Latest news with #Shoals
NBC Sports
15-07-2025
- Sport
- NBC Sports
Former NFL offensive lineman Roger Shoals dies at 86
Roger Shoals, an offensive lineman who spent a total of nine seasons in the NFL with the Browns, Lions and Broncos, has died at the age of 86. Shoals played his college football at Maryland and was a 16th round pick of the Browns in the 1961 NFL draft as well as a 34th round pick of the Dallas Texans in the 1962 AFL draft. It wasn't until 1963 that he chose to turn pro and picked the Browns and the NFL, and with that choice he became a member of one of the best teams in the league. In his second season, the Browns won the 1964 NFL Championship Game, and half a century later he still considered that his career highlight. 'That was heaven. The league sent us our rings. I still wear mine all the time even though people look at this old man and think 'What the hell is he doing with a diamond?'' Shoals told the Baltimore Sun in 2014. After two years in Cleveland, Shoals was traded to Detroit, where he became a starter on the Lions' offensive line. He spent six years with the Lions before he was traded again to the Broncos, retiring after one year in Denver in 1971.
Yahoo
11-07-2025
- Business
- Yahoo
Shoals (SHLS) Stock Trades Up, Here Is Why
Shares of solar energy systems company Shoals (NASDAQ:SHLS) jumped 3.3% in the morning session after an upgrade from Jefferies earlier in the week continued to fuel investor optimism. The stock received a boost on Monday when Jefferies upgraded the shares from a "Hold" to a "Buy" rating and increased its price target to $7.20 from $4.90. Analysts at the firm cited improved growth prospects and tailwinds from U.S. tax and spending legislation benefiting the solar sector as reasons for the positive revision. This positive sentiment follows other recent optimistic analyst actions, including a price target increase from Mizuho in early June. The company, which provides electrical balance of system (EBOS) solutions for solar energy projects, also recently announced its expansion into the South American market with a new contract in Chile. Investors are now looking ahead to the company's second-quarter earnings report, which is scheduled for release before the market opens on August 5, 2025. After the initial pop the shares cooled down to $5.84, up 1% from previous close. Is now the time to buy Shoals? Access our full analysis report here, it's free. Shoals's shares are extremely volatile and have had 60 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 4 days ago when the stock gained 6.7% on the news that an analyst at Jefferies upgraded the stock to "Buy" from "Hold" and significantly raised the price target. Jefferies analyst Julian Dumoulin-Smith boosted the price target on the solar energy solutions provider to $7.20 from a previous $4.90. The upgrade was based on the view that certain regulatory restrictions should enhance Shoals' competitive position. Shoals is down 3.6% since the beginning of the year, and at $5.84 per share, it is trading 17.4% below its 52-week high of $7.06 from July 2024. Investors who bought $1,000 worth of Shoals's shares at the IPO in January 2021 would now be looking at an investment worth $188.35. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Globe and Mail
08-07-2025
- Business
- Globe and Mail
Shoals Technologies Group Expands into South American Market with Alcones Solar Project in Chile with CJR Renewables
PORTLAND, Tenn., July 08, 2025 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (Shoals) (Nasdaq: SHLS), a global leader in electrical balance of system (EBOS) solutions for the energy transition market, announced the execution of a contract with CJR Renewables to deliver its innovative Big Lead Assembly (BLA) for the 110 MW Alcones project in the Marchigüe, Región del Libertador Bernardo O´Higgins (VI), Chile. CJR Renewables, a leading Engineering, Procurement, and Construction (EPC) firm, has installed 1.6 GW of solar across the globe. The 110 MW Alcones project will be the first built with BLA in Chile, enabling the acceleration of installation and enhancing long-term system reliability. Shoals' BLA system is designed to improve energy yield and reduce the levelized cost of energy. The BLA system simplifies installation, reduces the need for skilled labor, and enhances the long-term reliability of solar installations. The partnership also supports Shoals' strategic expansion into attractive new markets, like South America. Shoals has built a strong track record of delivering high-quality, reliable EBOS solutions that exceed industry standards. 'We are excited about the opportunity to partner with CJR Renewables to support the Alcones project,' said Juan Manuel Carbajosa García, Director of Sales at Shoals. 'Our continued execution within our strategic global markets remains a priority. This project not only marks our expansion into the South American market but also showcases the effectiveness of our BLA system in addressing regional challenges.' Once operational, the Alcones project will generate enough electricity to power over 86,000 households, while avoiding more than 62,000 tons of CO₂ emissions annually. About Shoals Technologies Group, Inc. Shoals Technologies Group is a leading provider of electrical balance of systems (EBOS) solutions for the energy transition market. Since its founding in 1996, the Company has introduced innovative technologies and systems solutions that allow its customers to substantially increase installation efficiency and safety while improving system performance and reliability. Shoals Technologies Group is a recognized leader in the renewable energy industry. For additional information, please visit: Forward Looking Statements: This press release contains certain forward-looking statements that are based on the Company's management's beliefs and assumptions and on information currently available to the Company's management. These forward-looking statements relate to, among other things, the Company's execution of its contract related to the Alcones project and the expected benefits thereof; and the Company's expansion into new market segments. Forward-looking statements include statements that are not historical facts and can be identified by terms such as 'anticipate,' 'believe,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,' 'potential,' 'predict,' 'project,' 'seek,' 'should,' 'will,' 'would' or similar expressions and the negatives of those terms. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Some of the key factors that could cause actual results to differ from the Company's expectations include, among other things: our expansion outside the U.S. could subject us to additional business, financial, regulatory and competitive risks; we have modified, and in the future may modify, our business strategy to abandon lines of business or implement new lines of business; modifying our business strategy could have an adverse effect on our business and financial results; the imposition of trade restrictions, import tariffs, anti-dumping and countervailing duties could adversely affect the amount or timing of our revenue, results of operations or cash flows; and amounts included in our backlog and awarded orders may not result in actual revenue or translate into profits. These and other important risk factors are described more fully in the Company's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and other documents filed with the Securities and Exchange Commission and could cause actual results to vary from expectations. Given these uncertainties, you should not place undue reliance on forward-looking statements. Also, forward-looking statements represent the Company's management's beliefs and assumptions only as of the date of this report. You should read this report with the understanding that the Company's actual future results may be materially different from what the Company expects. Except as required by law, the Company assumes no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. For media inquiries, please contact:
Yahoo
07-07-2025
- Business
- Yahoo
Why Are Shoals (SHLS) Shares Soaring Today
Shares of solar energy systems company Shoals (NASDAQ:SHLS) jumped 6.7% in the morning session after an analyst at Jefferies upgraded the stock to "Buy" from "Hold" and significantly raised the price target. Jefferies analyst Julian Dumoulin-Smith boosted the price target on the solar energy solutions provider to $7.20 from a previous $4.90. The upgrade was based on the view that certain regulatory restrictions should enhance Shoals' competitive position. After the initial pop the shares cooled down to $6.21, up 3.9% from previous close. Is now the time to buy Shoals? Access our full analysis report here, it's free. Shoals's shares are extremely volatile and have had 58 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. Shoals is up 2.6% since the beginning of the year, but at $6.21 per share, it is still trading 12.1% below its 52-week high of $7.06 from July 2024. Investors who bought $1,000 worth of Shoals's shares at the IPO in January 2021 would now be looking at an investment worth $200.30. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
Yahoo
29-06-2025
- Business
- Yahoo
The 5 Most Interesting Analyst Questions From Shoals's Q1 Earnings Call
Shoals' first quarter results drew a significant positive response from the market, as management attributed the outperformance to strong bookings, the ramp-up of new products, and success in expanding its customer base. CEO Brandon Moss highlighted that "momentum continues with approximately $91 million in new orders," pointing to a healthy backlog and a book-to-bill ratio above 1.0. Despite a decline in revenue compared to the prior year, Shoals' leadership credited the performance to ongoing commercial initiatives, increased engagement with both new and returning customers, and meaningful traction in its battery energy storage solutions segment. Is now the time to buy SHLS? Find out in our full research report (it's free). Revenue: $80.36 million vs analyst estimates of $74.23 million (11.5% year-on-year decline, 8.3% beat) Adjusted EPS: $0.03 vs analyst estimates of $0.04 (in line) Adjusted EBITDA: $12.79 million vs analyst estimates of $12.16 million (15.9% margin, 5.2% beat) The company reconfirmed its revenue guidance for the full year of $430 million at the midpoint EBITDA guidance for the full year is $107.5 million at the midpoint, above analyst estimates of $103.8 million Operating Margin: 5.4%, down from 12.8% in the same quarter last year Backlog: $645.1 million at quarter end, up 4.9% year on year Market Capitalization: $814.1 million While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Michael Fairbanks (JPMorgan): asked about the evolving competitive landscape amidst tariffs. CEO Brandon Moss explained that while tariffs create some market shifts, most customer conversations focus on Shoals' quality and service rather than just domestic sourcing. Brian Lee (Goldman Sachs): questioned the timeframe for margin recovery and the drivers behind returning to 40%+ gross margins. CFO Dominic Bardos detailed the mix of operational efficiency, new product contributions, and targeted commercial strategies that should support margin improvement. Colin Rusch (Oppenheimer): inquired about international expansion and supply chain cost savings. Moss highlighted longer development timelines abroad but emphasized the similarities in product requirements, and noted ongoing automation and process initiatives to improve efficiency. Philip Shen (ROTH Capital Partners): asked about bookings velocity and the impact of tariffs on battery storage projects. Moss reported strong bookings and minimal current impact from tariffs, with storage growth driven by both market expansion and Shoals' low starting market share. Derek Soderberg (Cantor Fitzgerald): probed growth drivers in commercial and industrial (C&I) markets. Moss described increased quoting and bookings activity, driven by Shoals' solutions for projects with labor and supply chain constraints. Looking ahead, StockStory analysts will be watching (1) the pace of backlog conversion into revenue as project execution ramps up, (2) progress toward improved gross margins as operational initiatives take hold, and (3) traction in international and energy storage markets, particularly following new product launches and strategic partnerships. The impact of evolving trade policy and tariffs on Shoals' competitive positioning will also be a key area to monitor. Shoals currently trades at $4.89, up from $3.77 just before the earnings. Is the company at an inflection point that warrants a buy or sell? The answer lies in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today.
