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Shoals Technologies' shares fell to $4.08 despite Jefferies raising its price target to $4.90.
Shoals Technologies Group (SHLS) shares dropped to $4.08 after reporting a lower-than-expected Q2 earnings and a "Hold" rating.
Despite this, Jefferies raised Shoals' price target to $4.90, citing reduced competition from Chinese suppliers and increased revenue forecasts for 2025 and 2026.
However, the company faces long-term challenges from emerging competitors.
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Las acciones de Shoals Technologies cayeron a $4.08 a pesar de que Jefferies elevó su precio objetivo a $4.90.