Why These Energy Stocks Are Losing This Week

8. Array Technologies, Inc. (NASDAQ:ARRY)

Share Price Decline Between May 20 – May. 27: 8.74%

Array Technologies, Inc. (NASDAQ:ARRY) is a leading global provider of solar tracking technology to utility-scale and distributed generation customers, who construct, develop, and operate solar PV sites.

The share price of Array Technologies, Inc. (NASDAQ:ARRY) fell last week after investors reacted negatively to the House of Representatives advancing President Trump’s ‘one big beautiful bill’, which may end numerous green-energy subsidies that have supported the renewable energy sector. While the industry was already expecting the gradual phase-out of wind and solar tax credits, the latest version of the bill accelerates this timeline, dealing a serious blow to the solar energy industry, which relies heavily on such credits.

That said, Array Technologies, Inc. (NASDAQ:ARRY) posted strong results for its Q1 2025 earlier this month, beating expectations in both revenue and earnings. The company reported a strong revenue growth of 97.1% YoY and achieved the second-largest quarter of volume shipped since 2023, indicating solid market share recovery.