Most-Downgraded StocksMost-DowngradedNASDAQ:SHLS Shoals Technologies Group (SHLS) Stock Price, News & Analysis $6.73 -0.01 (-0.15%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$6.63▼$6.9450-Day Range$5.95▼$8.2952-Week Range$5.69▼$27.86Volume2.60 million shsAverage Volume4.81 million shsMarket Capitalization$1.15 billionP/E Ratio37.39Dividend YieldN/APrice Target$15.06 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Shoals Technologies Group alerts: Email Address Shoals Technologies Group MarketRank™ Stock AnalysisAnalyst RatingHold2.47 Rating ScoreUpside/Downside123.8% Upside$15.06 Price TargetShort InterestBearish15.54% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.25Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth36.36%From $0.44 to $0.60 Per ShareSee Full Details Hide Full Details 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.3.42 out of 5 starsOils/Energy Sector115th out of 248 stocksSemiconductors & Related Devices Industry42nd out of 89 stocks 4.2 Analyst's Opinion Consensus RatingShoals Technologies Group has received a consensus rating of Hold. The company's average rating score is 2.47, and is based on 12 buy ratings, 4 hold ratings, and 3 sell ratings.Amount of Analyst CoverageShoals Technologies Group has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Shoals Technologies Group's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted15.54% 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 4.3.Change versus previous monthShort interest in Shoals Technologies Group has recently decreased by 4.67%, 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 2.4 News and Social Media Coverage News SentimentShoals Technologies Group has a news sentiment score of 0.25. 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 0.50 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 6 articles on an average week.Search Interest16 people have searched for SHLS on MarketBeat in the last 30 days. This is an increase of 60% compared to the previous 30 days.MarketBeat Follows7 people have added Shoals Technologies Group to their MarketBeat watchlist in the last 30 days. This is an increase of 17% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Shoals Technologies Group insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.67% of the stock of Shoals Technologies Group is held by insiders.Read more about Shoals Technologies Group's insider trading history. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Shoals Technologies Group are expected to grow by 36.36% in the coming year, from $0.44 to $0.60 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Shoals Technologies Group is 37.39, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.44.Price to Earnings Ratio vs. SectorThe P/E ratio of Shoals Technologies Group is 37.39, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.46.Price to Book Value per Share RatioShoals Technologies Group has a P/B Ratio of 2.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Shoals Technologies Group's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Weiss RatingsThe next companies to potentially benefit thanks to Nvidia are …Nvidia is pivoting to a new $1 trillion Superproject that could revolutionize the AI industry… again. And it’s enlisting a whole new set of partners.Click here to learn more. 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 (EV) charging applications in the United States and internationally. The company designs, manufactures, and sells system solutions for both homerun and combine-as-you-go wiring architectures, as well as offers technical support services. It provides EBOS components, including combiners; plug-n-play branch connectors and inline fuses; AC disconnects; recombiners; wireless monitoring; junction boxes; wire management; EV power cabinets; and battery energy storage systems cabinets, as well as cable assemblies, transition enclosures, and splice boxes. In addition, the company offers eMobility solutions, such as a power center, which combines equipment needed to protect the charging equipment and transform voltage levels from the electric utility to those needed on the respective site; quick connect solutions for chargers to connect to the Shoals system; big lead assembly (BLA) technology in the EV space to connect multiple chargers to a single power center; and a raceway system that protects the above ground EV BLAs in walk over and drive over applications. Further, it provides Snapshot IV, a solar operations and maintenance solution that monitors the specific voltage and current of individual solar panels and compares the results against the manufacturer's projected performance. The company sells its products to engineering, procurement, and construction firms that build solar energy projects; utilities; solar developers, independent power producers; solar module manufacturers; and charge point operators. Shoals Technologies Group, Inc. was founded in 1996 and is headquartered in Portland, Tennessee.Read More SHLS Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SHLS Stock News HeadlinesJuly 25 at 3:23 PM | 247wallst.comShoals Technologies Group Inc - Class AJuly 20, 2024 | americanbankingnews.comBarclays Lowers Shoals Technologies Group (NASDAQ:SHLS) Price Target to $10.00July 26, 2024 | Unstoppable Prosperity (Ad)“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.July 19, 2024 | markets.businessinsider.comDeep Dive Into Shoals Technologies Gr Stock: Analyst Perspectives (13 Ratings)July 19, 2024 | americanbankingnews.comUBS Group Lowers Shoals Technologies Group (NASDAQ:SHLS) Price Target to $12.00July 18, 2024 | americanbankingnews.comShoals Technologies Group (NASDAQ:SHLS) PT Raised to $23.00July 16, 2024 | investorplace.com3 Renewable Energy Stocks to Buy at 52-Week Lows in JulyJuly 15, 2024 | globenewswire.comShoals Technologies Group, Inc. Announces Second Quarter 2024 Earnings Release Date and Conference CallJuly 26, 2024 | Unstoppable Prosperity (Ad)“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.June 27, 2024 | investorplace.com3 Solar Stocks to Buy on the Dip: June 2024June 24, 2024 | investorplace.com3 Renewable Energy Stocks That Could Make Your Grandchildren RichJune 21, 2024 | investorplace.com3 Solar Stocks to Buy Now: June 2024June 17, 2024 | globenewswire.comShoals Technologies Group to Launch Global Suite of Solutions at Intersolar EuropeJune 13, 2024 | globenewswire.comShoals Technologies Group, Inc. to Host 2024 Inaugural Investor DayJune 11, 2024 | benzinga.comShoals Technologies, Affirm Holdings, Apple And Other Big Stocks Moving Higher On TuesdayMay 31, 2024 | globenewswire.comShoals Technologies Group, Inc. Announces Participation in Upcoming Investor EventsMay 29, 2024 | finance.yahoo.comAt US$7.95, Is Shoals Technologies Group, Inc. (NASDAQ:SHLS) Worth Looking At Closely?May 23, 2024 | markets.businessinsider.comNotice to Current Long-Term Shoals Technologies Group, Inc. (SHLS) ShareholdersSee 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 Company Calendar Last Earnings5/07/2024Today7/26/2024Next Earnings (Confirmed)8/06/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorOils/Energy Industry Semiconductors & related devices Sub-IndustryElectronic Equipment Current SymbolNASDAQ:SHLS CUSIPN/A CIK1831651 Webwww.shoals.com Phone615-451-1400FaxN/AEmployees1,309Year FoundedN/APrice Target and Rating Average Stock Price Target$15.06 High Stock Price Target$33.00 Low Stock Price Target$5.00 Potential Upside/Downside+118.6%Consensus RatingHold Rating Score (0-4)2.47 Research Coverage19 Analysts Profitability EPS (Most Recent Fiscal Year)$0.18 Trailing P/E Ratio38.28 Forward P/E Ratio15.66 P/E GrowthN/ANet Income$39.97 million Net Margins6.42% Pretax Margin8.86% Return on Equity13.95% Return on Assets9.02% Debt Debt-to-Equity Ratio0.30 Current Ratio2.62 Quick Ratio1.87 Sales & Book Value Annual Sales$488.94 million Price / Sales2.40 Cash Flow$0.62 per share Price / Cash Flow11.14 Book Value$3.20 per share Price / Book2.15Miscellaneous Outstanding Shares170,420,000Free Float167,574,000Market Cap$1.17 billion OptionableOptionable Beta1.76 7 Stocks to Buy And Hold ForeverClick the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. Get This Free Report Key ExecutivesMs. Inez Lund (Age 58)Chief Accounting Officer Ms. Jessica UeckerChief Human Resources OfficerMr. Ben MaciasChief Revenue OfficerMr. Alex StuckerSenior VP of Sales & Business DevelopmentMr. John Hass (Age 53)Chief Product Officer Key CompetitorsImpinjNASDAQ:PISiTimeNASDAQ:SITMWolfspeedNYSE:WOLFNapco Security TechnologiesNASDAQ:NSSCIchorNASDAQ:ICHRView All CompetitorsInsiders & InstitutionsBank of New York Mellon CorpSold 35,436 shares on 7/26/2024Ownership: 0.399%1620 Investment Advisors Inc.Bought 8,663 shares on 7/23/2024Ownership: 0.005%Harel Insurance Investments & Financial Services Ltd.Bought 21,662 shares on 7/22/2024Ownership: 0.024%Pallas Capital Advisors LLCBought 13,569 shares on 7/22/2024Ownership: 0.008%Sumitomo Mitsui Trust Holdings Inc.Sold 301,039 shares on 7/19/2024Ownership: 0.043%View All Insider TransactionsView All Institutional Transactions SHLS Stock Analysis - Frequently Asked Questions How have SHLS shares performed this year? Shoals Technologies Group's stock was trading at $15.54 at the start of the year. Since then, SHLS shares have decreased by 56.7% and is now trading at $6.73. View the best growth stocks for 2024 here. How were Shoals Technologies Group's earnings last quarter? Shoals Technologies Group, Inc. (NASDAQ:SHLS) posted its earnings results on Tuesday, May, 7th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.01. The business earned $90.81 million during the quarter, compared to the consensus estimate of $94.44 million. Shoals Technologies Group had a net margin of 6.42% and a trailing twelve-month return on equity of 13.95%. When did Shoals Technologies Group IPO? Shoals Technologies Group (SHLS) raised $1 billion in an initial public offering (IPO) 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. Who are Shoals Technologies Group's major shareholders? Top institutional investors of Shoals Technologies Group include Swedbank AB (0.78%), M&G Plc (0.69%), Bank of New York Mellon Corp (0.40%) and Assenagon Asset Management S.A. (0.28%). Insiders that own company stock include Dean Solon, Jason R Whitaker, Mehgan Peetz, Jeffery Tolnar, Ty P Daul and Philip A Garton. 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 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. 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