$70M Shoals Technologies Securities Class Action Settlement
Shoals Technologies Group has agreed to pay $70 million to settle a securities class action. If you purchased Shoals Technologies (NASDAQ: SHLS) common stock between May 16, 2022 and May 7, 2024, you may be entitled to a cash payment based on your recognized stock losses.
Do I Qualify?
You may be eligible if:
- Investors who purchased Shoals Technologies (NASDAQ: SHLS) common stock between May 16, 2022 and May 7, 2024
- You provide brokerage records showing purchase and sale dates and prices
- You submit a valid claim before August 25, 2026
Brokerage records are required. You must provide records showing your purchase dates, prices, and any sales during the class period.
File your claim through the official settlement website.
File Your Claim →What Happened?
Shoals Technologies Group, a provider of electrical balance of system solutions for solar energy projects, was sued by shareholders who alleged the company made materially false and misleading statements about product defects in its cable systems. The lawsuit alleged that Shoals concealed known defects in its photovoltaic wire insulation that caused premature failures in solar installations across the United States.
When the company disclosed the true extent of the defects and the cost of remediation, Shoals' stock price declined sharply, causing significant losses for investors who had purchased shares based on the allegedly misleading statements. Shoals agreed to pay $70 million to settle the securities class action.
How Much Will I Actually Get?
Payments are calculated based on your recognized loss — the number of shares purchased during the class period multiplied by the applicable loss formula. Brokerage records showing purchase and sale dates and prices are required. Deadline is August 25, 2026.
Last updated: June 17, 2026 | Information verified from court records and official settlement documents.