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 Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Shoals Technologies Group, Inc. Announces Second Quarter 2024 Earnings Release Date and Conference Call

Array Technologies

First Solar

Solar stocks to buy on the dip are witnessing renewed enthusiasm with the recent positive economic developments. May's cooling inflation rates have weighed down U.S. Treasury yields, ramping up speculation around a potential September interest rate cut.

3 Solar Stocks to Buy on the Dip: June 2024

NextEra Energy

ON Semiconductor

Renewable energy is one of the most promising industries, with a market size valued at 1.09 trillion in 2023 and expected to reach 2.45 trillion by 2032. The increase in global consciousness of climate change hasn't changed.

3 Renewable Energy Stocks That Could Make Your Grandchildren Rich

NEXTracker Inc

The demand for solar energy is jumping in the U.S. as more electricity consumption increases, CNBC reported, leading to a lucrative opportunity in solar stocks to buy now. What's more, multiple industry sources say that the sector is reaching a positive turning point because Big Tech companies, in order to comply with their low-carbon pledges and power their data centers, will have to invest a great deal of money in solar.

3 Solar Stocks to Buy Now: June 2024

PORTLAND, Tenn., June 17, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (Nasdaq: SHLS), a global leader in electrical balance of system (EBOS) solutions for the energy transition market, today announced its launch of a comprehensive range of system-solutions focused on international developers and engineering, procurement and construction (EPC) contractors.

Shoals Technologies Group to Launch Global Suite of Solutions at Intersolar Europe

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.

Shoals Technologies Group, Inc. to Host 2024 Inaugural Investor Day

Apple

Affirm

U.S. stocks were lower, with the Dow Jones index falling over 250 points on Tuesday.

Shoals Technologies, Affirm Holdings, Apple And Other Big Stocks Moving Higher On Tuesday

PORTLAND, Tenn., June 11, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals” or the “Company”) (Nasdaq: SHLS), a leading provider of electrical balance of system solutions for the energy transition market, today announced that its Board of Directors has authorized the repurchase of up to $150 million of the Company's Class A common stock. The authorization is effective through December 31, 2025 and allows for repurchases to be made in the open market, privately-negotiated transactions, accelerated share repurchases or otherwise in accordance with applicable federal securities laws, including through Rule 10b5-1 trading plans and under Rule 10b-18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Shoals anticipates that share repurchases made pursuant to the authorization will be funded through cash on hand, free cash flow and borrowings under the Company's credit facilities.

Shoals Technologies Group, Inc. Announces $150 Million Share Repurchase Program and Entry Into $25 Million Accelerated Share Repurchase Agreement

NEW YORK , May 21, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Shoals Technologies Group, Inc. (NASDAQ: SHLS). Shareholders who purchased shares of SHLS during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment.

The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of May 21, 2024 in Shoals Technologies Group, Inc. Lawsuit - SHLS

BENSALEM, Pa. , May 20, 2024 /PRNewswire/ -- Law Offices of Howard G.

SHLS Investors Have Opportunity to Lead Shoals Technologies Group, Inc. Securities Fraud Lawsuit

Enphase Energy

JinkoSolar Holding

Maxeon Solar Technologies

Sunrun

SinglePoint Inc.

The IEA's Renewables 2023 report highlights the rapid expansion of renewable power capacity worldwide, which grew by 50% in 2023, led by China, Europe, the United States, and Brazil. Solar PV and wind accounted for most of the growth.

7 Solar Stocks That Could Be Millionaire-Makers: May Edition

NEW YORK, NY / ACCESSWIRE / May 20, 2024 / If you suffered a loss on your Shoals Technologies Group, Inc. (NASDAQ:SHLS) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/shoals-technologies-lawsuit-submission-form?prid=80672&wire=1 or contact Joseph E. Levi, Esq.

Investors in Shoals Technologies Group, Inc. Should Contact Levi & Korsinsky Before May 21, 2024 to Discuss Your Rights - SHLS

NEW YORK, NY / ACCESSWIRE / May 20, 2024 / If you suffered a loss on your Shoals Technologies Group, Inc. (NASDAQ:SHLS) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/shoals-technologies-lawsuit-submission-form?prid=80677&wire=1 or contact Joseph E. Levi, Esq.

Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of May 21, 2024 in Shoals Technologies Group, Inc. Lawsuit - SHLS

NEW YORK, NY / ACCESSWIRE / May 19, 2024 / If you suffered a loss on your Shoals Technologies Group, Inc. (NASDAQ:SHLS) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/shoals-technologies-lawsuit-submission-form?prid=80665&wire=1 or contact Joseph E. Levi, Esq.

Levi & Korsinsky Notifies Shareholders of Shoals Technologies Group, Inc.(SHLS) of a Class Action Lawsuit and an Upcoming Deadline

NEW YORK, NY / ACCESSWIRE / May 19, 2024 / If you suffered a loss on your Shoals Technologies Group, Inc. (NASDAQ:SHLS) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/shoals-technologies-lawsuit-submission-form?prid=80666&wire=1 or contact Joseph E. Levi, Esq.

Shareholders that lost money on Shoals Technologies Group, Inc.(SHLS) Urged to Join Class Action - Contact Levi & Korsinsky to Learn More

LOS ANGELES, CA / ACCESSWIRE / May 19, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Shoals Technologies Group, Inc. ("Shoals" or "the Company") (NASDAQ:SHLS) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between May 17, 2022 and November 7, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before May 21, 2024.

IMPORTANT INVESTOR ALERT: The Schall Law Firm Encourages Investors in Shoals Technologies Group, Inc. with Losses of $100,000 to Contact the Firm

NEW YORK, NY / ACCESSWIRE / May 19, 2024 / If you suffered a loss on your Shoals Technologies Group, Inc. (NASDAQ:SHLS) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/shoals-technologies-lawsuit-submission-form?prid=80603&wire=1 or contact Joseph E. Levi, Esq.

Shoals Technologies Group, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before May 21, 2024 to Discuss Your Rights - SHLS

NEW YORK, NY / ACCESSWIRE / May 19, 2024 / If you suffered a loss on your Shoals Technologies Group, Inc. (NASDAQ:SHLS) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/shoals-technologies-lawsuit-submission-form?prid=80599&wire=1 or contact Joseph E. Levi, Esq.

Shoals Technologies Group, Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky Before May 21, 2024 to Discuss Your Rights - SHLS

NEW YORK, NY / ACCESSWIRE / May 17, 2024 / If you suffered a loss on your Shoals Technologies Group, Inc. (NASDAQ:SHLS) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/shoals-technologies-lawsuit-submission-form?prid=80523&wire=1 or contact Joseph E. Levi, Esq.

Shareholders that lost money on Shoals Technologies Group, Inc.(SHLS) should contact Levi & Korsinsky about pending Class Action - SHLS

NEW YORK, NY / ACCESSWIRE / May 17, 2024 / If you suffered a loss on your Shoals Technologies Group, Inc. (NASDAQ:SHLS) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/shoals-technologies-lawsuit-submission-form?prid=80457&wire=1 or contact Joseph E. Levi, Esq.

Shoals Technologies Group, Inc. Sued for Securities Law Violations - Contact Levi & Korsinsky Before May 21, 2024 to Discuss Your Rights - SHLS

NEW YORK, NY / ACCESSWIRE / May 17, 2024 / If you suffered a loss on your Shoals Technologies Group, Inc. (NASDAQ:SHLS) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/shoals-technologies-lawsuit-submission-form?prid=80454&wire=1 or contact Joseph E. Levi, Esq.

Shareholders that Lost Money on Shoals Technologies Group, Inc.(SHLS) Should Contact Levi & Korsinsky About Pending Class Action - SHLS

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming May 21, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Shoals Technologies Group, Inc. (“Shoals” or the “Company”) (NASDAQ: SHLS) common stock between January 27, 2021 and November 7, 2023, inclusive (the “Class Period”). If you are a shareholder who suffered a loss, click here to participate. On August 1, 2023, Shoals disclosed that it ha.

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Shoals Technologies Group, Inc. (SHLS)

LOS ANGELES, CA / ACCESSWIRE / May 17, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Shoals Technologies Group, Inc. ("Shoals" or "the Company") (NASDAQ:SHLS) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between May 17, 2022 and November 7, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before May 21, 2024.

DEADLINE ACTION NOTICE: The Schall Law Firm Encourages Investors in Shoals Technologies Group, Inc. with Losses of $100,000 to Contact the Firm

NEW YORK, NY / ACCESSWIRE / May 17, 2024 / If you suffered a loss on your Shoals Technologies Group, Inc. (NASDAQ:SHLS) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/shoals-technologies-lawsuit-submission-form?prid=80410&wire=1 or contact Joseph E. Levi, Esq.

Levi & Korsinsky Reminds Shoals Technologies Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 21, 2024 - SHLS

NEW YORK, NY / ACCESSWIRE / May 17, 2024 / If you suffered a loss on your Shoals Technologies Group, Inc. (NASDAQ:SHLS) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/shoals-technologies-lawsuit-submission-form?prid=80392&wire=1 or contact Joseph E. Levi, Esq.

News for Shoals Technologies Group Stock (SHLS)