Shoals Technologies Group, Inc. Class A Common Stock (SHLS)
Shoals 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
Law firm investigating Shoals Technologies Group for potential securities fraud related to wire harness defects in solar field installations, which led to significant warranty charges and stock price decline.
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.
