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

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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 21st 2023.
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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%.

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).

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.

(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.

Shoals Technologies Group trades on the NASDAQ under the ticker symbol "SHLS."

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.
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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.
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One share of SHLS stock can currently be purchased for approximately $24.28.

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.

The company employs 697 workers across the globe.

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.