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Rivian shares gets discounted; shares can move lower 
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The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
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Top-Rated AMD nears major breakout level
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Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
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Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
Better Than Oil Stocks (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
Clear Buy, Sell, or Hold Recommendation on any Stock, FREE (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
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Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
Better Than Oil Stocks (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
NASDAQ:SHLS

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

$14.56
-0.50 (-3.32%)
(As of 02/22/2024 ET)
Today's Range
$14.44
$15.06
50-Day Range
$13.10
$17.02
52-Week Range
$12.11
$28.34
Volume
4.57 million shs
Average Volume
3.43 million shs
Market Capitalization
$2.48 billion
P/E Ratio
17.13
Dividend Yield
N/A
Price Target
$25.50

Shoals Technologies Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.81 Rating Score
Upside/​Downside
75.1% Upside
$25.50 Price Target
Short Interest
Bearish
16.60% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.40mentions of Shoals Technologies Group in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
33.33%
From $0.57 to $0.76 Per Share

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.

3.75 out of 5 stars

Oils/Energy Sector

101st out of 231 stocks

Semiconductors & Related Devices Industry

33rd out of 85 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

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A Closer Look at 5 Analyst Recommendations For Shoals Technologies Gr
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Shoals Technologies Group Inc (SHLS)
Shoals Technologies Group
Shoals Technologies: Well-Positioned For Growth In 2024
13 Most Promising Tech Stocks According to Analysts
Shoals is Facing Headwinds from Destocking
Shoals Technologies initiated with a Buy at Mizuho
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Company Calendar

Last Earnings
11/09/2021
Today
2/22/2024
Next Earnings (Confirmed)
2/28/2024
Fiscal Year End
12/31/2024

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
$25.50
High Stock Price Target
$42.00
Low Stock Price Target
$15.00
Potential Upside/Downside
+75.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.81
Research Coverage
16 Analysts

Profitability

Net Income
$127.61 million
Pretax Margin
33.23%

Debt

Sales & Book Value

Annual Sales
$326.94 million
Cash Flow
$0.33 per share
Book Value
$1.78 per share

Miscellaneous

Free Float
167,217,000
Market Cap
$2.48 billion
Optionable
Optionable
Beta
1.87
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SHLS Stock Analysis - Frequently Asked Questions

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

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shoals Technologies Group in the last year. There are currently 3 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?

16 analysts have issued 12-month price objectives for Shoals Technologies Group's shares. Their SHLS share price targets range from $15.00 to $42.00. On average, they anticipate the company's share price to reach $25.50 in the next year. This suggests a possible upside of 75.1% 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 6.3% and is now trading at $14.56.
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 Wednesday, February 28th 2024.
View our SHLS earnings forecast
.

How can I listen to Shoals Technologies Group's earnings call?

Shoals Technologies Group will be holding an earnings conference call on Wednesday, February 28th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13743350".

How were Shoals Technologies Group's earnings last quarter?

Shoals Technologies Group, Inc. (NASDAQ:SHLS) posted its earnings results on Tuesday, November, 9th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. The company earned $59.84 million during the quarter, compared to analyst estimates of $62.03 million. Shoals Technologies Group had a net margin of 30.01% and a trailing twelve-month return on equity of 19.03%.

When did Shoals Technologies Group IPO?

(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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.62%), Clearbridge Investments LLC (5.28%), Handelsbanken Fonder AB (1.48%), Goldman Sachs Group Inc. (1.30%), First Trust Advisors LP (1.28%) and Franklin Resources Inc. (1.27%). 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 2/23/2024 by MarketBeat.com Staff