Shoals Technologies Swings to $118 Million Profit in Q4 2022

The profit resulted from the termination of a trust and retention agreement

March 1, 2023

/ Gautamee Hazarika
/ Finance and M&A, Solar
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Manufacturer of electrical balance of systems (EBOS) for solar, energy storage, and eMobility Shoals Technologies Group recorded a net profit of $118.3 million in the fourth quarter (Q4) of 2022, a massive recovery from a loss of $2.15 million during the corresponding period in 2021.

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Gautamee Hazarika

More articles from Gautamee Hazarika.
Clean energyEarningsEBITDAEBOSquarterly resultsRenewable EnergyShoalsSolar
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