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Stock impact report

Shoals Technologies Group, Inc. Reports Financial Results for Third Quarter 2021 [MarketWatch]

Shoals Technologies Group, Inc. - Class A (SHLS) 
Company Research Source: MarketWatch
- System Solutions Revenue Increased 5% Year-Over-Year to $38.6 million - - Gross Margin of 36.4% Reflecting Higher Mix of Components sales and Acquisition Impacts - - Backlog and Awarded Orders Up 101% Year-Over-Year to a Record $270.7 million - - Acquires ConnectPV, a Leading Provider of EBOS Products for Battery Storage - - Provides Fourth Quarter and First Quarter 2022 Outlook - PORTLAND, Tenn., Nov. 09, 2021 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. ("Shoals" or the "Company") (Nasdaq: SHLS), a leading provider of electrical balance of system ("EBOS") solutions for solar, battery storage and electric vehicle charging infrastructure, today announced results for its third quarter ended September 30, 2021. "We are continuing to grow faster than the market as Shoals' System Solutions take share from conventional solar EBOS. Third quarter revenues increased 14% year over year and we ended the quarter with the highest level of backlog and awarded orders in the co Show less Read more
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