Shoals Technologies (SHLS) Stock

Shoals Technologies Group, Inc. reported mixed Q3 earnings with a revenue decline and EPS miss due to project delays, impacting overall performance. Improved gross profit and operating margins show progress, but high debt and interest expenses raise concerns about financial health during prolonged downturns. Delays and potential political changes pose risks, while solar power's cost-effectiveness offers some optimism amid uncertainties.

Shoals Technologies Group, Inc. (NASDAQ:SHLS ) Q3 2024 Earnings Conference Call November 12, 2024 8:00 AM ET Company Participants Matthew Tractenberg - Vice President of Finance and Investor Relations Brandon Moss - Chief Executive Officer Dominic Bardos - Chief Financial Officer Conference Call Participants Brian Lee - Goldman Sachs Mark Strouse - JPMorgan Philip Shen - ROTH Capital Partners Kashy Harrison - Piper Sandler Christine Cho - Barclays Jordan Levy - Truist Securities Andrew Percoco - Morgan Stanley Praneeth Satish - Wells Fargo Joseph Osha - Guggenheim Partners Colin Rusch - Oppenheimer Operator Hello and welcome to the Shoals Technologies Group, Inc. Third Quarter 2024 Earnings Call. My name is Alex and I'll be coordinating the call today.

Shoals Technologies Group (SHLS) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.20 per share a year ago.

– 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.

WILMINGTON, DE / ACCESSWIRE / October 25, 2024 / Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Shoals Technologies Group, Inc. ("Shoals" or the "Company") (NASDAQ GM:SHLS) on behalf of stockholders.

NEW YORK, NY / ACCESSWIRE / October 22, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Shoals Technologies Group, Inc. ("Shoals Technologies Group, Inc.") (NASDAQ:SHLS) concerning possible violations of federal securities laws. The investigation concerns whether Shoals and certain of its directors and/or officers failed to disclose to shareholders that: (i) certain of the Company's products used for solar power generation were not of the highest levels of quality and reliability as Shoals claimed; (ii) the Company received numerous reports of defects in wire harnesses it had installed in a number of solar fields; and (iii) it would cost Shoals millions of dollars to remediate the defects with its products.

WILMINGTON, DE / ACCESSWIRE / October 17, 2024 / Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Shoals Technologies Group, Inc. ("Shoals" or the "Company") (NASDAQ GM:SHLS) on behalf of stockholders.

PORTLAND, Tenn., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (the “Company”) (Nasdaq: SHLS) today announced that the Company will release its third quarter 2024 results before market open on Tuesday, November 12, 2024, to be followed by a conference call at 8:00 a.m. (Eastern Time) on the same day.

PORTLAND, Tenn., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals”), a global leader in electrical balance of system (“EBOS”) solutions for the energy transition market, announced today that it has further strengthened its executive team with two new additions to drive operational excellence.