Shoals Technologies Group Inc Ordinary Shares - Class A
SHLS: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$7.00 | Gpxg | Rfqhsnwyd |
Shoals Earnings: Another Guidance Cut; Reducing Fair Value Estimate to $5
We are lowering our fair value estimate for no-moat Shoals to $5 from $7 following second-quarter results. The reduced valuation is a result of lower long-term revenue assumptions, which results in reduced operating leverage and lower long-term margins. We view shares as fairly valued.