The Latest Breaking News from SHLS

According to Benzinga Pro, during Q1, Shoals Technologies (NASDAQ:SHLS) earned $4.65 million, a 316.03% increase from the preceding quarter. Shoals Technologies also posted a total of $67.98 million in sales, a 41.48% increase since Q4.

Truist Securities analyst Bronson Fleig upgraded Shoals Technologies Group Inc (NASDAQ:SHLS) to Buy from Hold and raised the price target to $25 (an upside of 33%) from $16. The analyst specified that the two-year tariff exemption on solar imports from countries providing critical U.S. supply provides much improved near-term visibility for the company's core solar…

Shoals Technologies (NASDAQ:SHLS) is set to give its latest quarterly earnings report on Monday, 2022-05-16. Here's what investors need to know before the announcement. Analysts estimate that Shoals Technologies will report an earnings per share (EPS) of $0.07.

Analysts have provided the following ratings for Shoals Technologies Gr (NASDAQ:SHLS) within the last quarter:

Piper Sandler analyst Kashy Harrison downgraded two electrical equipment companies, citing the U.S. Department of Commerce's decision to investigate antidumping and countervailing duty circumvention in certain Southeast Asian countries that will cause project delays.

Solar capacity installations have increased significantly amid growing climate concerns worldwide. And the federal government’s drive for clean energy deployments is propelling the solar industry’s growth in the United States. Because analysts believe solar power could account for nearly half of new U.S. electric generating capacity this year, Wall Street…

Benzinga Pro data, Shoals Technologies (NASDAQ:SHLS) reported Q4 sales of $48.05 million. Earnings fell to a loss of $2.15 million, resulting in a 140.79% decrease from last quarter.

The ban on Russian energy imports and consequent rise in oil and gas prices should increase investors’ focus on the solar industry. Furthermore, supportive federal policies and burgeoning demand for solar energy amid climate change concerns should drive the industry’s growth. Thus, Wall Street analysts expect hard-hit solar stocks Shoals…

The shares of home energy solutions provider Enphase Energy (ENPH) have been losing momentum since the start of the year owing to supply constraints, the Fed’s hawkish tilt, and other headwinds, including potential cuts to California’s solar incentive program. However, due to the increased demand for sustainable energy, Wall Street…