Shoals secures $96 million verdict in patent infringement lawsuit
The jury found willful infringement, prompting a preliminary injunction against Voltage’s LYNX product and affirming the company’s intellectual property portfolio.
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Power infrastructure equipment manufacturer
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In short: Shoals opened its new Tennessee Mega Facility and reported a record $801 million solar order backlog as revenues grew significantly.
The jury found willful infringement, prompting a preliminary injunction against Voltage’s LYNX product and affirming the company’s intellectual property portfolio.
Revenue rose 47% to $163.4 million, with net income of $12.1 million and record backlog of $801.4 million.
The ITC affirmed that Voltage violated Section 337 by importing infringing products, issuing a limited exclusion order.
The 638,000-square-foot plant, backed by a $30 million investment, expands domestic manufacturing for solar, BESS, and data centers, and includes a $20,000 charity donation.
Shoals Technologies announced on Wednesday that it has obtained a favorable outcome in its patent infringement lawsuit against Voltage and Ningbo Voltage Smart...
A press release from Shoals Technologies Group, along with Tennessee Gov. Bill Lee and Department of Economic and Community Development Commissioner Stuart C.
For Shoals Technologies Group, the share price is down sharply even as analyst targets and some fair value estimates sit higher. Is that discount a...
Bardos reported adjusted EBITDA of "$31.6 million," adjusted net income of "$19.7 million," and "adjusted diluted earnings per share of $0.12." He said Shoals "generated...
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