Mergers & AcquisitionsMediumUpdated×2•Originally published 4 November 2026•Updated 4 November 2026•
1 min read
Array Technologies Named Legal Acquirer of Shoals; Shares Surge in Pre-Market
Key Facts
1Array Technologies and Shoals Technologies announced a definitive agreement to combine in a stock-for-stock merger.
2The merger aims to create an integrated energy infrastructure platform combining solar tracking and electrical balance-of-system solutions.
Array Technologies and Shoals Technologies shares rose 7.8% and 9.8% respectively in pre-market trading on November 4, 2026. GlobeNewswire reported that Array Technologies has been designated as the legal acquirer in the $2.2 billion stock-for-stock merger aimed at creating an integrated solar tracking and electrical infrastructure platform.
Array Technologies (ARRY) closed at $4.64 on November 3, 2026, while Shoals Technologies (SHLS) closed at $8.47 on the same date prior to the acquisition details. The combined entity plans to leverage Shoals Technologies' electrical balance-of-system products alongside Array Technologies' structural solutions to enhance efficiency in utility-scale renewable projects.