The Latest Breaking News from Shoals Technologies

A Relative Strength Rating upgrade for Shoals Technologies shows improving technical performance.

Solar stock Shoals Technologies shows bullish action as it breaks a trendline. Earnings are expected to grow over 50% this year and next.

Dow Jones futures were higher ahead of Wednesday's Fed minutes. Tesla dived Monday, hitting a 52-week low and nearing a two-year low.

The Dow Jones Industrial Average rose Monday, as Disney stock surged almost 10% after the company announced Bob Iger will return as CEO.

SHLS stock is near a buy point as the provider of solar equipment is riding a big wave of investor enthusiasm in this hot industry sector.

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.

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.

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…