US solar product manufacturer Shoals Technologies Group saw record revenue and gross profit in the second quarter of 2022 due to strong demand for its combine-as-you-go system and a large number of new customers buying up components.
Shoals Technologies has become the latest solar manufacturer to adjust its guidance for the year, blaming an “increasingly challenging environment” caused by the US AD/CVD investigation.
Shoals Technologies is set to double its electrical balance of systems (BOS) manufacturing capacity with a new US facility as its backlog and awarded orders reach a record high.
Solar balance of system (BOS) solutions provider Shoals Technologies has formed a partnership with commercial and industrial PV project developer Luminace to pursue distributed renewables and electric vehicle (EV) charging solutions across the US.
Solar balance of system (BOS) solutions provider Shoals Technologies saw its Q3 revenues increase 14% year-over-year, but said this rise was less than expected as some customers changed product specifications or delayed shipments due to supply chain issues.
Solar balance of systems (BOS) provider Shoals Technologies has benefited from “robust demand” for its products in the US, as the company completed its first quarter as a public company.
Solar PV tracking equipment provider Soltec announced that it is supplying 28MW of its SF Utility horizontal single-axis tracker to a PV project being constructed in the municipality of Estill, South Carolina.
