Shoals Technologies (SHLS)

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Shoals Technologies Stock: Why I'm Staying Bullish Despite The Recent Setbacks
Seeking Alpha· 2024-09-04 15:34
ollo Shoals Technologies Overview Investing in stocks is fascinating for many reasons, one of them being how Mr. Market often humbles investors. When I published a bullish stance on Shoals Technologies Group, Inc. (NASDAQ:SHLS) last November, I was convinced Shoals was well-positioned to grow in the long term and that its valuation was too attractive to ignore on the back of a 35% decline in stock price since the beginning of 2023. Mr. Market has certainly humbled me since then, with SHLS stock losing almos ...
Shoals Technologies Group Secures Favorable Initial Ruling in ITC Case Against Voltage, LLC
GlobeNewswire News Room· 2024-09-03 10:50
PORTLAND, Tenn., Sept. 03, 2024 (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 that it received a favorable legal ruling from the U.S. International Trade Commission ("ITC") in its patent infringement complaint against Voltage, LLC and related foreign entity ("Voltage"). On August 30, 2024, an Administrative Law Judge at the ITC issued an initial ruling finding ...
Should Value Investors Buy Shoals Technologies Group (SHLS) Stock?
ZACKS· 2024-08-09 14:46
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they be ...
Here's Why Shoals Technologies (SHLS) is Poised for a Turnaround After Losing -11.86% in 4 Weeks
ZACKS· 2024-08-07 14:36
Shoals Technologies Group (SHLS) has been beaten down lately with too much selling pressure. While the stock has lost 11.9% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier. Here is How to Spot Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum o ...
Shoals Technologies (SHLS) - 2024 Q2 - Earnings Call Transcript
2024-08-07 02:37
Shoals Technologies Group, Inc. (NASDAQ:SHLS) Q2 2024 Earnings Conference Call August 6, 2024 5:00 PM ET Company Participants Matthew Tractenberg - VP of Finance and IR Brandon Moss - CEO Dominic Bardos - CFO Conference Call Participants Brian Lee - Goldman Sachs Mark Strouse - JPMorgan Chase and Co. Mo Chen - Truist Jon Windham - UBS Colin Rusch - Oppenheimer Philip Shen - ROTH Capital Partners Maheep Mandloi - Mizuho Securities Kashy Harrison - Piper Sandler Donovan Schafer - Northland Capital Markets Ope ...
Shoals Technologies Group (SHLS) Beats Q2 Earnings and Revenue Estimates
ZACKS· 2024-08-06 23:05
Shoals Technologies Group (SHLS) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 11.11%. A quarter ago, it was expected that this solar energy equipment supplier would post earnings of $0.06 per share when it actually produced earnings of $0.07, delivering a surprise of 16.67%. Over ...
Shoals Technologies (SHLS) - 2024 Q2 - Quarterly Report
2024-08-06 20:46
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, $0.00001 Par Value SHLS Nasdaq Global Market FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ...
Shoals Technologies Group, Inc. Reports Financial Results for Second Quarter 2024
Newsfilter· 2024-08-06 20:15
– Quarterly Revenue of $99.2 million – – Gross Margin of 40.3% – – Net Income of $11.8 million – – Adjusted EBITDA of $27.7 million – – Backlog and Awarded Orders Increased 18% Year-Over-Year to $642.3 million – – Provides Third Quarter and Full Year 2024 Outlook – PORTLAND, Tenn., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. ("Shoals" or the "Company") (Nasdaq: SHLS), a leading provider of electrical balance of system ("EBOS") solutions for the energy transition market, today announced ...
Shoals Technologies Group, Inc. Reports Financial Results for Second Quarter 2024
GlobeNewswire News Room· 2024-08-06 20:15
– Quarterly Revenue of $99.2 million – – Gross Margin of 40.3% – – Net Income of $11.8 million – – Adjusted EBITDA of $27.7 million – – Backlog and Awarded Orders Increased 18% Year-Over-Year to $642.3 million – – Provides Third Quarter and Full Year 2024 Outlook – PORTLAND, Tenn., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. ("Shoals" or the "Company") (Nasdaq: SHLS), a leading provider of electrical balance of system ("EBOS") solutions for the energy transition market, today announced ...
Shoals Technologies: Attractive Long-Term Growth Potential Despite Temporary Headwinds
Seeking Alpha· 2024-07-29 03:16
E E The First I I I E B t 1 E I E E STER i I H E t t I I 5 110 i E H The best thing that happens to us is when a great company gets into temporary trouble… We want to buy them when they're on the operating table. - Warren Buffett We love growth companies, but not the price the market usually demands for their shares. One option we have found useful, and which has very significantly boosted Berkshire Hathaway's (BRK.A)(BRK.B) performance, is to buy growing companies when they are experiencing temporary setba ...