Welcome to our dedicated page for Shoals Technologies Group news (Ticker: SHLS), a resource for investors and traders seeking the latest updates and insights on Shoals Technologies Group stock.
Shoals Technologies Group, Inc. (NASDAQ: SHLS) is a provider of electrical balance of system (EBOS) solutions and components for solar energy and the broader global energy transition market. This news page aggregates company announcements, earnings updates, project milestones, and other disclosures that reflect how Shoals participates in utility-scale solar and energy storage developments.
Investors and observers can find coverage of Shoals’ quarterly financial results, where the company discusses revenue trends, gross margins, operating income, non-GAAP metrics such as Adjusted EBITDA, and changes in backlog and awarded orders. These releases also describe demand drivers for EBOS products and components, as well as the mix of domestic utility-scale and international projects contributing to the company’s pipeline.
The news flow also includes updates on strategic projects and geographic expansion. Recent announcements describe Shoals’ role in large solar and battery energy storage projects, such as the Maryvale Solar and Energy Storage Project in Australia and the Alcones project in Chile, where its Big Lead Assembly (BLA) and other EBOS solutions are deployed. The company also reports on regional leadership appointments, such as a Country Manager for the Pacific region, to support growth in markets like Australia, New Zealand, and the Pacific islands.
Corporate and governance developments, including executive appointments such as the Chief Accounting Officer, are disclosed through press releases and related SEC filings. Shoals also announces participation in investor conferences, fireside chats, and non-deal roadshows hosted by financial institutions, providing additional context for how management communicates with the investment community.
By following this page, readers can monitor Shoals’ reported financial performance, project activity, international expansion, intellectual property developments related to its BLA architecture, and executive-level changes, all drawn from the company’s own news releases and regulatory communications.
Shoals Technologies Group reported record revenue of $175.5 million in 2020, marking a 21.5% increase year-over-year. In Q4, revenues reached $38.8 million, with a gross margin expansion of 530 bps to 38.3%. The company’s backlog surged by 46% to $157 million. For 2021, Shoals anticipates revenues between $230 million and $240 million, indicating potential growth of 31% to 36.7%. Shoals remains focused on growth strategies in solar and EV infrastructure, expecting continued success in these areas.
Shoals Technologies Group (Nasdaq: SHLS) announced the addition of three experienced executives, Lori Sundberg, Toni Volpe, and Ty Daul, to its Board of Directors. These appointments are expected to enhance Shoals' strategic direction in renewable energy and infrastructure. Sundberg brings HR expertise from Western Digital; Volpe leads Falck Renewables with significant growth experience; and Daul has extensive solar project development experience at Primergy Solar. Their collective expertise aims to support Shoals' growth ambitions in the renewable sector.
Shoals Technologies Group, Inc. (Nasdaq: SHLS) is set to announce its fourth quarter and full-year 2020 financial results on March 15, 2021, after market close. Following the release, a conference call will take place at 5:00 p.m. ET, where investors can join via webcast or phone. The company specializes in electrical balance of systems solutions for solar and electric vehicle charging, boasting deployments in over 20 GW of solar systems worldwide.
Shoals Technologies Group announced the closing of its upsized IPO, issuing 88.55 million shares of Class A common stock at $25.00 per share. The offering comprised 11.55 million shares sold by the company and 77 million shares sold by Oaktree Capital Management. This upsizing followed the full exercise of underwriters' options, adding 2.55 million shares from the company and 9 million from the selling stockholder. The shares began trading on Nasdaq under the ticker 'SHLS' on January 27, 2021. Goldman Sachs and J.P. Morgan were among the lead managers.
Shoals Technologies Group announced the pricing of its upsized IPO, offering 77 million shares of Class A common stock at $25.00 per share. This includes 9 million shares sold by the Company and 68 million by a parent entity controlled by Oaktree Capital Management. A 30-day option for underwriters to purchase an additional 11.55 million shares is also included. The shares will trade on Nasdaq under the symbol SHLS, with trading set to begin on January 27, 2021, and the offering expected to close on January 29, 2021.