Shoals Technologies Faces Downgrade from Citi Amid Pending Patent Infringement Case
Tuesday, 2 July 2024, 16:32
Shoals Technologies Downgrade by Citi
Shoals Technologies faces a challenging predicament as Citi downgrades the company amidst a crucial patent infringement case against Voltage.
Key Points:
- Rating Change: Shoals downgraded to Sell by Citi.
- Legal Battle: Pending decision on patent infringement case with Voltage.
- Investor Sentiment: Market closely watching the outcome for potential effects on company.
With the future of Shoals at stake, the impending verdict holds significant implications for the company's trajectory.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.