Shoals Technologies’ Net Income Surges by 159% in Q2 on Higher Product Demand

Revenue was recorded at $119.21 million, a 62.2% YoY increase

August 16, 2023

/ Markets & Policy, Other, Renewable Energy

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Shoals Technologies Group, a manufacturer of electrical balance of systems (EBOS) for solar, energy storage, and eMobility, recorded a net income of $18.92 million during the second quarter (Q2) of 2023, a year-over-year (YoY) increase of 159% compared to $7.3 million.

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Gautamee Hazarika

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Shoals Technologies’ Net Income Surges by 159% in Q2 on Higher Product Demand

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