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Stock impact report

Shoals Technologies Group Inc. (SHLS) Gains Momentum on Clean Energy Demand [Yahoo! Finance]

Shoals Technologies Group, Inc. - Class A (SHLS) 
Company Research Source: Yahoo! Finance
for Shoals Technologies Group to $12 from $9 on November 5, maintaining its Buy rating. The firm pointed to a record project backlog as a sign of rising demand for clean energy solutions, fueled by expanding data center operations and tech sector growth. Shoals Technologies Group Inc. (SHLS) Gains Momentum on Clean Energy Demand Shoals' growing footprint in battery storage and data center markets also played a role in UBS's bullish stance. These segments are seen as key drivers of future revenue, positioning the company to benefit from the accelerating shift toward electrification and renewable infrastructure. On November 4, Shoals Technologies Group Inc. (NASDAQ:SHLS) reported a solid third quarter, with revenue rising nearly 33% to $135.8 million, driven by strong demand and increased project volume. Gross profit more than doubled to $50.3 million, helped by the absence of warranty expenses that impacted last year's results. Operating income reached $18.7 million, and net in Show less Read more
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