Shoals Reports Strong Q1 2026 Earnings with Revenue Growth and Increased Backlog
Shoals (SHLS) reported Q1 2026 earnings with revenue of $140.6 million, a 75% year-over-year increase, driven by strong demand in the U.S. utility-scale solar market. The company also saw a record backlog of $758 million and an adjusted EBITDA of $21.1 million, up 56% year-over-year, despite a slight decline in gross profit margin.
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