Shoals Technologies Group and First Solar Continue Partnership
Shoals Technologies Group (SHLS) has announced the continuation of its partnership with First Solar (FSLR) to strengthen domestic solar manufacturing in Alabama. The collaboration focuses on supporting First Solar's expanding U.S. manufacturing footprint, including their new $1.1 billion Alabama facility that created over 800 direct manufacturing jobs.
Shoals will supply custom junction boxes manufactured in Alabama to support First Solar's additional 3.5 GW solar manufacturing facility. This partnership extends to First Solar's three operating facilities in Ohio and their planned $1.1 billion facility in Louisiana, solidifying First Solar's position as the largest solar manufacturer in the Western Hemisphere.
The partnership reinforces both companies' commitment to reshoring America's solar supply chain and creating domestic manufacturing jobs. Representatives Robert Aderholt and Dale Strong have expressed support for this initiative, highlighting its importance for Alabama's economic growth and the nation's energy technology sector.
Shoals Technologies Group (SHLS) ha annunciato la continuazione della sua partnership con First Solar (FSLR) per rafforzare la produzione solare nazionale in Alabama. La collaborazione si concentra sul supporto all'espansione della presenza produttiva di First Solar negli Stati Uniti, inclusa la loro nuova struttura da 1,1 miliardi di dollari in Alabama che ha creato oltre 800 posti di lavoro diretti nella produzione.
Shoals fornirà scatole di giunzione personalizzate prodotte in Alabama per supportare l'ulteriore impianto di produzione solare da 3,5 GW di First Solar. Questa partnership si estende ai tre impianti operativi di First Solar in Ohio e al loro impianto pianificato da 1,1 miliardi di dollari in Louisiana, consolidando la posizione di First Solar come il più grande produttore di energia solare nell'emisfero occidentale.
La partnership rafforza l'impegno di entrambe le aziende a riportare la catena di approvvigionamento solare americana e a creare posti di lavoro nella produzione nazionale. I rappresentanti Robert Aderholt e Dale Strong hanno espresso supporto per questa iniziativa, evidenziando la sua importanza per la crescita economica dell'Alabama e per il settore della tecnologia energetica della nazione.
Shoals Technologies Group (SHLS) ha anunciado la continuación de su asociación con First Solar (FSLR) para fortalecer la fabricación solar nacional en Alabama. La colaboración se centra en apoyar la expansión de la huella de fabricación de First Solar en EE. UU., incluida su nueva instalación de 1.1 mil millones de dólares en Alabama que ha creado más de 800 empleos directos en la fabricación.
Shoals suministrará cajas de conexión personalizadas fabricadas en Alabama para apoyar la instalación adicional de fabricación solar de 3.5 GW de First Solar. Esta asociación se extiende a las tres instalaciones operativas de First Solar en Ohio y su instalación planificada de 1.1 mil millones de dólares en Louisiana, consolidando la posición de First Solar como el mayor fabricante de energía solar en el hemisferio occidental.
La asociación refuerza el compromiso de ambas empresas de reubicar la cadena de suministro solar de América y crear empleos de fabricación nacionales. Los representantes Robert Aderholt y Dale Strong han expresado su apoyo a esta iniciativa, destacando su importancia para el crecimiento económico de Alabama y el sector de tecnología energética de la nación.
Shoals Technologies Group (SHLS)는 앨라배마에서 국내 태양광 제조를 강화하기 위해 First Solar (FSLR)와의 파트너십 지속을 발표했습니다. 이 협력은 First Solar의 미국 제조 기반 확대를 지원하는 데 중점을 두고 있으며, 앨라배마에 새로 건설된 11억 달러 규모의 시설은 800개 이상의 직접 제조 일자리를 창출했습니다.
Shoals는 First Solar의 추가 3.5 GW 태양광 제조 시설을 지원하기 위해 앨라배마에서 제조된 맞춤형 접합 상자를 공급할 예정입니다. 이 파트너십은 오하이오에 있는 First Solar의 세 개 운영 시설과 루이지애나에 계획된 11억 달러 규모의 시설로까지 확장되어, First Solar가 서반구에서 가장 큰 태양광 제조업체로 자리매김하게 됩니다.
이 파트너십은 미국의 태양광 공급망을 재구축하고 국내 제조 일자리를 창출하려는 두 회사의 의지를 강화합니다. 로버트 아더홀트 및 데일 스트롱 대표는 이 이니셔티브에 대한 지지를 표명하며, 앨라배마의 경제 성장과 국가의 에너지 기술 분야에 대한 중요성을 강조했습니다.
Shoals Technologies Group (SHLS) a annoncé la poursuite de son partenariat avec First Solar (FSLR) pour renforcer la fabrication solaire nationale en Alabama. La collaboration se concentre sur le soutien à l'expansion de la présence de First Solar aux États-Unis, y compris leur nouvelle installation de 1,1 milliard de dollars en Alabama qui a créé plus de 800 emplois directs dans la fabrication.
Shoals fournira des boîtes de jonction sur mesure fabriquées en Alabama pour soutenir l'installation de fabrication solaire supplémentaire de 3,5 GW de First Solar. Ce partenariat s'étend aux trois installations opérationnelles de First Solar dans l'Ohio et à leur installation prévue de 1,1 milliard de dollars en Louisiane, consolidant ainsi la position de First Solar en tant que plus grand fabricant de solaire dans l'hémisphère occidental.
Ce partenariat renforce l'engagement des deux entreprises à relocaliser la chaîne d'approvisionnement solaire américaine et à créer des emplois de fabrication nationaux. Les représentants Robert Aderholt et Dale Strong ont exprimé leur soutien à cette initiative, soulignant son importance pour la croissance économique de l'Alabama et le secteur des technologies énergétiques du pays.
Shoals Technologies Group (SHLS) hat die Fortsetzung seiner Partnerschaft mit First Solar (FSLR) angekündigt, um die nationale Solarproduktion in Alabama zu stärken. Die Zusammenarbeit konzentriert sich darauf, die wachsende Produktionsbasis von First Solar in den USA zu unterstützen, einschließlich ihrer neuen Anlage in Alabama im Wert von 1,1 Milliarden Dollar, die über 800 direkte Arbeitsplätze in der Produktion geschaffen hat.
Shoals wird maßgeschneiderte Anschlusskästen liefern, die in Alabama hergestellt werden, um die zusätzliche Solarproduktionsanlage von 3,5 GW von First Solar zu unterstützen. Diese Partnerschaft erstreckt sich auf die drei Betriebsstätten von First Solar in Ohio und die geplante 1,1 Milliarden Dollar teure Anlage in Louisiana, wodurch die Position von First Solar als größter Solarhersteller auf der westlichen Hemisphäre gefestigt wird.
Die Partnerschaft verstärkt das Engagement beider Unternehmen, die Solarversorgungskette Amerikas zurückzuholen und nationale Produktionsarbeitsplätze zu schaffen. Die Vertreter Robert Aderholt und Dale Strong haben ihre Unterstützung für diese Initiative zum Ausdruck gebracht und deren Bedeutung für das wirtschaftliche Wachstum Alabamas und den Energiesektor des Landes hervorgehoben.
- Partnership secures long-term business with First Solar, the largest solar manufacturer in Western Hemisphere
- Supports expansion into attractive market segments
- Strategic positioning in growing domestic solar manufacturing sector
- None.
Insights
The continued partnership between Shoals Technologies and First Solar represents a strategic reinforcement of Shoals' position in the domestic solar manufacturing ecosystem, though with disclosed financial impact. Shoals will continue manufacturing custom junction boxes in Alabama to support First Solar's expanding U.S. manufacturing footprint, which includes a recently inaugurated
This partnership aligns Shoals with the largest solar manufacturer in the Western Hemisphere, providing stable demand for their EBOS solutions amid the accelerating reshoring of solar supply chains. While the announcement lacks specific contract values or revenue projections for Shoals, the company benefits from association with First Solar's significant expansion, which includes over 800 direct manufacturing jobs at their Alabama facility alone and an additional 3.5 GW of solar manufacturing capacity.
The political endorsements from Representatives Aderholt and Strong signal supportive policy environments for domestic solar manufacturing, potentially creating favorable conditions for Shoals' ongoing operations in Alabama. This partnership represents continuity rather than new business, yet positions Shoals advantageously within the strengthening domestic solar supply chain, particularly as U.S. electricity demand growth accelerates.
Partnership Reinforces Commitment to U.S. Solar Manufacturing and American Jobs
PORTLAND, Tenn., March 26, 2025 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals”) (Nasdaq: SHLS), a global leader in electrical balance of systems (“EBOS”) solutions for the energy transition market, announced its continued commitment to investment in domestic manufacturing in Alabama with First Solar, Inc. (Nasdaq: FSLR). This partnership enables the two companies to support the continued reshoring of domestic supply chains for the U.S. solar industry.
“Our longstanding partnership with First Solar is something we are really proud of at Shoals,” Brandon Moss, CEO of Shoals stated. “We appreciate First Solar’s confidence in our commitment to quality products to support the re-shoring of the solar supply chain. With this ongoing commitment, we are poised to support the growth in domestic electricity demand.”
First Solar has demonstrated that the commitment to American solar manufacturing delivers economic benefits and middle-class jobs in communities in Alabama, as evidenced by their recent inauguration of a
"I want to congratulate Shoals Technologies on their partnership with First Solar, marking another important step in reshoring America’s solar supply chain,” Muscle Shoals, Alabama Representative, Robert Aderholt stated. “It’s great to see Alabama-made products, like the junction boxes being produced here, playing a key role in strengthening our domestic energy technology manufacturing sector. First Solar’s
The long-term growth alignment with First Solar enables Shoals to continue to invest in American jobs at its Alabama facility, while also supporting the expansion of attractive market segments.
“As America stands on the brink of major economic growth, it’s more important than ever to quickly roll out all kinds of homegrown power generation technology to fuel this progress,” Representative Dale Strong said. “I’m glad to see Shoals Technologies Group and First Solar teaming up to make sure Alabama-made technology is driving our energy future and contributing to our nation’s success."
About Shoals Technologies Group
Shoals Technologies Group is a leading provider of electrical balance of systems (“EBOS”) solutions for the energy transition market. Since its founding in 1996, the Company has introduced innovative technologies and systems solutions that allow its customers to substantially increase installation efficiency and safety while improving system performance and reliability. Shoals Technologies Group is a recognized leader in the renewable energy industry. For additional information, please visit: https://www.shoals.com.
Forward-looking Statements:
This press release contains certain forward-looking statements, that are based on the Company’s management’s beliefs and assumptions and on information currently available to the Company’s management.
These forward-looking statements relate to, among other things, the Company’s extended partnership with First Solar, and the expected benefits thereof; expected growth in domestic electricity demand; and the Company’s expansion into new market segments. Forward-looking statements include statements that are not historical facts and can be identified by terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” “would” or similar expressions and the negatives of those terms. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.
Some of the key factors that could cause actual results to differ from the Company’s expectations include, among other things: if demand for solar energy projects diminishes, we may not be able to grow, and our financial results, business and prospects could be materially adversely impacted; the interruption of the flow of raw materials from international vendors has disrupted our supply chain, including as a result of the imposition of additional duties, tariffs and other charges on imports and exports; the imposition of trade restrictions, import tariffs, anti-dumping and countervailing duties could adversely affect the amount or timing of our revenue, results of operations or cash flows; we have modified, and in the future may modify, our business strategy to abandon lines of business or implement new lines of business; modifying our business strategy could have an adverse effect on our business and financial results; amounts included in our backlog and awarded orders may not result in actual revenue or translate into profits; a loss of one or more of our significant customers, their inability to perform under their contracts, or their default in payment could harm our business and negatively impact revenue, results of operations, and cash flow; and our expansion outside the U.S. could subject us to additional business, financial, regulatory and competitive risks.
These and other important risk factors are described more fully in the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and other documents filed with the Securities and Exchange Commission and could cause actual results to vary from expectations. Given these uncertainties, you should not place undue reliance on forward-looking statements. Also, forward-looking statements represent the Company’s management’s beliefs and assumptions only as of the date of this report. You should read this report with the understanding that the Company’s actual future results may be materially different from what the Company expects. Except as required by law, the Company assumes no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Media Relations
Lindsey Williams, VP of Marketing and External Communications
Lindsey.williams@shoals.com
Investor Relations
Matt Tractenberg, VP of Finance and Investor Relations
investors@shoals.com
FAQ
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