Balance of Systems

Solar racking companies are getting acquired in a consolidating market: Who’s next?

The solar racking market has quiet revenues of billions of dollars and continues to consolidate — driven by equity firms such as Esdec and Tenex. The market segment has become a small hotbed of M&A. Who’s next?

Array Technologies’ share price up 65% on first day as a public company

The IPO priced at $22, above the top of the anticipated range of $19 to $21 — valuing the solar firm at about $2.8 billion. 

IPO update: Solar tracker builder Array Technologies increases number of shares in largest PV IPO of 2020

The reception in the financial community on the eve of the Array Technologies IPO must have been enthusiastic.

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Shoals, solar balance-of-system player, had a strong 2020 and sees an even stronger 2021

Dean Solon of Shoals Technologies Group: “The short version is that it’s been a damned good year.” An interview with Shoals covers the growth of large solar projects in the U.S., high AC/DC ratios and the real costs of using cheap components.

New energy transition exit: the Array Technologies IPO

John Tough of Energize Ventures shares an investor’s view of the biggest solar IPO of 2020. It’s the first and largest solar tracking company available to U.S. public markets.

Solar tracker builder Array Technologies sets its terms in largest solar IPO of 2020

Profitable solar tracker company Array Technologies is going public the old-fashioned way and eschewing the SPAC method being employed by other renewable companies such as QuantumScape and ChargePoint. Did we mention the company was profitable?

Morning Brief: Clean energy SPAC attack continues, Nextracker’s solar tracker design at Australia’s largest PV farm

Also in the brief: David Crane’s SPAC closes its IPO this morning at $230 million, Romeo Systems, a maker of lithium-ion battery packs for EVs is going public via SPAC, FERC OKs CAISO EV charging, storage updates

Soltec plans IPO — another solar tracker company going public

The Spanish solar tracker builder is hoping to debut on the stock markets of Madrid, Barcelona, Bilbao and Valencia this year. American solar tracker company Array Technologies has also filed to go public.

Analyzing the 2% DC voltage drop rule

The good people at Mayfield Renewables take us deep into the technical weeds as they question a rule-of-thumb: Is the 2% DC voltage drop rule accurate for real-world conductor sizing or has technological progress in solar made the rule irrelevant?

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Array Technologies IPO to raise $100 million: 6 takeaways from the S-1

Profitable solar tracker company Array Technologies is going public the old-fashioned way and eschewing the SPAC method being employed by other renewable companies such as QuantumScape and ChargePoint. Did we mention the company was profitable?

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