About Array Technologies, Inc. - Common Stock (ARRY)
Array Technologies Inc is a leading provider of solar tracking solutions, specializing in the design and manufacture of advanced solar tracking systems that optimize energy generation from solar panels. The company's innovative technology is aimed at enhancing the efficiency of solar power installations, helping to maximize output while minimizing land use and costs. Array Technologies focuses on developing sustainable energy solutions to support the growing demand for renewable energy, facilitating the deployment of solar farms worldwide. By leveraging cutting-edge engineering and manufacturing practices, the company plays a crucial role in advancing the solar energy industry and enabling a cleaner, more sustainable future. Read More
ALBUQUERQUE, N.M., June 24, 2025 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (NASDAQ: ARRY) (the “Company” or “ARRAY”) today announced that it has priced an upsized offering of $300 million in aggregate principal amount of 2.875% convertible senior notes due 2031 (the “Notes”) in a private placement (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”). ARRAY has also granted the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period from, and including the date on which the Notes are first issued, up to an additional $45 million in aggregate principal amount of Notes. The Offering is expected to close on June 27, 2025, subject to the satisfaction of customary closing conditions.
Let's have a look at what is happening on the US markets before the opening bell on Tuesday. Below you can find the top gainers and losers in today's pre-market session.
ALBUQUERQUE, N.M., June 24, 2025 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (NASDAQ: ARRY) (the “Company” or “ARRAY”) today announced that, subject to market conditions, it intends to offer $250 million in aggregate principal amount of convertible senior notes due 2031 (the “Notes”) in a private placement (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”). ARRAY also intends to grant the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period from, and including the date on which the Notes are first issued, up to an additional $37.5 million aggregate principal amount of Notes.
Elon Musk has voiced concerns over the future of American energy independence in response to a series of posts from his brother Kimball Musk and Jesse Peltan, co-founder and CTO of HODL Ranch about the impact of new legislation on renewable energy growth.
The world will invest $3.3 trillion in energy by 2025, with solar taking the lead. U.S. companies like First Solar, Nextracker, and Array Technologies are well-positioned to benefit.
A number of stocks fell in the morning session after a GOP bill was passed to end some of the tax benefits granted to clean energy companies during the Biden administration.
Mizuho analyst Maheep Mandloi said the faster phaseout of tax credits was expected but warned that stricter rules on “foreign entities of concern” and a 2026–2028 cut-off pose a greater risk to the sector.
Solar tracking systems manufacturer Array (NASDAQ:ARRY) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, with sales up 97.1% year on year to $302.4 million. The company’s full-year revenue guidance of $1.1 billion at the midpoint came in 0.6% above analysts’ estimates. Its non-GAAP loss of $0.01 per share was significantly below analysts’ consensus estimates.
Exciting developments are taking place for the stocks in this article.
They’ve all surged ahead of the broader market over the last month as catalysts such as new products and positive media coverage have propelled their returns.
Let's delve into the US markets on Tuesday and uncover the stocks that are experiencing notable gaps in today's session. Below, you'll find the gap up and gap down stocks.
