Battery maker Shoals's Q2 revenue rises more than expectated on strong demand

Shoals Technologies

05/08/2025 12:43

Overview

Shoals Q2 revenue rises 11.7% to $110.8 mln, beating analyst expectations

Adjusted EPS for Q2 beats estimates, reaching $0.10

Co reports record backlog and awarded orders of $671.3 mln

Shoals raises full-year 2025 revenue outlook, citing strong demand

Outlook

Shoals expects Q3 revenue between $125 mln and $135 mln

Company projects full-year 2025 revenue of $450 mln to $470 mln

Shoals forecasts Q3 adjusted EBITDA of $30 mln to $35 mln

Company anticipates full-year 2025 adjusted EBITDA of $100 mln to $115 mln

Result Drivers

STRONG DEMAND - Revenue growth driven by strong demand for products and increased project volumes

STRATEGIC INITIATIVES - Growth attributed to strategic initiatives in core domestic utility markets

BACKLOG INCREASE - Record backlog and awarded orders reflect consistent demand and international market growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$110.80 mln
$104.60 mln (16 Analysts)
Q2 Adjusted EPS
Beat
$0.1
$0.08 (16 Analysts)
Q2 Adjusted Net Income
$16.90 mln
Q2 Adjusted EBITDA
$24.50 mln
Q2 Gross Margin
37.2%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the electrical components & equipment peer group is "buy"

Wall Street's median 12-month price target for Shoals Technologies Group Inc is $7.00, about 23.1% above its August 4 closing price of $5.38

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nGNX3P3ZVj

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)