Analyst Downgraded Stocks on the NAS September 2024

September 19, 2024

Analyst Downgrades

Companies are downgraded when at least one analyst has downgraded their view on the stock, therefore decreasing its average consensus value. Companies can get downgraded for a number of reasons but primarily due to reduced future earnings potential due to loss of contracts, faltering product lines, increasing costs relative to revenue or financial risk.

NASDAQ

The National Association of Securities Dealers Automated Quotations (Nasdaq) located in New York City, is the most active stock exchange by volume in the United States.

About the Data

This table includes the number of analyst ratings along with the number of buy-hold-sells on the company. A company is included in this list when its mean rating decreases from the previous week.

How do you use this table?

Companies that have recently been downgraded are viewed as having potential future losses. Use this table as a starting point for further research on these companies. Stocks with analyst coverage also tend to have higher visibility in the marketplace, therefore have the potential to be more liquid. Stocks in this category are generally sold to preserve capital or held as a short position.

For an in-depth look at the fundamentals and valuation of each company, try the stockcalc platform free for 30 days.

SymbolNameBuyOutperformHoldUnderperformSellNo OpinionMean RatingPrev Mean LabelMean Label
SHLS Shoals Technologies Group Inc 5 0 1 1 0 0 4.3 4.4 Outperform
BLDP Ballard Power Systems Inc 0 0 7 0 3 0 2.4 2.5 Underperform
All data provided as at market close September 15, 2024.

Company Details

Shoals Technologies Group Inc

SHLS:NAS

Buy

5

Hold

1

Mean Rating

4.3

Prev Mean Rating

4.4

Mean Label

Outperform

Shoals Technologies Group is a provider of electrical balance of system solutions for solar energy projects, primarily in the United States. EBOS encompasses components that are necessary to carry electric current produced by solar panels to an inverter. The products are sold principally to engineering, procurement, and construction firms that build solar energy projects.

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Ballard Power Systems Inc

BLDP:NAS

Hold

7

Sell

3

Mean Rating

2.4

Prev Mean Rating

2.5

Mean Label

Underperform

Ballard Power Systems is a world leader in proton-exchange membrane fuel cells, power system development, and commercialization. The company's principal business is the design, development, manufacture, sale, and service of PEM fuel cell products for a variety of applications, focusing on power product markets of heavy-duty motive (bus, truck, rail, and marine applications), material handling, and stationary power generation. Sales are concentrated in the US, Europe, and China.

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Analysts downgraded Shoals Technologies Gr and Ballard Power Systems on the NAS this month. See the full list of analyst downgrades on the blog: https://www.stockcalc.com/Blog/analyst-downgraded-stocks-nas-september-2024
Shoals Technologies Gr $SHLS and Ballard Power Systems $BLDP downgraded on the #NAS this month. See the full list of downgrades: https://www.stockcalc.com/Blog/analyst-downgraded-stocks-nas-september-2024
Analysts downgraded Shoals Technologies Gr and Ballard Power Systems on the NAS this month. See the full list of analyst downgrades on the blog: https://www.stockcalc.com/Blog/analyst-downgraded-stocks-nas-september-2024

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