Shoals Technologies narrows FY22 revenue view to $310M-$325M from $300M-$325M

Consensus $312.66M. Sees FY22 adjusted EBITDA $80M-$86M. "At the same time as we are taking share and introducing new products, conditions in our core solar market are improving. The two-year tariff exemption for Chinese solar panels, the recently passed Inflation Reduction Act and higher energy prices have given our customers and end-users the confidence to reinitiate previously delayed projects, make multi-year commitments to invest in solar generation and prioritize product availability and performance over price. As a result of the improving solar market conditions and our recent performance, we are raising the low end of our 2022 outlook. I am proud of what our team has achieved and could not be more excited about the future," concluded Whitaker.