Array Technologies Inc. (ARRY) saw its stock plummet 13.44% in the pre-market trading session on Friday. The steep decline came after the company released its fourth-quarter 2024 results and provided disappointing guidance for the full year 2025.
While Array Technologies' fourth-quarter revenue of $275.2 million narrowly beat analysts' expectations, the company posted a net loss of $74 million and an adjusted EBITDA of $45.2 million, missing the consensus estimate. However, the real driver behind the stock's plummet was the company's weak outlook for 2025.
For the full year 2025, Array Technologies guided for revenue in the range of $260-$270 million and adjusted EBITDA of $180-$200 million, both falling short of Wall Street's expectations. This weak guidance raised concerns among investors about the company's potential challenges ahead in terms of growth and profitability, overshadowing its better-than-expected fourth-quarter revenue performance.
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