Core Viewpoint - Shoals Technologies Group, Inc. is currently facing significant challenges that have impacted its growth potential, but there are signs of improvement in the solar industry that could benefit the company in the long term [2][15]. Operational and Supply Chain Disruptions - The company has experienced a substantial decline in revenue in the first half of 2024, with 56% of planned installations facing delays of at least 6 months, resulting in a $40 million revenue push to the next year [3][12]. - Key factors contributing to project delays include permitting issues, growth in grid interconnection queues, supply chain disruptions, labor shortages, and elevated interest rates [3][5]. - Approximately 116 bans or impediments on utility-scale solar projects have been identified, with many implemented in the last year, complicating the permitting process [3][12]. - Recent regulatory changes, such as the Bureau of Land Management's new policy framework and New York's Office of Renewable Energy Siting, aim to streamline the permitting process, potentially improving project approvals by 2025 [3][7]. - The interconnection queue capacity reached 2.2 TW, with 94% representing renewables, indicating a need for major reforms to address delays [5][6]. - The U.S. Department of Energy has set a roadmap to reduce interconnection timelines to 12 months by 2030, which could positively impact the industry in the long run [6][7]. - The company is also focusing on international expansion, targeting high-growth markets such as Latin America, Australia, and Southern Europe, with an addressable market opportunity of 63 gigawatts [8][10]. Legal and Regulatory Challenges - Shoals is dealing with warranty remediation related to defective wire insulation, with potential liabilities ranging from $59.7 million to $184.9 million, impacting profitability [12][13]. - A shareholder lawsuit has arisen due to miscommunication regarding warranty liabilities, while the company is seeking compensation from its supplier, Prysmian Cables [13][14]. - Ongoing patent litigation has seen a favorable preliminary ruling for the company, suggesting that while legal challenges may dampen sentiment in the short term, they are unlikely to hinder long-term growth [14][15].

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 ...

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 ...

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 ...