ARRY Stock Recent News
ARRY LATEST HEADLINES
In the latest trading session, Array Technologies, Inc. (ARRY) closed at $14.16, marking a -0.07% move from the previous day.
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In the closing of the recent trading day, Array Technologies, Inc. (ARRY) stood at $13.68, denoting a -0.29% change from the preceding trading day.
Array Technologies, Inc. (ARRY) concluded the recent trading session at $13.02, signifying a -1.44% move from its prior day's close.
Palantir and Array Technologies are still down massively from their previous valuation peaks. Each company is seeing encouraging momentum on some key fronts.
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Array Technologies is in the midst of a downturn, along with the rest of the solar energy market. The company is making progress on its profit margins despite the downturn.
The macroeconomic picture that held clean energy stocks lower in 2023 is shifting. High-interest rates have been a detriment to multiple sectors this year, including solar energy and electric vehicles (EVs) — among others.
While the prospect of lower interest rates has reignited excitement surrounding solar stocks, the Federal Reserve's decision to leave rates untouched to close out the year did little to lift such equities.
The Fed's expectation of falling rates in 2024 has given investors a reason to buy solar stocks this week. Array Technologies' revenue has been in decline, so this could boost the company's operations.