Shoals Technologies Group Inc. is a leading provider of electrical balance of systems (BOS) solutions for solar and energy storage projects. The company was founded in 1996 by Dean Solon in Tennessee, USA. Originally, the company focused on providing photovoltaic (PV) mounting and tracking solutions for solar installations. Over the years, it expanded its offerings to include a comprehensive range of BOS products, becoming a key player in the renewable energy industry.
Shoals Technologies Group specializes in designing and manufacturing a wide range of BOS components, such as combiner boxes, junction boxes, disconnecting combiner boxes, and other electrical enclosures. These components play a crucial role in collecting, distributing, and protecting the electrical currents generated by solar panels or stored in energy storage systems. Shoals' products ensure the safe and efficient operation of solar and storage projects, optimizing their performance and reliability.
As a global leader in the solar BOS industry, Shoals Technologies has established a strong presence in various markets worldwide. The company's solutions are widely used in utility-scale solar projects, commercial and industrial installations, and residential applications. Their products have been deployed in numerous solar installations across different continents, contributing to the growth of renewable energy adoption.
Shoals Technologies Group Inc. went public on the NASDAQ stock exchange on February 4, 2021, under the ticker symbol "SHLS." The decision to go public was driven by the company's desire to raise capital and fuel its continued expansion in the renewable energy market. Going public also provided an opportunity for investors to participate in the growth potential of the company.
With its focus on innovation and high-quality products, Shoals Technologies continues to be at the forefront of the solar industry's evolution. As the demand for clean and sustainable energy solutions increases globally, the company is well-positioned to play a vital role in supporting the growth of solar and energy storage projects.