Shoals Technologies Group Inc (Long)Enter: Market Price
Take Profit: 27.06 (7.59%)
Stop Loss: 23.29
Price is bouncing off a strong support zone
SHLS
SHLS close to diagonal resistance.SHLS close to diagonal resistance. IBD A+ stock. If it goes over resistance its a buy. Watch for few days
SHLS : ASCENDING TRIANGLE / POSITION TRADEINVESTMENT HIGHLIGHTS :
EBOS : mission critical components for power grids; necessary to carry electric current produced by solar panels to an inverter and power the grid.
Customers : engineering, procurement, and construction firms.
Plug-and-play components : installing components is expensive; products improve reliability and help avoid expensive installation crews, lowering total costs.
Provides a one-stop solution thats hard to obtain from other providers.
9M20 sales growth 28% YoY; sector leading margins: 23% operating margin vs 8% peers
Increasing operating cash flow and already generating profits
Global market for solar PV balance to grow 16% CAGR to $42.2B by 2024
SOURCE: Zarr Pacificador, 5 Feb 2021, Caylum Trading Institute
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