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Shoals Technologies Group Stock Price, News & Analysis (NASDAQ:SHLS)

$13.57
-0.23 (-1.67%)
(As of 10:40 AM ET)
Compare
Today's Range
$13.33
$13.77
50-Day Range
$12.95
$20.57
52-Week Range
$12.11
$30.10
Volume
440,396 shs
Average Volume
2.95 million shs
Market Capitalization
$2.31 billion
P/E Ratio
15.96
Dividend Yield
N/A
Price Target
$27.40

Shoals Technologies Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
102.2% Upside
$27.40 Price Target
Short Interest
Bearish
13.62% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.50mentions of Shoals Technologies Group in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$85,723 Sold Last Quarter
Proj. Earnings Growth
42.86%
From $0.56 to $0.80 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.43 out of 5 stars

Oils/Energy Sector

86th out of 235 stocks

Semiconductors & Related Devices Industry

27th out of 83 stocks


SHLS stock logo

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 charging applications in the United States. It produces EBOS components, including cable assemblies, inline fuses, combiners, disconnects, recombiners, wireless monitoring systems, junction boxes, transition enclosures, splice boxes, and wire management solutions. It sells its products principally to engineering, procurement, and construction firms that build solar energy projects. Shoals Technologies Group, Inc. was founded in 1996 and is headquartered in Portland, Tennessee.

SHLS Stock Price History

SHLS Stock News Headlines

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Shoals Technologies initiated with a Buy at Mizuho
Shoals Technologies Group (NASDAQ:SHLS) Trading Down 4.3%
Americans Now Favor Gold Over Stocks as an Investment Vehicle
Americans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges.
Shoals Technologies Is Too Good To Ignore
SPWR, CSIQ and ARRY among pre-market losers
See More Headlines
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Company Calendar

Last Earnings
11/07/2023
Today
11/28/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/27/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:SHLS
Fax
N/A
Employees
835
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$27.40
High Stock Price Target
$42.00
Low Stock Price Target
$18.00
Potential Upside/Downside
+98.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
15 Analysts

Profitability

Net Income
$127.61 million
Pretax Margin
33.23%

Debt

Sales & Book Value

Annual Sales
$326.94 million
Cash Flow
$0.36 per share
Book Value
$1.78 per share

Miscellaneous

Free Float
169,666,000
Market Cap
$2.35 billion
Optionable
Not Optionable
Beta
2.11
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SHLS Stock Analysis - Frequently Asked Questions

Should I buy or sell Shoals Technologies Group stock right now?

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shoals Technologies Group in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities 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?

15 brokers have issued 1-year price objectives for Shoals Technologies Group's stock. Their SHLS share price targets range from $18.00 to $42.00. On average, they predict the company's share price to reach $27.40 in the next twelve months. This suggests a possible upside of 102.2% 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 2023?

Shoals Technologies Group's stock was trading at $24.67 on January 1st, 2023. Since then, SHLS stock has decreased by 45.1% and is now trading at $13.55.
View the best growth stocks for 2023 here
.

When is Shoals Technologies Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our SHLS earnings forecast
.

How were Shoals Technologies Group's earnings last quarter?

Shoals Technologies Group, Inc. (NASDAQ:SHLS) issued its quarterly earnings data on Tuesday, November, 7th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $134.21 million for the quarter, compared to the consensus estimate of $136.65 million. Shoals Technologies Group had a trailing twelve-month return on equity of 19.03% and a net margin of 30.01%.

What guidance has Shoals Technologies Group issued on next quarter's earnings?

Shoals Technologies Group issued an update on its FY 2023 earnings guidance on Tuesday, November, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $485.00 million-$495.00 million, compared to the consensus revenue estimate of $498.89 million.

When did Shoals Technologies Group IPO?

(SHLS) raised $1 billion in an initial public offering 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 acted as the underwriters for the IPO.

Who are Shoals Technologies Group's major shareholders?

Shoals Technologies Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include Clearbridge Investments LLC (5.15%), JPMorgan Chase & Co. (3.75%), Invesco Ltd. (3.69%), William Blair Investment Management LLC (3.49%), Allspring Global Investments Holdings LLC (2.17%) and Eventide Asset Management LLC (1.37%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:SHLS) was last updated on 11/28/2023 by MarketBeat.com Staff

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