Shoals Technologies Group, Inc. Opens New Tennessee Mega Facility to Support American Manufacturing and the Future of Energy Infrastructure

Shoals Technologies Group (NASDAQ: SHLS) announced the grand opening of a new 638,000-square-foot Mega Facility in Portland, Tennessee, backed by a $30 million investment and a total commitment of up to $80 million over five years.

Rhea-AI Summary

Shoals Technologies Group (NASDAQ: SHLS) announced the grand opening of a new 638,000-square-foot Mega Facility in Portland, Tennessee, backed by a $30 million investment and a total commitment of up to $80 million over five years.

The campus consolidates three Tennessee sites, expands U.S. manufacturing capacity, increases automation, and supports demand for solar, BESS, and data center infrastructure. The opening coincides with Shoals’ 30th anniversary and a $20,000 donation to Hands of Hope.

Positive

• $30 million initial investment with up to $80 million over five years
• New 638,000-square-foot Mega Facility consolidates three Tennessee locations
• Expanded U.S. manufacturing capacity for solar, BESS, and data center infrastructure
• Increased automation and operational efficiencies at centralized Portland campus
• Supports resilient, domestically produced electrical infrastructure for U.S. energy needs

Negative

• None.

Argus May 19 session

-3.93% close to close Open Argus

Details

News Market Reaction – SHLS

On May 19, the day this news came out, SHLS closed 3.93% below the previous close.

Data tracked by StockTitan Argus for the May 19 session.

Key Figures

Facility size: 638,000 square feet Initial investment: $30 million Total commitment: Up to $80 million +3 more

Facility size

638,000 square feet

New Mega Facility in Portland, Tennessee

Initial investment

$30 million

Backed new Mega Facility in Tennessee

Total commitment

Up to $80 million

Planned investment over five years for Mega Facility

Anniversary

30 years

Shoals’ 30th anniversary milestone

Community donation

$20,000

Donation to Hands of Hope for meals in Portland and Sumner County

Facility address number

1500

Street number for 1500 Shoals Way, new campus location

Historical Context

5 past events · Latest: May 05

5 events

1. May 05

   Q1 2026 earnings

   24h Move

   -1.7%

   Reported Q1 2026 with 74.9% revenue growth and raised full-year guidance.

2. Apr 21

   Investor events plan

   24h Move

   +11.1%

   Announced broad schedule of investor conferences and meetings through June 2026.

3. Apr 09

   Earnings date set

   24h Move

   +0.3%

   Set Q1 2026 earnings release date and conference call details for May 5.

4. Mar 30

   BESS webinar

   24h Move

   +5.3%

   Announced BESS-focused virtual webinar with Barclays highlighting products and strategy.

5. Feb 24

   Q4 2025 earnings

   24h Move

   +0.2%

   Reported record Q4 and FY 2025 revenue with strong backlog and 2026 guidance.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

battery energy storage systems, bess

2 terms

battery energy storage systems technical

"demand for solar, battery energy storage systems (BESS), and data center infrastructure"

Large, grid-connected rechargeable battery systems that store electricity for later use, like a giant household battery for cities or power plants. They matter to investors because they help balance supply and demand, enable more renewable energy, reduce outage risk, and create revenue through services such as selling stored power at peak times or participating in grid stability programs, while requiring upfront capital and having performance limits tied to lifespan and degradation.

bess technical

"demand for solar, battery energy storage systems (BESS), and data center infrastructure"

BESS stands for Battery Energy Storage System, a technology that stores electricity for later use. Think of it as a large rechargeable battery that can hold excess power generated during times of low demand and release it when usage is high, helping balance supply and demand. This is important for investors because it supports the stability of energy grids, enables the integration of renewable sources, and can create new opportunities for profitability in the energy market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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The milestone coincides with Shoals’ 30th anniversary and includes a donation to Hands of Hope

News Summary:

• Shoals Technologies Group, Inc. opened its new 638,000-square-foot Mega Facility in Portland, Tennessee, backed by a $30 million investment.
• The new campus expands domestic U.S. manufacturing capacity and strengthens the American supply chain to meet growing demand for solar, battery energy storage systems (BESS), and data center infrastructure.
• The milestone also commemorates Shoals’ 30th anniversary and included a $20,000 donation to Hands of Hope to support meals across Portland and Sumner County.
  

PORTLAND, Tenn., May 19, 2026 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals”) (NASDAQ: SHLS), a global leader in electrical infrastructure solutions for the energy transition market, announced the grand opening of its new Mega Facility in Portland, Tennessee, marking a major milestone in the company’s continued investment in American manufacturing and the future of energy infrastructure.

Backed by a $30 million investment with a total commitment of up to $80 million over five years, the facility strengthens Shoals’ ability to deliver safe, efficient and reliable power infrastructure solutions across solar power, battery energy storage systems (BESS), and mission-critical facilities, including data centers. This investment comes as the need for resilient, domestically produced electrical infrastructure continues to grow across the United States.

“As demand for energy infrastructure continues to accelerate, this new Mega Facility allows Shoals to scale alongside our customers and meet the needs of a rapidly evolving energy landscape,” said Brandon Moss, chief executive officer at Shoals Technologies Group, Inc. “By expanding our domestic manufacturing footprint and bringing increased capacity, we are strengthening the American energy supply chain and enabling faster, more efficient energy deployment.”

Located at 1500 Shoals Way, the new 638,000-square-foot, state-of-the-art manufacturing campus consolidates Shoals’ three existing Tennessee facilities into one centralized location, significantly expanding production capacity, increasing automation in production and packaging, and leveraging operational efficiencies to support increasing demand across the energy sector.

The opening of the Mega Facility also coincides with Shoals’ 30th anniversary, celebrating three decades of innovation. On May 18, Shoals marked both milestones with a ribbon-cutting ceremony for its new Mega Facility and a $20,000 donation to Hands of Hope, helping provide meals to residents in Portland and across Sumner County. The donation underscores Shoals’ ongoing commitment to supporting the community that has played an important role in the company’s success over the past 30 years.

“Shoals’ 30th anniversary is a moment to celebrate both our company’s success and the people and communities who have helped make it possible,” said Mr. Moss. “The opening of our new Mega Facility is an investment in the future of energy infrastructure and a commitment to the Portland community, creating jobs and supporting local families through our donation to Hands of Hope as we look ahead to our next chapter of growth.”

For more information, visit: www.shoals.com.

About Shoals Technologies Group, Inc.
Shoals Technologies Group is a leading manufacturer of advanced electrical infrastructure solutions for mission-critical applications across utility‑scale solar, battery storage, and data center power systems. Since its founding in 1996, the Company has designed innovative technologies and systems solutions that allow its customers to substantially increase installation efficiency and safety while improving system performance and reliability at scale. Shoals Technologies Group is a recognized leader in the energy transition industry. For additional information, please visit: https://www.shoals.com.

MEDIA CONTACTS
Lindsey Williams
Lindsey.williams@shoals.com

Kelly Nguyen
Knguyen@planitagency.com
609-385-6701

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/11d9500b-0f99-40f8-b6fe-645ec168a555
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FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Shoals Technologies Group (NASDAQ: SHLS) announce on May 19, 2026?

Shoals Technologies Group announced the grand opening of a new 638,000-square-foot Mega Facility in Portland, Tennessee. According to Shoals, this campus expands domestic manufacturing capacity for solar, battery energy storage systems, and data center electrical infrastructure across the United States.

How much is Shoals (SHLS) investing in its new Tennessee Mega Facility?

Shoals is backing the new Mega Facility with a $30 million investment and a total commitment of up to $80 million over five years. According to Shoals, this capital supports expanded capacity, automation, and operational efficiencies at the Portland, Tennessee campus.

Where is the Shoals (SHLS) Mega Facility located and how large is it?

The Shoals Mega Facility is located at 1500 Shoals Way in Portland, Tennessee, and spans 638,000 square feet. According to Shoals, the state-of-the-art campus consolidates three existing Tennessee facilities into one centralized manufacturing location.

How does the new Shoals (SHLS) Mega Facility impact U.S. energy infrastructure manufacturing?

The new Shoals Mega Facility increases domestic U.S. manufacturing capacity for solar, BESS, and mission-critical power infrastructure. According to Shoals, it strengthens the American energy supply chain by adding capacity, automation, and efficiencies to support growing national demand.

What community initiatives accompanied Shoals (SHLS) opening of the Tennessee Mega Facility?

Alongside the facility opening, Shoals marked its 30th anniversary with a ribbon-cutting and a $20,000 donation to Hands of Hope. According to Shoals, the contribution helps provide meals to residents in Portland and across Sumner County, Tennessee.

How does the Shoals (SHLS) Mega Facility change the company’s Tennessee operations?

The Mega Facility consolidates three existing Tennessee facilities into one centralized, state-of-the-art campus in Portland. According to Shoals, this consolidation significantly expands production capacity, increases automation in production and packaging, and leverages operational efficiencies to meet rising energy-sector demand.