Several U.S. solar tracker manufacturers have launched or expanded 100% domestic content solar tracker solutions in response to new federal regulations, aiming to meet domestic content thresholds and qualify for tax credits. Companies such as OMCO Solar, Terrasmart, Nextracker, ARRAY Technologies, GameChange Solar, and FTC Solar have announced domestic manufacturing capabilities or safe harbor strategies. These developments are driven by changes in the U.S. Treasury’s guidance on construction start dates and domestic content requirements, with a focus on supply chain resilience, cost efficiency, and environmental sustainability. Key projects include the 200 MWac Emerald Green Solar project in Indiana using ARRAY’s domestic trackers, and ongoing efforts by GameChange and FTC to support module-agnostic designs for future flexibility.

TDS and US Cellular are undergoing a strategic transformation from wireless service providers to infrastructure-focused companies by selling their wireless businesses and focusing on tower and fiber expansion. US Cellular sold its wireless operations to T-Mobile in August 2025, receiving a $23-per-share special dividend of $1.63 billion, which enabled the redemption of $1.1 billion in high-cost debt. TDS, now focused on fiber and tower infrastructure, added 27,000 new fiber service addresses in Q2 2025, reaching 968,000 total addresses—53% of its addressable market—and is targeting 1.8 million marketable fiber addresses by 2025. TDS also benefits from a new Master License Agreement with T-Mobile, securing 2,015 colocation sites and extending 600 existing sites by 15 years. The transaction reduced TDS's average cost of debt to over 6%, resulting in $80 million in annual interest savings. S&P upgraded TDS's credit rating to BBB- in August 2025, reflecting improved financial health. The companies are monetizing 70% of Array's spectrum holdings with AT&T and Verizon, expected to generate $2 billion in proceeds by 2026, though this comes with $450–$575 million in tax liabilities. The shift signals a broader industry evolution from commodity services to high-growth, high-margin infrastructure, with strong potential in rural broadband access and 5G deployment.

Oppenheimer has reaffirmed its 'Outperform' rating on Array Technologies (NASDAQ: ARRY) and raised its target price to $13.00, citing strong second-quarter financial results. The company reported robust performance, adjusting its 2025 revenue guidance upward by approximately 9% and maintaining EBITDA guidance. Analysts at InvestingPro expect 24% revenue growth for 2025, and the company maintains a healthy current ratio of 2.39. Oppenheimer highlights the company's expanding portfolio and improved order book quality, noting no write-downs in the quarter. The research firm expects further upside in Q4 2025 due to APA integration and customer responsiveness to ITC expiries. Array Technologies has also announced plans to supply solar tracking systems for an ENGIE North America 200MW project in Indiana, meeting 100% domestic content requirements under new U.S. Treasury guidelines. The company issued a $300 million convertible preferred bond, expanded to $345 million via over-allotment, with a 2.875% coupon maturing in 2031. The bond will be used for debt repayment, collar transactions, and other corporate purposes. Mizuho maintains a neutral rating with a $9.00 target, while Goldman Sachs continues to support the stock with a buy rating and $11.00 target. Array also plans to issue an additional $250 million convertible preferred bond with semi-annual interest payments, allowing investors to convert into cash or shares at the company's discretion.

Array Technologies Inc (ARRY) reported strong Q2 2025 financial results, including $362 million in revenue (42% YoY growth), $28 million net income (138% YoY increase), and 84% YoY volume growth. The company launched new products OmniTrac and Skylink (35% of order book) and acquired APA Solar, which is expected to be EPS accretive. Regulatory uncertainties, including changes to solar tax credits and high interest rates in Brazil (15%), are impacting margins and project timelines. The company anticipates continued order flow in Q4 2025 pending regulatory clarity.

Array Technologies reported Q2 2025 earnings that exceeded market expectations, with higher-than-forecasted earnings per share (EPS) and revenue. The company's stock surged in premarket trading following the results, and its high volatility (Beta 1.74) highlights its sensitivity to market movements.