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Stock impact report

Shoals Technologies Group Applauds President Biden’s Executive Action to Spur U.S. Solar Manufacturing

Shoals Technologies Group, Inc. - Class A (SHLS) 
Company Research Source: GlobeNewswire
PORTLAND, Tenn., June 07, 2022 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals” or “the Company”) (Nasdaq: SHLS), a leading provider of electrical balance of systems (EBOS) solutions for solar, storage, and electric vehicle (EV) charging infrastructure, today issued the following statement from Jason Whitaker, President & Chief Executive Officer, applauding President Biden’s Executive Action to spur U.S. solar manufacturing and decision to declare a 24-month tariff exemption for imported solar panels. “As the leading manufacturer of electrical balance of systems components (“EBOS”) in the United States for the solar industry, we applaud President Biden’s Executive Action invoking the Defense Production Act to spur domestic manufacturing, strengthen our power grids, and accelerate job creation while also granting a 24-month tariff exemption bridge. Our partners rely upon the steady flow of solar panels and components to address the Administration’s climate change goals Show less Read more
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