Shoals Technologies Group Inc Ordinary Shares - Class A

SHLS: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$4.00	Qyyld	Mvdvkhfd

Shoals: Appointed New CEO, Announced Commercial Agreement; Maintaining $20 Fair Value Estimate

Brett Castelli

Jun 14, 2023

We maintain our $20 fair value estimate for no-moat Shoals after it announced the appointment of a new CEO as well as a large commercial agreement. We view shares as overvalued.

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