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Stock impact report

Array CEO Kevin Hostetler Testifies Before Congress on the Solar Manufacturing Boom from the Inflation Reduction Act

Array Technologies, Inc. (ARRY) 
Last array technologies, inc. earnings: 5/7 08:00 am Check Earnings Report
Company Research Source: GlobeNewswire
ALBUQUERQUE, N.M., June 12, 2024 (GLOBE NEWSWIRE) -- Today, Kevin G. Hostetler, chief executive officer of Array Technologies (NASDAQ: ARRY), a leading provider of tracker solutions and services for utility-scale solar energy projects, testified before the Congressional Joint Economic Committee. The hearing, “Made in America: The Boom in U.S. Manufacturing Investment,” addressed the growth of the solar and manufacturing industries following the passage of the Inflation Reduction Act. Committee Chair, U.S. Senator Martin Heinrich (D-NM), joined Hostetler in April for the groundbreaking of Array’s new $50 million manufacturing facility in Albuquerque, NM, which will employ 300 local residents in the near term to facilitate the production, assembly, design, engineering, and customer service of solar tracking technology. Array’s expansion was made possible by the production tax credit in the Inflation Reduction Act (IRA), which has spurred growth in renewable energy and created jobs in Show less Read more
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