Shoals Technologies Group, Inc. (NASDAQ:SHLS) shares were trading more than 12% higher in the afternoon despite the company’s reported Q1 earnings results, with EPS of $0.02 coming in worse than the consensus estimate of $0.07. Revenue was $68 million, compared to the consensus of $70.38 million.
Analysts at Oppenheimer said they are encouraged to see the company’s new capacity coming online and new product development tracking as scheduled.
The analysts continue to expect the next 12 months to be crucial for the company in establishing its market position in the EU and Latin America, which could dictate its 3—5-year growth trajectory.
Given product is now certified, the analysts believe completing customer adoption will help signal growth in these geographies and understand the process is going well.
The company provided its Q2/22 outlook, expecting revenue in the range of $300-325 million, compared to the consensus estimate of $325.7 million.

Oppenheimer analysts shared their outlook on Ulta Beauty, Inc. (NASDAQ:ULTA) ahead of the company’s upcoming Q1 earnings announcement, expected on May 26.
The analysts expect another strong top- and bottom-line delivery, with their base case assuming a Q1 comp increase of at least 7% and an EPS delivery above the Street estimate of $4.45.
The analysts expect management to conservatively reaffirm guidance amidst a fluid consumer backdrop vs. flowing through a beat. The analysts maintained their outperform rating and $470 price target on the company’s shares.

Rocket Lab USA, Inc. (NASDAQ:RKLB) shares were trading around 4% higher Tuesday afternoon following Q1 earnings announcement, with EPS coming in at ($0.06), missing the consensus estimate of ($0.04). Revenue increased 124% year-over-year to $40.7 million, compared to the Street estimate of $27.48 million.
Analysts at Deutsche Bank view the quarterly results as somewhat messy due to weaker margins but believe Q2 will show meaningful improvement, still putting the company on track to be one of the few publicly listed New Space companies that could actually be profitable in a few years.
At the same time, its growth trajectory shows no signs of slowing down, with a backlog now at $551 million, compared to $241 million at the end of the previous quarter.
Moreover, with Russia’s Soyuz rockets no longer allowed to fly European missions, the launch market will grow increasingly tight through mid-decade and Neutron’s importance/ demand will become even greater, allowing for higher pricing/profitability.

Amazon founder Jeff Bezos commented on President Joe Biden’s recent comments on inflation, leading to an ongoing exchange of comments between the White House and the Amazon founder. Jeff Bezos is an extremely savvy businessman who has faced criticism from his workers, from Presidents Joe Biden and Donald Trump.

He is known for his comments, his sharp business dealings, avoidance of paying corporate taxes through write offs, paying a local authority to dismantle an iconic bridge for his super yacht to pass through, sponsoring public figures for space jaunts, while employees get less benefits and are intimidated when trying to form unions. So, the White House hit back, this could be just another spat to be dealt with, in the Amazon founder’s life!

On Friday, President Joe Biden tweeted, “You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share.”

Although the president didn’t mention any corporate by name, Bezos responded to the tweet saying that “mushing them [corporate taxes and inflation] together is just misdirection.”

Amazon had paid no federal income taxes in 2017 and 2018, according to articles in several news outlets.

On Sunday, Bezos tweeted again that the $1.9 trillion American Rescue Plan, signed into law in March 2021, had contributed to inflation. The world’s second richest billionaire with a fortune of over $100 billion said that inflation harmed the poor the most.

White House spokesperson Andrew Bates responded to Bezos’ comments saying that it didn’t “require a huge leap” to figure why the world’s second wealthiest person was opposing President Biden’s proposal to increase taxes paid by corporations and ultra-wealthy individuals.

Bates also mentioned that it was not surprising that the tweet came “after the President met with labor organizers, including Amazon employees.

Image: Jeff Bezos Wikimedia Author Daniel Oberhaus

Jeff Bezos once again responded that the Biden administration was trying to “muddy the topic.”

In fact, the administration tried hard to inject even more stimulus into an already over-heated, inflationary economy and only Manchin saved them from themselves. Inflation is a regressive tax that most hurts the least affluent. Misdirection doesn’t help the country. https://t.co/a8cygcunEG

– Jeff Bezos (@JeffBezos) May 15, 2022