Latest news with #ShoalsTechnologies
Business Insider
6 days ago
- Business
- Business Insider
Shoals Technologies announces Bobbie King as chief legal officer
Shoals Technologies (SHLS) announced the addition of Bobbie King as chief legal officer and corporate secretary to drive its legal strategy. King joins Shoals from HASI (HASI), where he served as senior VP and deputy chief legal officer. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
16-05-2025
- Business
- Yahoo
Shoals sinks after BNP downgrades on Nextracker competition
As previously reported, BNP Paribas Exane downgraded Shoals Technologies (SHLS) to Underperform from Neutral with a price target of $4, down from $4.50. Nextracker (NXT) is expanding into a market where Shoals operates with its acquisition of Bentek, the analyst told investors in a research note. The firm says Shoals 'hasn't been able to catch a break.' It believes Nextracker is constantly improving costs and supply chain, and notes the company will be bundling, optimizing, expanding capacity.' Nextracker is probably talking to all of Shoals' customers as it captures 50%-60% of the tracker market, contends BNP. The firm thinks product difference 'might not matter.' Shares of Shoals are down 23%, or $1.44, to $4.68 in late morning trading. Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on SHLS: Disclaimer & DisclosureReport an Issue Shoals downgraded to Underperform from Neutral at BNP Paribas Exane Shoals Technologies price target raised to $6 from $5 at Guggenheim Shoals Technologies Holds 2025 Annual Shareholder Meeting Cautious Hold Rating for Shoals Technologies Group Amid Strong Demand and Uncertainties Shoals Technologies price target raised to $5.50 from $4.50 at Citi Sign in to access your portfolio
Yahoo
30-04-2025
- Business
- Yahoo
First Solar, Inc. (FSLR): Among Billionaire George Soros' Mid-Cap Stocks With Huge Upside Potential
We recently published a list of . In this article, we are going to take a look at where First Solar, Inc. (NASDAQ:FSLR) stands against other billionaire George Soros' mid-cap Stocks with huge upside potential. George Soros is one of the most successful investors in the stock market's history. He founded the Soros Fund Management, which currently manages over $6.6 billion in assets. His fund often makes contrarian moves that catch the attention of Wall Street and retail investors alike. Alex Soros, one of George Soros' sons from his second marriage, was handed over the reins in 2023. When investors like George Soros invest in companies, they usually have solid reasons to do so. This is why keeping an eye on their holdings is so important. We decided to take a look at George Soros' Mid-Cap stock holdings to see what mid-cap stocks he is betting on. To come up with our list of billionaire George Soros' 10 Mid-Cap stocks with huge upside potential, we first looked at his top 50 stock holdings. We then filtered out the companies between $10 billion and $40 billion in market cap. After arriving at his top mid-cap holdings list, we then looked at the median analyst price targets on those stocks and then ranked them by their upside potential. We have also mentioned the hedge fund sentiment as per Insider Monkey's database of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A solar panel farm with an orange sky illuminating the vast landscape. Soros Fund Management's Stake Value: $38.1 Million Number of Hedge Fund Holders: 65 First Solar, Inc. operates as a solar technology company and offers photovoltaic (PV) solar energy solutions. The company also manufactures, designs, and supplies cadmium telluride solar modules for the conversion of sunlight into electricity. According to the median analyst price target, the stock still has an upside of 93.55%. First Solar and Shoals Technologies announced the expansion of their partnership last month. As per the announcement, the companies will continue to invest in domestic manufacturing in Alabama. This collaboration supports the ongoing reshoring of U.S. solar supply chains. It will also enable Shoals Technologies to keep investing in American jobs at its Alabama facility. The tech firm has shown impressive growth in 2024, growing its revenue by 26.7% YoY. The company guided for another promising year as it expects 2025 revenue growth to clock in at 26% to 38%. Going by this guidance, the management has guided for higher revenue growth than Wall Street estimates. It demonstrates the management's confidence in the company's growth potential. However, Wall Street estimates indicate a higher EPS growth of 51% than the company's projected EPS growth of 41%. Overall, FSLR ranks 1st on our list of billionaire George Soros' mid-cap Stocks with huge upside potential. While we acknowledge the potential of FSLR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than FSLR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
