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 (SHLS) has signed a Memorandum of Understanding with UGT Renewables to collaborate on up to 12 gigawatts (GW) of global solar projects. The initial phase includes two projects in Angola's Southern Provinces with 600 MW combined capacity, financed by EXIM Bank and scheduled to begin in 2025. These projects will help electrify 60% of Angola's population and provide clean water to over 1.1 million people.
The collaboration leverages Shoals' electrical balance of system (EBOS) solutions and BLA technology, which offers superior cost efficiency and requires less skilled labor. UGT Renewables, along with its sister company Sun Africa, focuses on developing renewable energy projects in emerging markets.
[ "Partnership secures potential deployment of EBOS solutions for up to 12GW of solar projects globally", "Initial 600MW projects in Angola confirmed to start in 2025 with EXIM Bank financing", "Expands Shoals' international market presence in emerging markets", "BLA solution offers competitive advantage through lower costs and reduced labor requirements" ]Shoals Technologies Group (Nasdaq: SHLS), a global leader in electrical balance of systems (EBOS) solutions, has announced its upcoming investor events schedule from May to June 2025. The company's leadership team will participate in multiple high-profile investor conferences and meetings including:
- Virtual fireside chats with Mizuho and Goldman Sachs
- Conferences hosted by UBS, Bank of America, RBC, and J.P. Morgan in New York
- Non-deal roadshow with Guggenheim in Los Angeles and San Francisco
- Annual Roth Conference in London
Key executives participating include CEO Brandon Moss, CFO Dominic Bardos, President Jeff Tolnar, and VP of Finance & IR Matt Tractenberg. Interested investors are advised to contact their respective institutional sales representatives to participate.
Shoals Technologies Group (Nasdaq: SHLS) has scheduled its first quarter 2025 earnings release and conference call. The company will announce Q1 2025 results before market open on Tuesday, May 6, 2025, followed by a conference call at 8:00 a.m. Eastern Time. Investors can access the live webcast through the company's Investor Relations website, with an archived replay available after the event.
Shoals Technologies Group (SHLS) has announced the continuation of its partnership with First Solar (FSLR) to strengthen domestic solar manufacturing in Alabama. The collaboration focuses on supporting First Solar's expanding U.S. manufacturing footprint, including their new $1.1 billion Alabama facility that created over 800 direct manufacturing jobs.
Shoals will supply custom junction boxes manufactured in Alabama to support First Solar's additional 3.5 GW solar manufacturing facility. This partnership extends to First Solar's three operating facilities in Ohio and their planned $1.1 billion facility in Louisiana, solidifying First Solar's position as the largest solar manufacturer in the Western Hemisphere.
The partnership reinforces both companies' commitment to reshoring America's solar supply chain and creating domestic manufacturing jobs. Representatives Robert Aderholt and Dale Strong have expressed support for this initiative, highlighting its importance for Alabama's economic growth and the nation's energy technology sector.
Shoals Technologies Group (Nasdaq: SHLS), a global leader in electrical balance of system (EBOS) solutions, has announced its participation in seven major investor events throughout March 2025.
The schedule includes:
- March 4: Jefferies Power Conference in New York
- March 5: Citi Virtual Fireside Chat
- March 11: Cantor Fitzgerald Global Technology Conference in New York
- March 12: Oppenheimer Virtual Fireside Chat
- March 17: 37th Annual Roth Conference in California
- March 18: Piper Sandler Energy Conference in Las Vegas
- March 20: Janney Montgomery Virtual Fireside Chat
Key executives including CEO Brandon Moss, CFO Dominic Bardos, and VP of Finance Matt Tractenberg will participate in various investor meetings and fireside chats with industry analysts.
Shoals Technologies Group reported Q4 2024 financial results. Revenue was $107.0 million, down 18% from the prior year's $130.4 million. The adjusted gross profit percentage decreased to 37.6% from 42.5%, and net income fell to $7.8 million from $16.6 million. Adjusted EBITDA decreased to $26.4 million from $39.1 million. The company ended the quarter with a backlog and awarded orders of $634.7 million.
For the full year 2024, revenue decreased 18% to $399.2 million. Gross profit was $142.0 million, down from $168.3 million, and net income was $24.1 million, down from $42.7 million. Adjusted EBITDA was $99.1 million, compared to $173.4 million in the prior year. The backlog and awarded orders were flat year-over-year but up 6.5% from Q3 2024.
The company provided a cautious 2025 outlook due to market uncertainties. For Q1 2025, revenue is expected between $70 million and $80 million, and adjusted EBITDA between $10 million and $15 million. For the full year 2025, revenue is projected between $410 million and $450 million, with adjusted EBITDA between $100 million and $115 million, and cash flow from operations between $30 million and $45 million.
Shoals Technologies Group (SHLS) has filed a Petition for Review and Notice of Appeal to the United States Court of Appeals for the Federal Circuit, challenging the International Trade Commission's (ITC) recent decision to reverse a prior ruling regarding Voltage's LYNX trunk bus products infringing Shoals' '153 Patent.
The appeal requests a 'de novo' review of the ITC's interpretation, which could result in either finding infringement or remanding the case to apply the Administrative Law Judge's original interpretation. Additionally, the ITC has instituted a new investigation into Voltage's alleged infringement of Shoals' newly issued '375 and '376 patents, which protect improved trunk bus lead assembly designs for solar energy projects.
Shoals Technologies Group (Nasdaq: SHLS) has announced it will release its fourth quarter and full year 2024 financial results before market open on Tuesday, February 25, 2025. The company will host a conference call at 8:00 a.m. Eastern Time on the same day to discuss the results. Investors can access a live webcast of the call through the Investor Relations section of Shoals' website, with an archived replay available after the event.