Shoals Technologies jumps after raising FY revenue forecast

Shoals Technologies

05/05/2026 13:38

** Shares of Shoals Technologies SHLS.O climb 17.8% to $9.74 premarket

** The electrical infrastructure maker raises full year revenue guidance to $600 million-$640 million from prior range of $560 million-$600 million

** Reports Q1 revenue of $140.6 million; analysts on average expected $129.05 million, according to data compiled by LSEG

** Q1 adjusted EPS of 7 cents also tops estimates of 6 cents

** However, SHLS flags Q1 gross margin decline due to increased tariffs from a year ago, higher material costs, and additional right-of-use asset amortization from its new facility

** Of 19 analysts covering the stock, 13 rate it "buy" or higher and six have a "hold" rating; median price target is $9

** As of last close, stock down 2.7% YTD

 (Reporting by Shashwat Chauhan in Bengaluru)

 ((Shashwat.Chauhan@thomsonreuters.com))