Shoals Technologies Group, Inc. provides electrical infrastructure solutions for the energy transition market, including electrical balance of system (EBOS) solutions and components used in utility-scale solar projects. Its products are sold principally to engineering, procurement and construction firms that build solar energy projects, and company updates also reference battery energy storage solutions (BESS) and OEM components.
Recurring news for SHLS includes quarterly results, revenue outlooks, backlog and awarded orders, investor-event participation, product education for BESS markets, commercial agreements tied to critical-power systems, and intellectual-property matters involving the company’s patented Big Lead Assembly solutions.
Shoals Technologies Group (SHLS) reported third-quarter revenue of $195.3 million, up 43.8% from the same period a year earlier. Net income rose to $17.9 million from $11.9 million, and diluted earnings per share increased to $0.11 from $0.07. Gross margin fell to 31.9% from 37.0%, reflecting manufacturing-transition inefficiencies, product mix, quality-related costs and incremental lease accounting amortization.
Backlog and awarded orders totaled $791.7 million, up 9.8% year over year but down 1.2% sequentially. Shoals raised its full-year outlook, expecting revenue of $665 million–$685 million and adjusted EBITDA of $129 million–$133 million, a non-GAAP earnings measure. Nine-month operating cash flow was negative $5.788 million, versus positive $21.154 million a year earlier. Shoals also entered into a merger and reorganization agreement with ARRAY Technologies.
Shoals Technologies Group (SHLS) agreed to a stock-for-stock merger with ARRAY Technologies (ARRY), with ARRAY serving as legal acquirer. Shoals holders will receive 1.6931 ARRAY shares per share and are expected to own approximately 65% of basic shares outstanding, or 64.5% fully diluted. Closing is expected in the first quarter of 2027, subject to both shareholder votes, regulatory approvals and Nasdaq listing authorization.
The companies estimate preliminary, indicative 2027 combined revenue of $2.2 billion–$2.4 billion and Adjusted EBITDA of $410 million–$480 million, including year-one synergies. They expect more than $100 million in annual Adjusted EBITDA synergies within three years after closing. ARRAY committed to $317.5 million of mandatory preferred-stock redemptions. Shoals CEO Brandon Moss will lead the combined company; ARRAY CEO Kevin Hostetler will become Special Advisor.
Shoals Technologies Group (Nasdaq: SHLS) will release its third quarter 2026 results before market open on November 4, 2026. A conference call will follow at 8:00 a.m. Eastern Time that day. The live webcast will be accessible through the company's Investor Relations website, with an archived replay available shortly after the event concludes.
Shoals Technologies Group (Nasdaq: SHLS) announced that a jury in the U.S. District Court for the Middle District of North Carolina found that Voltage, LLC and Ningbo Voltage Smart Production Co. willfully infringed Shoals’ patents and awarded Shoals over $96 million in damages. The Court indicated it will issue a preliminary injunction immediately barring manufacture, distribution, or sale of the Voltage LYNX product in the U.S., and the willfulness finding allows potential enhancement of damages at the Court’s discretion. Shoals also highlighted a June ITC determination, now final after the Presidential Review Period lapsed without intervention, which found Voltage’s LYNX product infringed Shoals’ patents and barred importation of the products.
Shoals Technologies Group (Nasdaq: SHLS) announced that manufacturing and deliveries are underway for a 1.1 GW hyperscale data center project with ON.energy, which is expected to be the largest grid-connected battery installation in the U.S. Shoals has shipped a significant number of its PowerHub units for the project’s initial phase and plans to manufacture about 360 PowerHub systems at its Tennessee Mega facility. Initial phase deliveries are complete, with commissioning expected to begin in early Q4. Shoals and ON.energy have also expanded their collaboration to support multiple additional project sites across the United States.
Shoals Technologies Group (Nasdaq: SHLS) reported second quarter 2026 revenue of $163.4 million, up 47.4% year over year. Gross profit was $49.5 million with a margin of 30.3%, down from 37.2% due to transition-related inefficiencies at its new facility, product mix, product-quality related costs, material inefficiencies and incremental lease amortization.
Income from operations rose to $18.7 million, while net income declined to $12.1 million and diluted EPS to $0.07. Adjusted EBITDA increased to $31.6 million. Backlog and awarded orders reached a record $801.4 million, up 19.4% year over year and 5.7% sequentially. For Q3 2026, Shoals expects revenue of $150–$170 million and Adjusted EBITDA of $32–$37 million, and it reaffirmed full‑year 2026 guidance for revenue of $600–$640 million and Adjusted EBITDA of $118–$132 million, along with operating cash flow, capex and interest expense ranges.
Shoals Technologies Group (Nasdaq: SHLS) signed a strategic Memorandum of Understanding with TerraFlow Energy, a developer of grid-scale, long-duration vanadium flow battery systems. Under the MOU, Shoals will provide power distribution solutions to support TerraFlow’s growing energy storage portfolio for utility-scale and data center applications.
The collaboration is intended to back TerraFlow’s future deployment plan of up to 5 GW of storage annually by combining TerraFlow’s energy storage platform with Shoals’ PowerHub™ recombiner technology. The companies also plan to explore showcasing Shoals’ AirLink™ data center power distribution solution in TerraFlow’s customer demonstration facilities, targeting utilities, industrial facilities and AI data centers as electricity demand and grid reliability needs increase.
Shoals Technologies Group (Nasdaq: SHLS) announced participation in multiple investor events from August 6 to October 9, 2026. The schedule includes virtual and in-person conferences and meetings hosted by Goldman Sachs, Oppenheimer, Needham, Barclays, Jefferies, BNP Paribas, and UBS in both the US and Europe.
Company representatives, including CEO Brandon Moss, CFO Dominic Bardos, VP of Investor Relations Matt Tractenberg, and other senior leaders, will join fireside chats, conferences, and non-deal roadshows. According to Shoals, interested investors should contact the respective banks’ or brokers’ sales representatives to arrange access or meetings.
Shoals Technologies Group (Nasdaq: SHLS) will release its second quarter 2026 earnings before market open on Tuesday, August 4, 2026. A conference call is scheduled for 8:00 a.m. Eastern Time, with live webcast and replay available via the company’s investor relations website.
Shoals Technologies Group (Nasdaq: SHLS) reported a U.S. International Trade Commission final determination in its favor against Voltage over LYNX trunk bus products.
The ITC found a Section 337 violation, confirmed improper use of Shoals’ patented technology, and issued a limited exclusion order restricting Voltage’s U.S. imports, subject to a 60-day presidential review and 100% value bond.