Shoals Technologies Group, Inc. Reports Financial Results for First Quarter 2022

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Shoals Technologies Group (SHLS) PT Lowered to $20 at Roth Capital

May 17, 2022 12:18 PM EDT

Roth Capital analyst Philip Shen lowered the price target on Shoals Technologies Group (NASDAQ: SHLS) to $20.00 (from $37.00) while maintaining a Buy rating following earnings.

The analyst commented, "SHLS delivered a substantial Q1'22 margin beat and sees margin strength through 2022. Moreover, while the company... More

Shoals Technologies Group, Inc. (SHLS) Misses Q1 EPS by 5c

May 16, 2022 4:08 PM EDT

Shoals Technologies Group, Inc. (NASDAQ: SHLS) reported Q1 EPS of $0.02, $0.05 worse than the analyst estimate of $0.07. Revenue for the quarter came in at $68 million versus the consensus estimate of $70.38 million.

GUIDANCE:

Shoals Technologies Group, Inc. sees Q2 2022 revenue of $300-325... More