Shoals Technologies Reports Strong 2025 Growth Amid Supply Chain Challenges
Event summary
- Shoals Technologies reported Q4 2025 revenue of $148.3 million, up 39% YoY, driven by utility-scale solar demand.
- Full-year 2025 revenue reached $475.3 million, a 19% increase from 2024.
- Record backlog and awarded orders grew to $747.6 million, an 18% increase YoY.
- Adjusted EBITDA for Q4 2025 was $30.3 million, up from $26.4 million in Q4 2024.
- Company clarified that earlier statements about changes in customer order patterns and suspending quarterly guidance were errors.
The big picture
Shoals Technologies is capitalizing on the global energy transition, with strong demand for its utility-scale solar and battery storage solutions. However, the company faces challenges from supply chain disruptions and increased material costs, which could pressure margins. The strategic investments in portfolio expansion and process improvements position Shoals for long-term growth, but execution will be key in maintaining momentum.
What we're watching
- Supply Chain Dynamics
- How increased material costs and tariffs will impact gross margins in 2026.
- Market Expansion
- Whether Shoals can sustain growth in new domestic and international markets.
- Operational Efficiency
- The pace at which the company can optimize its new operations facility in Portland, Tennessee.
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