Wire · operational-macro
ARRAY Technologies and Shoals announce merger in stock-for-stock deal
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Fusion42 · 5 November 2026 · Fusion42 review
ARRAY Technologies and Shoals Technologies Group will merge in an all-stock deal creating an integrated solar and battery storage infrastructure platform. The new entity aims to reduce project complexity, installation costs, and improve system performance with combined electrical and structural balance-of-system solutions, targeting $2.2-$2.4 billion revenue by 2027.
This Wire brief sits within Fusion42's coverage of Climate Tech, and 3 sources have reported it between 4 Nov 2026 and 5 Nov 2026.
◆ ◆ The Wire takeaway
The merger cuts complexity in solar project delivery by combining balance-of-system components from two leaders. If you sell equipment or services to solar developers, expect a larger, integrated customer reshaping supply needs and cost structures.
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3 sources · first reported 4 Nov 2026 · latest 5 Nov 2026
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