Shoals Technologies Group

SHLS

Market cap $1.56B

The U.S. IPO market maintained its strong momentum in May with 12 offerings raising $13.1 billion in total proceeds, which was well above April's $8.2 billion in total proceeds but one short on deal count. The largest deal of the month was technology firm Cerebras Systems' $6.4 billion raise, making it the largest IPO since Medline Inc.'s $7.2 billion raise in December 2025 and the biggest tech IPO since Uber Technologies' $8.1 billion in May 2019. The healthcare sector saw three new issuers, led by GMR Solutions' $478.7 million offering.

SAN DIEGO--(BUSINESS WIRE)--The following statement is being issued by Robbins Geller Rudman & Dowd LLP and Motley Rice LLC regarding the Shoals Technologies Securities Litigation: UNITED STATES DISTRICT COURT MIDDLE DISTRICT OF TENNESSEE NASHVILLE DIVISION In re SHOALS TECHNOLOGIES GROUP, INC. SECURITIES LITIGATION Civil Action No. 3:24-cv-00334   Judge Waverly D. Crenshaw, Jr.   Magistrate Judge Barbara D. Holmes                 This Document Relates To: CLASS ACTION ALL ACTIONS   DEMAND.

News Summary: Shoals Technologies Group, Inc. opened its new 638,000-square-foot Mega Facility in Portland, Tennessee, bac ked 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.

Shoals Technologies posted strong Q1 revenue growth, driven by US utility-scale solar demand and AI data center power needs. SHLS raised full-year revenue guidance to $600m–$640m, reflecting optimism about sustained demand, especially from AI-related projects. Profitability remains pressured by tariffs, higher input costs, and substantial non-GAAP adjustments, with gross margin at 29.2% and notable inventory buildup.

From a technical perspective, Shoals Technologies Group (SHLS) is looking like an interesting pick, as it just reached a key level of support. SHLS recently overtook the 200-day moving average, and this suggests a long-term bullish trend.

Shoals Technologies Group, Inc. (SHLS) Q1 2026 Earnings Call Transcript

Shoals Technologies Group (SHLS) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.03 per share a year ago.

– Quarterly Revenue of $140.6 million – – Income from Operations of $7.7 million – – Net Loss of $0.3 million – – Adjusted EBITDA1 of $21.1 million   – – Record Backlog and Awarded Orders of $758.0 million – – Provides Second Quarter and Raises Full-year Outlook – PORTLAND, Tenn., May 05, 2026 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals” or the “Company”) (Nasdaq: SHLS), a global leader in electrical infrastructure solutions for the energy transition market, today announced results for its first quarter ended March 31, 2026.

PORTLAND, Tenn., April 21, 2026 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals” or the “Company”) (Nasdaq: SHLS), a global leader in electrical infrastructure solutions for the energy transition market, announced today its participation in the following upcoming investor events: May 7, 2026: JP Morgan Virtual Fireside Chat Shoals' CEO, Brandon Moss, and CFO, Dominic Bardos, will participate in a fireside chat with covering analyst Mark Strouse.

Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation. We would handle any matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.