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

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

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.

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

Bionano Genomics

MGM Resorts

NXP Semiconductors

Plug Power

Tesla

XPeng

A bull-bear battle is starting to materialize in the stock market, and I believe that the struggle will intensify in early 2023. Bears believe that we're heading for a steep recession and a horrible macro environment for stocks, and many of them are looking for unprofitable growth equities to short.

The Top 7 Stocks to Watch in 2023

– Inaugural report highlights company's accomplishments and approach to ESG strategy – – Inaugural report highlights company's accomplishments and approach to ESG strategy –

Shoals Technologies Group, Inc. Releases Inaugural Environmental, Social and Governance (ESG) Report

– Promotions Demonstrate Depth of Leadership Experience –

Shoals Technologies Group, Inc. Announces Key Executive Appointments

Estee Lauder

Inmode Ltd

Ferrari

It's time to look for strong, potential breakout stocks. All as the outlook for the U.S. economy and the overall stock market start to improve.

7 Stocks on the Cusp of a Breakout

Expedia

iCAD

United Continental Hlds

Workday

On Dec. 5, U.S. stocks were dragged down in part by renewed bearishness on the part of Morgan Stanley (NYSE: MS ) analyst Mike Wilson. However, with the U.S. services sector, the job market, and consumer spending holding up quite well, it's  difficult for me to imagine how the profit collapse predicted by Wilson could materialize.

Our 7 Top Nasdaq Stock Picks for 2023

PORTLAND, Tenn., Dec. 01, 2022 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (Nasdaq: SHLS) (the “Company”) today announced the pricing of its upsized underwritten public offering of an aggregate of 26,000,000 shares of the Company's Class A common stock, at a price to the public of $22.25 per share. The Company is offering 2,000,000 shares of its Class A common stock, and certain selling stockholders (collectively, the “Selling Stockholders”), comprising Dean Solon and certain of his affiliates, are offering 24,000,000 shares of the Company's Class A common stock.

Shoals Technologies Group, Inc. Announces Pricing of Upsized Offering of 26,000,000 Shares of Class A Common Stock

PORTLAND, Tenn., Nov. 30, 2022 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (Nasdaq: SHLS) (the “Company”) today announced the launch of an underwritten public offering of an aggregate of 20,000,000 shares of the Company's Class A common stock. The Company is offering 2,000,000 shares of its Class A common stock, and certain selling stockholders (collectively, the “Selling Stockholders”), comprising Dean Solon and certain of his affiliates, are offering 18,000,000 shares of the Company's Class A common stock. Additionally, the Selling Stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 3,000,000 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 20,000,000 Shares of Class A Common Stock

PORTLAND, Tenn., Nov. 30, 2022 (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 that its Chief Executive Officer, Jason Whitaker, has informed the Board of Directors that he intends to step down from his role as Chief Executive Officer for health reasons in early 2023. Mr. Whitaker will remain with the Company in an advisory role until mid-March 2023. Brad Forth, Chairman of the Board of Shoals, is leading the Board search for a new CEO, with the assistance of executive search firm Spencer Stuart. Mr. Whitaker expects to continue serving on the Board of Directors during this transition period.

Shoals Technologies Group, Inc. Announces CEO Succession Plan

Coinbase

Disney

Macy's

MicroStrategy Incorporated

Ross Stores

Invesco Solar ETF

These are just a few of the hot stocks to continue owning heading into December

7 Stocks Primed for Huge Moves in December

Shoals Technologies Group Inc (NASDAQ: SHLS) shares are trading higher by 25.10% to $28.11 Tuesday morning after the company reported better-than-expected third-quarter EPS and sales results. The company also raised the midpoint for its FY22 sales guidance.

Why Shoals Technologies Stock Is Exploding Higher - Shoals Technologies Gr (NASDAQ:SHLS)

Shoals stock jumped Tuesday after the provider of solar-energy equipment reported third-quarter results that beat estimates. The post Shoals Stock Soars On Quarterly Earnings, Fueled By New Energy Bill appeared first on Investor's Business Daily.

Shoals Stock Soars On Quarterly Earnings, Fueled By New Energy Bill

Shoals Technologies Group, Inc. (NASDAQ:SHLS ) Q3 2022 Earnings Conference Call November 14, 2022 5:00 PM ET Company Participants Mehgan Peetz - General Counsel, Chief Legal Officer & Corporate Secretary Jason Whitaker - CEO, President & Director Dominic Bardos - CFO Conference Call Participants Mark Strouse - JPMorgan Chase & Co. Philip Shen - ROTH Capital Partners Maheep Mandloi - Crédit Suisse Martin Malloy - Johnson Rice & Company Colin Rusch - Oppenheimer Kashy Harrison - Piper Sandler Brian Lee - Goldman Sachs Joseph Osha - Guggenheim Securities Operator Good afternoon, and welcome to Shoals Technologies Group Third Quarter 2022 Earnings Conference Call. Today's call is being recorded, and we have allocated 1 hour for prepared remarks and Q&A.

Shoals Technologies Group, Inc. (SHLS) Q3 2022 Earnings Call Transcript

Shoals Technologies (SHLS) delivered earnings and revenue surprises of 25% and 9.53%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Shoals Technologies Group (SHLS) Q3 Earnings and Revenues Top Estimates

– Reports Record Quarterly Revenue, Gross Profit, Adjusted EBITDA and Adjusted Net Income –

Shoals Technologies Group, Inc. Reports Financial Results for Third Quarter 2022

Enphase Energy

First Solar

JinkoSolar Holding

SolarEdge Technologies

Stem, Inc

Solar stocks received a big boost recently from the robust third-quarter financial results of two major players in the sector: solar inverter maker Enphase (NASDAQ: ENPH)  and Sunrun (NASDAQ: RUN ), both of which specialize in selling solar panels to U.S. homeowners. Enphase's results showed that the makers of solar components other than panels are thriving in the current environment, while Sunrun's earnings proved that U.S. homeowners' demand for solar panels is climbing meaningfully, despite rapidly rising interest rates.

7 Solar Stocks With the Best Chance of Creating Millionaires by 2030

Array Technologies

Maxeon Solar Technologies

Solar power stocks have roared thanks to passage of the Inflation Reduction Act. Here's why the long-volatile group may offer investors more stability now.

Solar Stocks Have A Bright New Outlook Including First Solar, Enphase, Array And Shoals

PORTLAND, Tenn., Nov. 02, 2022 (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 (EV) charging infrastructure, today announced it has been awarded a 1 GWdc contract to supply its BLA and storage solutions on a project that will be one of the largest solar plus storage projects in the U.S. when complete.

Shoals Technologies Group To Supply 1 GWdc Solar + Storage Project

PORTLAND, Tenn., Oct. 31, 2022 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (the “Company” or “Shoals”) (Nasdaq: SHLS) today announced that the Company will release its third quarter 2022 results after market close on Monday, November 14, 2022, 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 2022 Earnings Release Date and Conference Call

Achieving Certification to UL standards demonstrates Shoals successfully meets applicable industry requirements for safety and performance Achieving Certification to UL standards demonstrates Shoals successfully meets applicable industry requirements for safety and performance

Shoals Technologies Group Achieves Certification For Above Ground eMobility Charging Solutions

New North-South BLA trunk bus optimizes EBOS installation, long-term O&M and delivers overall project savings compared to conventional wiring methods New North-South BLA trunk bus optimizes EBOS installation, long-term O&M and delivers overall project savings compared to conventional wiring methods

Shoals Technologies and Nextracker Innovate to Launch North-South Big Lead Assembly (BLA) Product for Solar EBOS

Alcoa

Darden Restaurants

Nexa Resources

Southern Copper

Teck Resources

The analysts are upgrading these stocks despite the broad market weakness which means these are stock investors should pay attention to.

Stock Market: 3 Islands Of Strength In A Sea Of Red

Canadian Solar

To say that the Biden administration's recently enacted Inflation Reduction Act of 2022 (IRA22) has given the renewable energy industry a shot in the arm would be an understatement.

Goldman Sachs Updates Solar Stocks Outlook

Sunnova Energy International Inc

SunPower

Investors looking for solar stocks to buy may have their pick right now. Solar stocks have gained significant momentum over the past few months despite macroeconomic headwinds.

7 Solar Stocks to Buy on the Ford Energy Deal

Shoals' Q2 revenues beat expectations while EPS fell in line. The company is experiencing increased demand for its EBOS solutions underpinned by a strong and growing backlog, likely to continue on the back of tariff exemptions.

Shoals: The Dark Horse Of The Solar Industry

Shoals Technologies Group, Inc. (NASDAQ:SHLS ) Q2 2022 Results Conference Call August 15, 2022 5:00 PM ET Company Participants Mehgan Peetz - General Counsel Jason Whitaker - CEO Kevin Hubbard - Interim CFO Conference Call Participants Brian Lee - Goldman Sachs Philip Shen - ROTH Capital Maheep Mandloi - Credit Suisse Colin Rusch - Oppenheimer Kasope Harrison - Piper Sandler Jeff Osborne - Cowen and Co. Brett Castelli - Morningstar Operator Thank you for standing by. This is the conference operator.

News for Shoals Technologies Group Stock (SHLS)