Shoals’ Q3/2022 Annual Revenues Grew YoY To $90.8 Million
As Friendly Regulatory Winds Blow In The US & Energy Prices Head North, Shoals Improves 2022 Annual Guidance
With an order book of backlog and awarded orders that grew 74% annually as of September 30, 2022, and 44% sequentially to $471.2 million, a healthy Q3/2022 with annual revenues going up 52% YoY to $90.8 million and a strong regulatory environment, US.
New Chief Financial Officer For Shoals Technologies
Dominic Bardos To Join US Balance Of Systems Provider Shoals Technologies As CFO
US based electrical balance of system (EBOS) solutions provider Shoals Technologies Group has announced Dominic Bardos as the company’s new chief financial officer (CFO) who is set to join the company with effect from October 3, 2022.
Shoals Technologies’ Q2/2022 Revenues Up 23% YoY
Strong Q2 For Shoals Technologies As Backlog & Awarded Orders Increase Annually
US based Shoals Technologies Group reported a healthy Q2/2022 having grown its annual revenues by 23% to $73.5 million, while backlog and awarded orders improved 63% to $327.2 million as order patterns ‘normalized’ with the White House’s 2-year.
Shoals Technologies Releases Q1/2022 Results
Revenues Up Annually For Shoals, But DOC Investigation Prompts Guidance Change
US based electricals balance of system (BOS) supplier for solar industry, Shoals Technologies Group improved its annual revenues by 49% and gross profit by 40% in Q1/2022, but citing anti-circumvention investigation has altered its annual guidance for 2022.
2021 Financial Results Of Shoals Technologies
Shoals Grew 2021 Revenues By 21% YoY; Opens New Manufacturing Fab As Founder Dean Solon Departs
US based balance of systems (BOS) supplier for solar industry, Shoals Technologies Group managed to grow its quarterly and annual revenues in Q4/2021 and 2021, and announced new manufacturing facility in Portland, however, did not mention the departu.
North America PV News Snippets
Blackstone To Invest $3 Billion In Invenergy Renewables… & More
Invenergy has secured Blackstone as an investor, SEIA says Massachusetts is increasing its solar target to 3.2 GW, a $29.3 million contract ups iSun’s commercial segment order backlog to $38.9 million, and Shoals enters a strategic agreement with Luminace.
Shoals Technologies Q3/2021 Financial Results
Fluid Delivery Schedules & Project Delays Hampering Shoals’ Business
US based electrical balance of system (BOS) system solutions provider Shoals Technologies Group, Inc. improved Q3/2021 revenues of $59.8 million by 14% YoY due to higher component and system solution sales.
Q2/2021 YoY Revenues For Shoals Technologies Go Up
Shoals Technologies Ticks All Boxes For Q2/2021 Performance; Achieves Over Revenue & Adjusted EBITDA Growth Annually; Sees Minimal Impact From Global Solar Supply Chain Pressures
Growth of its System Solutions business segment increased Shoals Technologies' revenues for Q2/2021 by over 38% to $59.7 million.
Shoals Reports $45.6Mn Q1/2021 Revenues
System Solutions Business Drives Shoals Technologies’ Q1/2021 Revenues As It Reports $-8.3 Million Net Loss; Backlog & Awarded Orders Grew 15% Sequentially
Ever since it launched its IPO in January 2021, Shoals says it has been doing pretty well adding more EPCs and developers to its client list and expanding its presence in Europe.
Shoals Technologies Grew Annual Revenues In 2020 By 21%
Solar Balance Of System Supplier Shoals Technologies Reports 2020 As ‘Record’ Year With 21.5% Growth In Net Revenues & 34.3% In Net Income
Shoals Technologies Group, a US based electrical balance of system (EBOS) solutions provider for the solar PV, battery storage and electric vehicle (EV) industries, has reported 21.5% increase in revenues for the year 2020.
