Shoals Technologies and Array Technologies Announce Merger Agreement
Shoals Technologies is merging with Array Technologies in an all-stock deal, as reported by The Business Journals.
Nashville, TN, November 4, 2026 — In a significant development for the renewable energy sector, Shoals Technologies Group, Inc. and Array Technologies, Inc. have entered into a definitive agreement to merge. The transaction is structured as an all-stock deal. This information was initially reported by The Business Journals.
The specific financial terms, valuation, or expected exchange ratio for the all-stock transaction were not immediately available in the initial reporting. Further details regarding the strategic rationale behind the merger, such as anticipated cost synergies, revenue growth opportunities, or expanded market reach, were also not provided in the summary information. Similarly, the leadership structure of the combined entity and the timeline for closing the deal remain unstated.
Both Shoals Technologies and Array Technologies are established players in the solar energy infrastructure market. Shoals Technologies is known for its electrical balance of systems (EBOS) solutions, including cable systems and combiner boxes, designed for photovoltaic (PV) installations. Array Technologies specializes in single-axis solar trackers, which optimize the energy production of solar panels by following the sun’s movement throughout the day.
The implications of this merger for their respective product lines, supply chains, and customer bases are yet to be detailed. The business publication cited indicated that this merger represents a notable consolidation within the industry. Details regarding regulatory approvals or shareholder votes required to finalize the transaction were not disclosed.
The names of key executives leading this merger effort, beyond what might be inferred from their roles within their respective companies, were not specified in the summary. Information concerning any potential impact on current projects or existing contracts for either company was also not provided.
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