Shoals Technologies Group (SHLS) Competitors

$7.51
-1.29 (-14.66%)
(As of 05/8/2024 ET)

SHLS vs. JKS, CSIQ, SPWR, SEDG, WKC, ENVX, RES, KRP, GEL, and GLP

Should you be buying Shoals Technologies Group stock or one of its competitors? The main competitors of Shoals Technologies Group include JinkoSolar (JKS), Canadian Solar (CSIQ), SunPower (SPWR), SolarEdge Technologies (SEDG), World Kinect (WKC), Enovix (ENVX), RPC (RES), Kimbell Royalty Partners (KRP), Genesis Energy (GEL), and Global Partners (GLP). These companies are all part of the "oils/energy" sector.

Shoals Technologies Group vs.

Shoals Technologies Group (NASDAQ:SHLS) and JinkoSolar (NYSE:JKS) are both small-cap oils/energy companies, but which is the superior stock? We will compare the two businesses based on the strength of their risk, community ranking, dividends, institutional ownership, valuation, analyst recommendations, media sentiment, profitability and earnings.

In the previous week, Shoals Technologies Group had 30 more articles in the media than JinkoSolar. MarketBeat recorded 39 mentions for Shoals Technologies Group and 9 mentions for JinkoSolar. Shoals Technologies Group's average media sentiment score of 0.00 beat JinkoSolar's score of -0.20 indicating that Shoals Technologies Group is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Shoals Technologies Group
5 Very Positive mention(s)
3 Positive mention(s)
13 Neutral mention(s)
5 Negative mention(s)
0 Very Negative mention(s)
Neutral
JinkoSolar
1 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Neutral

35.8% of JinkoSolar shares are owned by institutional investors. 0.4% of Shoals Technologies Group shares are owned by company insiders. Comparatively, 19.8% of JinkoSolar shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

Shoals Technologies Group has a beta of 1.86, indicating that its stock price is 86% more volatile than the S&P 500. Comparatively, JinkoSolar has a beta of 0.38, indicating that its stock price is 62% less volatile than the S&P 500.

Shoals Technologies Group has a net margin of 8.18% compared to JinkoSolar's net margin of 2.74%. Shoals Technologies Group's return on equity of 16.02% beat JinkoSolar's return on equity.

Company Net Margins Return on Equity Return on Assets
Shoals Technologies Group8.18% 16.02% 10.18%
JinkoSolar 2.74%11.12%2.81%

JinkoSolar has higher revenue and earnings than Shoals Technologies Group. JinkoSolar is trading at a lower price-to-earnings ratio than Shoals Technologies Group, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Shoals Technologies Group$488.94M2.62$39.97M$0.2530.04
JinkoSolar$16.72B0.08$485.56M$6.413.97

Shoals Technologies Group presently has a consensus price target of $17.35, suggesting a potential upside of 131.06%. JinkoSolar has a consensus price target of $26.60, suggesting a potential upside of 4.60%. Given Shoals Technologies Group's stronger consensus rating and higher possible upside, research analysts clearly believe Shoals Technologies Group is more favorable than JinkoSolar.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Shoals Technologies Group
1 Sell rating(s)
3 Hold rating(s)
13 Buy rating(s)
0 Strong Buy rating(s)
2.71
JinkoSolar
1 Sell rating(s)
5 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
1.83

JinkoSolar received 204 more outperform votes than Shoals Technologies Group when rated by MarketBeat users. Likewise, 55.80% of users gave JinkoSolar an outperform vote while only 48.28% of users gave Shoals Technologies Group an outperform vote.

CompanyUnderperformOutperform
Shoals Technologies GroupOutperform Votes
70
48.28%
Underperform Votes
75
51.72%
JinkoSolarOutperform Votes
274
55.80%
Underperform Votes
217
44.20%

Summary

Shoals Technologies Group beats JinkoSolar on 11 of the 18 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding SHLS and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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SHLS vs. The Competition

MetricShoals Technologies GroupSemiconductors & related devices IndustryEnergy SectorNASDAQ Exchange
Market Cap$1.28B$45.24B$8.06B$7.78B
Dividend YieldN/A2.18%11.51%3.96%
P/E Ratio30.0424.2417.4619.45
Price / Sales2.6213.7695.7579.93
Price / Cash15.1421.5010.8728.62
Price / Book2.355.713.474.39
Net Income$39.97M$928.98M$994.26M$217.65M
7 Day Performance-13.97%2.10%1.56%1.04%
1 Month Performance-29.08%-6.05%-2.45%-2.66%
1 Year Performance-68.85%24.24%7.60%9.46%

Shoals Technologies Group Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
JKS
JinkoSolar
2.6226 of 5 stars
$26.01
+1.2%
$26.60
+2.3%
-46.3%$1.38B$16.72B4.0657,397Gap Down
CSIQ
Canadian Solar
4.2974 of 5 stars
$17.56
+1.2%
$31.78
+81.0%
-52.5%$1.16B$7.61B4.5322,234Gap Down
SPWR
SunPower
3.9899 of 5 stars
$2.33
-1.3%
$4.72
+102.7%
-80.6%$408.59M$1.69B-1.703,480Gap Down
SEDG
SolarEdge Technologies
4.8392 of 5 stars
$58.71
-2.3%
$97.62
+66.3%
-80.3%$3.36B$2.98B130.475,633Analyst Forecast
News Coverage
Gap Down
WKC
World Kinect
2.3271 of 5 stars
$24.51
+2.0%
$26.75
+9.1%
N/A$1.47B$47.71B26.365,289Insider Selling
ENVX
Enovix
2.916 of 5 stars
$9.00
-8.0%
$18.33
+103.7%
-31.9%$1.53B$7.64M-6.72560Gap Down
RES
RPC
3.2327 of 5 stars
$6.80
-0.9%
$7.50
+10.3%
-2.9%$1.46B$1.62B9.712,691Positive News
KRP
Kimbell Royalty Partners
3.3358 of 5 stars
$16.54
+1.3%
$21.00
+27.0%
+4.1%$1.57B$294.07M27.572,020Earnings Report
Dividend Increase
High Trading Volume
GEL
Genesis Energy
1.995 of 5 stars
$13.16
+2.1%
$15.00
+14.0%
+34.5%$1.61B$3.18B38.712,137Earnings Report
GLP
Global Partners
2.3861 of 5 stars
$48.30
+0.1%
$44.00
-8.9%
+50.1%$1.64B$16.49B12.855,060Gap Down

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This page (NASDAQ:SHLS) was last updated on 5/9/2024 by MarketBeat.com Staff

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