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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 ...
SHOALS ALERT: Bragar Eagel & Squire, P.C. is Investigating Shoals Technologies Group, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2024-07-28 01:00
NEW YORK, July 27, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Shoals Technologies Group, Inc. (NASDAQ: SHLS) on behalf of long-term stockholders following a class action complaint that was filed against Shoals on March 22, 2024 with a Class Period from May 17, 2022 to November 7, 2023. Our investigation concerns whether the board of directors of Shoals have breached their fiduciary duties to the company ...
Constellium's Muscle Shoals facility receives Department of Defense grant to increase casting capacity
GlobeNewswire News Room· 2024-07-23 11:00
Constellium Muscle Shoals is a major aluminium sheet supplier for the packaging and automotive markets. The plant has the capacity to produce over 1 billion pounds per year of finished aluminium coils. Muscle Shoals also operates a world-class recycling center able to recycle the equivalent of 20 billion aluminium cans per year. PARIS, July 23, 2024 (GLOBE NEWSWIRE) -- Constellium (NYSE: CSTM) announced today that its facility in Muscle Shoals, Alabama has been selected by the U.S. Department of Defense (Do ...