Shoals Technologies Group names David Van Bibber as chief accounting officer

PORTLAND, Tenn. - Shoals Technologies Group, Inc. (SHLS), a provider of electrical balance of system solutions for the energy transition market with a market capitalization of $1.55 billion, has appointed David Van Bibber as Chief Accounting Officer, the company announced in a press release. InvestingPro analysis indicates the stock is currently trading below its Fair Value, having posted impressive gains of 111.56% over the past six months.

Van Bibber brings over 25 years of accounting and finance leadership experience from global, publicly traded manufacturing organizations. He previously served as Controller and Chief Accounting Officer at Haynes International, Inc., where he led the accounting function for the multinational public company.

"David's depth of experience and leadership approach will strengthen our finance organization and help us continue building scalable processes to support Shoals' growth," said Dominic Bardos, Chief Financial Officer at Shoals.

Van Bibber began his career in public accounting before holding finance roles across various manufacturing industries, including medical devices, wire, cable and connectivity, and metal alloys. He holds an undergraduate degree in Accounting and Finance from Indiana University and an MBA from the Kellogg School of Management at Northwestern University.

Shoals Technologies Group, founded in 1996, provides electrical balance of system solutions and components, including battery energy storage solutions and Original Equipment Manufacturer components for the energy transition market.

In other recent news, Shoals Technologies Group reported its third-quarter 2025 earnings, showing a revenue increase of 32.9% year-over-year to $135.8 million. Despite this strong revenue growth, the company missed earnings per share (EPS) expectations, posting an EPS of $0.07 compared to the forecasted $0.13, marking a 46.15% negative surprise. Additionally, Shoals Technologies reported an adjusted EBITDA of $32 million, which was 3% below consensus expectations. UBS responded to these developments by raising its price target for Shoals Technologies to $12.00 from $9.00, while maintaining a Buy rating on the stock. These recent developments indicate a mixed performance for Shoals Technologies, with strong revenue growth but challenges in meeting EPS and EBITDA expectations.

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