Shoals Technologies Group (SHLS) PT Raised to $35 at JPMorgan
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Shoals (SHLS) shares surge 20% on 'strong' results, Northland upgrade
November 15, 2022 9:43 AM ESTShoals Technologies (NASDAQ: SHLS) shares are up 15% today after the company reported strong results for its third quarter.
Shoals reported an EPS of $0.10 on revenue of $90.8 million, ahead of the Street consensus that called for an EPS of $0.08 on revenue of $83.03 million.
On the guidance front, Shoals expects to see full-year revenue between $310 million and $325 million, better than the consensus of $313 million. The adjusted EBITDA is seen at $83 million (the... More
