From Yahoo Finance: 2025-05-16 11:30:00

Shoals Technologies (SHLS) downgraded by BNP Paribas Exane to Underperform from Neutral with a price target of $4. Nextracker (NXT) expanding into Shoals’ market with acquisition of Bentek, improving costs and supply chain. Nextracker captures 50%-60% of tracker market, impacting Shoals’ customers. Shoals shares down 23% to $4.68.

Source: TheFly

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Read more: Shoals sinks after BNP downgrades on Nextracker competition