Shoals Technologies Group appoints Aaron Zadeh as Country Manager for Pacific, enhancing its presence in renewable energy markets.
Quiver AI Summary
Shoals Technologies Group, Inc. has appointed Aaron Zadeh as the Country Manager for the Pacific region, overseeing the company’s operations in Australia, New Zealand, and the Pacific islands. This appointment reflects Shoals' commitment to advancing clean energy solutions in a rapidly growing solar market. Aaron brings over 20 years of experience in the energy sector, having held senior roles at firms like Array Technologies and ABB, where he led significant projects and initiatives. His background in solar and energy storage positions him to enhance Shoals’ impact in the region, aligning with Australia's renewable energy goals. The company aims to expand its footprint and support increasing demand for advanced solar infrastructure.
Potential Positives
- Aaron Zadeh's appointment as Country Manager for Australia, New Zealand, and the Pacific islands enhances Shoals' leadership in a key region for solar energy growth.
- The strategic hiring reflects Shoals' commitment to advancing clean energy solutions, aligning with Australia's ambitious renewable energy targets.
- With over two decades of experience, Zadeh's expertise in solar and energy storage positions Shoals to effectively scale operations and meet increasing demand in the Pacific market.
- The appointment underscores Shoals' focus on innovation and competitive positioning within the rapidly evolving renewable energy industry.
Potential Negatives
- The press release includes a prominent disclaimer regarding forward-looking statements, which may indicate uncertainty about the company's future performance and the potential risks involved in the expansion strategy.
- The reliance on external hires like Aaron Zadeh to lead in critical markets such as Australia may suggest potential weaknesses in internal talent or leadership development within the company.
- While the appointment is framed positively, it could raise concerns about the company's previous positions in these regions and whether they are reactive rather than proactive in expanding their market presence.
FAQ
Who has been appointed as the Country Manager for Shoals in the Pacific region?
Aaron Zadeh has been appointed as the Country Manager, Pacific for Shoals.
What is Aaron Zadeh's experience in the energy sector?
Aaron Zadeh has over 20 years of experience in solar and energy storage sectors across various global markets.
How does Shoals plan to impact the Australian solar market?
Shoals aims to expand its operations in Australia to support the country's renewable energy targets and infrastructure demand.
What qualifications does Aaron Zadeh hold?
Aaron Zadeh holds an engineering degree in Materials Science and Solar Power and a Master of Business Management from UNSW.
What is Shoals Technologies Group known for?
Shoals is known for providing electrical balance of systems (EBOS) solutions and supporting the energy transition market.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SHLS Insider Trading Activity
$SHLS insiders have traded $SHLS stock on the open market 7 times in the past 6 months. Of those trades, 1 have been purchases and 6 have been sales.
Here’s a breakdown of recent trading of $SHLS stock by insiders over the last 6 months:
- DOMINIC BARDOS (Chief Financial Officer) has made 1 purchase buying 35,000 shares for an estimated $98,000 and 1 sale selling 7,450 shares for an estimated $23,020.
- BRANDON MOSS (Chief Executive Officer) sold 21,700 shares for an estimated $66,619
- JEFFERY TOLNAR (President) has made 0 purchases and 2 sales selling 8,500 shares for an estimated $25,582.
- INEZ LUND (Chief Accounting Officer) has made 0 purchases and 2 sales selling 2,925 shares for an estimated $8,735.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SHLS Hedge Fund Activity
We have seen 114 institutional investors add shares of $SHLS stock to their portfolio, and 153 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ENCOMPASS CAPITAL ADVISORS LLC added 13,204,602 shares (+inf%) to their portfolio in Q2 2025, for an estimated $56,119,558
- BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. added 7,775,099 shares (+inf%) to their portfolio in Q2 2025, for an estimated $33,044,170
- POINT72 ASSET MANAGEMENT, L.P. removed 7,708,730 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $32,762,102
- WELLINGTON MANAGEMENT GROUP LLP removed 4,212,028 shares (-19.5%) from their portfolio in Q2 2025, for an estimated $17,901,119
- IMPAX ASSET MANAGEMENT GROUP PLC removed 3,469,360 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $11,518,275
- CENTERBOOK PARTNERS LP removed 3,110,375 shares (-82.7%) from their portfolio in Q2 2025, for an estimated $13,219,093
- PECONIC PARTNERS LLC added 3,095,186 shares (+79.8%) to their portfolio in Q2 2025, for an estimated $13,154,540
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$SHLS Analyst Ratings
Wall Street analysts have issued reports on $SHLS in the last several months. We have seen 6 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- Guggenheim issued a "Buy" rating on 08/06/2025
- UBS issued a "Buy" rating on 08/06/2025
- Mizuho issued a "Outperform" rating on 06/02/2025
- Exane BNP Paribas issued a "Underperform" rating on 05/15/2025
- Goldman Sachs issued a "Buy" rating on 05/07/2025
- Piper Sandler issued a "Overweight" rating on 02/26/2025
- RBC Capital issued a "Outperform" rating on 02/26/2025
To track analyst ratings and price targets for $SHLS, check out Quiver Quantitative's $SHLS forecast page.
$SHLS Price Targets
Multiple analysts have issued price targets for $SHLS recently. We have seen 11 analysts offer price targets for $SHLS in the last 6 months, with a median target of $7.0.
Here are some recent targets:
- Joseph Osha from Guggenheim set a target price of $8.0 on 08/06/2025
- Jon Windham from UBS set a target price of $7.0 on 08/06/2025
- Christine Cho from Barclays set a target price of $7.0 on 07/18/2025
- Julien Dumoulin-Smith from Jefferies set a target price of $7.2 on 07/07/2025
- Maheep Mandloi from Mizuho set a target price of $7.0 on 06/02/2025
- Moses Sutton from Exane BNP Paribas set a target price of $4.0 on 05/15/2025
- Brian Lee from Goldman Sachs set a target price of $6.0 on 05/07/2025
Full Release
PORTLAND, Tenn., Aug. 21, 2025 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (Shoals) (Nasdaq: SHLS), a global leader in electrical balance of system (EBOS) solutions for the energy transition market, announced today the appointment of Aaron Zadeh as Country Manager, Pacific responsible for Shoals business in Australia, New Zealand and the Pacific islands. This strategic appointment reinforces the company’s commitment to advancing clean energy solutions in one of the world’s most promising solar markets.
Aaron is a seasoned energy executive with over two decades of experience driving innovation, strategic growth, and large-scale project delivery across the solar and energy storage sectors. His leadership spans diverse and dynamic markets including Australia, Asia-Pacific, Europe, the UK, and the Middle East.
Prior to joining Shoals, Aaron held senior roles at industry leaders such as Array Technologies FIMER, ABB, and AGL. He was instrumental in pioneering initiatives like establishing local manufacturing for Array trackers and developing FIMER and ABB’s inverter and medium-voltage skid integration center. His deep technical and commercial expertise has contributed to the successful deployment of renewable energy projects globally.
“Australia is entering a transformative phase in its energy journey, and Aaron’s appointment reflects our confidence in the region’s potential,” said Gary Uren, Senior Vice President & General Manager of Shoals International Business. “Aaron’s deep expertise in solar and storage, combined with a proven ability to lead complex initiatives across global markets, makes him the ideal leader to scale our impact and deliver innovative solutions for our customers in the region.”
Aaron holds an engineering degree in Materials Science and Solar Power, and a Master of Business Management from the University of New South Wales (UNSW). With Aaron’s appointment, Shoals is poised to expand its footprint in Australia, supporting the country’s ambitious renewable energy targets and growing demand for advanced solar infrastructure.
About Shoals Technologies Group, Inc.
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 expansion of its international footprint and the expected benefits thereof. 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 those discussed under the caption “Risk Factors” included in the Company’s most recent Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and other documents filed with the Securities and Exchange Commission. 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.
For media inquiries, please contact:
Public Relations
Lindsey Williams, VP of Marketing and External Communications
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Investor Relations
Matt Tractenberg, VP of Finance and Investor Relations
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