Shoals Technologies Group

Shoals Technologies Group, Inc. provides electrical balance of system solutions for solar energy projects. Its EBOS components include cable assemblies, inline fuses, combiners, disconnects, recombiners, wireless monitoring systems, junction boxes, transition enclosures and splice boxes. The company was founded by Dean Solon in November 1996 and is headquartered in Portland, TN.

Earnings data Q1 2021

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Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

Shoals Technologies Group achieves record Q4 revenue, sets optimistic 2023 outlook

Shoals Technologies Group reported stellar Q4 2022 results, with strong revenue growth and optimistic outlook for 2023. The company is strategically positioned for growth through international expansion, new products, and EV solutions.

Shoals Technologies Group (SHLS) reports record Q1 results and eyes international expansion

Shoals Technologies Group (SHLS) showcases strong financial performance, strategic IP protection, and market leadership in the solar industry. While facing challenges in labor shortages and project timelines, the company is well-positioned to leverage international expansion and new product offerings for continued growth.

Shoals Technologies Group Achieves Record Q2 Results and Explores International Expansion

Shoals Technologies Group delivered exceptional financial results, achieved significant milestones, and is well-positioned for future growth. While facing challenges related to pricing and product mix, the company has opportunities to capitalize on international demand and refine its strategies for EV charging and international expansion.

Shoals Technologies Group achieves record Q3 revenue growth and expands internationally

Shoals Technologies Group's Q3 performance reflects robust growth in revenue and financial metrics, driven by strong demand and strategic expansion efforts. While facing challenges related to warranty issues and revenue mix, the company is actively addressing these issues and aiming for continued growth by targeting smaller projects and international markets.

Shoals Technologies Group reports stellar Q4 growth and strategic expansion

Shoals Technologies Group delivered strong financial performance in Q4 2023, with robust revenue growth and strategic initiatives for future expansion.
While challenges like market slowdowns and supply chain issues exist, the company's focus on innovation and operational excellence positions them well for growth.
Opportunities in international markets, cost optimization, and manufacturing expansion provide avenues for sustained success and market leadership.

Shoals Technologies Group navigates Q1 challenges, eyes international growth

Shoals Technologies Group faces challenges from project delays and revenue impacts in Q1 2024 but maintains a strong balance sheet and international growth potential. The company's strategic focus on market share gains, CC&I market expansion, and investments in growth initiatives position it well for future opportunities despite near-term industry challenges.

Shoals Technologies reports Q2 revenue decline, focuses on growth strategies

Shoals Technologies Group navigated challenges in the U.S. solar market, reporting mixed financial performance but maintaining a strong backlog and focus on growth.
The company faces headwinds from project delays but remains proactive in addressing issues and pursuing international expansion and product innovation.
Analysts' inquiries into market dynamics and financial impact of delays underscore the need for adaptive strategies and operational efficiency in a competitive landscape.

Shoals Technologies Group reports solid Q3 performance amidst industry challenges

Shoals Technologies Group navigated challenges with resilience, leveraging strengths in commercial activities and financial management.
The company's strategic focus on customer engagement, innovation, and operational efficiency bodes well for future performance.
With a positive industry outlook, strong financial foundation, and proactive approach to challenges, Shoals is poised for continued success.

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Shoals Technologies Group, Inc. (SHLS) CEO Jason Whitaker on Q4 2021 Results - Earnings Call Transcript

New 219,000 sq. ft. facility in Portland, TN to further optimize EBOS manufacturing processes and expand production capacity New 219,000 sq. ft. facility in Portland, TN to further optimize EBOS manufacturing processes and expand production capacity

Shoals Technologies Group Opens New Manufacturing Facility to Support Significant Growth Opportunities

PORTLAND, Tenn., Feb. 24, 2022 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (the “Company”) (Nasdaq: SHLS) today announced that the Company will release its fourth quarter 2021 results after market close on Thursday, March 10, 2022, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day.

Shoals Technologies Group, Inc. Announces Fourth Quarter 2021 Earnings Release Date and Conference Call

Shoals Technologies Group went public in January 2021, raising $1.9 billion gross proceeds for itself and its parent company.

Shoals Technologies Could Be A Bargain For Patient Investors

Thanks to the BLA system, Shoals' market share increased from 7% in 2017 to 37% in 2021. The market share is expected to reach 60% in a few years.

Shoals Technologies: A Growth Company With A Competitive Moat

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Shoals provides innovative patented EBOS components and systems to the fast-growing solar sector. The company has huge growth potential across numerous different countries and markets.

Shoals Technologies: Uniquely Positioned To Take Advantage Of Renewable And EV Tailwinds

Shoals Technologies Group, Inc. (SHLS) CEO Jason Whitaker on Q3 2021 Results - Earnings Call Transcript

– Revenue Increased 14% Year-Over-Year to a Record $59.8 million –

Shoals Technologies Group, Inc. Reports Financial Results for Third Quarter 2021

Shoals Technologies has figured out a way to build electrical systems that can be installed without an electrician.

This Electric Tech Stock Is Significantly Lowering the Costs of Labor

PORTLAND, Tenn., Oct. 26, 2021 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (the “Company”) (Nasdaq: SHLS) today announced that the Company will release its third quarter 2021 results after market close on Tuesday, November 9, 2021, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day.

Shoals Technologies Group, Inc. Announces Third Quarter 2021 Earnings Release Date and Conference Call

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EV charging BOS solutions to deliver 20%–30% reduction in installation costs EV charging BOS solutions to deliver 20%–30% reduction in installation costs

Shoals Technologies Group Collaborates with EY for Electric Vehicle Charging Solutions

Shoals Technologies Group, Inc. (SHLS) CEO Jason Whittaker on Q2 2021 Results - Earnings Call Transcript

– Reports Record Second Quarter Revenue Increased 38% Year-Over-Year to $59.7 million –

Shoals Technologies Group, Inc. Reports Financial Results for Second Quarter 2021

Shoals (SHLS) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for Shoals (SHLS) This Earnings Season?

PORTLAND, Tenn., July 19, 2021 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals” or the “Company”) (Nasdaq: SHLS), a leading provider of electrical balance of systems (“EBOS”) solutions for solar, storage, and electric vehicle charging infrastructure, today announced the resignation of Jason Lee and Frank Cannova, Vice President at Oaktree Capital, from the Company's Board of Directors.

Shoals Technologies Group, Inc. Announces Changes to its Board of Directors

PORTLAND, Tenn., July 15, 2021 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (Nasdaq: SHLS) (the “Company”) today announced the pricing of an underwritten public offering of an aggregate of 13,384,155 shares of the Company's Class A common stock, at a price to the public of $28.00 per share. The Company is offering 8,394,463 shares of its Class A common stock, the net proceeds of which will be used to purchase equity interests in its operating subsidiary from certain holders including its founder Dean Solon, Director Brad Forth, Chief Executive Officer Jason Whitaker and Chief Financial Officer Philip Garton (collectively, the “Existing Stockholders”). Additionally, certain selling stockholders, including an entity controlled by Oaktree Capital Management, L.P. (“Oaktree”) and Mehgan Peetz, the Company's General Counsel (the “Selling Stockholders”), are offering 4,989,692 shares of the Company's Class A common stock. The Company will not receive any of the proceeds from the sale of shares offered by the Selling Stockholders.   The Company also granted the underwriters a 30-day option to purchase up to an additional 2,007,623 shares of Class A common stock.   The Company's Class A common stock is listed on the Nasdaq Global Market under the symbol “SHLS.” The offering is expected to close on July 19, 2021, subject to customary closing conditions.

Shoals Technologies Group, Inc. Announces Pricing of an Offering of 13,384,155 Shares of Class A Common Stock

Hint: the reason starts with the letter D.

Why Shoals Technologies Stock Dived by 14% on Tuesday

Shoals Technologies Group Inc (NASDAQ: SHLS) offered 13.38 million shares in a secondary equity offering. It includes 4.99 million shares offered by certain selling stockholders, including an entity controlled by Oaktree Capital Management, L.P.

Shoals Technologies Seeks To Raise Capital Via Secondary Equity Offering Of 13.4M Shares

PORTLAND, Tenn., July 12, 2021 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (Nasdaq: SHLS) (the “Company”) today announced the launch of an underwritten public offering of an aggregate of 13,384,155 shares of the Company's Class A common stock. The Company is offering 8,394,463 shares of its Class A common stock and certain selling stockholders, including an entity controlled by Oaktree Capital Management, L.P. (“Oaktree”) and Mehgan Peetz, the Company's General Counsel, are offering 4,989,692 shares of the Company's Class A common stock (the “Selling Stockholders”). Additionally, the Company intends to grant the underwriters a 30-day option to purchase up to an additional 2,007,623 shares of Class A common stock. The Company's Class A common stock is listed on the Nasdaq Global Market under the symbol “SHLS.”

Shoals Technologies Group, Inc. Announces Launch of Offering of 13,384,155 Shares of Class A Common Stock

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News for Shoals Technologies Group Stock (SHLS)