Shoals Technologies’ Revenue Rises 49% YoY to $68 Million in Q1 2022

Battery storage equipment shipments contributed 73% to the overall Q1 revenue

May 18, 2022

/ Gourav Mishra
/ Finance and M&A, Other
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Manufacturer of the solar balance of system components, Shoals Technologies Group, recorded revenue of $68 million in the first quarter (Q1) of 2022, a year-over-year (YoY) increase of 49% from $45.6 million in the same period last year.

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Gourav Mishra

More articles from Gourav Mishra.
EarningsPhotovoltaicsquarterly resultsShoals TechnologiesSolar Systems
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