Shoals Technologies stock rises after Citi upgrade

Investing.com10-03

Investing.com -- Shoals Technologies stock rose around 2% Thursday after Citi analysts upgraded the company from Sell to Neutral and increased the price target from $5.00 to $5.50 a share. Citi's ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2472661258?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-03 22:31","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2472661258","market":"us","top_or_hot":-1,"title":"Shoals Technologies stock rises after Citi upgrade","media":"Investing.com","content":"<div>\n<p>Investing.com -- Shoals Technologies stock rose around 2% Thursday after Citi analysts upgraded the company from Sell to Neutral and increased the price target from $5.00 to $5.50 a share.\nCiti's ...</p>\n\n<a href=\"https://finance.yahoo.com/news/shoals-technologies-stock-rises-citi-143134585.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Shoals Technologies stock rises after Citi upgrade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShoals Technologies stock rises after Citi upgrade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-03 22:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/shoals-technologies-stock-rises-citi-143134585.html><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investing.com -- Shoals Technologies stock rose around 2% Thursday after Citi analysts upgraded the company from Sell to Neutral and increased the price target from $5.00 to $5.50 a share.\nCiti's ...</p>\n\n<a href=\"https://finance.yahoo.com/news/shoals-technologies-stock-rises-citi-143134585.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SHLS","symbol_name":"Shoals Technologies Group","start_time":0,"source_url":"https://finance.yahoo.com/news/shoals-technologies-stock-rises-citi-143134585.html","article_id":"2472661258","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2472661258","pubTimestamp":1727965894,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Investing.com -- Shoals Technologies stock rose around 2% Thursday after Citi analysts upgraded the company from Sell to Neutral and increased the price target from $5.00 to $5.50 a share.Citi's updated outlook is based on a more balanced risk-reward profile and recent developments surrounding the company's patent infringement case, which has now largely been resolved.Citi analysts noted that the primary catalyst for the stock, its patent dispute, has \"largely played out,\" with the Administrative Law Judge recommending a limited exclusion order.They also highlighted that the issue of \"shrinkback has been mostly put to rest,\" which removes a major uncertainty for investors.Moreover, the firm cited the company's recent Master Service Agreements  with Blattner and other top engineering, procurement, and construction  firms as positive signals, calling them \"votes of confidence.\". However, Citi warned that rising competition, particularly the expected launch of Voltage's AD product, remain","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"SHLS":"Shoals Technologies Group"},"translate_title":"花旗升级后Shoals Technologies股价上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SHLS":0.9},"content_text":"Investing.com -- Shoals Technologies stock rose around 2% Thursday after Citi analysts upgraded the company from Sell to Neutral and increased the price target from $5.00 to $5.50 a share.\nCiti's updated outlook is based on a more balanced risk-reward profile and recent developments surrounding the company's patent infringement case, which has now largely been resolved.\nCiti analysts noted that the primary catalyst for the stock, its patent dispute, has \"largely played out,\" with the Administrative Law Judge recommending a limited exclusion order.\nThey also highlighted that the issue of \"shrinkback has been mostly put to rest,\" which removes a major uncertainty for investors.\nMoreover, the firm cited the company's recent Master Service Agreements (MSAs) with Blattner and other top engineering, procurement, and construction (EPC) firms as positive signals, calling them \"votes of confidence.\"\nHowever, Citi warned that rising competition, particularly the expected launch of Voltage's AD product, remains a key downside risk, as the product will not be subject to the limited exclusion order.\nWhile Shoals' near-term gross margins could be volatile due to factory consolidations, Citi pointed out potential upside for the company. These include gains in wallet share with top customers, further patent enforcement, and international expansion.\nCiti also mentioned possible traction in Shoals' Battery Energy Storage Systems (BESS) product line, which has a total addressable market (TAM) of $142 million by 2025.\nAt its current valuation, Shoals trades at 8.4 times enterprise value to EBITDA, which Citi noted is \"about one standard deviation below average\" and historically represents a floor valuation for the company.\nWith expectations reset following the company's recent investor day, Citi views Shoals' risk-reward profile as more balanced, leading to the upgrade.\nRelated Articles\nShoals Technologies stock rises after Citi upgrade\nOpenAI establishes $4 billion credit facility\nSwedish union files lawsuit against Tesla over labour conflict","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2472661258"}