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.

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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 Technology offers a low cost solution for connecting utility scale solar projects to the grid. The company is seeing increasing adoption of it's Big Lead Assembly product which can be installed with general labor.

Shoals Technologies: High Growth, High Margin Utility Scale Solar And Soon EV Charge Point Facilitator

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Solar stocks have taken a beating in the past three months, but one analyst says now is the time to buy the dip in Shoals Technologies Group Inc (NASDAQ: SHLS) and Solaredge Technologies Inc (NASDAQ: SEDG). The Analyst: Goldman Sachs analyst Brian Lee upgraded Shoals from Neutral to Buy and cut his price target from $36 to $33.

Goldman Sachs Says Buy The Dip In Solar Stocks, Upgrades SolarEdge & Shoals Technologies

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Shoals Technologies Group, Inc. (SHLS) CEO Jason Whittaker on Q1 2021 Results - Earnings Call Transcript

– Reports Record First Quarter Revenue of $45.6 million –

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

PORTLAND, Tenn., April 27, 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 addition of four strategic senior hires to drive the Company's U.S. and international growth in the solar, energy storage and electric vehicle markets.

Shoals Technologies Group, Inc. Announces Key New Hires to Drive U.S. and International Growth in Solar, Energy Storage and Electric Vehicle Markets

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In light of the Invesco Solar Exchange-Traded Fund (TAN) retreating close to 30% from its January high, three solar companies that have good financial strength and solid Piotroski F-scores as of Thursday are First Solar Inc. (NASDAQ:FSLR), Shoals Technologies Group Inc. (NASDAQ:SHLS) and Enphase Energy Inc. (NASDAQ:ENPH) according to the All-in-One Screener, a Premium feature of GuruFocus.

3 Solar Companies With Good Financial Strength

Solar equipment company Shoals Technologies issued its first quarterly earnings report, which follows a successful initial public offering that exceeded expectations and raised $1.9 billion. The post Solar Company Shoals Reports Its Quarterly Results For First Time appeared first on Investor's Business Daily.

Solar Company Shoals Reports Its Quarterly Results For First Time

– Reports Record Revenue and Earnings for 2020 –

Shoals Technologies Group, Inc. Reports Financial Results for Fourth Quarter and Full-Year 2020

Seasoned Executives Bring Added International and Domestic Expertise in Renewable Energy, Technology, Infrastructure, and Talent Management Seasoned Executives Bring Added International and Domestic Expertise in Renewable Energy, Technology, Infrastructure, and Talent Management

Shoals Technologies Group, Inc. Strengthens Board of Directors With Three New Members

PORTLAND, Tenn., March 10, 2021 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (the “Company”) (Nasdaq: SHLS) today announced that the company will release its fourth quarter and full-year 2020 results after the market close on Monday, March 15th, 2021, 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 and Full-Year 2020 Earnings Release Date and Conference Call

With solar power and stocks in the sector shining brightly, Shoals Technologies is well positioned to capture an increasing amount of market share in a portion of the solar power industry. The post Shoals Technologies Rides Green Energy Wave Among Solar Stocks appeared first on Investor's Business Daily.

Shoals Technologies Rides Green Energy Wave Among Solar Stocks

The stock price of Shoals Technologies Group Inc (NASDAQ: SHLS) is trading up over 7% pre-market as of 4 AM ET. This is why it happened.

SHLS Stock Price Increases Over 7% Pre-Market: Why It Happened

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PORTLAND, Tenn., Jan. 29, 2021 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (NASDAQ:SHLS) (the “Company”) today announced the closing of its upsized initial public offering of 88,550,000 shares of Class A common stock. The offering consisted of 11,550,000 shares of Class A common stock issued and sold by the Company, which included an additional 2,550,000 shares of the Company's Class A common stock following the exercise in full of the underwriters' option to purchase additional shares of the Company's common stock from the Company, and 77,000,000 shares of Class A common stock sold by a parent entity of the Company controlled by funds managed by Oaktree Capital Management, L.P. (the “Selling Stockholder”), which included an additional 9,000,000 shares of the Company's Class A common stock following the exercise in full of the underwriters' option to purchase additional shares of the Company's common stock from the Selling Stockholder, in each case at an initial public offering price of $25.00 per share. The Class A common stock began trading on the Nasdaq Global Market under the symbol “SHLS” on January 27, 2021.

Shoals Technologies Group, Inc. Announces Closing of Initial Public Offering

Shoals Technologies is a way to play the solar boom. I like the role of the company in this sphere, its revenue base and solid earnings.

Shoals Technologies: Solar Play

Shoals Technologies Group, Inc. (NASDAQ: SHLS) has priced 77 million shares for $25 per share in an upsized initial public offering (IPO), as the market continues to remain hot.

Shoals Technologies Prices Upsized IPO At $1.9 Billion, Oaktree Offloads Stake

PORTLAND, Tenn., Jan. 26, 2021 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (the “Company”) today announced the pricing of its upsized initial public offering of 77,000,000 shares of its Class A common stock at a price to the public of $25.00 per share. The offering consists of 9,000,000 shares of Class A common stock being sold by the Company and 68,000,000 shares of Class A common stock being sold by a parent entity of the Company controlled by funds managed by Oaktree Capital Management, L.P. (the “Selling Stockholder”). In addition, the Company and the Selling Stockholder granted the underwriters a 30-day option to purchase up to an additional 11,550,000 shares (the “Additional Shares”) at the public offering price, less underwriting discounts and commissions. The Additional Shares consist of up to 2,550,000 shares of Class A common stock offered by the Company and up to 9,000,000 shares of Class A common stock offered by the Selling Stockholder. The Company will not receive any proceeds from any sale of shares by the Selling Stockholder. The shares of Class A common stock are expected to begin trading on the Nasdaq Global Market on January 27, 2021 under the symbol “SHLS.” The offering is expected to close on January 29, 2021, subject to customary closing conditions.

Shoals Technologies Group, Inc. Announces Pricing of Upsized Initial Public Offering

Solar equipment supplier Shoals Technologies plans to raise $1.6 billion with an initial public offering that's drawing heightened attention in a hot market. The Shoals IPO trades Wednesday.

Shoals IPO Looks To Raise $1.6 Billion In Hot Solar Energy Market

News for Shoals Technologies Group Stock (SHLS)