CORRECTED PRESS RELEASE: Shoals Technologies Group, Inc. Reports Financial Results for Fourth Quarter 2025
Shoals Technologies Group, Inc. - Class A (SHLS)
Company Research
Source: GlobeNewswire
Explanatory Note: The press release issued on the morning of February 24, 2026 included language regarding changes in customer order patterns and an intention to suspend quarterly guidance. This language was included in error. The Company hereby clarifies that it has not experienced recent changes in customer order patterns in any material respect. The Company also confirms that it is not suspending quarterly guidance, and intends to continue providing quarterly guidance consistent with its current practice. There are no other changes to the Company’s reported financial results. – Record Quarterly Revenue of $148.3 million – – Quarterly Operating Profit of $17.4 million – – Quarterly Net Income of $8.1 million – – Quarterly Adjusted EBITDA1 of $30.3 million – – Record Backlog and Awarded Orders of $747.6 million – – Provides First Quarter and Full Year 2026 Outlook – PORTLAND, Tenn., Feb. 24, 2026 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals” or the “Company”)
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News
- Shoals Technologies Group (SHLS) was downgraded by <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=SHLS&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> frMarketBeat
- Shoals Technologies Group (SHLS) had its price target lowered by Citigroup Inc. from $11.00 to $8.50. They now have a "neutral" rating on the stock.MarketBeat
- Shoals Technologies Group (SHLS) had its price target lowered by UBS Group AG from $12.00 to $11.00. They now have a "buy" rating on the stock.MarketBeat
- Shoals Technologies Group (SHLS) had its "buy" rating reaffirmed by Jefferies Financial Group Inc..MarketBeat
- Shoals Technologies Group (SHLS) had its price target lowered by Barclays PLC from $10.00 to $9.00. They now have an "overweight" rating on the stock.MarketBeat
SHLS
Earnings
- 2/24/26 - Miss
SHLS
Sec Filings
- 2/26/26 - Form S-8
- 2/24/26 - Form 8-K/A
- 2/24/26 - Form 10-K
- SHLS's page on the SEC website