Shoals Technologies Group, Inc. Class Action Lawsuit - SHLS

The filed complaint alleges that Shoals Technologies Group, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Shoals did not deliver EBOS, electrical balance of system, products that met the highest levels of quality and reliability; (2) Shoals had received reports of exposed copper conduit in EBOS wire harnessess in a large number of solar fields and was aware that a significant portion of its wire harnesses had defects; (3) Shoals would have to incur between $60 million to $185 million in costs to remediate the wire shrinkback issue; and (4) Shoals had understated its cost of revenue by millions of dollars. As a result, defendants’ positive statements about the Company’s financial guidance, business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

In order to be eligible to join the SHLS class action lawsuit, you must have incurred a loss on shares of Shoals Technologies purchased during the class period listed above.

If you suffered a loss in Shoals Technologies during the relevant time frame, you have until May 21, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.