Array Technologies, Inc. - Common Stock (ARRY)

Competitors to Array Technologies, Inc. - Common Stock (ARRY)

Canadian Solar Inc. 

Canadian Solar not only manufactures solar photovoltaic modules but also offers utility-scale solar power projects, putting it in direct competition with Array Technologies. Canadian Solar's capacity to provide both generation and mounting solutions allows it to serve as a one-stop shop for solar projects compared to Array's niche focus on solar tracking systems. This broader service offering gives Canadian Solar a competitive edge in project bids across both residential and commercial sectors.

Enphase Energy, Inc. 

Enphase Energy competes with Array Technologies by providing microinverter technology and energy management solutions for solar energy systems, which can be utilized alongside the tracking solutions provided by Array. While their primary focus is on inverter solutions, their innovations in energy management and efficiency make them competitors in the solar ecosystem. Enphase's technology is often seen as a complement to solar projects, yet their advancements in home energy management place them ahead in that space.

First Solar, Inc. 

First Solar competes with Array Technologies by offering comprehensive solar panel manufacturing along with project development services. While Array specializes in solar tracking systems, First Solar's strength lies in its ability to provide complete solar energy solutions, including higher efficiency solar panels. This means that First Solar can leverage its extensive product offerings to provide a more integrated solution to customers, making it a formidable competitor.

NextEra Energy, Inc. 

NextEra Energy competes with Array Technologies primarily through its significant investment in renewable energy projects, including solar and wind energy. While Array focuses on solar tracking technology, NextEra operates as one of the largest generators of wind and solar energy and offers its own advanced solar solutions. This places NextEra in a competitive position as it not only utilizes technologies like those from Array but has vast resources and a broad operational scope in the renewable energy sector.

Sunrun Inc. 

Sunrun specializes in residential solar energy systems, significantly focusing on solar panel installation, which diverges from Array's focus on commercial solar tracking. However, both companies target the growing solar market, with Sunrun having a strong market presence in residential installations. This positioning allows Sunrun to dominate consumer-level solar solutions, while Array retains a stronger foothold in commercial-scale projects and tracking technologies.