Most-Downgraded StocksMost-DowngradedNASDAQ:SHLS Shoals Technologies Group (SHLS) Stock Price, News & Analysis → A New Generation of Billionaires Is About to Be Created (From Banyan Hill Publishing) (Ad) Free SHLS Stock Alerts $6.81 -0.21 (-2.99%) (As of 06/7/2024 ET) Add Compare Share Share Today's Range$6.79▼$7.1750-Day Range$6.41▼$11.3852-Week Range$6.28▼$28.34Volume4.93 million shsAverage Volume6.63 million shsMarket Capitalization$1.16 billionP/E Ratio37.84Dividend YieldN/APrice Target$17.29 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Shoals Technologies Group alerts: Email Address Shoals Technologies Group MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.58 Rating ScoreUpside/Downside154.0% Upside$17.29 Price TargetShort InterestHealthy11.47% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.01Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth34.09%From $0.44 to $0.59 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.79 out of 5 starsOils/Energy Sector67th out of 232 stocksSemiconductors & Related Devices Industry32nd out of 85 stocks 4.3 Analyst's Opinion Consensus RatingShoals Technologies Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.58, and is based on 13 buy ratings, 4 hold ratings, and 2 sell ratings.Amount of Analyst CoverageShoals Technologies Group has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Shoals Technologies Group's stock forecast and price target. Previous Next 4.0 Short Interest Percentage of Shares Shorted11.47% of the float of Shoals Technologies Group has been sold short.Short Interest Ratio / Days to CoverShoals Technologies Group has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Shoals Technologies Group has recently decreased by 15.88%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldShoals Technologies Group does not currently pay a dividend.Dividend GrowthShoals Technologies Group does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SHLS. Previous Next 2.8 News and Social Media Coverage News SentimentShoals Technologies Group has a news sentiment score of 1.01. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Shoals Technologies Group this week, compared to 6 articles on an average week.Search Interest25 people have searched for SHLS on MarketBeat in the last 30 days. This is an increase of 92% compared to the previous 30 days.MarketBeat Follows9 people have added Shoals Technologies Group to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Shoals Technologies Group insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.67% of the stock of Shoals Technologies Group is held by insiders.Read more about Shoals Technologies Group's insider trading history. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Shoals Technologies Group are expected to grow by 34.09% in the coming year, from $0.44 to $0.59 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Shoals Technologies Group is 37.84, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.41.Price to Earnings Ratio vs. SectorThe P/E ratio of Shoals Technologies Group is 37.84, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 10.42.Price to Book Value per Share RatioShoals Technologies Group has a P/B Ratio of 2.13. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Shoals Technologies Group's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Banyan Hill PublishingA New Generation of Billionaires Is About to Be CreatedOn June 30, AI will hit a tipping-point… $15.7 trillion of wealth is at stake. As many as 800 million jobs are caught in AI’s crosshairs…Click here for details. About Shoals Technologies Group Stock (NASDAQ:SHLS)Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions and components for solar, battery energy, and electric vehicle (EV) charging applications in the United States and internationally. The company designs, manufactures, and sells system solutions for both homerun and combine-as-you-go wiring architectures, as well as offers technical support services. It provides EBOS components, including combiners; plug-n-play branch connectors and inline fuses; AC disconnects; recombiners; wireless monitoring; junction boxes; wire management; EV power cabinets; and battery energy storage systems cabinets, as well as cable assemblies, transition enclosures, and splice boxes. In addition, the company offers eMobility solutions, such as a power center, which combines equipment needed to protect the charging equipment and transform voltage levels from the electric utility to those needed on the respective site; quick connect solutions for chargers to connect to the Shoals system; big lead assembly (BLA) technology in the EV space to connect multiple chargers to a single power center; and a raceway system that protects the above ground EV BLAs in walk over and drive over applications. Further, it provides Snapshot IV, a solar operations and maintenance solution that monitors the specific voltage and current of individual solar panels and compares the results against the manufacturer's projected performance. The company sells its products to engineering, procurement, and construction firms that build solar energy projects; utilities; solar developers, independent power producers; solar module manufacturers; and charge point operators. Shoals Technologies Group, Inc. was founded in 1996 and is headquartered in Portland, Tennessee.Read More SHLS Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SHLS Stock News HeadlinesJune 2, 2024 | americanbankingnews.comShoals Technologies Group (NASDAQ:SHLS) Trading Down 5.1%May 31, 2024 | globenewswire.comShoals Technologies Group, Inc. Announces Participation in Upcoming Investor EventsMay 29, 2024 | finance.yahoo.comAt US$7.95, Is Shoals Technologies Group, Inc. (NASDAQ:SHLS) Worth Looking At Closely?May 23, 2024 | markets.businessinsider.comNotice to Current Long-Term Shoals Technologies Group, Inc. (SHLS) ShareholdersMay 22, 2024 | seekingalpha.comShoals Technologies: Market And Warranty UpdateMay 21, 2024 | prnewswire.comThe Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of May 21, 2024 in Shoals Technologies Group, Inc. Lawsuit - SHLSMay 20, 2024 | prnewswire.comSHLS Investors Have Opportunity to Lead Shoals Technologies Group, Inc. Securities Fraud LawsuitMay 20, 2024 | investorplace.com7 Solar Stocks That Could Be Millionaire-Makers: May EditionMay 17, 2024 | uk.finance.yahoo.comRobert Karr's Strategic Position Boost in Shoals Technologies Group IncMay 17, 2024 | finance.yahoo.comRobert Karr's Strategic Acquisition in Shoals Technologies Group IncMay 17, 2024 | businesswire.comThe Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Shoals Technologies Group, Inc. (SHLS)May 16, 2024 | prnewswire.comSHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Shoals Technologies Group, Inc. - SHLSMay 15, 2024 | prnewswire.comSHLS Investors Have Opportunity to Lead Shoals Technologies Group, Inc. Securities Fraud LawsuitMay 15, 2024 | prnewswire.comLevi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of May 21, 2024 in Shoals Technologies Group, Inc. Lawsuit - SHLSMay 14, 2024 | prnewswire.comThe Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of May 21, 2024 in Shoals Technologies Lawsuit - SHLSMay 13, 2024 | stockhouse.comShoals Technologies Group (SHLS) Faces Class Action After SHLS Belatedly Booked $50M Warranty Expense - Hagens BermanMay 13, 2024 | prnewswire.comROSEN, A TRUSTED AND LEADING LAW FIRM, Encourages Shoals Technologies Group, Inc. Investors to Secure Counsel Before Important May 21 Deadline in Securities Class Action - SHLSMay 13, 2024 | prnewswire.comShoals Technologies Group, Inc. Sued for Securities Law Violations - Contact Levi & Korsinsky Before May 21, 2024 to Discuss Your Rights - SHLSMay 10, 2024 | prnewswire.comSHOALS TECHNOLOGIES SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuits Against Shoals Technologies Group, Inc. - SHLSMay 9, 2024 | prnewswire.comSHLS Investors Have Opportunity to Lead Shoals Technologies Group, Inc. Securities Fraud LawsuitMay 9, 2024 | msn.comNorthland Capital Markets Downgrades Shoals Technologies Group (SHLS)May 9, 2024 | msn.comRoth MKM Downgrades Shoals Technologies Group (SHLS)May 8, 2024 | msn.comShoals Technologies sinks after delivering mixed Q1, weak guidanceMay 8, 2024 | finance.yahoo.comShoals Technologies Group, Inc. (NASDAQ:SHLS) Q1 2024 Earnings Call TranscriptMay 8, 2024 | investorplace.com7 Ignored Tech Stocks That Deserve Their Share of the SpotlightSee More Headlines Receive SHLS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Shoals Technologies Group and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/07/2024Today6/08/2024Next Earnings (Estimated)8/06/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorOils/Energy Industry Semiconductors & related devices Sub-IndustryN/A Current SymbolNASDAQ:SHLS CUSIPN/A CIK1831651 Webwww.shoals.com Phone615-451-1400FaxN/AEmployees1,309Year FoundedN/APrice Target and Rating Average Stock Price Target$17.29 High Stock Price Target$33.00 Low Stock Price Target$6.00 Potential Upside/Downside+154.0%Consensus RatingModerate Buy Rating Score (0-4)2.58 Research Coverage19 Analysts Profitability EPS (Most Recent Fiscal Year)$0.18 Trailing P/E Ratio37.84 Forward P/E Ratio15.48 P/E GrowthN/ANet Income$39.97 million Net Margins6.42% Pretax Margin8.86% Return on Equity13.95% Return on Assets9.02% Debt Debt-to-Equity Ratio0.30 Current Ratio2.62 Quick Ratio1.87 Sales & Book Value Annual Sales$488.94 million Price / Sales2.37 Cash Flow$0.58 per share Price / Cash Flow11.81 Book Value$3.20 per share Price / Book2.13Miscellaneous Outstanding Shares170,420,000Free Float167,574,000Market Cap$1.16 billion OptionableOptionable Beta1.81 Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. Get This Free Report Key ExecutivesMs. Inez Lund (Age 58)Chief Accounting Officer Ms. Jessica UeckerChief Human Resources OfficerMr. Ben MaciasChief Revenue OfficerMr. Alex StuckerSenior VP of Sales & Business DevelopmentMr. John Hass (Age 53)Chief Product Officer Key CompetitorsPower IntegrationsNASDAQ:POWIFormFactorNASDAQ:FORMCredo Technology GroupNASDAQ:CRDOTower SemiconductorNASDAQ:TSEMSilicon LaboratoriesNASDAQ:SLABView All CompetitorsInsiders & InstitutionsDekaBank Deutsche GirozentraleBought 17,203 shares on 6/4/2024Ownership: 0.016%Redwood Grove Capital LLCBought 692,400 shares on 5/23/2024Ownership: 0.406%Swedbank ABBought 2,260,142 shares on 5/21/2024Ownership: 1.326%Virtu Financial LLCBought 91,138 shares on 5/20/2024Ownership: 0.061%Walleye Trading LLCSold 12,400 shares on 5/17/2024Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions SHLS Stock Analysis - Frequently Asked Questions Should I buy or sell Shoals Technologies Group stock right now? 19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shoals Technologies Group in the last year. There are currently 2 sell ratings, 4 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SHLS shares. View SHLS analyst ratings or view top-rated stocks. What is Shoals Technologies Group's stock price target for 2024? 19 equities research analysts have issued 1 year target prices for Shoals Technologies Group's stock. Their SHLS share price targets range from $6.00 to $33.00. On average, they expect the company's share price to reach $17.29 in the next twelve months. This suggests a possible upside of 154.0% from the stock's current price. View analysts price targets for SHLS or view top-rated stocks among Wall Street analysts. How have SHLS shares performed in 2024? Shoals Technologies Group's stock was trading at $15.54 at the start of the year. Since then, SHLS stock has decreased by 56.2% and is now trading at $6.81. View the best growth stocks for 2024 here. When is Shoals Technologies Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024. View our SHLS earnings forecast. How were Shoals Technologies Group's earnings last quarter? Shoals Technologies Group, Inc. (NASDAQ:SHLS) announced its earnings results on Tuesday, May, 7th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. The firm earned $90.81 million during the quarter, compared to analysts' expectations of $94.44 million. Shoals Technologies Group had a trailing twelve-month return on equity of 13.95% and a net margin of 6.42%. What ETFs hold Shoals Technologies Group's stock? ETFs with the largest weight of Shoals Technologies Group (NASDAQ:SHLS) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX), First Trust RBA American Industrial Renaissance ETF (AIRR), Invesco Solar ETF (TAN), Global X Clean Tech ETF (CTEC), Xtrackers US Green Infrastructure Select Equity ETF (UPGR), SPDR S&P Kensho Intelligent Structures ETF (SIMS), Global X Solar ETF (RAYS) and ALPS Clean Energy ETF (ACES). What guidance has Shoals Technologies Group issued on next quarter's earnings? Shoals Technologies Group updated its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $85.0 million-$95.0 million, compared to the consensus revenue estimate of $110.2 million. When did Shoals Technologies Group IPO? Shoals Technologies Group (SHLS) raised $1 billion in an IPO on Wednesday, January 27th 2021. The company issued 50,000,000 shares at a price of $19.00-$21.00 per share. Goldman Sachs, J.P. Morgan, Guggenheim Securities and UBS Investment Bank served as the underwriters for the IPO. Who are Shoals Technologies Group's major shareholders? Shoals Technologies Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.71%), William Blair Investment Management LLC (6.00%), Clearbridge Investments LLC (5.24%), Joho Capital LLC (3.77%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (3.00%) and Swedbank AB (1.33%). Insiders that own company stock include Dean Solon, Jason R Whitaker, Jeffery Tolnar, Mehgan Peetz, Philip A Garton and Ty P Daul. View institutional ownership trends. How do I buy shares of Shoals Technologies Group? Shares of SHLS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:SHLS) was last updated on 6/8/2024 by MarketBeat.com Staff From Our PartnersSecret energy grid to power millions of homesThis high-security, secret U.S. facility has 2,100 engineers, machinists, and technicians building a new type ...Porter & Company | SponsoredBreaking - The US Gov. Seized CITGODo you want an investment that can double or triple your money in the next three months? 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