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Shoals Technologies Group Inc Ordinary Shares - Class A SHLS Stock Quote

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Morningstar‘s Stock Analysis SHLS

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Shoals Reaffirms 2022 Guidance; Raise Fair Value Estimate to $18 on Policy Tailwinds

Brett Castelli Equity Analyst

Analyst Note

| Brett Castelli |

We raise our fair value estimate for Shoals to $18 per share from $13.50 following its second-quarter results. The driver of our valuation increase is incorporating the benefits of the Inflation Reduction Act of 2022 into our model, which we expect to increase solar deployments in coming years.

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Key Statistics SHLS

Company Profile SHLS

Business Description

Shoals Technologies Group Inc is a provider of electrical balance of system or EBOS solutions for solar energy projects, primarily in the United States. EBOS encompasses components that are necessary to carry electric current produced by solar panels to an inverter. The products are sold principally to engineering, procurement and construction firms that build solar energy projects. In 2022 the company entered the electric vehicle charing market.

1400 Shoals Way
Portland, TN, 37148
T +1 615 451-1400
Industry Solar
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Speculative Growth
Employees 697

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