Shoals Technologies Group (SHLS) Faces Securities Fraud Class Action After SHLS Belatedly Booked $50M Warranty Expense – Hagens Berman
SAN FRANCISCO, May 08, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Shoals Technologies Group, Inc. (NASDAQ:SHLS) investors who suffered substantial losses to submit your losses now.
Class Period: May 17, 2022 – Nov. 7, 2023
Lead Plaintiff Deadline: May 21, 2024
Visit: www.hbsslaw.com/investor-fraud/shls
Contact An Attorney Now: SHLS@hbsslaw.com
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Shoals Technologies Group, Inc. (SHLS) Securities Fraud Class Action:
The litigation focuses on the propriety of Shoals' statements about the quality and reliability of wire harnesses used in its electrical balance of systems ("EBOS") solutions that presented excessive pullback of wire insulation at connection points ("wire shrinkback"), and on the company's related accounting.
The complaint alleges that Shoals made misleading statements and failed to disclose that: (1) it did not deliver EBOS (which utilize a custom wire harness for aggregating electricity from multiple solar panels to deliver that electricity to inverters) products that met ...
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