General tech
Experts: ARRY’s 42% Crash vs General Tech’s 15% Decline
ARRY’s shares plunged 42% in 2023, far outpacing the technology sector’s 15% decline, because aggressive inventory write-downs, weaker unit-sales guidance and a surge in debt-refinancing costs undermined investor confidence. The broader market’s modest fall masks deep-seated stresses that hurt high-capital-intensive firms more than cash-rich peers. Financial Disclaimer: