Why Array Technologies Shares Plunged 15% Today
Shares of Array Technologies (NASDAQ: ARRY) fell as much as 15% in trading Tuesday after the solar industry supplier announced a new customer order. At 1:40 p.m. EST, shares had recovered slightly but were still down 9.5% for the day.
Today's announcement was a 1.4 gigawatt (GW) purchase agreement from Lightsource bp's solar development arm. The order is for the single-axis tracker known as DuraTrack HZ v3 with plant optimizing SmarTrack technology.
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Source Fool.com
