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 Technologies (SHLS) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in Shoals Technologies (SHLS): Can Its 5.3% Jump Turn into More Strength?

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Shoals is a leading provider of electrical balance of system solutions and components for solar, battery storage, and EV charging applications. The company's revenue has tripled in the last five years and profitability metrics demonstrated a strong dynamic. SHLS stock has seen a 20% decline this year but is considered attractively valued given its revenue growth profile and positive FCF margin.

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Shoals Technologies Group, Inc. (NASDAQ:SHLS ) Q2 2023 Earnings Conference Call August 1, 2023 5:00 PM ET Company Participants Brandon Moss - Chief Executive Officer Jeff Tolnar - President Dominic Bardos - Chief Financial Officer Dhaval Patel - VP of Investor Relations Mehgan Peetz - Chief Legal Counsel Conference Call Participants Philip Shen - ROTH MKM Jordan Levy - Truist Securities Hilary Cauley - Guggenheim Brian Lee - Goldman Sachs Colin Rusch - Oppenheimer Luke Tilkens - Piper Sandler Derek Soderberg - Cantor Fitzgerald Brett Castelli - Morningstar Donovan Schafer - Northland Capital Markets Operator Good afternoon, and welcome to Shoals Technologies Group, Second Quarter 2023 Earnings Conference Call. Today's call is being recorded, and we have allocated one hour for prepared remarks and Q&A.

Shoals Technologies Group, Inc. (SHLS) Q2 2023 Earnings Call Transcript

Shoals Technologies Group (SHLS) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.07 per share a year ago.

Shoals Technologies Group (SHLS) Q2 Earnings and Revenues Top Estimates

– Record Quarterly Revenue of $119.2 million, up 62% Year-Over-Year – – System Solutions Revenue Grew 80% Year-Over-Year to $102.1 million, Representing 86% of Second Quarter Revenue – – Gross Margin Expanded 350 bps Year-Over-Year to 42.4% – – Signed Landmark 10 Gigawatt Master Supply Agreement with Blattner Company – – Backlog and Awarded Orders Increased 67% Year-Over-Year to $546.1 million – PORTLAND, Tenn., Aug. 01, 2023 (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 second quarter ended June 30, 2023.

Shoals Technologies Group, Inc. Reports Financial Results for Second Quarter 2023

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PORTLAND, Tenn., July 28, 2023 (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, announced today the publication of its 2022 Environmental, Social, and Governance (ESG) Report.

Shoals Technologies Group Releases 2022 Environmental, Social and Governance (ESG) Report

Shoals Technologies (SHLS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Shoals Technologies Group (SHLS) Earnings Expected to Grow: Should You Buy?

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PORTLAND, Tenn., July 12, 2023 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (the “Company”) (Nasdaq: SHLS) today announced that the Company will release its second quarter 2023 results after market close on Tuesday, August 1, 2023, 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 2023 Earnings Release Date and Conference Call

PORTLAND, Tenn., June 20, 2023 (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, announced today that the U.S. International Trade Commission (ITC) has instituted an investigation into allegations of patent infringement against Hikam America, Inc., based in Chula Vista, California, and Voltage, LLC, based in Chapel Hill, North Carolina.

ITC Accepts Shoals Technologies Group's Complaint to Investigate Alleged Importation of Infringing Hikam and Voltage Products

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Mr. Moss Brings a Proven Track Record of Driving Growth and Value Creation to Shoals Mr. Moss Brings a Proven Track Record of Driving Growth and Value Creation to Shoals

Shoals Technologies Group, Inc. Appoints Brandon Moss as Chief Executive Officer

Shoals Technologies' Q1 results demonstrated strong demand, with revenue of $105M and adjusted EBITDA of $36.1M, while backlog and awarded orders increased 23% sequentially. The company filed a patent infringement case against Hikam America, highlighting the importance of protecting its intellectual property and maintaining its competitive edge. Shoals is exploring opportunities in battery storage, EV solutions, and other markets, with the potential for significant growth and value creation for shareholders.

Shoals Technologies: A Premium Worth Paying

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Shoals has been able to capitalize on long-term trends of renewables. In its recent earnings release, Shoals displayed excellent growth prospects. The company's constant innovation of products has created a competitive edge.

Shoals Technologies: Product Innovation Fostering Growth

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Shoals Technologies Group Inc. NASDAQ: SHLS is an electrical balance of system (EBOS) solutions provider for the solar, energy storage, and electric vehicle (EV) infrastructure industry. EBOS are all the components of photovoltaic power systems minus solar panels.

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