NASDAQ:SHLS Shoals Technologies Group (SHLS) Stock Forecast, Price & News $24.17 -0.11 (-0.45%) (As of 10:58 AM ET) Add Compare Share Share Today's Range$23.84▼$25.0550-Day Range$18.12▼$24.7152-Week Range$13.92▼$32.43Volume306,868 shsAverage Volume3.05 million shsMarket Capitalization$4.10 billionP/E Ratio26.56Dividend YieldN/APrice Target$31.34 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Shoals Technologies Group MarketRank™ ForecastAnalyst RatingModerate Buy2.54 Rating ScoreUpside/Downside29.4% Upside$31.34 Price TargetShort InterestHealthy7.66% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.19Based on 9 Articles This WeekInsider TradingSelling Shares$598.27 M Sold Last QuarterProj. Earnings Growth73.47%From $0.49 to $0.85 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.3.17 out of 5 starsOils/Energy Sector19th out of 494 stocksSemiconductors & Related Devices Industry3rd out of 178 stocks 4.3 Analyst's Opinion Consensus RatingShoals Technologies Group has received a consensus rating of Buy. The company's average rating score is 2.54, and is based on 8 buy ratings, 4 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $31.34, Shoals Technologies Group has a forecasted upside of 29.4% from its current price of $24.22.Amount of Analyst CoverageShoals Technologies Group has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted7.66% 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 3.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Shoals Technologies Group has recently decreased by 0.79%, indicating that investor sentiment is improving. 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 4.0 News and Social Media Coverage News SentimentShoals Technologies Group has a news sentiment score of 1.19. 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 0.56 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 9 news articles for Shoals Technologies Group this week, compared to 4 articles on an average week.Search Interest24 people have searched for SHLS on MarketBeat in the last 30 days. This is an increase of 41% compared to the previous 30 days.MarketBeat Follows12 people have added Shoals Technologies Group to their MarketBeat watchlist in the last 30 days. This is an increase of 140% compared to the previous 30 days. Previous Next 2.5 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 $598,266,559.00 in company stock.Percentage Held by InsidersOnly 1.67% of the stock of Shoals Technologies Group is held by insiders.Percentage Held by Institutions81.94% of the stock of Shoals Technologies Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Shoals Technologies Group are expected to grow by 73.47% in the coming year, from $0.49 to $0.85 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Shoals Technologies Group is 26.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.79.Price to Earnings Ratio vs. SectorThe P/E ratio of Shoals Technologies Group is 26.62, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 51.39.Price to Book Value per Share RatioShoals Technologies Group has a P/B Ratio of 8.13. 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 for solar energy projects 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, wire management solutions, and IV curve benchmarking devices. The company also sells EV Charging solutions for public and fleet electric vehicle charging stations; and EBOS systems. It sells its products principally to engineering, procurement, and construction firms that build solar energy projects and install electric vehicle charging stations. Shoals Technologies Group, Inc. was founded in 1996 and is headquartered in Portland, Tennessee.Read More 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 Stock News HeadlinesMay 13, 2023 | marketbeat.comMarketBeat Week in Review – 5/8 - 5/12 (SHLS)Inflation, bank woes, interest rates, and the debt ceiling led to more of the new normal for equity markets. Here are some of this week's most popular articlesMay 9, 2023 | marketbeat.comShoals Technology is an EV and Solar Play Just Getting StartedShoals Technologies Group Inc. (NASDAQ: SHLS) is an electrical balance of system (EBOS) solutions provider for the solar, energy storage, and electric vehicleJune 2, 2023 | Edge On The Street (Ad)How to Invest in AI's Fast-Growing MarketThe AI market stands at $160 billion in 2023. Estimates are the AI market will grow 20-fold to $1.8 TRILLION by 2030. One little-known company is looking to win big with a new network technology no one else has. AI could explode... and soon.June 2, 2023 | americanbankingnews.comBrokerages Set Shoals Technologies Group, Inc. (NASDAQ:SHLS) PT at $31.34May 30, 2023 | msn.comShoals Technologies: Product Innovation Fostering GrowthMay 26, 2023 | finance.yahoo.comShould You Be Adding Shoals Technologies Group (NASDAQ:SHLS) To Your Watchlist Today?May 11, 2023 | americanbankingnews.comShoals Technologies Group (NASDAQ:SHLS) PT Raised to $35.00 at Truist FinancialMay 11, 2023 | fxstreet.comShoals technologies is an EV and Solar play just getting startedJune 2, 2023 | Edge On The Street (Ad)How to Invest in AI's Fast-Growing MarketThe AI market stands at $160 billion in 2023. Estimates are the AI market will grow 20-fold to $1.8 TRILLION by 2030. One little-known company is looking to win big with a new network technology no one else has. AI could explode... and soon.May 11, 2023 | americanbankingnews.comShoals Technologies Group (NASDAQ:SHLS) Shares Gap Up After Analyst UpgradeMay 10, 2023 | msn.comGuggenheim Upgrades Shoals Technologies Group Inc - (SHLS)May 10, 2023 | finance.yahoo.comThe one-year returns for Shoals Technologies Group's (NASDAQ:SHLS) shareholders have been strong, yet its earnings growth was even betterMay 10, 2023 | americanbankingnews.comShoals Technologies Group (NASDAQ:SHLS) Upgraded to Outperform at Northland SecuritiesMay 9, 2023 | msn.comTruist Securities Maintains Shoals Technologies Group Inc - (SHLS) Buy RecommendationMay 9, 2023 | msn.comCantor Fitzgerald Maintains Shoals Technologies Group Inc - (SHLS) Neutral RecommendationMay 9, 2023 | markets.businessinsider.comThe Latest Analyst Ratings for Shoals Technologies GrMay 9, 2023 | markets.businessinsider.comPiper Sandler Keeps Their Hold Rating on Shoals Technologies Group (SHLS)May 9, 2023 | finance.yahoo.comShoals Technologies Shines as Earnings Smash Expectations. Stock Soars Amid Sunny Outlook.May 9, 2023 | americanbankingnews.comCantor Fitzgerald Cuts Shoals Technologies Group (NASDAQ:SHLS) Price Target to $27.00May 9, 2023 | americanbankingnews.comShoals Technologies Group (NASDAQ:SHLS) Rating Increased to Buy at GuggenheimMay 9, 2023 | markets.businessinsider.comShoals Technologies Group (SHLS) Gets a Hold from Goldman SachsMay 8, 2023 | finance.yahoo.comShoals Technologies Group (SHLS) Surpasses Q1 Earnings and Revenue EstimatesMay 8, 2023 | seekingalpha.comShoals Technologies Group, Inc. (SHLS) Q1 2023 Earnings Call TranscriptMay 8, 2023 | msn.comShoals Technologies Stock Is Moving Higher After Hours: Here's WhyMay 8, 2023 | finance.yahoo.comShoals Technologies Group, Inc. Reports Financial Results for First Quarter 2023May 6, 2023 | americanbankingnews.comAnalysts Set Shoals Technologies Group, Inc. (NASDAQ:SHLS) Price Target at $31.23May 4, 2023 | finance.yahoo.comShoals Technologies Group Files Patent Infringement Complaint with ITC Against Hikam and VoltageSee More Headlines SHLS Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SHLS Company Calendar Last Earnings11/09/2021Today6/02/2023Next Earnings (Estimated)8/21/2023Fiscal 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/AEmployees697Year FoundedN/APrice Target and Rating Average Stock Price Forecast$31.34 High Stock Price Forecast$41.00 Low Stock Price Forecast$19.00 Forecasted Upside/Downside+29.1%Consensus RatingModerate Buy Rating Score (0-4)2.54 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)$0.91 Trailing P/E Ratio26.68 Forward P/E Ratio49.55 P/E GrowthN/ANet Income$127.61 million Net Margins38.26% Pretax Margin45.58% Return on Equity29.36% Return on Assets10.13% Debt Debt-to-Equity Ratio0.46 Current Ratio2.83 Quick Ratio1.69 Sales & Book Value Annual Sales$326.94 million Price / Sales12.61 Cash Flow$0.38 per share Price / Cash Flow64.62 Book Value$2.98 per share Price / Book8.15Miscellaneous Outstanding Shares169,820,000Free Float166,984,000Market Cap$4.12 billion OptionableNot Optionable Beta2.09 Key ExecutivesMr. Jason R. Whitaker (Age 43)CEO & Director Comp: $684.72kMr. Jeffery TolnarPresMs. Mehgan Peetz (Age 41)Gen. Counsel, Chief Legal Officer & Corp. Sec. Comp: $472.52kMr. Dominic Bardos (Age 58)Chief Financial Officer Mr. John Joseph White Jr. (Age 57)Chief Operating Officer Mr. Alan D. Neal (Age 62)Chief Technology Officer Ms. Jessica UeckerChief HR OfficerMr. Ben MaciasChief Revenue OfficerMr. Alex StuckerSr. VP of Sales & Bus. Devel.Mr. Kent MillerSr. VPMore ExecutivesKey CompetitorsCanadian SolarNASDAQ:CSIQJinkoSolarNYSE:JKSSunPowerNASDAQ:SPWRMaxeon Solar TechnologiesNASDAQ:MAXNBraskemNYSE:BAKView All CompetitorsInsiders & InstitutionsMacquarie Group Ltd.Sold 164,358 shares on 6/1/2023Ownership: 0.955%Prelude Capital Management LLCBought 4,409 shares on 6/1/2023Ownership: 0.018%ProShare Advisors LLCBought 9,503 shares on 5/26/2023Ownership: 0.016%Royce & Associates LPBought 34,000 shares on 5/23/2023Ownership: 0.060%Ameriprise Financial Inc.Bought 28,537 shares on 5/22/2023Ownership: 0.233%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 year. There are currently 1 sell rating, 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SHLS shares. View SHLS analyst ratings or view top-rated stocks. What is Shoals Technologies Group's stock price forecast for 2023? 13 Wall Street research analysts have issued twelve-month price objectives for Shoals Technologies Group's stock. Their SHLS share price forecasts range from $19.00 to $41.00. On average, they anticipate the company's stock price to reach $31.34 in the next year. This suggests a possible upside of 29.1% 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 2023? Shoals Technologies Group's stock was trading at $24.67 at the beginning of the year. Since then, SHLS stock has decreased by 1.6% and is now trading at $24.28. 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, August 21st 2023. View our SHLS earnings forecast. How were Shoals Technologies Group's earnings last quarter? Shoals Technologies Group, Inc. (NASDAQ:SHLS) issued its quarterly earnings results on Tuesday, November, 9th. The company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.01. The firm earned $59.84 million during the quarter, compared to analyst estimates of $62.03 million. Shoals Technologies Group had a trailing twelve-month return on equity of 29.36% and a net margin of 38.26%. 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), ProShares S&P Kensho Cleantech ETF (CTEX), ALPS Clean Energy ETF (ACES), SPDR S&P Kensho Clean Power ETF (CNRG), SPDR S&P Kensho Intelligent Structures ETF (SIMS), First Trust RBA American Industrial Renaissance ETF (AIRR), Global X Clean Tech ETF (CTEC) 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 Monday, May, 8th. 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 $489.03 million. 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. 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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.61%), Clearbridge Investments LLC (4.41%), Wellington Management Group LLP (3.51%), State Street Corp (2.34%), Pictet Asset Management SA (2.27%) and JPMorgan Chase & Co. (2.07%). 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 $24.28. How much money does Shoals Technologies Group make? Shoals Technologies Group (NASDAQ:SHLS) has a market capitalization of $4.12 billion and generates $326.94 million in revenue each year. The company earns $127.61 million in net income (profit) each year or $0.91 on an earnings per share basis. How many employees does Shoals Technologies Group have? The company employs 697 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 6/2/2023 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. 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. 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