– Secures Favorable Initial Ruling in ITC Case Against Voltage, LLC – – Quarterly Revenue of $102.2 million – – Gross Profit Percentage of 24.8% and Adjusted Gross Profit Percentage of 37.9% – – Net Loss of $0.3 million – – Adjusted EBITDA of $24.5 million – – Raises Midpoint of Full-Year Revenue Outlook – PORTLAND, Tenn., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. ("Shoals" or the "Company") (NASDAQ:SHLS), a leading provider of electrical balance of system ("EBOS") solutions for the energy transition market, today announced results for its third quarter ended September 30, 2024. "I'm pleased with the robust engagement we experienced in the third

PORTLAND, Tenn., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (the "Company") (NASDAQ:SHLS) today announced that the Company will release its third quarter 2024 results before market open on Tuesday, November 12, 2024, to be followed by a conference call at 8:00 a.m. (Eastern Time) on the same day. Interested investors and other parties can access the live webcast through the Investor Relations section of the Company's website at https://investors.shoals.com. An archived replay of the webcast will be available shortly after the event concludes. About Shoals Technologies Group, Inc.Shoals Technologies Group is a leading provider of electrical balance of systems ("EBOS

– Quarterly Revenue of $99.2 million – – Gross Margin of 40.3% – – Net Income of $11.8 million – – Adjusted EBITDA of $27.7 million – – Backlog and Awarded Orders Increased 18% Year-Over-Year to $642.3 million – – Provides Third Quarter and Full Year 2024 Outlook – PORTLAND, Tenn., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. ("Shoals" or the "Company") (NASDAQ:SHLS), a leading provider of electrical balance of system ("EBOS") solutions for the energy transition market, today announced results for its second quarter ended June 30, 2024. "The second quarter was a busy one for Shoals, which included new commercial agreements, new product introduction

PORTLAND, Tenn., July 15, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (the "Company") (NASDAQ:SHLS) today announced that the Company will release its second quarter 2024 results after market close on Tuesday, August 6, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of the Company's website at https://investors.shoals.com. The conference call can be accessed live over the phone by dialing 1-877-407-0789 (domestic) or + 1-201-689-8562 (international). A telephonic replay will be available approxima

– Quarterly Revenue of $90.8 million –– Gross Margin of 40.2% –– Net Income of $4.8 million –– Adjusted EBITDA of $20.5 million –– Backlog and Awarded Orders Increased 17% Year-Over-Year to $615.2 million –– Provides Second Quarter and Full Year 2024 Outlook – PORTLAND, Tenn., May 07, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. ("Shoals" or the "Company") (NASDAQ:SHLS), a leading provider of electrical balance of system ("EBOS") solutions for solar, battery storage, and electric vehicle charging infrastructure, today announced results for its first quarter ended March 31, 2024. "Despite additional project delays in the period, the team's continued strong execution allowed Sh

PORTLAND, Tenn., April 23, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (the "Company") (NASDAQ:SHLS) today announced that the Company will release its first quarter 2024 results after market close on Tuesday, May 7, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of the Company's website at https://investors.shoals.com. The conference call can be accessed live over the phone by dialing 1-877-407-0789 (domestic) or + 1-201-689-8562 (international). A telephonic replay will be available approximatel

– Quarterly Revenue of $130.4 million, up 38% Year-Over-Year – – Gross Margin of 42.5% – – Net Income of $16.6 million – – Adjusted EBITDA of $39.1 million – – Backlog and Awarded Orders Increased 47% Year-Over-Year to $631.3 million – – Provides First Quarter and Full Year 2024 Outlook – PORTLAND, Tenn., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. ("Shoals" or the "Company") (NASDAQ:SHLS), a leading provider of electrical balance of system ("EBOS") solutions for solar, battery storage, and electric vehicle charging infrastructure, today announced results for its fourth quarter ended December 31, 2023. "Shoals continued its strong growth trajecto

PORTLAND, Tenn., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (the "Company") (NASDAQ:SHLS) today announced that the Company will release its fourth quarter 2023 results after market close on Wednesday, February 28, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of the Company's website at https://investors.shoals.com. The conference call can be accessed live over the phone by dialing 1-877-407-0789 (domestic) or + 1-201-689-8562 (international). A telephonic replay will be available

– Record Quarterly Revenue of $134.2 million, up 48% Year-Over-Year – – Gross Margin of 10.5% Significantly Impacted by $50.2 million Wire Insulation Shrinkback Expenses – – Net Loss of $(9.8) million – – Adjusted EBITDA of $48.0 million, up 81% Year-Over-Year – – Backlog and Awarded Orders Increased 34% Year-Over-Year to $633.3 million – – Shoals Technologies Group, LLC Filed Lawsuit Against Wire Supplier, Prysmian Cables and Systems USA, LLC, For Recovery of Damages – – Raises Outlook For Adjusted EBITDA And Adjusted Net Income – PORTLAND, Tenn., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. ("Shoals" or the "Company")

PORTLAND, Tenn., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (the "Company") (NASDAQ:SHLS) today announced that the Company will release its third quarter 2023 results after market close on Tuesday, November 7, 2023, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of the Company's website at https://investors.shoals.com. The conference call can be accessed live over the phone by dialing 1-888-886-7786 (domestic) or + 1-416-764-8658 (international). A telephonic replay will be available approximatel

PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, Four Technologies, and Build, today announced the appointment of Robert Julian and Daniela Mielke to its Board of Directors. "Robert and Daniela are recognized leaders in industries that are especially relevant to PROG Holdings. Robert's consumer retail and e-commerce financial expertise, as well as Daniela's leadership in digital payments, fintech and e-commerce, will make them both highly valuable additions to our Board," said Ray Robinson, Chairman of PROG Holdings. "We're pleased to welcome Robert and Daniela as our newest independent directors," said Steve Michaels, PROG Holdings' P

– Secures Favorable Initial Ruling in ITC Case Against Voltage, LLC – – Quarterly Revenue of $102.2 million – – Gross Profit Percentage of 24.8% and Adjusted Gross Profit Percentage of 37.9% – – Net Loss of $0.3 million – – Adjusted EBITDA of $24.5 million – – Raises Midpoint of Full-Year Revenue Outlook – PORTLAND, Tenn., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. ("Shoals" or the "Company") (NASDAQ:SHLS), a leading provider of electrical balance of system ("EBOS") solutions for the energy transition market, today announced results for its third quarter ended September 30, 2024. "I'm pleased with the robust engagement we experienced in the third

PORTLAND, Tenn., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. ("Shoals"), a global leader in electrical balance of system ("EBOS") solutions for the energy transition market, announced today its participation in the following upcoming investor events: November 14, 2024: Jefferies Virtual Fireside Chat Shoals' CEO Brandon Moss, CFO Dominic Bardos, and VP of Finance and Investor Relations Matt Tractenberg will participate in a fireside chat with covering analyst Julien Dumoulin-Smith. Interested investors should contact their Jefferies sales representative. November 22, 2024: Truist Securities Virtual Fireside Chat Shoals' CEO Brandon Moss, CFO Dominic Bardos, and V

PORTLAND, Tenn., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (the "Company") (NASDAQ:SHLS) today announced that the Company will release its third quarter 2024 results before market open on Tuesday, November 12, 2024, to be followed by a conference call at 8:00 a.m. (Eastern Time) on the same day. Interested investors and other parties can access the live webcast through the Investor Relations section of the Company's website at https://investors.shoals.com. An archived replay of the webcast will be available shortly after the event concludes. About Shoals Technologies Group, Inc.Shoals Technologies Group is a leading provider of electrical balance of systems ("EBOS

PORTLAND, Tenn., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. ("Shoals"), a global leader in electrical balance of system ("EBOS") solutions for the energy transition market, announced today that it has further strengthened its executive team with two new additions to drive operational excellence. Kirsten Moen, newly appointed Chief Operations Officer, is an accomplished operations and manufacturing executive with extensive experience in leading organizations such as Eaton and Stanley Black & Decker. Her established track record of driving lean manufacturing, optimizing manufacturing processes, and delivering measurable results will further position Shoals as a lea

Furthers Growth of Marathon Capital's Equity Capital Markets Offering Marathon Capital, a leading financial advisory and investment banking firm to the clean economy, has announced that James Fitzgerald has joined the firm as Head of Institutional Sales. Based in New York, Mr. Fitzgerald will be responsible for leading the continued rollout of Marathon Capital's Equity Research and Equity Capital Markets ("ECM") products. Mr. Fitzgerald was most recently Executive Director, Institutional Equity Sales at Tudor, Pickering, Holt & Co (the energy business of Perella Weinberg Partners), where he provided coverage and long-term relationship management of hedge fund, long only, family office, an

PORTLAND, Tenn., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. ("the Company") (NASDAQ:SHLS), a global leader in electrical balance of system (EBOS) solutions for the energy transition market, announces financial highlights of its investor day, which was held today in Nashville, TN. Shoals' executive leadership team highlighted a proven track record of financial results, significant cash flow generation, a strong balance sheet and its strong position to achieve long-term (2027) financial targets, including: Revenue growth of 12 to 18% CAGRGross Margin of approximately 42%Adj. EBITDA Margin* of approximately 30%Annual CAPEX of approximately $20M *A reconc

Highlights Balanced and Profitable Growth Strategy to Drive Long-Term Shareholder Value Introduces Long-Term Financial Targets PORTLAND, Tenn., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. ("the Company") (NASDAQ:SHLS), a global leader in electrical balance of system (EBOS) solutions for the energy transition market, will host its inaugural Investor Day in Nashville, TN today, September 5, 2024, starting at 8:30 a.m. CT. The event is expected to conclude at approximately 12:30 p.m. CT. Brandon Moss, Chief Executive Officer and Dominic Bardos, Chief Financial Officer, along with other members of the senior leadership team, will provide an in-depth overview

PORTLAND, Tenn., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. ("Shoals") (NASDAQ:SHLS), a global leader in electrical balance of system ("EBOS") solutions for the energy transition market, announced today that it has executed a non-binding memorandum of understanding (MoU) with UUES to work together in developing localized solar solutions for KSA and the region. As part of the MoU, Shoals and UUES will work to establish a business to localize solar EBOS manufacturing for the region. The Kingdom of Saudi Arabia has planned to develop up to 130 GW of renewable power generation in the next six years, with solar power being a significant portion. In a market that lacks t

PORTLAND, Tenn., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. ("Shoals") (NASDAQ:SHLS), a global leader in electrical balance of system ("EBOS") solutions for the energy transition market, announced today that it received a favorable legal ruling from the U.S. International Trade Commission ("ITC") in its patent infringement complaint against Voltage, LLC and related foreign entity ("Voltage"). On August 30, 2024, an Administrative Law Judge at the ITC issued an initial ruling finding that Voltage violated Section 337 of the Tariff Act of 1930 by importing infringing LYNX trunk bus products into the United States. In addition, Shoals has also recently been issued two

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In the preceding three months, 13 analysts have released ratings for Shoals Technologies Gr (NASDAQ:SHLS), presenting a wide array of perspectives from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 4 3 1 1 Last 30D 1 0 1 0 0 1M Ago 0 2 0 0 1 2M Ago 0 0 0 0 0 3M Ago 3 2 2 1 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $11.77, along with a high estimate of $23.00 and a low estimate of $5.00. A 27.8

UBS analyst Jon Windham maintains Shoals Technologies Gr (NASDAQ:SHLS) with a Buy and lowers the price target from $20 to $12.

Barclays analyst Christine Cho maintains Shoals Technologies Gr (NASDAQ:SHLS) with a Equal-Weight and lowers the price target from $12 to $10.

This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Industrials sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume UBER CALL TRADE BULLISH 07/19/24 $70.00 $56.7K 25.3K 12.5K FLR CALL SWEEP BEARISH 11/

JP Morgan analyst Mark Strouse maintains Shoals Technologies Gr (NASDAQ:SHLS) with a Overweight and raises the price target from $21 to $23.

RBC Capital analyst Chris Dendrinos maintains Shoals Technologies Gr (NASDAQ:SHLS) with a Outperform and lowers the price target from $15 to $13.

Throughout the last three months, 11 analysts have evaluated Shoals Technologies Gr (NASDAQ:SHLS), offering a diverse set of opinions from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 3 2 1 1 Last 30D 0 0 0 0 1 1M Ago 0 0 0 0 0 2M Ago 3 2 2 1 0 3M Ago 1 1 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $11.36, a high estimate of $16.00, and a low estimate of $5.00. Observing a downward trend, the current aver

Citigroup analyst Vikram Bagri downgrades Shoals Technologies Gr (NASDAQ:SHLS) from Buy to Sell and lowers the price target from $15 to $5.

Shoals Technologies Group Inc (NASDAQ:SHLS) shares are trading higher by 9.2% to $7.43 during Tuesday’s session after the company announced a $150 million share repurchase program for its Class A common stock, effective through December 31, 2025. The program will be funded by cash reserves, free cash flow and credit facility borrowings. CEO Brandon Moss stated this reflects confidence in Shoals’ growth. Shoals also entered an Accelerated Share Repurchase (ASR) agreement with Jefferies LLC for $25 million, initially receiving about 2.2 million shares. The final number of shares will depend on the average stock price during the ASR, expected to complete in third-quarter 2024. CFO Domi

PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, Four Technologies, and Build, today announced the appointment of Robert Julian and Daniela Mielke to its Board of Directors. "Robert and Daniela are recognized leaders in industries that are especially relevant to PROG Holdings. Robert's consumer retail and e-commerce financial expertise, as well as Daniela's leadership in digital payments, fintech and e-commerce, will make them both highly valuable additions to our Board," said Ray Robinson, Chairman of PROG Holdings. "We're pleased to welcome Robert and Daniela as our newest independent directors," said Steve Michaels, PROG Holdings' P

PORTLAND, Tenn., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. ("Shoals"), a global leader in electrical balance of system ("EBOS") solutions for the energy transition market, announced today that it has further strengthened its executive team with two new additions to drive operational excellence. Kirsten Moen, newly appointed Chief Operations Officer, is an accomplished operations and manufacturing executive with extensive experience in leading organizations such as Eaton and Stanley Black & Decker. Her established track record of driving lean manufacturing, optimizing manufacturing processes, and delivering measurable results will further position Shoals as a lea

PORTLAND, Tenn., Aug. 12, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (NASDAQ:SHLS), a global leader in electrical balance of systems (EBOS) solutions for the energy transition market, today announced that its Board of Directors has appointed Niharika Taskar Ramdev to the Board, effective August 9, 2024. The Board also appointed Ms. Ramdev to be a member of the Audit Committee of the Board. Ms. Ramdev replaces Peter Wilver, who resigned from the Board of Directors as of August 9, 2024. Shoals thanks Mr. Wilver for his service to the Company and its stockholders. "We are grateful to Pete for his outstanding contribution to Shoals and are excited to welcome Niharika to the Boar

PORTLAND, Tenn., June 13, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (NASDAQ:SHLS), a leading provider of electrical balance of system ("EBOS") solutions for the energy transition market, today announced that it will host its inaugural Investor Day in Nashville, Tennessee on Thursday, September 5, 2024, beginning at 8:30 a.m. CT. Brandon Moss, Chief Executive Officer and Dominic Bardos, Chief Financial Officer, along with other members of the senior leadership team, will provide an in-depth overview of the Company's strategy, including key growth opportunities and financial objectives. The formal presentations will be followed by a Q&A session with the Shoals' senior leader

Investors can contact the law firm at no cost to learn more about recovering their losses ​LOS ANGELES, May 13, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Shoals Technologies Group, Inc. ("Shoals" or the "Company") (NASDAQ:SHLS) investors that a lawsuit was filed on behalf of investors that purchased Shoals securities between May 17, 2022 and November 7, 2023, inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investor

LOS ANGELES, May 09, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Shoals Technologies Group, Inc. ("Shoals" or the "Company") (NASDAQ:SHLS) investors that a lawsuit was filed on behalf of investors that purchased Shoals securities between May 17, 2022 and November 7, 2023, inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses. The complaint alleges that the defe

PORTLAND, Tenn., May 09, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc., a leading provider of electrical balance of systems ("EBOS") solutions for solar, battery storage, and electric vehicle charging infrastructure, today announced the appointment of Gary Uren as Senior Vice President and General Manager (SVPGM) over International Business and Matt Tractenberg as Vice President of Finance and Investor Relations. Gary Uren is a growth-oriented senior business leader, corporate strategist, and M&A practitioner with over 35-years of experience in the global Electrical & Electronics manufacturing arena. In his new role as SVPGM over International Business, Gary will be responsible

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, May 01, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Shoals Technologies Group, Inc. ("Shoals" or the "Company") (NASDAQ:SHLS) investors that a lawsuit was filed on behalf of investors that purchased Shoals securities between May 17, 2022 and November 7, 2023, inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors

Investors can contact the law firm at no cost to learn more about recovering their losses ​LOS ANGELES, March 28, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Shoals Technologies Group, Inc. ("Shoals" or the "Company") (NASDAQ:SHLS) investors that a lawsuit was filed on behalf of investors that purchased Shoals securities between May 17, 2022 and November 7, 2023, inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss in

Investors can contact the law firm at no cost to learn more about recovering their losses​ LOS ANGELES, March 25, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Shoals Technologies Group, Inc. ("Shoals" or the "Company") (NASDAQ:SHLS) investors that a lawsuit was filed on behalf of investors that purchased Shoals securities between May 17, 2022 and November 7, 2023, inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss invest