8.72
-13.49%
Close of 9 Nov 2026, in USD
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About Shoals Technologies Group
From its filings with the US Securities and Exchange Commission
Shoals Technologies Group is based in Portland, Tennessee and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker SHLS. The SEC classifies its business as semiconductors & related devices. In the fiscal year to 31 December 2025, it reported revenue of $475.3m and net income of $33.6m. At that date it held total assets of $904.1m and shareholders' equity of $600.0m. By business, System solutions brought in 78.7% of revenue, followed by Components at 21.3%.
Shoals Technologies Group is a leading design-engineering company and manufacturer of advanced electrical infrastructure solutions for mission‑critical applications across solar photovoltaic (PV), BESS, and data center power systems. Our solutions also support original equipment manufacturers (“OEMs”). Since its founding in 1996, the Company has introduced innovative technologies and systems solutions that allow its customers to substantially increase installation efficiency and safety while improving system performance and reliability at scale.
We also provide technical support during installation and the transition to operations and maintenance. Given the custom nature of both our system solutions and individual components and the long development cycle for solar energy and BESS projects, we typically have 12 months or more of lead time to quote, engineer, produce and ship orders we receive, and we do not stock large amounts of finished goods. We believe our system solutions are unique in our industry because they integrate design and engineering support, proprietary components and innovative installation methods into a single offering. Since electrical infrastructure is the backbone of a solar or BESS project, we believe our products play a mission-critical role in the quality, safety, reliability, and efficiency of energy projects, which we believe are key factors customers consider when selecting EBOS solutions.
Quoted from its 10-K, filed 24 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Electrical Equipment
- Listed since
- 27 Jan 2021
- Employees
- 1,480
- Website
- shoals.com ↗
- Head office
- 1500 SHOALS WAY, PORTLAND, TN
- Incorporated in
- DE
- Classification
- Semiconductors & Related Devices
- Filer status
- Accelerated filer
Leadership
Pay as last reported
- Mr. Bradford ForthIndependent Chairman of the Board$370,006
- Mr. Jeffrey TolnarPresident$2.0m
- Mr. Brandon MossChief Executive Officer, Director, since 2023$8.1m
- Mr. Dominic BardosChief Financial Officer$3.0m
- Mr. David Van BibberChief Accounting Officer
- Mr. Ty DaulIndependent Director$255,003
- Mr. Robert JulianIndependent Director$280,003
- Ms. Jeannette MillsIndependent Director$255,003
- Ms. Niharika RamdevIndependent Director$160,388
- Ms. Lori SundbergIndependent Director$270,003
- Mr. Toni VolpeIndependent Director$255,003
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 52
- Environment
- 47
- Social
- 42
- Governance
- 68
- Direct emissions (scope 1)
- 766 t
- Energy emissions (scope 2)
- 2,356 t
- Women in the workforce
- 45%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Shoals Technologies Group Inc has several notable strengths that contribute to its success and competitive advantage in the market:
Weaknesses
- Despite its strengths, Shoals Technologies Group Inc also faces certain weaknesses that could pose challenges:
Opportunities
- Shoals Technologies Group Inc can leverage the following opportunities to drive growth and expansion:
Threats
- Shoals Technologies Group Inc should be cautious about the following threats that could impact its business:
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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