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Shoals Technologies sees rising backlog alongside falling stock price ahead of Q3 results

Earnings Whispers · ·by G4L

SHLS
SHLS Shoals Technologies Group Inc
$8.13 -6.77%
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  1. 1Shoals Technologies reported a backlog of $801.4 million.
  2. 2Shoals Technologies shares have fallen 19% since the last report.
  3. 3Management stated that the time between bookings and shipments is lengthening.

So what's the key point?

Shoals Technologies recorded $801.4 million in orders, but its stock price fell 19%. This means the time between receiving an order and actually shipping the product is getting longer.

Source Earnings Whispers · View original ↗

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