Shoals Technologies Group Faces Class Action Lawsuits Over Securities Violations

Investors allege misleading statements and a significant wire shrinkback issue, resulting in a substantial stock price drop.

Shoals Technologies Group, Inc. is facing multiple class action lawsuits for alleged securities law violations.
Investors who purchased Shoals securities between May 17, 2022, and November 7, 2023, are encouraged to join the lawsuit.
The lawsuits claim Shoals made materially false and/or misleading statements about its financial guidance, business, operations, and prospects.
Shoals disclosed a $50.2 million warranty charge for a wire shrinkback issue, leading to a stock price drop of over 20%.
The total cost to remedy the wire shrinkback issue is estimated to be between $59.7 million and $184.9 million.