Shoals Technologies faces earnings test as data center push begins
Shoals Technologies Group Inc. reports first-quarter results before the market opens Tuesday, with investors scrutinizing whether the solar electrical systems supplier can demonstrate profitability improvements after disappointing on earnings in the prior quarter despite posting record revenue. Analysts expect the Portland, Tennessee-based company to report earnings of $0.06 per share on revenue of $128.3 million, representing a sharp sequential decline from fourth-quarter revenue of $148.3 million and earnings of $0.10 per share. However, the year-over-year comparisons paint a more optimistic picture, with revenue forecast to jump 60% and earnings more than doubling from the prior-year period.
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Shoals Technologies Group Inc. reports first-quarter results before the market opens Tuesday, with investors scrutinizing whether the solar electrical systems supplier can demonstrate profitability improvements after disappointing on earnings in the prior quarter despite posting record revenue. Analysts expect the Portland, Tennessee-based company to report earnings of $0.06 per share on revenue of $128.3 million, representing a sharp sequential decline from fourth-quarter revenue of $148.3 million and earnings of $0.10 per share. However, the year-over-year comparisons paint a more optimistic picture, with revenue forecast to jump 60% and earnings more than doubling from the prior-year period.
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