Array Technologies Plunges 14.91% Amid Trade Ruling Concerns

Array Technologies' stock price plummeted by 14.91% in pre-market trading on May 22, 2025, marking a significant downturn for the company.

Array Technologies' first quarter adjusted gross margin was compressed to 26.5% due to impacts from legacy volume commitment agreements and large international lower margin projects. This financial performance has raised concerns among investors about the company's profitability and market position.

The U.S. International Trade Commission (ITC) has made an affirmative determination in its final phase antidumping and countervailing duty investigation, which could have significant implications for Array Technologies. The ruling is expected to impact the solar industry, with Array Technologies being one of the key players affected.

This decision by the ITC has put a spotlight on Array Technologies, as the company navigates the potential challenges posed by the trade ruling. The outcome of this investigation could influence the company's future strategies and market performance.