Shoals Technologies Group, Inc.

Shoals Technologies Group, Inc. is a design-engineering company and manufacturer of advanced electrical infrastructure solutions. The company focuses on mission-critical applications for solar photovoltaic (PV), BESS (Battery Energy Storage Systems), and data center power systems, also supporting original equipment manufacturers (OEMs). Founded in 1996, Shoals provides technologies and systems that enhance installation efficiency and safety, while improving system performance and reliability. In the solar industry, Shoals' electrical infrastructure is known as electrical balance of systems (EBOS). EBOS includes all components needed to transport electric current from solar panels or BESS solutions to an inverter and then to the power grid. Shoals offers "system solutions," which are complete EBOS solutions using its manufactured products, often involving the design and specification of an entire EBOS system. The company collaborates with customers to design, specify, and engineer customized EBOS solutions for their projects, aiming to maximize reliability and energy production while minimizing cost and accelerating installation. Shoals also provides technical support during installation and the transition to operations and maintenance. Due to the custom nature of its solutions and the long development cycle for solar energy and BESS projects, Shoals typically has 12 months or more of lead time for quoting, engineering, producing, and shipping orders, and does not maintain large stocks of finished goods. Shoals believes its system solutions are unique because they integrate design and engineering support, proprietary components, and innovative installation methods into a single offering. Shares of Shoals' Class A common stock trade on the Nasdaq Global Market under the symbol "SHLS".