Looking for a new solar stock? Try Shoals Technologies ($SHLS) — from the back of the glass to the converter. (February 19, 2021)
SHLS
I want to look at Shoals ( NASDAQ: SHLS ) here. This is a company that the stock is actually doing really, really well, it’s kind of a monster. Doesn’t it look like it’s about to break out? It is just kind of breaking out of a squeeze. Well, guess what? This is a 60-minute chart, it’s an hour chart. If you look at it on the daily level you can see that this is just a brand new issue.
I looked at the fundamentals of this company and they are actually really, really strong. The “fundies” are really solid here. I like the way this stock is trading; I would actually be a buyer if it runs up to a new high next week, I am really talking about $41.00. I know it ran up a little bit above that just a couple of weeks ago, on the 2nd, and then it fell off but that was after a big massive move like this.
We don’t really have the same thing. This thing actually sold off a bit, it just kind of rested a bit on Wednesday and Thursday. This is kind of a new move higher and I think you can be a buyer on Monday. My bet is, you are going to ride this up to the sun (get that, it’s a solar company), and I don’t think you are going to like Icarus; you young kids will have to look that up, I don’t think you had that in school. But anyway, this is really what I am looking for here and so let’s go make some money together.
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