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 ...

Core Insights - Shoals Technologies Group (SHLS) reported quarterly earnings of $0.10 per share, exceeding the Zacks Consensus Estimate of $0.09 per share, but down from $0.14 per share a year ago, representing an earnings surprise of 11.11% [1] - The company posted revenues of $99.25 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 10.51%, but down from $119.21 million year-over-year [2] - Shoals Technologies shares have declined approximately 64.9% year-to-date, contrasting with the S&P 500's gain of 8.7% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.18 on revenues of $136.48 million, and for the current fiscal year, it is $0.53 on revenues of $461 million [7] - The estimate revisions trend for Shoals Technologies is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The solar industry, to which Shoals Technologies belongs, is currently ranked in the bottom 40% of over 250 Zacks industries, which may negatively impact stock performance [8] - Another company in the solar industry, Maxeon Solar Technologies, is expected to report a quarterly loss of $1.12 per share, reflecting a significant year-over-year decline [9]

– 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 ...

– 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 ...

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 ...

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 ...

According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading. Shares of Shoals Technologies Group (SHLS) have gained 0.8% over the past four weeks to close the last trading session at $6.63, but th ...

PORTLAND, Tenn., July 15, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (the "Company") (Nasdaq: SHLS) today announced that the Company will release its second quarter 2024 results after market close on Tuesday, August 6, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of the Company's website at https://investors.shoals.c ...

Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of the Company's website at https://investors.shoals.com. About Shoals Technologies Group, Inc. Contacts: Investor Relations: The conference call can be accessed live over the phone by dialing 1-877-407-0789 (domestic) or + 1-201-689- 8562 (international). A telephonic replay will be available approximately two hours after the call by dialing 1- 844-512-2921 or for intern ...

The new product launch will take place at Intersolar Europe, June 19-21 and will introduce the most comprehensive suite of solutions by Shoals to-date, specifically designed with global customers in mind. The rollout will include solutions that enable unobstructed rows, agri-solar, as well as North-South configurations in addition to existing East-West configuration solutions. In developing this new line of solutions, Shoals has listened to customers and market feedback, and recognized that the world of uti ...