Array Technologies Non-GAAP EPS of $0.06 misses by $0.30, revenue of $330.2M misses by $214.99M (ARRY:NASDAQ)

Array Technologies (ARRY) will merge with Shoals Technologies in a $1B deal. The combined company, led by Shoals CEO Brandon Moss, will retain Array's name and HQ in New Mexico. Array's stock rose 15% to $5.33, while Shoals' shares gained 8% to $9.16. The merger aims to boost revenue growth, profitability, and cash flow, with projected 2027 revenue of $2.2B-$2.4B and earnings up to $480M.

Array Technologies (ARRAY) agreed to combine with Shoals Technologies (SHLS) to create an integrated energy infrastructure platform. The deal aims to broaden capabilities and deepen customer relationships, but terms, price, and timing were not disclosed. Both companies will operate independently until the deal closes.

Array Technologies Inc. (ARRY) shares rose 14.33% on November 4, 2026, following positive analyst coverage. The company's stock has gained momentum, breaking out from a previous trading range. ARRY reported $1.28B in revenue, negative EBIT, and $121M in quarterly cash flow. Analysts have mixed views, with Mizuho upgrading to Outperform and others cutting price targets. The stock's movement is driven by solar technology trends and analyst sentiment.

Shoals Technologies Group and ARRAY Technologies announced an all-stock merger on November 4, 2026, targeting $100M in annual synergies by year three. Shoals' Q3 revenue exceeded expectations at $195.3M. The combined company aims for $2.2B-$2.4B in 2027 revenue. Shoals shares rose 12.99% post-announcement. The deal requires shareholder and regulatory approval, with completion expected in Q1 2027.

Array Technologies (ARRY) and Shoals Technologies (SHLS) announced a merger expected to close in Q1 2027, aiming for $100M+ in synergies by year three. The combined company will target a $1.8B annual profit pool in solar infrastructure. Array shares surged 22.2% post-announcement. Shoals reported record Q3 revenue of $195.3M, while Array reported $330.2M in revenue with a record orderbook of $2.6B.

Array Technologies (ARRY) stock rose 13.4% in pre-market trading after announcing an all-stock merger with Shoals Technologies Group. The combined company will focus on integrated energy infrastructure. Array reported Q3 2026 revenue of $330.2M, beating estimates, but missed EPS expectations. The company also disclosed a record $2.6B order book and plans to redeem $317.5M of preferred stock. The merger is expected to close in Q1 2027.