NEW YORK, NY / ACCESSWIRE / May 13, 2021 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Array Technologies, Inc.("Array" or the "Company") (NASDAQ:ARRY). Investors who purchased Array securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/arry.
The investigation concerns whether Array and certain of its officers and/or directors have violated federal securities laws.
Specifically, the investigation focuses on whether Array's filings with the U.S. Securities and Exchange Commission in connection with its October 2020 IPO and subsequent investor communications contained materially false and misleading statements and/or failed to disclose material adverse facts. The company missed its first-quarter profit forecasts and lowered its full-year outlook, stating increases in freight and steel costs. Array's net income dropped from .61 cents per share a year ago to just .02 cents. Following this news, Array stock dropped 46% on May 12, 2021.
If you are aware of any facts relating to this investigation, or purchased Array shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/arry. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
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