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home / articles / why shoals technologies group shls shares are seeing mwn benzinga

SHLS - Why Shoals Technologies Group (SHLS) Shares Are Seeing Blue Skies | Benzinga

Shoals Technologies Group Inc.

Shoals Technologies Group Inc (NASDAQ:SHLS) shares are trading higher by 9.2% to $7.43 during Tuesday’s session after the company announced a $150 million share repurchase program for its Class A common stock, effective through December 31, 2025.

The program will be funded by cash reserves, free cash flow and credit facility borrowings. CEO Brandon Moss stated this reflects confidence in Shoals’ growth.

Shoals also entered an Accelerated Share Repurchase (ASR) agreement with Jefferies LLC for $25 million, initially receiving about 2.2 million shares. The final number of shares will depend on the average stock price during the ASR, ...

SHLS) Shares Are Seeing Blue Skies>Full story available on Benzinga.com
Stock Information
Company Name: Shoals Technologies Group Inc.
Stock Symbol: SHLS
Market: NASDAQ
Website: shoals.com
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