Shoals Technologies Group, Inc. Class A Common Stock
SHLSShoals Technologies Group, Inc. Class A (SHLS) designs and manufactures electrical Balance of System (BOS) solutions for solar energy projects. The company provides power collection and interconnection products, including combiner boxes, disconnects, and monitoring systems, mainly serving the solar photovoltaic industry. Headquartered in Fort Lauderdale, Florida, Shoals focuses on delivering reliable and innovative electrical infrastructure to support solar energy deployment.
Company News
Shoals Technologies Group has appointed David Van Bibber as Chief Accounting Officer, bringing over 25 years of accounting and finance leadership experience from various manufacturing industries.
Shoals Technologies Group reported Q2 2025 revenue of $110.8 million, exceeding analyst estimates by 5.8%. Despite strong demand and record backlog, the company experienced margin pressures and increased legal expenses, leading to adjusted diluted EPS of $0.10.
Solar stocks rallied after Vice President Kamala Harris's strong performance in the presidential debate against former President Donald Trump, signaling potential stability for clean energy policies under a future administration.
RBC Capital analysts suggest that a Republican victory in the 2024 U.S. presidential election could create headwinds and increased volatility for solar stocks, but robust state-level support for renewable energy may mitigate the impact.
