Array Technologies Plunges 12.31% as Solar Stocks Reel from Policy Shift

Array Technologies, Inc. (ARRY) experienced a significant drop of 12.31% in pre-market trading on June 24, 2025, reflecting a notable decline in investor sentiment towards the solar energy sector.

One of the primary factors contributing to the decline in Array Technologies' stock price is the broader downturn in solar energy stocks. Recent legislative developments, such as the Senate's passage of a tax-and-spending bill that eliminates renewable energy incentives by 2028, have created uncertainty and negatively impacted the sector. This legislative change has led to a significant sell-off in solar stocks, including Array Technologies.

Additionally, the overall market sentiment towards solar stocks has been bearish, with concerns about the future of renewable energy incentives and the potential impact on the industry's growth prospects. This negative sentiment has been exacerbated by broader market volatility and geopolitical tensions, further weighing on Array Technologies' stock price.