ARRAY Technologies gain on APA Solar acquisition

ReutersJun 18, 2025 11:44 AM

Shares of solar tracker maker ARRAY Technologies ARRY.O rise 1.1% to $7.51 premarket

Company to acquire APA Solar for around $179 million, including debt to expand its U.S. manufacturing capabilities

"Demand for engineered foundations growing rapidly and APA's capability to perform in the toughest soil conditions is more efficitent than competitor's offerings," ARRY CEO Kevin Hostetler says

Transaction is expected to close in Q3

As of last close, ARRY shares up 23% YTD

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