Shoals shares seek continued energy

Shoals Technologies Group shares will seek further momentum Tuesday after having gained about 11.6 percent in value the past five trading days and as a bench trial looms related to a patent infringement case involving North Carolina-based Voltage Energy.

At the conclusion of the Monday trading session, Shoals stock (Nasdaq: SHLS) was priced at $10.40, up 1.07 percent (the equivalent rise of $0.11 per share).

The shares have surged the past few days, during which Shoals announced Friday a favorable initial determination last week from the U.S. International Trade Commission (ITC). The commission, Shoals said, confirmed that Voltage’s trunk bus solutions infringe Shoals’ patented “big lead assembly” technology, which is used in utility-scale solar projects.

However, Voltage, a solar and clean energy solutions provider, announced Monday via a release that an ITC administrative law judge has since found that Voltage Energy’s new LYNX design, in fact, does not infringe either of Shoals’ patents.

The trial will be held Feb. 26-27 in Winston-Salem in the U.S. District Court for the Middle District of North Carolina.

The legal battle between Shoals and Voltage is now more than 12 months old, as patents have been at the forefront of the matter (read here).

Based in Portland, Tennessee, Shoals is a solar energy equipment supplier that bills itself as an electrical balance of systems company targeting the solar array technology sector.

Shoals shares began the year priced at $8.67, having risen 22.35 percent in value since, according to Yahoo Finance.