MFH55
3 years ago
Reports Record Revenue and Earnings for 2020 –
– Fourth Quarter Gross Margin Expands More Than 530 bps Year-Over-Year –
– Backlog at December 31, 2020 up 46% Versus Last Year –
– Provides 2021 Outlook for Continued Strong Growth –
PORTLAND, Tenn., March 15, 2021 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals” or the “Company”) (Nasdaq: SHLS), a leading provider of electrical balance of system (“EBOS”) solutions for solar, battery storage and electric vehicle charging infrastructure, today announced financial results for its fourth quarter and full year ended December 31, 2020.
“2020 was another record year for Shoals. We grew revenues 21%, expanded adjusted EBITDA margins more than 900 basis points, increased the percentage of our revenues from system solutions to 66% and successfully navigated the unique challenges created by the coronavirus pandemic. Our results reflect the tremendous efforts of our team members and the passion they have for our technology and its important role in the energy transition,” said Jason Whitaker, Chief Executive Officer of Shoals.
MFH55
4 years ago
Hey Kirby, still chillin’ here............Yea MFH, wasssssssup???? Got the earnings release date for ya. Ready? Yea dog, lay it on me............PORTLAND, Tenn., March 10, 2021 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (the “Company”) (Nasdaq: SHLS) today announced that the company will release its fourth quarter and full-year 2020 results after the market close on Monday, March 15th, 2021, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day.
Wow MFH, thanks for the info. No prob Kirby my Boy/Girl, just trying to keep everyone on this board in the loop.......Gonna be very interesting, 4th AND full year. ...Ya know they had like a $100,000,000 backlog of orders, hope they filled them..Yea MFH, that would be epic ! Yea, i think so too...And what new orders are on the near horizon????? Gotta be on that call too.... I will be MFH, i will be..... Item of note: Morgan Stanley just downgraded them, put a $32 price target out... I think they are just Short scumbags trying to load up a week before earnings....I mean really? Why not wait until after earnings unless their is a motive? Getting to be kinda like the KING scumbags Citadel... You watch, Stanley will load up and a few months upgrade to buy......Like Citadel did to NIO, but those scumbags only waited 3 weeks!!!! To re-upgrade....must be nice to get away with crap like that.......although i would have trouble sleeping at night......Tru dat MFH, Tru dat...
MFH55
4 years ago
Hey Kirby, one more question for you, as i feel we really got to know each other over the past month or so. I take my boat over to the “Beach Bar”, and the toilets have signs for “inboards” and “outboards”. I am not sure which one to use, and would feel silly to ask there, so i go back to my boat and pee into my cut up laundry detergent jug... If you were at that bar and needed to use the facilities, which one would you use and why? Thanks Kirby, just get back to me when you can...MFH55
MFH55
4 years ago
Hey Kirby, lookie there, up 12% today! Yup, thing o beauty MFH... passing $36 again. Yup, sure is.... Price targets from low $40s to $50+....Yup, fixin to see how this plays out MFH... I bet with some Biden talk we could see $50+ by summer.....Yup MFH, its in the cards....I hope im not tempted to take some early profits when it breaks $50 Kirby.....MFH, one day me and my grandpappy were over looking a sheep field. I said to Pappy, “Hey Pappy, lets run down there and shag one of those sheep!” Pappy looked at me sideways, slapped me in the head and said, “Boy lets walk down there and shag them ALL”......Thats how i go about investing MFH....Wise words there Kirb, wise words...Well, Gotta bust the crust n get dem beans planted MFH, have a good day. You too Kirby, You too...
MFH55
4 years ago
Well Kirby, that was quite a day today. Why yes MFH, that huge dip this morning really caught my attention. Did you happen to buy that huge dip? No Kirby, i got stuck at work until like 3am and got up a few hours after the open, it was on its way through the mid 30s by then. But gosh, i would have picked up few thousand more if i knew at like $33....OK MFH, nice talking to you, i’m feeling sleepy now. GN. GN Kirby.
MFH55
4 years ago
Hey Kirby, were gettin some press. :) Among top stocks in or near buy zones, hot IPO stock Shoals Technologies (SHLS) is trying to break out past a new buy point. Stocks In Or Near Buy Zones: Shoals:
Friday's IBD Stock Of The Day, Shoals Technologies, is attempting to break out past a 41.86 buy point in a narrow IPO base, according to IBD MarketSmith chart analysis. Shares briefly topped the buy point before reversing over 1% lower. Shares closed about 5% below the entry.
Shoals is an IBD IPO Leader. The firm provides an array of gear needed to operate solar energy systems, according to the Shoals IPO filing. Moreover, it provides the components needed to carry electric currents from solar panels to solar inverters and ultimately to the power grid...........WOOHOO, won’t be long now......I read: TOP STOCK, HOT IPO and IPO LEADER.......
MFH55
4 years ago
HELLO? Anybody home on this stock of the year??? $120,000,000 in backorders alone...Anyone? Did i mention it’s a Clear energy stock? Biden likes that stuff for like 4ish more years..Ok going for broke here...Kinda like.....TESLA TESLA TESLA.....AND,AND it’s ALREADY ON NASDAQ!!! You don’t have to read 246 twitter messages saying there going to NASDAQ, because they are already are!!... Hey Kitby if u get 2 more folks on this board and I do then we would have like 6 people...Then its to the moon, hamsters will fly rockets etc. The 2 of us understand this will be like $80 end of year......WTF......