Kasope Harrison's questions to Array Technologies Inc (ARRY) leadership • Q1 2025
Question
An analyst on behalf of Kasope Harrison asked whether the current uncertainty in the domestic bookings environment is driven more by the Inflation Reduction Act (IRA) or by tariffs. A follow-up question clarified when the preferred stock distributions must be paid in cash.
Answer
CEO Kevin Hostetler responded that the uncertainty is caused by both factors, as customers struggle to price future projects (late 2026/2027) without clarity on total component costs and potential IRA changes. He also stated that the mandatory cash payment for preferred stock distributions begins in the summer of 2026.