Shoals Technologies Group's stock surged 8.71% in pre-market trading on Tuesday, following the release of its first-quarter financial results and forward-looking guidance.
The significant pre-market gain appears to be driven by the company's better-than-expected Q1 2026 performance, with adjusted earnings per share and revenue exceeding analyst estimates. Furthermore, the company provided optimistic revenue and adjusted EBITDA guidance for the second quarter and the full year 2026, signaling strong future growth prospects to investors.
Specifically, Shoals Technologies reported Q1 adjusted EPS of $0.07, surpassing the estimate of $0.06, and revenue of $140.6 million, beating the $129 million estimate. The company forecasts Q2 2026 revenue between $150 million and $170 million and sees full-year 2026 revenue in the range of $600 million to $640 million.
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