Browsing Tag
Shoals Technologies Group
2 posts
ARRAY Technologies and Shoals agree solar equipment merger with $2.4bn revenue ambition
ARRAY Technologies and Shoals Technologies Group have agreed to combine in an all-stock merger, creating a broader supplier of solar, energy storage and electrical infrastructure equipment. The companies are targeting more than $100 million in annual adjusted EBITDA synergies within three years, but revised earnings guidance, preferred-share obligations and integration requirements complicate the potential financial benefits.
Dycom, Vicor, Shoals and Luxfer hit 52-week highs as data center and defense demand surges
AI data center power demand and a rearming defense sector drove Dycom, Vicor, Shoals, and Luxfer to 52-week highs, with Dycom surging 28% on record results. Read more.