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Shoals Technologies Group, Inc. (SHLS) delivers essential electrical balance of systems (EBOS) solutions for solar energy sector, combining innovative engineering with rigorous quality standards. This news hub provides investors and industry professionals with comprehensive updates on corporate developments, financial milestones, and technological advancements.
Access authoritative reporting on earnings announcements, product launches, and strategic partnerships that shape SHLS's position in renewable energy markets. Our curated collection features official press releases alongside verified third-party analysis, offering balanced perspectives on operational expansions and patent-protected innovations like the Big Lead Assembly system.
Stay informed about regulatory developments, manufacturing updates, and leadership changes impacting solar EBOS solutions. Content is organized for efficient navigation across financial performance data, project deployments, and industry recognition awards. Regular updates ensure timely awareness of factors influencing SHLS's role in large-scale solar installations and energy transition initiatives.
Bookmark this page for streamlined tracking of Shoals Technologies' progress in enhancing solar system safety, efficiency through its specialized components. Verify information accuracy through direct links to SEC filings and primary source documentation where available.
Shoals Technologies Group (Nasdaq: SHLS) has announced its upcoming second quarter 2024 earnings release and conference call. The company will disclose its Q2 2024 results after the market closes on Tuesday, August 6, 2024, followed by a conference call at 5:00 p.m. Eastern Time. Investors can access the live webcast through the company's Investor Relations website. For those preferring a phone connection, domestic callers can dial 1-877-407-0789, while international participants should use +1-201-689-8562. A replay will be available until August 20, 2024, accessible via 1-844-512-2921 (domestic) or +1-412-317-6671 (international) with the access ID 13745188.
Shoals Technologies Group (Nasdaq: SHLS) announced the launch of a new suite of system solutions at Intersolar Europe from June 19-21, 2024.
These solutions are designed for international developers and EPC contractors, featuring innovations like unobstructed rows, agri-solar, and North-South configurations.
The new products include SuperJumper, Trenched BLA, Mini BLA, and Smart Combiner. Additionally, Shoals is localizing production in Europe and Australia to meet delivery expectations in these markets.
Shoals Technologies Group (Nasdaq: SHLS) will hold its first-ever Investor Day on September 5, 2024, in Nashville, Tennessee. The event starts at 8:30 a.m. CT and features key presentations by CEO Brandon Moss, CFO Dominic Bardos, and other senior leaders. They will discuss the company's strategy, growth opportunities, and financial objectives. A Q&A session follows, wrapping up the webcast by noon CT. Attendees can tour the Portland, Tennessee manufacturing plant and enjoy a reception in Nashville later in the day. The event will be webcast live, with replays available on Shoals' Investor Relations website.
Shoals Technologies Group has announced a $150 million share repurchase program, approved by its Board of Directors, effective through December 31, 2025. The repurchases can occur in various formats, including open market and private transactions. Shoals will fund this initiative using cash on hand, free cash flow, and borrowings under its credit facilities. Additionally, the company has entered into a $25 million Accelerated Share Repurchase (ASR) agreement with Jefferies Under the ASR, Shoals will initially receive approximately 2.2 million shares at a closing price of $6.81 per share. The ASR will complete in Q3 2024, and the final number of repurchased shares will depend on the daily volume-weighted average price during the ASR term. CEO Brandon Moss and CFO Dominic Bardos emphasize that this program is part of Shoals' broader value creation strategy.
Shoals Technologies Group (Nasdaq: SHLS), a leader in electrical balance of system (EBOS) solutions for solar, battery storage, and EV charging, has announced participation in several upcoming investor events. These include:
- June 4, 2024: Mizuho Virtual Fireside Chat with CEO Brandon Moss and VP of Finance Matt Tractenberg.
- June 5, 2024: Oppenheimer Non-Deal Roadshow in Boston, MA.
- June 17, 2024: J.P. Morgan Energy, Power & Renewables Conference in New York, NY.
- June 26, 2024: ROTH London Conference in London, England.
Interested investors should contact the respective sales representatives for each event.
Shoals Technologies Group, a provider of EBOS solutions, appointed Gary Uren as SVPGM over International Business and Matt Tractenberg as VP of Finance and Investor Relations. Uren brings 35+ years of experience in manufacturing, while Tractenberg has 20+ years in Finance, Communications, and Investor Relations. Both appointments are aimed at driving international expansion and financial growth for Shoals Technologies Group.
Shoals Technologies Group, Inc. reported financial results for Q1 2024, with quarterly revenue of $90.8 million, gross margin of 40.2%, net income of $4.8 million, and adjusted EBITDA of $20.5 million. Backlog and awarded orders increased 17% year-over-year to $615.2 million. Despite revenue decreasing by 14% compared to Q1 2023, the company remains confident in long-term industry drivers. The company's outlook for Q2 and full year 2024 is cautiously optimistic, expecting revenue in the range of $85-$95 million for Q2 and $440-$490 million for the full year.
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