Shoals Technologies Group Inc
SHLS
ISIN US82489W1071 / Valor 59166860
Shoals Technologies Group Inc
UMushroom community rating:
About company
Shoals Technologies Group Inc is a leading provider of electrical balance of systems (EBOS) for solar, energy storage, and eMobility. The company offers industry-leading products that efficiently harness solar energy, store it, and power electric vehicles. Shoals' patented Interconnect System® and home run harnesses streamline the installation process of solar panels by reducing the specialized labor required. Their products are ideal for any PV project, making the integration of solar panels easy and efficient.
Summarized from source with an LLMView SourceSector: EnergyLatest Results (07.08.2024):
Quarterly Revenue
Shoals Technologies Group Inc. reported a revenue of $99.2 million for the second quarter of 2024. This represents a 17% decrease compared to the $119.2 million reported in the same period of the previous year. The decline was primarily due to lower sales volumes resulting from project delays.
Gross Margin
The gross margin for Shoals Technologies Group Inc. in the second quarter of 2024 was 40.3%. This is a slight decrease from the 42.4% gross margin reported in the second quarter of 2023. The reduction was mainly attributed to higher labor costs and reduced leverage on fixed costs.
Net Income
Shoals Technologies Group Inc. reported a net income of $11.8 million for the second quarter of 2024. This is a decrease from the $18.9 million net income reported in the same quarter of the previous year. The decline in net income was influenced by increased general and administrative expenses.
Adjusted EBITDA
For the second quarter of 2024, Shoals Technologies Group Inc. reported an adjusted EBITDA of $27.7 million. This is a decrease from the $48.2 million reported in the second quarter of 2023. The reduction in adjusted EBITDA was due to lower revenue and higher operating expenses.
Backlog and Awarded Orders
Shoals Technologies Group Inc. saw an 18% year-over-year increase in backlog and awarded orders, reaching $642.3 million as of June 30, 2024. This growth reflects traction with new customers and robust demand in international markets, which now comprise more than 12% of the backlog and awarded orders.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1750 M
Market cap (USD)
786,670
Daily traded volume (Shares)
5.44 / 5.22
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
Tej Ram Kumpakha
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