Array Technologies buys Affordable Wire Management for $203M

Array Technologies, the solar tracker maker, will buy Affordable Wire Management for as much as $203 million. Affordable Wire makes wire management and cable protection gear for solar and energy storage projects.

The acquisition gives Array a product line in balance-of-system components – wiring, cable trays, and protection hardware – categories where tracker makers increasingly bundle gear to win larger project contracts. Solar developers often prefer single-supplier packages for tracker, wiring and monitoring, a dynamic that favors companies with broader offerings.

Array's Alpha Score sits at 23, classified as Weak by AlphaScala's ARRY stock page model. The score reflects the company's recent earnings pressure and competitive headwinds in the utility-scale solar market.

The transaction is expected to close in the third quarter, subject to regulatory approvals.