24/7 Market News Snapshot 06 May, 2025 – Shoals Technologies Group, Inc. Class A Common Stock (NASDAQ:SHLS)

May 6, 2025

DENVER, Colo., 06 May, 2025 (www.247marketnews.com) – (Nasdaq:SHLS) are discussed in this article.
Shoals Technologies Group, Inc. (Nasdaq:SHLS) demonstrated significant bullish momentum in trading today, opening at $4.29 and climbing to $4.45, which marks an impressive increase of approximately 18.40%. This upward movement follows a previous closing price of $3.76, accompanied by a trading volume of 5.22 million shares, indicating heightened investor enthusiasm. This surge suggests that SHLS may be breaking through recent resistance levels, warranting close observation of its technical indicators, such as moving averages and the Relative Strength Index (RSI), for further insights into potential market trends.

Concurrently, Shoals has reported its first-quarter financial results for 2025, showcasing resilient performance amidst a fluctuating market. The company achieved revenues of $80.4 million, representing an 11.5% decline compared to the prior year but exceeding previous guidance, underscoring strong operational execution. Gross margins reached 35.0%, though the company incurred a modest net loss of $(0.3) million, impacted by pricing strategies and shifts in customer and product mix. Notably, Shoals posted an Adjusted EBITDA of $12.8 million, indicating a stable foundation for future growth.

Shoals’ backlog and awarded orders have also increased by nearly 5% year-over-year to $645.1 million, reflecting a growing demand for its advanced product solutions, particularly in international markets, which constitute over 13.4% of this total. CEO Brandon Moss expressed optimism regarding the company’s future trajectory, emphasizing its commitment to innovative, high-quality products tailored to meet the evolving needs of clients in the renewable energy sector. Looking forward, the company anticipates second-quarter revenues between $100 million and $110 million, with a full-year projection between $410 million and $450 million, as it continues to solidify its position as a leader in the energy transition market.

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