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 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 S&P 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 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 .

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: 0.50
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

4.4

Analyst's Opinion

Consensus Rating
Shoals Technologies Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 12 buy ratings, 2 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $27.40, Shoals Technologies Group has a forecasted upside of 102.2% from its current price of $13.55.
Amount of Analyst Coverage
Shoals Technologies Group has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
13.62% of the float of Shoals Technologies Group has been sold short.
Short Interest Ratio / Days to Cover
Shoals Technologies Group has a short interest ratio ("days to cover") of 7.3.
Change versus previous month
Short interest in Shoals Technologies Group has recently increased by 16.12%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Shoals Technologies Group does not currently pay a dividend.
Dividend Growth
Shoals Technologies Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SHLS.

1.9

News and Social Media Coverage

News Sentiment
Shoals Technologies Group has a news sentiment score of 0.50. 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 lower news sentiment than the 0.61 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Shoals Technologies Group this week, compared to 3 articles on an average week.
Search Interest
Only 10 people have searched for SHLS on MarketBeat in the last 30 days. This is a decrease of -29% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Shoals Technologies Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -57% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In 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 Insiders
Only 0.23% of the stock of Shoals Technologies Group is held by insiders.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Shoals Technologies Group are expected to grow by 42.86% in the coming year, from $0.56 to $0.80 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Shoals Technologies Group is 15.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.94.
Price to Earnings Ratio vs. Sector
The P/E ratio of Shoals Technologies Group is 15.94, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.18.
Price to Book Value per Share Ratio
Shoals Technologies Group has a P/B Ratio of 7.61. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

SHLS Stock News Headlines

November 22, 2023 | americanbankingnews.com

Shoals Technologies Group (NASDAQ:SHLS) Now Covered by Analysts at Mizuho

November 21, 2023 | msn.com

Mizuho Initiates Coverage of Shoals Technologies Group Inc - (SHLS) with Buy Recommendation

November 28, 2023 | Autonomix (Ad)

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November 21, 2023 | realmoney.thestreet.com

Shoals Technologies initiated with a Buy at Mizuho

November 20, 2023 | americanbankingnews.com

Northland Capmk Weighs in on Shoals Technologies Group, Inc.'s Q4 2023 Earnings (NASDAQ:SHLS)

November 19, 2023 | americanbankingnews.com

Shoals Technologies Group (NASDAQ:SHLS) Trading Down 4.3%

November 19, 2023 | americanbankingnews.com

Shoals Technologies Group, Inc. (NASDAQ:SHLS) Given Consensus Rating of "Moderate Buy" by Brokerages

November 18, 2023 | americanbankingnews.com

Equities Analysts Set Expectations for Shoals Technologies Group, Inc.'s FY2023 Earnings (NASDAQ:SHLS)

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November 16, 2023 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Shoals Technologies Group (SHLS) and Luna Innovations (LUNA)

November 14, 2023 | finance.yahoo.com

Robert Karr's Joho Capital Makes a Bold Move with NEXTracker Inc, Holding 6.46% Stake

November 8, 2023 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Shoals Technologies Group (SHLS), AUTO1 Group SE (OtherATOGF) and Ebay (EBAY)

November 8, 2023 | finance.yahoo.com

Shoals Technologies Group, Inc. (NASDAQ:SHLS) Q3 2023 Earnings Call Transcript

November 7, 2023 | seekingalpha.com

Shoals Technologies Is Too Good To Ignore

October 25, 2023 | finance.yahoo.com

Shoals Technologies to Deploy Fuel by Shoals® eMobility Solution for Department of the Air Force

October 20, 2023 | msn.com

JP Morgan Maintains Shoals Technologies Group Inc - (SHLS) Overweight Recommendation

October 20, 2023 | msn.com

Exane BNP Paribas Initiates Coverage of Shoals Technologies Group Inc - (SHLS) with Outperform Recommendation

October 20, 2023 | seekingalpha.com

SPWR, CSIQ and ARRY among pre-market losers

October 19, 2023 | msn.com

Citigroup Maintains Shoals Technologies Group Inc - (SHLS) Buy Recommendation

October 12, 2023 | finance.yahoo.com

Buy These 2 Beaten-Down Stocks, Goldman Sachs Says, Forecasting up to 130% Upside

October 11, 2023 | msn.com

Goldman Sachs Upgrades Shoals Technologies Group Inc - (SHLS)

October 11, 2023 | msn.com

Shoals Technologies raised to Buy at Goldman on strong margins, valuation

October 11, 2023 | investing.com

Goldman Sachs sees potential 85% upside in Shoals Technologies shares

October 11, 2023 | msn.com

Shoals Technologies Stock Is a Buy, Goldman Says. Here's Why.

October 11, 2023 | finance.yahoo.com

Shoals Technologies Stock Is a Buy, Goldman Says. Margins Can Grow, Valuation Is Cheap.

October 7, 2023 | msn.com

Piper Sandler Upgrades Shoals Technologies Group Inc - (SHLS)

October 6, 2023 | za.investing.com

Shoals Technologies lifted at Piper Sandler following pullback

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

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Semiconductors & related devices
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NASDAQ:SHLS
CUSIP: N/A
CIK: 1831651
Web: www.shoals.com
Phone: 615-451-1400
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

EPS (Most Recent Fiscal Year): $0.85
Trailing P/E Ratio: 16.24
Forward P/E Ratio: 24.64
P/E Growth: N/A
Net Income: $127.61 million
Net Margins: 30.01%
Pretax Margin: 33.23%
Return on Equity: 19.03%
Return on Assets: 11.56%

Debt

Debt-to-Equity Ratio: 0.36
Current Ratio: 2.54
Quick Ratio: 1.82

Sales & Book Value

Annual Sales: $326.94 million
Price / Sales: 7.18
Cash Flow: $0.36 per share
Price / Cash Flow: 38.87
Book Value: $1.78 per share
Price / Book: 7.75

Miscellaneous

Outstanding Shares: 170,060,000
Free Float: 169,666,000
Market Cap: $2.35 billion
Optionable: Not Optionable
Beta: 2.11

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Key Executives

Mr. Jeffery Tolnar (Age 59)
President
Comp: $499.08k
Mr. Dominic Bardos (Age 57)
Chief Financial Officer
Comp: $566.2k
Ms. Mehgan Peetz (Age 41)
General Counsel, Chief Legal Officer & Corporate Secretary
Comp: $613.32k
Mr. Brandon Moss (Age 44)
Chief Executive Officer
Ms. Jessica Uecker
Chief Human Resources Officer
Mr. Ben Macias
Chief Revenue Officer
Mr. Alex Stucker
Senior VP of Sales & Business Development
Mr. John Hass (Age 52)
Chief Product Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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

Shoals Technologies Group MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Shoals Technologies Group Stock (NASDAQ:SHLS)

SHLS Stock Price History

SHLS Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

SHLS Stock Analysis - Frequently Asked Questions

Overall MarketRank^™