Shoals Technologies Group shares are trading lower after the company reported worse-than-expected Q3 revenue results and issued FY23 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Shoals Technologies Group reported lower than expected Q3 revenue results and issued FY23 revenue guidance below estimates, causing its shares to trade lower.
November 08, 2023 | 4:15 pm
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Shoals Technologies Group's shares are trading lower due to worse-than-expected Q3 revenue results and lower FY23 revenue guidance.
Shoals Technologies Group's shares are trading lower as the company reported worse-than-expected Q3 revenue results and issued FY23 revenue guidance below estimates. This negative financial performance is likely to impact investor confidence and could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100