ARRAY Technologies and Shoals join forces to build a larger U.S. solar infrastructure supplier
The United States is edging closer to Asian powerhouses like China and Japan when it comes to being the leading solar energy-producing country in the world. The nation has consistently shown a commitment to diversify its energy portfolio and establish itself as a clean energy leader. The biggest advantage that the U.S. has is that it has access to wealth and resources that not many countries have, which means it can execute the most sophisticated projects centered on technology and scientific expertise. In another display of collaborations bringing successful projects, ARRAY Technologies and Shoals joined forces to build a larger U.S. solar infrastructure supplier.
Assessing the overall impact that ARRAY Technologies and Shoals have had
The abundance of companies that exist nowadays means it has become much harder to stand out from the rest. As such, the rare companies that manage to do so deserve tremendous credit. ARRAY Technologies is a leading global provider of solar tracking technology and fixed-tilt systems to utility-scale and distributed generation customers who construct, develop, and operate solar photovoltaic sites.
One of the most unique components about the company is that it has solutions that are designed to withstand harsh weather conditions. For instance, ARRAY possesses high-quality solar trackers, fixed-tilt systems, and software platforms, foundation and other balance of system solutions, and field services that all combine to maximize energy production.
The terms of the merger agreement indicate that ARRAY will be the legal acquirer in the transaction and will serve as the corporate parent of the combined company.
ARRAY Technologies and Shoals collaborate to build a larger U.S. solar infrastructure
Collaborations have been an ongoing theme in the 2026 energy landscape as companies have learned that they stand a much better chance of achieving success if they decide to collaborate and share the wide range of responsibilities that are involved in clean energy projects. A press release from ARRAY Technologies revealed that the company has entered into a definitive agreement with Shoals to combine in a stock-for-stock merger.
Shoals Technologies is a leading provider of electrical balance of systems (EBOS) solutions for solar, storage, and electric vehicle charging infrastructure. The company was founded in 1996, and along the way, it has introduced innovative technologies and system solutions that allow its customers to increase installation efficiency and safety.
The transaction creates an integrated energy infrastructure platform that brings together complementary, market-leading solutions across foundations, trackers, fixed-tilt racking, electrical infrastructure, wire management, and power delivery systems. Industry experts believe that this collaboration can have a massive impact on the way that companies decide to pursue energy projects in the future, considering how much they complement each other and the number of blueprints that they can create.
Gaining a deeper insight into the Shoals and ARRAY Technologies collaboration
There are a lot of aspects that are involved in partnerships which the general population is not always aware of. In this instance, immediately after the closing of the transaction, Shoals shareholders are expected to own an estimated 65% of the combined company’s basic shares outstanding (64.5% on a fully diluted basis), with ARRAY shareholders expected to own the remaining estimated 35% of the combined company’s basic shares outstanding (35.5% on a diluted basis).
Can we expect more projects to come from the ARRAY and Shoals collaboration?
One of the first questions to consider when a project is announced is whether or not the collaborating companies are going to be in a long-term partnership that brings many captivating projects. This particular transaction is not expected to require ARRAY to refinance or redeem any of its outstanding debt or preferred securities. There is a strong belief that the transaction is one that will advance the solar energy industry and inspire many more captivating collaborations.
The terms of the merger agreement indicate that ARRAY will be the legal acquirer in the transaction and will serve as the corporate parent of the combined company. Shoals’ shareholders will receive a fixed exchange ratio of 1.6931 ARRAY shares for each Shoals share they own.
Prince is a versatile writer focused on energy, automotive, environmental, and general news topics. He makes complex technical and policy issues clear, engaging, and accessible for a broad audience.
