Roth MKM lowered the firm’s price target on Shoals Technologies to $30 from $40 and keeps a Buy rating on the shares after its Q3 results. Since the company first disclosed the shrinkback warranty liability in Q2, the stock is down 50% vs. Solar ETF TAN being down 38%, though the firm’s “non-legal interpretation” also suggests that Shoals has a strong case given the facts presented in the filing, the analyst tells investors in a research note.
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- Shoals Technologies reports Q3 EPS 20c, consensus 15c
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