By Amber Deter The Array Technologies IPO brought another eco-investing opportunity to investors. The company has been around for nearly three decades. Now, Array Technologies stock is trading on the Nasdaq for the first time.
But is Array Technologies a good investment? Here’s what we know…
Array Technologies IPO: The Business
Array Technologies manufactures ground-mounting systems for solar energy projects. Its main product is a single-axis tracker. Trackers are used in solar panels to track the sun, moving the panels throughout the day to get the most sunlight. According to BloombergNEF, energy projects using trackers can generate up to 25% more energy while also delivering 22% …read more
