ARRY

Market Reaction to Fed's Rate Cut: Stocks experienced a significant rally following the Federal Reserve's third consecutive rate cut, with the Russell 2000 reaching all-time highs and the Dow Jones Industrial Average gaining 558 points. Despite Jerome Powell's neutral tone and indications of no further cuts in January, investors were encouraged by the Fed's improved economic outlook.

Economic Projections and Fed's Position: The Fed's updated projections indicate stronger growth and softer inflation, with real GDP expected to grow 2.3% in 2026. Powell emphasized that the current interest rate is within a neutral range, and the Fed is prepared to monitor economic developments before making further decisions.

Tensions Within the Fed: The decision to cut rates was supported by 9 of 12 officials, highlighting internal divisions regarding the balance between employment and inflation goals. Powell acknowledged the challenges posed by rising jobless claims and inflation remaining above target.

Sector Performance: Rate-sensitive sectors, including regional banks, homebuilders, and clean energy stocks, saw substantial gains. Notable increases were observed in the SPDR S&P Regional Banking ETF and the iShares Home Construction ETF, reflecting investor optimism driven by the Fed's economic forecasts.

Upcoming Investor Events: ARRAY Technologies' senior management will participate in a Jefferies Fireside Chat on November 19, 2025, and the UBS Global Technology and AI Conference on December 3-4, 2025, where they will also hold one-on-one meetings with investors.

Company Overview: ARRAY Technologies is a leading provider of solar tracking technology and fixed-tilt systems, focusing on optimizing energy production for utility-scale and distributed generation customers, with a strong emphasis on domestic manufacturing and a customer-centric approach.