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Shoals Technologies Group Priced, Nasdaq: SHLS

Leading US provider of electrical balance-of-system products for solar projects.

Industry: Industrials

Latest Trade: $27.93 -0.42 (-1.5%)

First Day Return: +23.9%

Return from IPO: +13.4%

Industry: Industrials

We are a leading provider of electrical balance of system or “EBOS” solutions for solar energy projects in the United States. EBOS encompasses all of the components that are necessary to carry the electric current produced by solar panels to an inverter and ultimately to the power grid. EBOS components are mission-critical products that have a high consequence of failure, including lost revenue, equipment damage, fire damage, and even serious injury or death. As a result, we believe customers prioritize reliability and safety over price when selecting EBOS solutions. EBOS components that we produce include cable assemblies, inline fuses, combiners, disconnects, recombiners, wireless monitoring systems, junction boxes, transition enclosures and splice boxes. We derive the majority of our revenues from selling “system solutions” which are complete EBOS systems that include several of our products, many of which are customized for the customer’s project. We believe our system solutions are unique in our industry because they integrate design and engineering support, proprietary components and innovative installation methods into a single offering that would otherwise be challenging for a customer to obtain from a single provider or at all.
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IPO News for Shoals Technologies Group
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IPO Data
IPO File Date 12/30/2020
Offer Price $25.00
Price Range $22.00 - $23.00
Offer Shares (mm) 77.0
Deal Size ($mm) $1,925
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 01/26/2021
Offer Price $25.00
Price Range $22.00 - $23.00
Offer Shares (mm) 77.0
Deal Size ($mm) $1,925
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Portland, TN
Founded 1996
Employees 691
Website www.shoals.com