Array Technologies (ARRY) Drops 5.6% Ahead of Tax Credit Deadline

We recently published 10 Big Names Crumbling Before 2026. Array Technologies Inc. (NASDAQ:ARRY) is one of the worst performers on Tuesday.

Array Technologies dropped for a second day on Tuesday, shedding 5.62 percent to close at $9.40 apiece as investors continued to take profits after the stock retested the $10 territory, while digesting the potential impact of the looming deadline on clean energy tax credits.

Array Technologies Inc. (NASDAQ:ARRY), a US-based firm engaged in designing and manufacturing solar tracking systems for large-scale solar power plants, is expected to be impacted indirectly by the Trump administration’s accelerated deadlines for solar tax credits.

Under the newly signed One Big Beautiful Bill Act, projects must have kicked off construction by July 4, 2026 and be placed in service by December 31, 2027 to still qualify for the credits; otherwise, they will lose the tax incentives altogether.

Last week, Array Technologies Inc. (NASDAQ:ARRY) soared to a new record high of $10.47 amid the Christmas holiday rush, but profit-taking persisted this week to pull its share price down to the $9 level anew.

Year-to-date, the stock was up by 55.63 percent.

While we acknowledge the potential of ARRY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.