Array Technologies and Shoals Technologies Group Discuss Merger Details and Q3 Financial Results
During the Q3 2026 earnings call, Array Technologies (ARRY) and Shoals Technologies Group discussed the strategic merger between the two solar infrastructure companies. The combined entity expects to achieve pro forma 2027 revenue of $2.2 billion to $2.4 billion, supported by a massive combined backlog of $3.4 billion as of September 30, 2026. The transaction is structured as a stock-for-stock merger where Shoals shareholders will own 65% and Array shareholders will own 35%. Management highlighted significant synergy targets, aiming for $100 million in annual incremental Adjusted EBITDA by the third year through cost reductions and cross-selling opportunities within their integrated solar product portfolios.
Coverage
- Array Technologies and Shoals Technologies Group Discuss Merger Details and Q3 Financial Results
- Shoals-ARRAY merger outlines $2.2B-$2.4B 2027 revenue outlook and targets $100M annual incremental EBITDA synergies by year 3
- Shoals Technologies Group and ARRAY to Merge in Stock-for-Stock Transaction
- Shoals Technologies Group and Array Technologies Announce All-Stock Merger Details
- Array Technologies and Shoals Technologies Announce All-Stock Merger