Positive News SentimentPositive NewsNASDAQ:SHLS Shoals Technologies Group (SHLS) Stock Forecast, Price & News $18.25 -0.65 (-3.44%) (As of 09/29/2023 08:53 PM ET) Add Compare Share Share Today's Range$18.12▼$19.5750-Day Range$18.25▼$26.9252-Week Range$17.32▼$32.43Volume4.18 million shsAverage Volume2.74 million shsMarket Capitalization$3.10 billionP/E Ratio18.62Dividend YieldN/APrice Target$30.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Shoals Technologies Group MarketRank™ ForecastAnalyst RatingModerate Buy2.62 Rating ScoreUpside/Downside64.4% Upside$30.00 Price TargetShort InterestBearish12.35% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.70Based on 5 Articles This WeekInsider TradingSelling Shares$85,723 Sold Last QuarterProj. Earnings Growth62.00%From $0.50 to $0.81 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.67 out of 5 starsOils/Energy Sector53rd out of 251 stocksSemiconductors & Related Devices Industry25th out of 91 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 2.62, and is based on 9 buy ratings, 3 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $30.00, Shoals Technologies Group has a forecasted upside of 64.4% from its current price of $18.25.Amount of Analyst CoverageShoals Technologies Group has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted12.35% 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 9.Change versus previous monthShort interest in Shoals Technologies Group has recently increased by 13.90%, indicating that investor sentiment is decreasing 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 4.3 News and Social Media Coverage News SentimentShoals Technologies Group has a news sentiment score of 1.70. 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 is a higher news sentiment than the 0.63 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Shoals Technologies Group this week, compared to 3 articles on an average week.Search Interest11 people have searched for SHLS on MarketBeat in the last 30 days. This is an increase of 22% compared to the previous 30 days.MarketBeat Follows5 people have added Shoals Technologies Group to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Shoals Technologies Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $85,723.00 in company stock.Percentage Held by InsidersOnly 0.23% of the stock of Shoals Technologies Group is held by insiders. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Shoals Technologies Group are expected to grow by 62.00% in the coming year, from $0.50 to $0.81 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Shoals Technologies Group is 18.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 107.67.Price to Earnings Ratio vs. SectorThe P/E ratio of Shoals Technologies Group is 18.62, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 11.40.Price to Book Value per Share RatioShoals Technologies Group has a P/B Ratio of 10.25. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Shoals Technologies Group (NASDAQ:SHLS) StockShoals 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.Read More SHLS Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SHLS Stock News HeadlinesSeptember 28, 2023 | marketbeat.comGot Solar? How You Can Play The Industry's Value Chain Perfectly (SHLS)The solar industry's growth places these stocks as the top picks to enjoy all the upside, while also mitigating inherent industry risks.September 30, 2023 | americanbankingnews.comShoals Technologies Group, Inc. (NASDAQ:SHLS) Given Consensus Recommendation of "Moderate Buy" by BrokeragesOctober 2, 2023 | Wall Street Fundamentals (Ad)How is This "Hidden Gem" Thriving in a Turbulent Market?While Wall Street flounders and giants like Amazon & Microsoft lay off thousands... One overlooked company has been quietly achieving over 400% growth. How? By buying, building, and scaling a portfolio of promising brands in high-margin, recession-resistant verticals.September 15, 2023 | finance.yahoo.comInsider Sell: President Jeffery Tolnar Sells 1,975 Shares of Shoals Technologies Group IncSeptember 6, 2023 | msn.comCantor Fitzgerald Upgrades Shoals Technologies Group Inc - (SHLS)September 5, 2023 | markets.businessinsider.comAnalyst Expectations for Shoals Technologies Gr's FutureSeptember 5, 2023 | finance.yahoo.comIs Weakness In Shoals Technologies Group, Inc. (NASDAQ:SHLS) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?August 24, 2023 | finance.yahoo.comThe 3 Best Solar Stocks to Buy in AugustOctober 2, 2023 | Wall Street Fundamentals (Ad)How is This "Hidden Gem" Thriving in a Turbulent Market?While Wall Street flounders and giants like Amazon & Microsoft lay off thousands... One overlooked company has been quietly achieving over 400% growth. How? By buying, building, and scaling a portfolio of promising brands in high-margin, recession-resistant verticals.August 21, 2023 | msn.comShoals Technologies: High-Quality Business In A Promising NicheAugust 21, 2023 | seekingalpha.comShoals Technologies: High-Quality Business In A Promising NicheAugust 9, 2023 | finance.yahoo.comShoals Technologies Group's (NASDAQ:SHLS) Returns On Capital Are Heading HigherAugust 7, 2023 | markets.businessinsider.comAnalysts Offer Insights on Technology Companies: Sea (SE) and Shoals Technologies Group (SHLS)August 2, 2023 | finance.yahoo.comQ2 2023 Shoals Technologies Group Inc Earnings CallAugust 1, 2023 | finance.yahoo.comShoals Technologies Group, Inc. Reports Financial Results for Second Quarter 2023August 1, 2023 | finance.yahoo.comShoals Technologies Group (SHLS) Q2 Earnings and Revenues Top EstimatesJuly 31, 2023 | finance.yahoo.comShoals Technologies Group Announces Commercial Availability and Successful Field Deployments of Snapshot I-V Solar PV Health Monitoring SolutionsJuly 28, 2023 | tmcnet.comShoals Technologies Group Files Motion to Amend Patent Infringement Complaint with ITC, Adding Additional Claims Against Voltage withJuly 28, 2023 | finance.yahoo.comShoals Technologies Group Files Motion to Amend Patent Infringement Complaint with ITC, Adding Additional Claims Against Voltage with New Technology PatentJuly 28, 2023 | finance.yahoo.comShoals Technologies Group Releases 2022 Environmental, Social and Governance (ESG) ReportJuly 17, 2023 | msn.comMorgan Stanley Maintains Shoals Technologies Group Inc - (SHLS) Equal-Weight RecommendationJuly 12, 2023 | finance.yahoo.comShoals Technologies Group, Inc. Announces Second Quarter 2023 Earnings Release Date and Conference CallJuly 6, 2023 | finance.yahoo.comImplied Volatility Surging for Shoals Technologies (SHLS) Stock OptionsJune 26, 2023 | finance.yahoo.comShoals Technologies Stock Hits 80-Plus Relative Strength Rating BenchmarkJune 14, 2023 | benzinga.comShoals Technologies Names New CEOJune 14, 2023 | msn.comShoals Technologies taps Moss as new CEOJune 14, 2023 | finance.yahoo.comShoals Technologies Group, Inc. Appoints Brandon Moss as Chief Executive OfficerSee 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 SHLS Company Calendar Last Earnings8/01/2023Today10/02/2023Next Earnings (Estimated)11/13/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Semiconductors & related devices Sub-IndustryN/A SectorOils/Energy Current SymbolNASDAQ:SHLS CUSIPN/A CIK1831651 Webwww.shoals.com Phone615-451-1400FaxN/AEmployees835Year FoundedN/APrice Target and Rating Average Stock Price Forecast$30.00 High Stock Price Forecast$42.00 Low Stock Price Forecast$20.00 Forecasted Upside/Downside+64.4%Consensus RatingModerate Buy Rating Score (0-4)2.62 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)$0.98 Trailing P/E Ratio18.62 Forward P/E Ratio36.50 P/E GrowthN/ANet Income$127.61 million Net Margins37.53% Pretax Margin44.48% Return on Equity21.69% Return on Assets10.71% Debt Debt-to-Equity Ratio0.39 Current Ratio2.59 Quick Ratio1.71 Sales & Book Value Annual Sales$326.94 million Price / Sales9.49 Cash Flow$0.36 per share Price / Cash Flow50.20 Book Value$1.78 per share Price / Book10.25Miscellaneous Outstanding Shares169,940,000Free Float167,101,000Market Cap$3.10 billion OptionableNot Optionable Beta2.11 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.Get This Free Report Key ExecutivesMr. Jeffery Tolnar (Age 59)Pres Comp: $499.08kMr. Dominic Bardos (Age 57)Chief Financial Officer Comp: $566.2kMs. Mehgan Peetz (Age 41)Gen. Counsel, Chief Legal Officer & Corp. Sec. Comp: $613.32kMr. Brandon Moss (Age 44)Chief Exec. Officer Dhaval PatelVP of Investor RelationsMs. Jessica UeckerChief HR OfficerMr. Ben MaciasChief Revenue OfficerMr. Alex StuckerSr. VP of Sales & Bus. Devel.Mr. John Hass (Age 52)Chief Product Officer More ExecutivesKey CompetitorsCanadian SolarNASDAQ:CSIQJinkoSolarNYSE:JKSSunPowerNASDAQ:SPWRSolarEdge TechnologiesNASDAQ:SEDGKosmos EnergyNYSE:KOSView All CompetitorsInsiders & InstitutionsMehgan PeetzSold 1,990 sharesTotal: $42,944.20 ($21.58/share)Jeffery TolnarSold 1,975 sharesTotal: $42,778.50 ($21.66/share)Alberta Investment Management CorpBought 4,779 shares on 8/24/2023Ownership: 0.075%Wolverine Trading LLCBought 16,200 shares on 8/23/2023Ownership: 0.000%California State Teachers Retirement SystemSold 1,302 shares on 8/21/2023Ownership: 0.121%View All Insider TransactionsView All Institutional Transactions SHLS Stock - Frequently Asked Questions Should I buy or sell Shoals Technologies Group stock right now? 13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shoals Technologies Group in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 9 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 forecast for 2023? 13 analysts have issued twelve-month price objectives for Shoals Technologies Group's shares. Their SHLS share price forecasts range from $20.00 to $42.00. On average, they predict the company's share price to reach $30.00 in the next year. This suggests a possible upside of 64.4% 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 shares have decreased by 26.0% and is now trading at $18.25. 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 Monday, November 13th 2023. View our SHLS earnings forecast. How were Shoals Technologies Group's earnings last quarter? Shoals Technologies Group, Inc. (NASDAQ:SHLS) issued its earnings results on Tuesday, August, 1st. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.01. The firm earned $119.21 million during the quarter, compared to analyst estimates of $111.94 million. Shoals Technologies Group had a net margin of 37.53% and a trailing twelve-month return on equity of 21.69%. What ETFs hold Shoals Technologies Group's stock? ETFs with the largest weight of Shoals Technologies Group (NASDAQ:SHLS) stock in their portfolio include Invesco Solar ETF (TAN), ALPS Clean Energy ETF (ACES), ProShares S&P Kensho Cleantech ETF (CTEX), First Trust RBA American Industrial Renaissance ETF (AIRR), SPDR S&P Kensho Intelligent Structures ETF (SIMS), Global X Clean Tech ETF (CTEC), SPDR Kensho Clean Power ETF (CNRG) and Fidelity Clean Energy ETF (FRNW). What guidance has Shoals Technologies Group issued on next quarter's earnings? Shoals Technologies Group updated its FY 2023 earnings guidance on Tuesday, August, 1st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $480.00 million-$510.00 million, compared to the consensus revenue estimate of $500.06 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 $19.00-$21.00 per share. Goldman Sachs, J.P. Morgan, Guggenheim Securities and UBS Investment Bank served as the underwriters for the IPO. What is Shoals Technologies Group's stock symbol? Shoals Technologies Group trades on the NASDAQ under the ticker symbol "SHLS." 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. What is Shoals Technologies Group's stock price today? One share of SHLS stock can currently be purchased for approximately $18.25. How much money does Shoals Technologies Group make? Shoals Technologies Group (NASDAQ:SHLS) has a market capitalization of $3.10 billion and generates $326.94 million in revenue each year. The company earns $127.61 million in net income (profit) each year or $0.98 on an earnings per share basis. How many employees does Shoals Technologies Group have? The company employs 835 workers across the globe. How can I contact Shoals Technologies Group? Shoals Technologies Group's mailing address is 1400 SHOALS WAY, PORTLAND TN, 37148. The official website for the company is www.shoals.com. The company can be reached via phone at 615-451-1400 or via email at investors@shoals.com. This page (NASDAQ:SHLS) was last updated on 10/2/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Shoals Technologies Group, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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