NASDAQ: SHLS

Shoals Technologies Group, Inc.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of common stock of Shoals Technologies Group, Inc. (NASDAQ: SHLS) between May 17, 2022 and November 7, 2023, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 21, 2024.

If you purchased Shoals common stock during the Class Period and would like to join the action, please click “Join This Class Action.”

Class Period:May 17, 2022 through November 7, 2023

Deadline:

26 Days
If you purchased Shoals common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, defendants misrepresented and/or failed to disclose that:

  • Shoals did not deliver electrical balance of systems (“EBOS”) products that met the highest levels of quality and reliability;
  • Shoals had received reports of exposed copper conduit in EBOS wire harnesses in a large number of solar fields and was aware that a significant portion of its wire harnesses had defects;
  • Shoals would have to incur between $60 million to $185 million in costs to remediate the wire shrinkback issue;
  • Shoals had understated its cost of revenue by millions of dollars; and
  • as a result, defendants’ positive statements about Shoals’ financial guidance, business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: Shoals Technologies Group, Inc.
Stock Symbol: SHLS
Class Period: May 17, 2022 through November 7, 2023
Court: United States District Court for the Middle District of Tennessee

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The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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