Array Technologies Boosts OmniTrack's Terrain-Following to 2 Degrees, Promising Cost & Speed Benefits
Summary
Array Technologies announced a significant update to its OmniTrack solar tracker, doubling its terrain-following capability to 2 degrees of slope change between adjacent posts. This enhancement is expected to unlock substantial cost savings and faster deployment for customers by reducing the need for site grading and minimizing environmental impact. The OmniTrack product already represents the highest share of Array's orderbook, making this improvement material for future sales. This positive product development follows recent Q1 2026 earnings that reported a decline in revenue and adjusted EPS. The updated OmniTrack is available for quoting now and is expected to ship in Q3 2026.
At the time of this announcement, ARRY was trading at $9.00 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $5.39 to $12.23. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.