Shoals Technologies Group, Inc. - Class A Common Stock (SHLS)
2.8200
-0.1900 (-6.31%)
Shoals Technologies Group is a leading provider of electrical balance of system (eBOS) solutions for the solar energy industry
The company specializes in designing and manufacturing innovative products that enhance the performance and efficiency of solar power systems. Their offerings include a range of equipment such as interconnection systems, wiring, and smart modules, which are essential for streamlining the deployment of solar projects. By focusing on quality, reliability, and sustainability, Shoals aims to make solar energy more accessible and effective, contributing to the growth of renewable energy adoption worldwide.
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Solar energy systems company Shoals (NASDAQSHLS) announced better-than-expected revenue in Q4 CY2024, but sales fell by 18% year on year to $107 million. On the other hand, next quarter’s revenue guidance of $75 million was less impressive, coming in 25% below analysts’ estimates. Its non-GAAP profit of $0.08 per share was 16.7% below analysts’ consensus estimates.
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Solar energy systems company Shoals (NASDAQSHLS) reported Q3 CY2024 results topping the market’s revenue expectations, but sales fell 23.9% year on year to $102.2 million. On top of that, next quarter’s revenue guidance ($102 million at the midpoint) was surprisingly good and 9% above what analysts were expecting. Its non-GAAP profit of $0.08 per share was 17.1% below analysts’ consensus estimates.
