Now that it appears Joe Biden will become the next President of the United States, climate change is going to be one of the most important issues over the next four years.
And one thing is certain… The government has the ability to absolutely push the pedal to the metal when it comes to investing in clean energy.
Over the years, through innovation and billions of dollars’ worth of government subsidies, solar energy has reached competitive levels relative to fossil-fuels.
And now it’s poised to experience rapid growth.
The demand for technologies and hardware that allow solar projects to become more efficient has never been higher.
So today, I’m going to breakdown Array Technologies Inc. (NASDAQ: ARRY) – one of the hottest new publicly traded solar companies in the world.
Here’s everything you need to know about the Array Technologies IPO…
Array’s Mission & Core Business
Solar energy is the fastest-growing sector in the renewable energy space.
And Albuquerque-based Array Technologies’ mission is to “address the inefficiencies of the energy market by offering smart technology-led solutions based on innovation and customer focus, helping to provide flexibility and de-carbonize the energy system and the environment.”
The company does this by producing and implementing a ground mounting system for utility-scale projects.
Ground-mounted solar systems are one of the fastest-growing components within the industry, growing at a compound rate of 20% and representing 22% of all new solar generation last year.
Array’s revenue is primarily generated from the sale of “solar tracking” systems that attach to the ground mounted systems.
These tracking systems move solar panels to face the sun as it moves throughout the day to more efficiently harness light and thus, energy.
Array’s proprietary technology ultimately allows its clients to convert the same amount of sunlight to more energy than systems that remain in a fixed location all day.
In fact, Array’s trackers can generate up to 25% more energy while simultaneously delivering a 22% lower cost of energy.
ARRY’s Financial Performance
It takes about three months for Array Technologies to complete each solar tracking system installation. And the company generates an average of $6 million per contract.
Array generated $647 millionin revenue during fiscal 2019. That’s a 123% increase over the $291 million itearned in 2018.
In the first two quarters of 2020, the company earned $552 million in revenue. That 145% increase over the $225 million earned it generated over the same timeframe in 2019 is an indication that full growth mode for ARRY is still in progress.
It’s also important to note that the total megawatts Array has delivered increased 132% year-over-year from 2019 to 2020. This highlights the company’s sales performance and product acceptance.
Array plans to continue growing by making the next generation of its ground-mounting systems more efficient, growing its international business, servicing its current install base with new software for the solar trackers, and expanding into related products and services though acquisitions.
In order to do all of this, the company decided to IPO in October and raise a little over $1 billion in the process.
ARRY stock started trading for $22 per share last month and early investors are already reaping a 77% reward with the stock up to $39 per share just one month later.
That’s phenomenal growth in such a short period of time, but it’s obviously not something investors should expect on a monthly basis.
While I am long-term bullish on ARRY, I might wait until the stock comes down to the $30 range before investing.
The only thing better would have been to invest in Array before it went public.
Although it’s too late to do that, you can still invest in other private companies right now with the hope of them going public one day and making you rich in the process.
A recent act of Congress entitled “HR 3606” makes it so virtually all Americans can become angel investors!
Thanks to this law, if you’re an American citizen over the age of 18…
YOU can grab shares in tiny companies with the potential for explosive growth long before they ever hit the stock market.
You don’t have to submit bank statements or pass any tests!
If you have $100 and five minutes to spare, you can become an angel investor!
Regular Americans all over the country are already taking advantage and getting incredibly rich.
I’m talking about people like:
- Joseph K. of Cincinnati, who says his startup shares are worth “just under $100 million.”
- Or Susanne P. of San Francisco, who reports that she’s walking away with $6 million — after paying California taxes!
- And Kurt R. of York, Pennsylvania, who tells us he’s cashing out of his startup for a whopping $17 million.
This is the wealth-building event of the century…
And there is no time to waste!
That’s why ex-Morgan Stanley banker Jason Williams has prepared an urgent presentation called “Angel Investing Unlocked.”
In it, he’ll explain exactly how you can get started as an angel investor TODAY…
And how you can potentially transform a tiny starting stake into $1,000,000+.
This is your chance to get in early on the next Amazon, Google, or Starbucks!
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