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. (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), 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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