Shoals Technologies Group - SHLS Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shoals Technologies Group in the last year. There are currently 1 sell rating, 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SHLS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SHLS, but not buy additional shares or sell existing shares.
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13 Wall Street analysts have issued twelve-month price targets for Shoals Technologies Group's shares. Their SHLS share price forecasts range from $16.00 to $40.00. On average, they anticipate the company's share price to reach $28.86 in the next twelve months. This suggests a possible upside of 20.2% from the stock's current price.
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Shoals Technologies Group's stock was trading at $24.30 at the start of the year. Since then, SHLS shares have decreased by 1.2% and is now trading at $24.00.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our SHLS earnings forecast.

Shoals Technologies Group, Inc. (NASDAQ:SHLS) issued its quarterly earnings results on Monday, August, 15th. The company reported $0.07 earnings per share for the quarter, hitting analysts' consensus estimates of $0.07. The business had revenue of $73.49 million for the quarter, compared to the consensus estimate of $72.89 million. Shoals Technologies Group had a negative trailing twelve-month return on equity of 709.22% and a net margin of 3.08%. The company's revenue for the quarter was up 23.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.08 earnings per share.

Shoals Technologies Group updated its FY 2022 earnings guidance on Monday, September, 12th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $300.00 million-$325.00 million, compared to the consensus revenue estimate of $314.57 million.

(SHLS) raised $1 billion in an initial public offering 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."

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 $24.00.

Shoals Technologies Group (NASDAQ:SHLS) has a market capitalization of $4.01 billion and generates $213.91 million in revenue each year. The company earns $2.35 million in net income (profit) each year or $0.04 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.