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Stock impact report

Lowey Dannenberg Notifies Shoals Technologies Group, Inc. (“Shoals” or the “Company”) (NASDAQ: SHLS) Investors of Securities Class Action Lawsuit and Encourages Investors with more than $1...

Shoals Technologies Group, Inc. - Class A (SHLS) 
Company Research Source: GlobeNewswire
NEW YORK, April 22, 2024 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, announces the filing of a class action lawsuit against Shoals Technologies Group, Inc. (“Shoals” or the “Company”) (NASDAQ: SHLS) for violations of the federal securities laws on behalf of investors who purchased or acquired Shoals common stock between May 17, 2022 and November 7, 2023, inclusive (the “Class Period”). On March 21, 2024, a complaint was filed against the Company and certain of its officers alleging that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Shoals did not deliver electrical balance of system (“EBOS”) products that met the highest levels of quality and reliability; (2) Shoals had received reports of exposed copper conduit in EBOS wire harnesses in a large number of solar fields and was aware that a significant portion of its wire harnesses had defects; Show less Read more
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