Shoals’ Revenue Dips 17% YoY in Q2 on Lower Demand and Installation Delays
The company said 56% of planned installations were seeing delays
August 8, 2024
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U.S.-headquartered Shoals Technologies Group, a manufacturer of Electrical Balance of Systems (EBOS) for clean energy, reported a revenue of $99.2 million in the second quarter (Q2) 2024, a 17% year-over-year (YoY) decrease from $119 million.
