Shoals Technologies Group Inc Ordinary Shares - Class A
SHLS: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$6.00 | Qjp | Gfgysczx |
Shoals Earnings: Shares Fall on 2024 Guidance Miss
We lower our fair value estimate for no-moat Shoals to $10 from $11 following fourth-quarter results. The driver of our lower valuation is a reduced revenue forecast following 2024 guidance below our expectations. We view shares as overvalued.