Shoals Technologies Group Inc-A 2025年度报告

INVENTINGSIMPLE® 2025ANNUALREPORT&2026PROXYSTATEMENT InventingSimple.ReimaginingPower Infrastructure. We are engineers and advocates for solar, energy storage, and power infrastructure—curiousminds and collaborators who push boundaries and challenge convention. Together, we createnext-generation solutions that reshape how energy is built, connected, and delivered. We arethe rebellious hero. Our DistinctAdvantage CreatingQuality &Reliability InventingSimply &Efficiently EnablingElectrification& Innovation Engineered for performance thatlasts, our high-quality designsand components are built usingpremium materials and undergo100% in-house factory testing.We deliver consistent installationquality, lower risk, and thereliability required formission-critical environments. Optimized system layouts andprefabricated solutions simplifyinstallation, reduce on-site labor,and minimize required equip-ment. Our solutions supportfaster deployment and efficientpower distribution across solar,energy storage, and data centerinfrastructure. Our solutions improve systemperformance and scalabilityacross solar, storage, and datacenter applications. We usepatented technologies andadvanced in-house manufactur-ing to support efficient powerdelivery and future expansion. 93+ GWwith Shoals Solutions LETTER FROM OURCHIEF EXECUTIVE OFFICER March 20, 2026 Dear Fellow Shareholders, For three decades, Shoals Technologies Group has been known as the leader of innovationand reliability in utility-scale solar. We have earned the trust of our partners by engineeringand delivering electrical architectures that bring gigawatts of mission-critical power onlinewith speed, safety, and precision. Today, that same foundation positions us at the center ofa new era of infrastructure. As the U.S. accelerates investment in data centers, batterysystems, and AI compute campuses, Shoals is once again at the center of enablingtransformation, bridging grid, storage, and mission-critical power. Brandon Moss Chief Executive Officer The energy landscape is changing rapidly. Electrification, hyperscale computing, andstorage integration are reshaping grid architecture and creating opportunities for those whocan design and manufacture complex systems with agility. Shoals is uniquely positioned tomeet this challenge. Our expanded domestic manufacturing footprint in Tennessee andAlabama provides supply chain control and quality assurance, while our engineering teamscontinue to push boundaries in modularity and system optimization to enable deploymentspeed. This combination of innovation and operational discipline is a competitive advantagethat will serve us well as demand for mission-critical power infrastructure grows. 2025 was a year of disciplined execution. Despite industry volatility, we delivered strongfinancial performance, advanced our product roadmap, and strengthened customerrelationships. We reported record revenue and a historic backlog, reflecting confidence inour solutions and our ability to execute at scale. These results underscore the resilience ofour business model and the strategic choices we have made to diversify the business acrossgeographies, customers, and markets. Looking ahead, we see significant tailwinds in electricity demand and grid modernization.Our focus remains on creating long-term value through innovation, operational excellence,and strategic growth. We will continue to invest in technologies and capabilities thatposition Shoals as the partner of choice for customers navigating the complexities ofmodern electrical infrastructure. At the same time, we remain committed to governance,transparency, and the principles that have guided this company since its inception. As we enter 2026, we are proud to be celebrating not only our 30th anniversary of being aninnovator in the industry, but also our 5th anniversary of being a Nasdaq-listed, publiclytraded company. In celebration of both of these milestones, we sincerely thank you for yourtrust and support as we pursue this vision and build the energy future. Sincerely, LETTER FROM THECHAIR OF THE BOARD March 20, 2026 On behalf of the Board of Directors, I am pleased to invite you to attend the 2026Annual Meeting of Shareholders of Shoals Technologies Group, Inc. (“Shoals” or the“Company”), to be held on Thursday, April 30, 2026, at 10:00 a.m. Eastern Time. This year’smeeting will be conducted virtually via live audio webcast. As we convene this year, Shoals marks an important milestone — our 30th anniversary as acompany and our fifth year as a publicly traded company. Over three decades, Shoals hasgrown from an entrepreneurial venture into a critical infrastructure provider supporting theglobal energy transition. As a public company, we have strengthened our governancepractices, enhanced transparency and accountability, and maintained a disciplined focus onlong-term value creation for our shareholders. Brad Forth Chair, Board of Directors The Board remains commi