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Shoals Technologies posts Q1 revenue up 75%, raises full-year outlook on strong solar market demand

Company Fundamentals
05 May 2026
GlobeNewsWire
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Bullish
pluang ai news

Shoals Technologies Group reported a 74.9% revenue increase to $140.6 million in Q1 2026, driven by strong demand in the solar market and a record backlog of $758 million. Despite a slight net loss of $0.3 million, adjusted EBITDA rose to $21.1 million, reflecting operational growth. The company raised its full-year revenue guidance to $600-$640 million and adjusted EBITDA to $118-$132 million, citing robust market conditions and expansion into battery storage. Shoals plans continued growth supported by its innovative products and new production facility.

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Basel Medical regains Nasdaq compliance after share price recovers above $1.00

Basel Medical regains Nasdaq compliance after share price recovers above $1.00

Basel Medical Group Ltd announced it has regained compliance with Nasdaq's minimum bid price rule after its share price stayed at or above $1.00 for 10 consecutive business days ending July 7, 2026. The company was previously notified in January 2026...

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1 hour ago
Global wax market to reach $16.65B by 2035 driven by packaging, cosmetics, and industrial demand.

Global wax market to reach $16.65B by 2035 driven by packaging, cosmetics, and industrial demand.

The global wax market, valued at $11.26 billion in 2025, is projected to grow to $16.65 billion by 2035 at a CAGR of 3.99%. Growth is fueled by rising demand in packaging, cosmetics, candle making, adhesives, and industrial uses, with natural waxes l...

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Bullish
1 hour ago
BingX launches Visa Debit Card to enable crypto spending worldwide via Visa network.

BingX launches Visa Debit Card to enable crypto spending worldwide via Visa network.

BingX, a major crypto exchange, introduced the BingX Visa Debit Card in partnership with Wirex, allowing users to spend digital assets globally through Visa's payment network. The card supports purchases, ATM withdrawals, and automatic currency conve...

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1 hour ago
Backpack launches first 24/7 market for real U.S. equities for global investors.

Backpack launches first 24/7 market for real U.S. equities for global investors.

Backpack has introduced the first-ever 24/7 trading platform for real U.S. equities, allowing international investors to buy and sell stocks like SpaceX, Micron, and SanDisk around the clock. Unlike synthetic derivatives, these are actual equities wi...

Market News
Bullish
1 hour ago
Proxy firms recommend Equinox Gold shareholders vote FOR merger with Orla Mining, boosting North American gold production.

Proxy firms recommend Equinox Gold shareholders vote FOR merger with Orla Mining, boosting North American gold production.

Independent proxy advisory firms, including ISS, recommend Equinox Gold shareholders vote in favor of the proposed merger with Orla Mining, which aims to create a leading North American gold producer. The combined company is expected to produce 1.1 m...

Company Fundamentals
Bullish
1 hour ago
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