Shoals Technologies Group, Inc. Reports Financial Results for Third Quarter 2024
Shoals Technologies Group, Inc. - Class A (SHLS)
Company Research
Source: GlobeNewswire
– Secures Favorable Initial Ruling in ITC Case Against Voltage, LLC – – Quarterly Revenue of $102.2 million – – Gross Profit Percentage of 24.8% and Adjusted Gross Profit Percentage of 37.9% – – Net Loss of $0.3 million – – Adjusted EBITDA of $24.5 million – – Raises Midpoint of Full-Year Revenue Outlook – PORTLAND, Tenn., Nov. 12, 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 results for its third quarter ended September 30, 2024. “I’m pleased with the robust engagement we experienced in the third quarter. Customers remain cautious yet constructive as we head into the end of 2024 and look into 2025. Quoting volume across our customer base is at record levels, increasing almost 50% from the prior year period, and we are encouraged by strong interest from new customers,” said Brandon Moss, C
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News
- Shoals Technologies Group, Inc. (NASDAQ: SHLS) had its price target lowered by analysts at Guggenheim from $8.00 to $7.00. They now have a "buy" rating on the stock.MarketBeat
- Shoals Technologies Group, Inc. (NASDAQ: SHLS) had its price target lowered by analysts at Morgan Stanley from $8.00 to $7.00. They now have an "equal weight" rating on the stock.MarketBeat
- Shoals Technologies Group, Inc. (NASDAQ: SHLS) had its price target lowered by analysts at Barclays PLC from $7.00 to $5.00. They now have an "equal weight" rating on the stock.MarketBeat
- Shoals Technologies Group, Inc. (NASDAQ: SHLS) had its price target raised by analysts at TD Cowen from $9.50 to $11.00. They now have a "buy" rating on the stock.MarketBeat
- Shoals Technologies Group Inc (SHLS) Q3 2024 Earnings Call Highlights: Navigating Challenges ... [Yahoo! Finance]Yahoo! Finance
SHLS
Earnings
- 11/12/24 - In-Line
SHLS
Sec Filings
- 11/21/24 - Form 4
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- SHLS's page on the SEC website