Shares of Shoals (NASDAQ:SHLS) surged 6% after increased options market activity and positive news in the solar sector. A supply deal with T1 Energy for 900 MW of modules over 3 years indicated healthy demand in the U.S. solar market, benefiting Shoals. The stock closed at $9.32, up 4%. Shoals shares are volatile, with 61 moves >5% in the past year. Recent drops followed Morgan Stanley’s downgrade due to a revised outlook. Despite a 54.4% YTD increase, shares are still 13.9% below their 52-week high. Investors who bought at IPO would see $301.48 on a $1,000 investment.

Read more at StockStory: Why Is Shoals (SHLS) Stock Rocketing Higher Today