When was Shoals founded?

Shoals was founded in 1996 and raised its 1st funding round 21 years after it was founded.

Where is Shoals located?

Shoals is headquartered in Portland, United States. It is registered at Portland, Tennessee.

Who is the current CEO of Shoals?

Dean Solon of Shoals. They have also founded 1 company.

How many employees does Shoals have?

As of Aug 31, 2026, the latest employee count at Shoals is 435.

Is Shoals a funded company?

Shoals is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Jun 21, 2017.

When was the latest funding round of Shoals?

Shoals' latest funding was a $***** Series A round on Jun 21, 2017, with participation from 1 investor.

What is the annual revenue of Shoals?

Annual revenue of Shoals is between $100M and $500M as on Dec 31, 2025

Where does Shoals rank among its competitors?

Shoals ranks 1st amongst 42 active competitors, none of which are funded.

Who are the top competitors of Shoals?

Shoals' top competitors include SMK Electronics Corporation U.S.A, Sumati Electronics and Samptel Energy. Among them, Shoals secured the most recent funding round in June, 2017.

Shoals - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Shoals is a manufacturer of BoS solutions, with over 15 GW+ deployed globally. The company has a diverse line of products, including, combiner/re-combiner boxes, disconnects, harnesses, junction boxes, in-line fuses, and PV monitoring solutions. They claim to hold over 68 percent of the North American balance of systems market.

Website: shoals.com/en/
Social
Email ID: *****@shoals.com
Phone Number: +1 **********
Registered Address: Portland, Tennessee

Key Metrics

Founded Year

1996

Location

Portland, United States

Stage

Public

Latest Funding Round

Series A, Jun 21, 2017, $*****

Investors

HTIF & 2 more

Ranked

1^st among 42 active competitors

Annual Revenue

$100M - $500M as on Dec 31, 2025

Employee Count

435 as on Aug 31, 2026

Similar Companies

SMK Electronics Corporation U.S.A & 44 more

Exit Details

Public

View Shoals' full profile

Shoals is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SHOALS TECHNOLOGIES GROUP, INC. CIN: 1831651 , United States, Active	Nov 03, 2020	$100M - $500M (As on Dec 31, 2025)	-	-
Shoals Technologies Group, Llc CIN: 900346780 , United States, Active	Dec 26, 999	-	960 (As on Dec 31, 2024)	-

Shoals got listed on Jan 27, 2021.

Click here to take a look at Shoals's IPO in detail

Shoals has raised funding over 1 round. Its latest funding round was a Series A round on Jun 21, 2017 for $*****. 1 investor participated in its latest round. Shoals has 3 institutional investors.

Here is the list of recent funding rounds of Shoals:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 21, 2017	5095967	Series A	2558880	7582718	3376240	8678919

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View details of Shoals's funding rounds and investors

The founders of Shoals is Dean Solon.

Here are the details of Shoals' key team members:

Dean Solon: Founder & CEO of Shoals and founder of 1 other company.
Contact Info: 2 email addresses

View details of Shoals's Founder profiles and Board Members

Shoals' employee count trend

Shoals has 435 employees as of Aug 26. Here is Shoals's employee count trend over the years:

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Top competitors of Shoals include SMK Electronics Corporation U.S.A, Sumati Electronics and Samptel Energy. Here is the list of Top 10 competitors of Shoals, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Shoals 1996, Portland (United States), Public	Manufacturer of Balance of System Solutions	-	HTIF, Green Alpha Investments & 1 others	57/100
2nd	SMK Electronics Corporation U.S.A 1973, Chula Vista (United States), Unfunded	Manufacturer of electronic components, remote controls, touch panels, and custom products	-	-	44/100
3rd	Sumati Electronics 2020, Meerut (India), Unfunded	Manufacturer of photovoltaic ribbons, PV bus bars, and solar PV wires	-	-	40/100
4th	Samptel Energy 2014, Ahmedabad (India), Unfunded	Manufacturer of solar wiring solutions and provider of turnkey solar services	-	-	38/100
5th	GEESYS Technologies 2015, Chennai (India), Deadpooled	Manufacturer of solar combiner boxes and other wiring solutions	-	-	31/100
6th	SolarBOS 2004, Livermore (United States), Acquired	Manufacturer of combiner boxes and solar wiring systems	-	-	29/100
7th	Solar Raceway 2015, Rochester (United States), Unfunded	Innovative solar raceway wire management systems for efficient solar installations	-	-	23/100
8th	Zhejiang Forsol Energy Stock 2013, Jiaxing (China), Unfunded	Provider of solar wiring solutions	-	-	23/100
9th	QC Solar 2005, Suzhou (China), Unfunded	Manufacturer and distributor of solar power electronics & wiring systems	-	-	23/100
10th	Hexmat 1993, Osijek (Croatia), Unfunded	Distributor of electrical equipment, cables, lighting, and related installation materials	-	-	22/100