ARRAY Technologies gain on APA Solar acquisition

Array Technologies

18/06/2025 12:44

** 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

 (Reporting by Sumit Saha in Bengaluru)

 ((Sumit.Saha@thomsonreuters.com;))