC and Array Technologies, a publicly held solar tracking and solutions company. ATI Investment Parent LLC, an entity controlled by Oaktree Capital Group LLC, sold 40.5 million shares in the offering. Represents the redemption of a portion of the ATI Investment Parent, LLC ("Parent") interests of certain Parent unitholders in exchange for the Array Technologies… Oaktree has partnered with Array to provide the company with capital and strategic support to expand its global footprint as a leading provider of utility-scale solar tracking solutions. Their stock opened with $22.00 in its Oct 14, 2020 IPO. Announces Pricing of Secondary Offering of 31,054,971 Shares GlobeNewswire - 8:56 PM ET 03/18/2021 BRIEF-Array Technologies Files For Common Stock Offering Of Up To 31.05 Mln Shares Of Common Stock By The Selling Stockholder Greater Los Angeles Area. Array Technologies, a manufacturer of tracking solutions in the solar energy domain, raised $1.05 billion from its initial public offering on Wednesday. Kirkland & Ellis counseled Array Technologies, Inc., and the parent entity of Array (controlled by Oaktree Capital), on the closing of its upsized initial public offering of 54,625,000 shares of common stock. October 8 (Renewables Now) - US solar tracker manufacturer Array Technologies Inc has kicked off the roadshow for its initial public offering (IPO) on Nasdaq, it said on Wednesday. Forth was a Managing Director at Oaktree from 2009 to 2016. Oaktree Capital Management LP said it invested in acquire solar-equipment maker Array Technologies Inc. WSJ Pro Private Equity reported last week that a … Judicial Intern United States District Court for the Southern District of New York. Array Technologies has raised 1 round. Array Technologies, Inc. manufactures and supplies solar tracking systems and related products for customers in the United States and internationally. Array Technologies Inc., a maker of solar trackers, said its initial public offering priced at $22 a share, with a larger price and size than its estimated terms. Mr. Cannova is a vice president in Oaktree’s GFI Energy Group, which executes the Power Opportunities investment strategy. The day’s price range saw the stock hit a low of $27.2908, while the highest price level was $29.04. Oaktree Power Opportunities Fund IV (Parallel), L.P. is listed as an insider in the following companies: SHLS / Shoals Technologies Group, Inc. Class A ARRY / Array Technologies Inc Insiders are officers, directors, or significant investors in a company. Oaktree and Corio will continue to own more than half of the company’s voting power. Array Technologies, Inc. (NASDAQ: ARRY) (the “Company”) today announced the closing of the previously announced secondary offering by a stockholder of the Company controlled by Oaktree Capital (the “Selling Stockholder”). Array Technologies, Inc. (NASDAQ: ARRY) has traded sharply higher on its debut in trading. ATI Investment Parent LLC, an entity controlled by Oaktree Capital Group LLC, sold 40.5 million shares in the offering. Array Technologies, a manufacturer of ground-mounting systems for solar energy projects, has increased the size of its upcoming IPO on the Nasdaq from about 33.8 million shares to 45 million shares.Based in Albuquerque, Array still plans to offer shares for between $19 and $21 apiece, meaning a midpoint pricing would now raise $900 million. Array Technologies is a manufacturer of innovative, cost-effective, reliable and robust solar tracking systems. Headquartered in Albuquerque, New Mexico, Array has shipped and installed over 22 gigawatts across the globe. Their core products are solar tracking systems that move solar panels during the day to efficiently harness light from the sun and ultimately convert it to energy. Array Technologies, a profitable solar-tracker company, is going public the old-fashioned way. The DuraTrack HZ v3 … Array Technologies, based in Albuquerque, New Mexico, had earlier increased the size of the sale from 33.75 million shares. Mr. Oaktree Capital Management invested in Array in 2016. Their stock opened with $22.00 in its Oct 14, 2020 IPO. The offering of 47.5 million shares values Array, which is backed by U.S. private equity firm Oaktree Capital, at $2.8 billion.It had aimed to sell 45 million shares at $19 to $21 per share. The company has been pioneering robust, reliable and easy-to-install solar tracking systems for over two decades, and engineers and manufactures in the USA. Array Technologies posted net income of $76.1 million off of $552.6 million in revenues for the first half of 2020. This was a Seed round raised on Jul 12, 2016. Oaktree Funding is currently approved with several government agencies allowing for an even further breadth of product availability. The offering consisted of 7,000,000 shares of common stock issued and sold by the Company and 47,625,000 shares of common stock sold by a parent entity of the Company controlled by Oaktree … Saved. October 8 (Renewables Now) - US solar tracker manufacturer Array Technologies Inc has kicked off the roadshow for its initial public offering (IPO) on Nasdaq, it said on Wednesday. Array Technologies provides tracking solutions for utility, commercial and residential solar-generation systems. Mr. Almost 80% of this initial offering is coming from insiders like sponsor Oaktree Capital. Document filed by Plymouth County Retirement Association..(McConville, Francis) Document filed by Plymouth County Retirement Association..(McConville, Francis) Array Technologies in its acquisition by Oaktree Capital’s GFI Energy Group. ATI Investment Parent LLC, an entity controlled by Oaktree Capital Group LLC, sold 40.5 million shares in the offering. Array Technologies sold 7 million shares Wednesday for $22 each after marketing them for $19 to $21. The Co This is a new type of energy transition exit for us to review! Oaktree Capital bought an undisclosed stake in Array in 2016. Learn about the SCoRE. Stock Markets Oct 14, 2020 09:45PM ET. ... OakTree purchased the company via a LBO through the OakTree Power Opportunities Group. ALBUQUERQUE, N.M., March 16, 2021 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (NASDAQ: ARRY) (the “Company”) today announced that a stockholder of the Company controlled by Oaktree Capital (the “Selling Stockholder”) has commenced an underwritten public offering of 31,054,971 shares of the Company’s common stock pursuant to a registration statement filed with the Securities … Oaktree-backed solar company Array Technologies has raised $1.05 billion in the … Press Release Array Technologies, Inc. Oaktree Capital Management LP has made an undisclosed investment in Array Technologies Inc. Headquartered in Albuquerque, New Mexico, Array is … Summary. Bloomberg | Quint is a multiplatform, Indian business and financial news company. Oaktree-Backed Solar Firm Array Technologies’ IPO Raises $1.05 Billion. Share your opinion and gain insight from other stock traders and investors. The firm, via an entity called ATI Investment Parent, owns 59.3% of Array after the IPO. When it prices, Array will offer 33.8 million shares at a range between $19 and $21. Oaktree Wholesale Accessibility Statement. SCoRE: 52 . On October 14, 2020, we converted into a Delaware corporation pursuant to a statutory conversion and changed our name to Array Technologies, Inc. Our operating company, Array Tech, Inc. (formerly, Array Technologies, Inc.), was incorporated in the State of New Mexico in 1992. Array Technologies, Inc. Common Stock ... Power, “Oaktree”) and Ron P. Corio, our founder, currently beneficially own a majority of our common stock through ATI Investment Parent, LLC (“Parent”), which currently owns 57% of our common stock. Array Technologies, Inc. (“Array”), a leading manufacturer of solar tracking solutions, announced recently an investment made by funds managed by the Power Opportunities group of Oaktree Capital Management, L.P. (“Oaktree”). Array Technologies went public in October 2020, raising more than $1 billion at a valuation of $2.8 billion (1). Array Technologies will be offering 33.81 million shares under its planned IPO; It will comprise 7 million shares from Array and 26.75 million from its parent, Oaktree Capital; Pricing it within $19.00 to $21.00 per share range, Array hopes to raise around $675 million ALBUQUERQUE, N.M., Dec. 07, 2020 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (NASDAQ: ARRY) (the “Company”) today announced the closing of the previously announced secondary offering by a parent entity of the Company controlled by Oaktree Capital (the “Selling Stockholder”). As of June 30, 2020, Array Technologies had 343 full-time employees. CEO James Fusaro’s total compensation package in 2019 was $3.5 million. Yesterday after close of trading, Array announced that one of its stockholders, controlled by Oaktree, is selling at least 25 million shares of Array, and perhaps as many as 28.75 million shares. This is definitely considered to be a hot IPO, but the ownership structure may act as an overhang after the dust settles. Their core products are solar tracking systems that move solar panels during the day to efficiently harness light from the sun and ultimately convert it to energy. Security Date/Time Rebate Rate Fee Rate Shares Available; ARRAY TECHNOLOGIES INC ARRY: 2021-05-19 21:15:03 UTC-0.4123: 0.4623: 5500000: ARRAY TECHNOLOGIES INC ARRY Shoals Technologies Secures Investment, Enters Partnership Solar balance-of-systems company Shoals Technologies Group has announced an investment by funds managed by the Power Opportunities group of Oaktree Capital Management LP. Prior to joining Bridgelink Investments, Eric led a five-month consulting engagement advising the C-suite of Array Technologies, an Oaktree Capital-backed solar tracking provider, on its strategic expansion into Brazil, in parallel with Array’s $1 billion NASDAQ IPO.
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