President Donald Trump's "Big Beautiful Bill" affects many companies across the United States. This bill introduces new tax incentives and burdens. Understanding which companies in the Russell 2000 IIWM) are could benefit from the new incentives and which might be at risk from higher tax costs give insights for investors who track small and mid-cap equities in the U.S. market.

We used our agentic AI tool—Alfa™—to read earnings call transcripts, press releases, and news to assess the individual and sector-level impacts on these stocks. Here’s the report Alfa™ created, or, the Alfa™ Angle.

8 IWM companies mentioning the Big Beautiful Bill

Nextracker Inc.

• Nextracker Inc. was directly impacted by and discussed the House Republican tax bill during their 2025Q1/2025Q4 earnings call, with executives mentioning specific provisions that need improvement including transferability provisions, placed in service versus start of construction timing, and FIOC (Foreign Items of Concern) requirements.  Company executives Dan Sugar and Howard discussed having met with congressional representatives and working with trade associations regarding the bill, indicating their active engagement with the legislation. While the documents don't explicitly name the bill as the "One Big Beautiful Bill Act," they clearly reference the House tax bill that would affect clean energy incentives, with the earnings call taking place in May 2025, shortly before the July 4, 2025 date mentioned in the profile.

Kratos Defense & Security Solutions, Inc.

• Kratos Defense & Security Solutions, Inc. is mentioned in a press release dated July 15, 2025, which explicitly references the "One Big Beautiful Bill" that has unlocked federal funding for domestic drone production and streamlined procurement processes for American drone companies. Additionally, in their 2025Q1 earnings call transcript, Kratos executives discuss how recent policy changes have positively impacted their business outlook, including a "full year government fiscal 2025 CRA and funding now being in place" and potential additional defense-related bills, though they don't specifically name the "One Big Beautiful Bill Act" by its full title.

Array Technologies, Inc.

• Array Technologies is mentioned in a news development summary that explicitly states "An Executive Order related to the One Big Beautiful Bill Act has increased enforcement on tax credit eligibility, further pressuring solar stocks, including Array Technologies". Additionally, the earnings transcript section from 2025Q1 discusses challenges related to tax and IRA elements affecting their business, though it doesn't specifically mention the One Big Beautiful Bill Act by name.

See the other 5 IWM companies mentioning the Big Beautiful Bill in recent earnings calls here

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