NASDAQ:SHLS

Shoals Technologies Group (SHLS) Stock Forecast, Price & News

$18.90

-0.74 (-3.77%)

(As of 09/28/2023 ET)

Compare

Today's Range: $18.45
▼
$19.76
50-Day Range: $19.09
▼
$26.92
52-Week Range: $17.32
▼
$32.43

Volume: 5.00 million shs
Average Volume: 2.74 million shs
Market Capitalization: $3.21 billion

P/E Ratio: 19.29
Dividend Yield: N/A
Price Target: $30.00

Shoals Technologies Group MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.62 Rating Score
Upside/Downside: 58.7% Upside
$30.00 Price Target
Short Interest: Bearish
12.35% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.74
Based on 4 Articles This Week
Insider Trading: Selling Shares
$85,723 Sold Last Quarter
Proj. Earnings Growth: 62.00%
From $0.50 to $0.81 Per Share

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 stars

Oils/Energy Sector

60th out of 247 stocks

Semiconductors & Related Devices Industry

28th out of 89 stocks

4.3

Analyst's Opinion

Consensus Rating
Shoals 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/Downside
According 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 Coverage
Shoals Technologies Group has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
12.35% 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 9.
Change versus previous month
Short interest in Shoals Technologies Group has recently increased by 13.90%, 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.

3.7

News and Social Media Coverage

News Sentiment
Shoals 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 Week
MarketBeat has tracked 4 news articles for Shoals Technologies Group this week, compared to 3 articles on an average week.
Search Interest
Only 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 Follows
6 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.

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 1.67% 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 62.00% in the coming year, from $0.50 to $0.81 per share.
Price to Earnings Ratio vs. the Market
The 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. Sector
The 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 Ratio
Shoals 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.

See Top Rated MarketRank™ Stocks Here

About Shoals Technologies Group (NASDAQ:SHLS) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

SHLS Stock News Headlines

September 28, 2023 | marketbeat.com

Got 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.com

Insider Sell: President Jeffery Tolnar Sells 1,975 Shares of Shoals Technologies Group Inc

September 28, 2023 | Behind the Markets (Ad)

BREAKING: Tiny biotech successfully treats blindness

There'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.com

Cantor Fitzgerald Upgrades Shoals Technologies Group Inc - (SHLS)

September 5, 2023 | markets.businessinsider.com

Analyst Expectations for Shoals Technologies Gr's Future

September 5, 2023 | finance.yahoo.com

Is 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.com

The 3 Best Solar Stocks to Buy in August

August 21, 2023 | msn.com

Shoals Technologies: High-Quality Business In A Promising Niche

September 28, 2023 | Behind the Markets (Ad)

BREAKING: Tiny biotech successfully treats blindness

August 21, 2023 | seekingalpha.com

Shoals Technologies: High-Quality Business In A Promising Niche

August 9, 2023 | finance.yahoo.com

Shoals Technologies Group's (NASDAQ:SHLS) Returns On Capital Are Heading Higher

August 7, 2023 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Sea (SE) and Shoals Technologies Group (SHLS)

August 2, 2023 | finance.yahoo.com

Q2 2023 Shoals Technologies Group Inc Earnings Call

August 1, 2023 | finance.yahoo.com

Shoals Technologies Group, Inc. Reports Financial Results for Second Quarter 2023

August 1, 2023 | finance.yahoo.com

Shoals Technologies Group (SHLS) Q2 Earnings and Revenues Top Estimates

July 31, 2023 | finance.yahoo.com

Shoals Technologies Group Announces Commercial Availability and Successful Field Deployments of Snapshot I-V Solar PV Health Monitoring Solutions

July 28, 2023 | tmcnet.com

Shoals Technologies Group Files Motion to Amend Patent Infringement Complaint with ITC, Adding Additional Claims Against Voltage with

July 28, 2023 | finance.yahoo.com

Shoals Technologies Group Files Motion to Amend Patent Infringement Complaint with ITC, Adding Additional Claims Against Voltage with New Technology Patent

July 28, 2023 | finance.yahoo.com

Shoals Technologies Group Releases 2022 Environmental, Social and Governance (ESG) Report

July 17, 2023 | msn.com

Morgan Stanley Maintains Shoals Technologies Group Inc - (SHLS) Equal-Weight Recommendation

July 12, 2023 | finance.yahoo.com

Shoals Technologies Group, Inc. Announces Second Quarter 2023 Earnings Release Date and Conference Call

July 6, 2023 | finance.yahoo.com

Implied Volatility Surging for Shoals Technologies (SHLS) Stock Options

June 26, 2023 | finance.yahoo.com

Shoals Technologies Stock Hits 80-Plus Relative Strength Rating Benchmark

June 14, 2023 | benzinga.com

Shoals Technologies Names New CEO

June 14, 2023 | msn.com

Shoals Technologies taps Moss as new CEO

June 14, 2023 | finance.yahoo.com

Shoals Technologies Group, Inc. Appoints Brandon Moss as Chief Executive Officer

June 13, 2023 | finance.yahoo.com

Solar Stock Shines Brightly With 53% Profit Growth Expected

See More Headlines

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SHLS Company Calendar

Last Earnings: 8/01/2023
Today: 9/28/2023
Next Earnings (Estimated): 11/13/2023
Fiscal Year End: 12/31/2023

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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 Forecast: $30.00
High Stock Price Forecast: $42.00
Low Stock Price Forecast: $20.00
Forecasted Upside/Downside: +58.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.62
Research Coverage: 13 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.98
Trailing P/E Ratio: 19.29
Forward P/E Ratio: 37.80
P/E Growth: N/A
Net Income: $127.61 million
Net Margins: 37.53%
Pretax Margin: 44.48%
Return on Equity: 21.69%
Return on Assets: 10.71%

Debt

Debt-to-Equity Ratio: 0.39
Current Ratio: 2.59
Quick Ratio: 1.71

Sales & Book Value

Annual Sales: $326.94 million
Price / Sales: 9.82
Cash Flow: $0.34 per share
Price / Cash Flow: 55.29
Book Value: $1.78 per share
Price / Book: 10.62

Miscellaneous

Outstanding Shares: 169,940,000
Free Float: 167,101,000
Market Cap: $3.21 billion
Optionable: Not Optionable
Beta: 2.11

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Key Executives

Mr. Jeffery Tolnar (Age 59)
Pres
Comp: $499.08k

Mr. Dominic Bardos (Age 57)
Chief Financial Officer
Comp: $566.2k

Ms. Mehgan Peetz (Age 41)
Gen. Counsel, Chief Legal Officer & Corp. Sec.
Comp: $613.32k

Mr. Brandon Moss (Age 44)
Chief Exec. Officer

Dhaval Patel
VP of Investor Relations

Ms. Jessica Uecker
Chief HR Officer

Mr. Ben Macias
Chief Revenue Officer

Mr. Alex Stucker
Sr. VP of Sales & Bus. Devel.

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 - 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

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