Why Shares of Array Technologies Are Plunging Today
Shares of solar power stock Array Technologies (NASDAQ: ARRY) continued to tumble Tuesday, extending their slide of the past couple of weeks. As of 11:48 a.m. ET, shares were down 14.9% for the session.
After the market closed Monday, Array Technologies announced that it plans to raise capital to help finance an acquisition. That plan -- to the chagrin of investors -- may result in more shareholder dilution.
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Source Fool.com
