Investigation announced for Investors in shares of Array Technologies, Inc. (NASDAQ: ARRY)

An investigation was announced over potential securities laws violations by Array Technologies, Inc. and certain of its directors and officers in connection with certain financial statements.

Investors who purchased shares of Array Technologies, Inc. (NASDAQ: ARRY), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Array Technologies, Inc. (NASDAQ: ARRY) concerning whether a series of statements by Array Technologies, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Albuquerque, MA based Array Technologies, Inc. manufactures and supplies solar tracking systems and related products for customers in the United States and internationally. Array Technologies, Inc. reported that its annual Total Revenue rose from $647.89 million in 2019 to $872.66 million in 2020, and that its Net Income increased from $39.74 million in 2019 to $59.07 million in 2020.
On or about October 15, 2020, Array Technologies, Inc sold about 47.5 million shares of stock in its initial public stock offering (the "IPO") at $22.00 a share, raising nearly $1 billion in new capital.

Shares of Array Technologies, Inc. (NASDAQ: ARRY) declined on May 12, 2021, to as low as $13.22 per share.

Those who purchased shares of Array Technologies, Inc. (NASDAQ: ARRY) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.