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

$7.60
-0.04 (-0.52%)
(As of 02:57 PM ET)
Today's Range
$7.48
$7.72
50-Day Range
$6.41
$12.71
52-Week Range
$6.28
$28.34
Volume
5.21 million shs
Average Volume
4.33 million shs
Market Capitalization
$1.30 billion
P/E Ratio
42.22
Dividend Yield
N/A
Price Target
$17.29

Shoals Technologies Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
128.2% Upside
$17.29 Price Target
Short Interest
Bearish
13.77% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.18mentions of Shoals Technologies Group in the last 14 days
Based on 15 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
34.09%
From $0.44 to $0.59 Per Share

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.

3.26 out of 5 stars

Oils/Energy Sector

110th out of 241 stocks

Semiconductors & Related Devices Industry

40th out of 86 stocks

SHLS stock logo

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.

SHLS Stock Price History

SHLS Stock News Headlines

Shoals Technologies: Market And Warranty Update
Shoals Technologies Group (NASDAQ:SHLS) Trading Down 3.4%
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
5/23/2024
Next Earnings (Estimated)
8/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:SHLS
Fax
N/A
Employees
1,309
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$17.29
High Stock Price Target
$33.00
Low Stock Price Target
$6.00
Potential Upside/Downside
+127.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
19 Analysts

Profitability

Net Income
$39.97 million
Pretax Margin
8.86%

Debt

Sales & Book Value

Annual Sales
$488.94 million
Cash Flow
$0.66 per share
Book Value
$3.25 per share

Miscellaneous

Free Float
167,574,000
Market Cap
$1.30 billion
Optionable
Optionable
Beta
1.86
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SHLS Stock Analysis - Frequently Asked Questions

Should I buy or sell Shoals Technologies Group stock right now?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shoals Technologies Group in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street 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?

19 Wall Street research analysts have issued 1-year target prices for Shoals Technologies Group's stock. Their SHLS share price targets range from $6.00 to $33.00. On average, they expect the company's share price to reach $17.29 in the next twelve months. This suggests a possible upside of 128.2% 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 2024?

Shoals Technologies Group's stock was trading at $15.54 at the start of the year. Since then, SHLS stock has decreased by 51.2% and is now trading at $7.58.
View the best growth stocks for 2024 here
.

When is Shoals Technologies Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
View our SHLS earnings forecast
.

How were Shoals Technologies Group's earnings last quarter?

Shoals Technologies Group, Inc. (NASDAQ:SHLS) released its earnings results on Wednesday, February, 28th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by $0.04. The business earned $130.44 million during the quarter, compared to the consensus estimate of $131.89 million. Shoals Technologies Group had a net margin of 6.42% and a trailing twelve-month return on equity of 13.95%.

What guidance has Shoals Technologies Group issued on next quarter's earnings?

Shoals Technologies Group issued an update on its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $85.0 million-$95.0 million, compared to the consensus revenue estimate of $110.2 million.

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?

Shoals Technologies Group's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.71%), William Blair Investment Management LLC (6.00%), Clearbridge Investments LLC (5.24%), Joho Capital LLC (3.77%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (3.00%) and Swedbank AB (1.33%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SHLS) was last updated on 5/23/2024 by MarketBeat.com Staff

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