Stock Track | Shoals Technologies Group Plunges 5.8% Pre-market on Q4 Earnings Miss

Stock Track

02-25

Shoals Technologies Group Inc. (SHLS) shares plummeted 5.8% in pre-market trading on Tuesday, following the company's weaker-than-expected fourth-quarter earnings report for 2024.

The solar energy equipment supplier reported an adjusted earnings per share of $0.08 for Q4 2024, missing analysts' consensus estimate of $0.10. However, the company's revenue of $106.987 million exceeded expectations of $102.106 million.

While Shoals Technologies topped revenue forecasts, the earnings miss likely prompted investors to sell off the stock pre-market. The company's adjusted EBITDA of $26.4 million also came in slightly above estimates of $25.2 million.

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(SHLS) shares plummeted 5.8% in pre-market trading on Tuesday, following the company's weaker-than-expected fourth-quarter earnings report for 2024.</p>\n\n<p>The solar energy equipment supplier reported an adjusted earnings per share of $0.08 for Q4 2024, missing analysts' consensus estimate of $0.10. However, the company's revenue of $106.987 million exceeded expectations of $102.106 million.</p>\n\n<p>While Shoals Technologies topped revenue forecasts, the earnings miss likely prompted investors to sell off the stock pre-market. 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