(Bloomberg) -- Solar-power components maker Shoals Technologies Group Inc. and a selling shareholder raised $1.9 billion in an upsized initial public offering, pricing the shares above a marketed range.The Portland, Tennessee-based company, along with an entity controlled by Oaktree Capital Management, sold 77 million shares for $25 each on Tuesday, according to a statement. Shoals had marketed 70 million shares for $22 to $23 apiece earlier.The company is the latest in a string of clean-tech companies going public through IPOs or mergers with special purpose acquisition companies, also known as SPACs or blank-check companies. While electric-vehicle companies including Nikola Corp. and Fisker Inc. have garnered the most attention, the deals have included solar companies, too.SunPower Corp. spun off manufacturer Maxeon Solar Technologies Ltd. in August. Another Oaktree-backed company, solar-tracking solutions provider Array Technologies Inc., raised $1.2 billion including so-called greenshoe shares in an IPO in October.Sunlight DealOn Monday, Sunlight Financial LLC, which provides loans to homeowners for rooftop solar panels, announced that it had agreed to go public through a merger with a blank-check company backed by Apollo Global Management Inc.Investors have clamored for green stocks and equities with an ESG bent since Joe Biden emerged as the front-runner for the White House last year, a trend that’s continued since his inauguration last week. Shares of Array and Maxeon, along with at least three other solar companies, have hit all-time highs this month.Shoals provides so-called balance of systems solutions for solar-power projects. These components include cable assemblies, inline fuses, combiners and junction boxes. The company said it sells its products principally to engineering, procurement and construction firms that build solar projects.Oaktree ControlUpon completion of the IPO, Oaktree and other investors will continue to control more than half of the voting power of the company’s shares.For the nine months ended Sept. 30, Shoals had net income of $19 million on revenue of $137 million on a pro forma basis, according to its filings.The offering is being led by Goldman Sachs Group Inc., JPMorgan Chase & Co., Guggenheim Securities and UBS Group AG. The shares are expected to begin trading Wednesday on the Nasdaq Global Market under the symbol SHLS.(Updates with statement in second paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.