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. 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 (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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