Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions for solar energy projects in the United States. It offers EBOS components, such as cable assemblies, inline fuses, combiners, recombiners, disconnects, wireless monitoring systems, junction boxes, transition enclosures, and splice boxes that carry the electric current produced by solar panels to an inverter and to the power grid. The company sells its products to engineering, procurement, and construction firms that build solar energy projects. Shoals Technologies Group, Inc. was founded in 1996 and is headquartered in Portland, Tennessee.
IPO Year: 2021
Exchange: NASDAQ
Website: shoals.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
5/15/2025 | $4.00 | Neutral → Underperform | BNP Paribas Exane |
2/18/2025 | Peer Perform | Wolfe Research | |
12/17/2024 | $7.00 | Equal-Weight → Overweight | Morgan Stanley |
11/25/2024 | $6.00 | Buy | BofA Securities |
11/13/2024 | $9.50 → $11.00 | Buy | TD Cowen |
10/14/2024 | $46.00 | Equal Weight | Wells Fargo |
10/3/2024 | $5.00 → $5.50 | Sell → Neutral | Citigroup |
9/4/2024 | $5.00 | Hold | Jefferies |
8/7/2024 | $15.00 → $7.00 | Outperform → Neutral | Exane BNP Paribas |
7/2/2024 | $15.00 → $5.00 | Buy → Sell | Citigroup |
4 - Shoals Technologies Group, Inc. (0001831651) (Issuer)
4 - Shoals Technologies Group, Inc. (0001831651) (Issuer)
4 - Shoals Technologies Group, Inc. (0001831651) (Issuer)
PORTLAND, Tenn., June 16, 2025 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. ("Shoals"), a leading provider of electrical balance of system solutions for the global energy transition market, announced today that it has further strengthened its executive team with the addition of Bobbie L. King, Jr. as Chief Legal Officer and Corporate Secretary to drive its legal strategy and support sustainable growth. Mr. King brings over 15 years of legal and leadership experience in the clean infrastructure industry. He joins Shoals from HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI), where he served as Senior Vice President & Deputy Chief Legal Officer. Mr. King has also held senior le
– Quarterly Revenue of $80.4 million – – Gross Margin of 35.0% – – Net Loss of $(0.3) million – – Adjusted EBITDA1 of $12.8 million – – Backlog and Awarded Orders Increased 5% Year-Over-Year to $645.1 million – – Provides Second Quarter and Full Year 2025 Outlook – PORTLAND, Tenn., May 06, 2025 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. ("Shoals" or the "Company") (NASDAQ:SHLS), a leading provider of electrical balance of system ("EBOS") solutions and components, including battery energy storage solutions ("BESS") and Original Equipment Manufacturer ("OEM") components for the global energy transition market, today announced results for its first quart
PORTLAND, Tenn., May 05, 2025 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (NASDAQ:SHLS), a global leader in electrical balance of system (EBOS) solutions for the energy transition market, announced today the execution of a Memorandum of Understanding (MOU) with UGT Renewables to collaborate on up to 12 gigawatts (GW) of global solar projects currently in UGT Renewables' development pipeline. This collaboration aims to bring innovative EBOS solutions to emerging markets, accelerating the energy transition and supporting sustainable development. "We are always seeking best-in-class providers for our projects in order to deliver world-class American-led energy installations. We hav
PORTLAND, Tenn., April 23, 2025 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. ("Shoals" or the "Company") (NASDAQ:SHLS), a global leader in electrical balance of systems ("EBOS") solutions for the energy transition market, announced today its participation in the following upcoming investor events: May 8, 2025: Mizuho Virtual Fireside ChatShoals' CEO, Brandon Moss, will participate in a fireside chat with covering analyst Maheep Mandloi. Interested investors should contact their Mizuho sales representative. May 13, 2025: UBS Energy Transition and Decarbonization Conference in New YorkShoals' VP of Finance & Investor Relations, Matt Tractenberg, will host in-person investor meetings
PORTLAND, Tenn., April 07, 2025 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (the "Company") (NASDAQ:SHLS) today announced that the Company will release its first quarter 2025 results before market open on Tuesday, May 6, 2025, 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") so
PORTLAND, Tenn., March 26, 2025 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. ("Shoals") (NASDAQ:SHLS), a global leader in electrical balance of systems ("EBOS") solutions for the energy transition market, announced its continued commitment to investment in domestic manufacturing in Alabama with First Solar, Inc. (NASDAQ:FSLR). This partnership enables the two companies to support the continued reshoring of domestic supply chains for the U.S. solar industry. "Our longstanding partnership with First Solar is something we are really proud of at Shoals," Brandon Moss, CEO of Shoals stated. "We appreciate First Solar's confidence in our commitment to quality products to support the re-s
PORTLAND, Tenn., Feb. 27, 2025 (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 its participation in the following upcoming investor events: March 4th, 2025: Jefferies Power, Utilities, and Clean Energy Conference in New YorkShoals' CEO Brandon Moss, VP of Finance and Investor Relations Matt Tractenberg, and VP of Marketing and Communications Lindsey Williams will host in-person investor meetings with covering analyst Julien Dumoulin-Smith. Interested investors should contact their Jefferies sales representative. March 5th, 2025: Citi Virtual F
– Quarterly Revenue of $107.0 million – – Adjusted Gross Profit Percentage1 of 37.6% – – Quarterly Net Income of $7.8 million – – Adjusted EBITDA1 of $26.4 million – – Ending Backlog and Awarded Orders of $634.7 million – – Provides First Quarter and Full Year 2025 Outlook – PORTLAND, Tenn., Feb. 25, 2025 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. ("Shoals" or the "Company") (NASDAQ:SHLS), a leading provider of electrical balance of system ("EBOS") solutions and components, including battery energy storage solutions ("BESS"), and Original Equipment Manufacturer ("OEM") components for the global energy transition market, today announced results for its fourth quarter ended De
PORTLAND, Tenn., Feb. 11, 2025 (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 filed a Petition for Review and Notice of Appeal to the United States Court of Appeals for the Federal Circuit. The appeal seeks review of the International Trade Commission (ITC) decision to reverse the Administrative Law Judge's (ALJ) prior determination that Voltage's LYNX trunk bus products infringe Shoals' '153 Patent. In the filing, Shoals requests that the Federal Circuit Court of Appeals review and overturn the ITC's interpretation of the Shoals '15
PORTLAND, Tenn., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (the "Company") (NASDAQ:SHLS) today announced that the Company will release its fourth quarter and full year 2024 results before market open on Tuesday, February 25, 2025, 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