Shoals Technologies Group, Inc. SHLS

Company Overview

Shoals Technologies Group, Inc. is a U.S.-based provider of electrical balance of system (EBOS) solutions primarily for the solar energy industry, with expanding exposure to energy storage and e-mobility infrastructure. The company designs, manufactures, and sells components that connect and protect solar panels and other energy assets to inverters and the electrical grid. Its offerings are positioned as highly engineered, plug‑and‑play systems intended to reduce installation labor, improve safety, and lower total system costs for customers.

The company’s primary revenue driver is the sale of EBOS components to utility-scale solar developers and engineering, procurement, and construction (EPC) firms, with a smaller but growing presence in commercial and industrial solar and storage projects. Shoals differentiates itself through proprietary designs, domestic manufacturing emphasis, and a solutions-based approach that shifts field labor to factory assembly. Founded in 1996, the business evolved from a regional electrical products supplier into a specialized solar infrastructure company, culminating in its public listing in 2021.