TD Cowen lowered the firm’s price target on Shoals Technologies to $30 from $35 and keeps an Outperform rating on the shares. The firm said they reported 3Q revenue roughly in line and margin upside ex a larger than expected warranty charge related to a faulty wire component from one supplier.
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Read More on SHLS:
- Shoals Technologies price target lowered to $23 from $26 at Citi
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