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Why Array Technologies Stock Crashed in 2021

Why Array Technologies Stock Crashed in 2021

Shares of Array Technologies (NASDAQ: ARRY) tumbled 63.8% in the first six months of 2021. Array's stock plunged 46% the day after it released its first-quarter earnings for the period ended March 31, 2021. Array CEO Jim Fusaro addressed why earnings were lower than Array's internal expectations, noting "higher than expected logistics costs."