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Why Shares of Array Technologies Are Soaring This Week

Why Shares of Array Technologies Are Soaring This Week

The days may be growing shorter, but Array Technologies (NASDAQ: ARRY) shone brightly in investors' eyes this week after the solar company reported third-quarter 2022 earnings. As of the end of trading on Thursday, shares of Array, a leader in solar-tracking equipment for utility-scale applications, have shot up 20.6% since the end of trading last Friday. Setting a new quarterly record for revenue, Array reported sales of $515 million, representing a year-over-year gain of 173%.