Shares of Shoals Technologies Group struggled Tuesday, dipping more than 6 percent at one point after the Portland, Tenn.-based solar energy equipment supplier reported quarterly earnings that compared favorably to analysts’ estimates.

At the mid-day trading mark, Shoals shares (ticker: SHLS ) were valued at $9.65, down 6.4 percent (the equivalent drop of $0.69 per share).

Volume was very fairly heavy, as about 5.07 million shares had traded as of publication time. The daily average, according to Yahoo Finance, has been roughly 6.5 million.

Shoals announced in a company release Tuesday earnings of $0.12 per share, in line with the Zacks consensus estimate of analysts. The figure compares to earnings of $0.08 per share from the same period in 2024.

Shoals Technologies — which bills it

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