Positive News SentimentPositive NewsNASDAQ:SHLS Shoals Technologies Group (SHLS) Stock Forecast, Price & News $18.90 -0.74 (-3.77%) (As of 09/28/2023 ET) Add Compare Share Share Today's Range$18.45▼$19.7650-Day Range$19.09▼$26.9252-Week Range$17.32▼$32.43Volume5.00 million shsAverage Volume2.74 million shsMarket Capitalization$3.21 billionP/E Ratio19.29Dividend 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/Downside58.7% Upside$30.00 Price TargetShort InterestBearish12.35% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.74Based on 4 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.2.61 out of 5 starsOils/Energy Sector60th out of 247 stocksSemiconductors & Related Devices Industry28th out of 89 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 58.7% from its current price of $18.90.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 3.7 News and Social Media Coverage News SentimentShoals Technologies Group has a news sentiment score of 1.74. 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 0.64 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Shoals Technologies Group this week, compared to 3 articles on an average week.Search InterestOnly 11 people have searched for SHLS on MarketBeat in the last 30 days. This is a decrease of -8% compared to the previous 30 days.MarketBeat Follows6 people have added Shoals Technologies Group to their MarketBeat watchlist in the last 30 days. This is an increase of 100% 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 1.67% 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 19.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.40.Price to Earnings Ratio vs. SectorThe P/E ratio of Shoals Technologies Group is 19.29, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 13.92.Price to Book Value per Share RatioShoals Technologies Group has a P/B Ratio of 10.62. 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 15, 2023 | finance.yahoo.comInsider Sell: President Jeffery Tolnar Sells 1,975 Shares of Shoals Technologies Group IncSeptember 28, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.September 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 AugustAugust 21, 2023 | msn.comShoals Technologies: High-Quality Business In A Promising NicheSeptember 28, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.August 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 OfficerJune 13, 2023 | finance.yahoo.comSolar Stock Shines Brightly With 53% Profit Growth ExpectedSee 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 Earnings8/01/2023Today9/28/2023Next 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+58.7%Consensus RatingModerate Buy Rating Score (0-4)2.62 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)$0.98 Trailing P/E Ratio19.29 Forward P/E Ratio37.80 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 / Sales9.82 Cash Flow$0.34 per share Price / Cash Flow55.29 Book Value$1.78 per share Price / Book10.62Miscellaneous Outstanding Shares169,940,000Free Float167,101,000Market Cap$3.21 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 equities research analysts have issued 12 month price objectives for Shoals Technologies Group's stock. Their SHLS share price forecasts range from $20.00 to $42.00. On average, they expect the company's share price to reach $30.00 in the next twelve months. This suggests a possible upside of 58.7% 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 23.4% and is now trading at $18.90. 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) announced its earnings results on Tuesday, August, 1st. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.01. The firm had revenue of $119.21 million for the quarter, compared to analyst estimates of $111.94 million. Shoals Technologies Group had a trailing twelve-month return on equity of 21.69% and a net margin of 37.53%. 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, August, 1st. The company provided earnings per share (EPS) 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." 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 BlackRock Inc. (11.27%), Clearbridge Investments LLC (5.02%), Alliancebernstein L.P. (3.63%), JPMorgan Chase & Co. (2.92%), William Blair Investment Management LLC (2.79%) and Encompass Capital Advisors LLC (2.42%). 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. What is Shoals Technologies Group's stock price today? One share of SHLS stock can currently be purchased for approximately $18.90. How much money does Shoals Technologies Group make? Shoals Technologies Group (NASDAQ:SHLS) has a market capitalization of $3.21 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 9/28/2023 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. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.