Shoals Technologies Group Inc (SHLS)

Nov 5, 2026

ARRAY Technologies, Inc. has announced a definitive stock-for-stock merger agreement with Shoals Technologies Group, Inc. through a communication sent to suppliers on November 4, 2026. Following the merger, Brandon Moss, Shoals' current CEO, will lead the combined entity, while Kevin Hostetler will serve as a Special Advisor during the transition. Both companies will continue to operate independently until the transaction officially closes, which is subject to stockholder and regulatory approvals.

Nov 5, 2026

Array Technologies, Inc. and Shoals Technologies Group, Inc. have announced a definitive merger agreement, aiming to create an integrated energy infrastructure platform. The merger is expected to close in Q1 2027, pending shareholder and regulatory approvals. Shoals CEO Brandon Moss will lead the combined entity, while Array CEO Kevin Hostetler will transition to a Special Advisor role.

Nov 4, 2026

Shoals Technologies Group announced a stock-for-stock merger with Array Technologies, where Shoals' shareholders will own 65% of the combined entity. The merger aims to simplify sourcing for customers, reduce vendor complexity, and achieve $100 million in annual synergies by year three, primarily through cost savings and cross-selling opportunities. The combined company will expand into battery energy storage and data center power infrastructure, leveraging integrated product offerings and existing customer relationships to accelerate growth and enhance profitability.

Nov 4, 2026

Shoals Technologies Group reported strong financial results for the third quarter of 2026, with revenue increasing by 43.8% to $195.3 million and Adjusted EBITDA reaching $39.8 million. The company attributed this growth to strong demand, market share capture, and productivity improvements, while also providing updated outlooks for the fourth quarter and full-year 2026. Additionally, Shoals announced a proposed merger with ARRAY Technologies, Inc., aimed at creating an integrated energy infrastructure platform.