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NASDAQ:SHLS

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

$24.17
-0.11 (-0.45%)
(As of 10:58 AM ET)
Compare
Today's Range
$23.84
$25.05
50-Day Range
$18.12
$24.71
52-Week Range
$13.92
$32.43
Volume
306,868 shs
Average Volume
3.05 million shs
Market Capitalization
$4.10 billion
P/E Ratio
26.56
Dividend Yield
N/A
Price Target
$31.34

Shoals Technologies Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.54 Rating Score
Upside/​Downside
29.4% Upside
$31.34 Price Target
Short Interest
Healthy
7.66% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.19mentions of Shoals Technologies Group in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$598.27 M Sold Last Quarter
Proj. Earnings Growth
73.47%
From $0.49 to $0.85 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.17 out of 5 stars

Oils/Energy Sector

19th out of 494 stocks

Semiconductors & Related Devices Industry

3rd out of 178 stocks


SHLS stock logo

About Shoals Technologies Group (NASDAQ:SHLS) Stock

Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions for solar energy projects 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, wire management solutions, and IV curve benchmarking devices. The company also sells EV Charging solutions for public and fleet electric vehicle charging stations; and EBOS systems. It sells its products principally to engineering, procurement, and construction firms that build solar energy projects and install electric vehicle charging stations. Shoals Technologies Group, Inc. was founded in 1996 and is headquartered in Portland, Tennessee.

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SHLS Stock News Headlines

MarketBeat Week in Review – 5/8 - 5/12 (SHLS)
Inflation, bank woes, interest rates, and the debt ceiling led to more of the new normal for equity markets. Here are some of this week's most popular articles
Shoals Technology is an EV and Solar Play Just Getting Started
Shoals Technologies Group Inc. (NASDAQ: SHLS) is an electrical balance of system (EBOS) solutions provider for the solar, energy storage, and electric vehicle
How to Invest in AI's Fast-Growing Market
The AI market stands at $160 billion in 2023. Estimates are the AI market will grow 20-fold to $1.8 TRILLION by 2030. One little-known company is looking to win big with a new network technology no one else has. AI could explode... and soon.
How to Invest in AI's Fast-Growing Market
The AI market stands at $160 billion in 2023. Estimates are the AI market will grow 20-fold to $1.8 TRILLION by 2030. One little-known company is looking to win big with a new network technology no one else has. AI could explode... and soon.
The Latest Analyst Ratings for Shoals Technologies Gr
Shoals Technologies Group (SHLS) Gets a Hold from Goldman Sachs
See More Headlines

SHLS Price History

SHLS Company Calendar

Last Earnings
11/09/2021
Today
6/02/2023
Next Earnings (Estimated)
8/21/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:SHLS
Fax
N/A
Employees
697
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$31.34
High Stock Price Forecast
$41.00
Low Stock Price Forecast
$19.00
Forecasted Upside/Downside
+29.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.54
Research Coverage
13 Analysts

Profitability

Net Income
$127.61 million
Pretax Margin
45.58%

Debt

Sales & Book Value

Annual Sales
$326.94 million
Cash Flow
$0.38 per share
Book Value
$2.98 per share

Miscellaneous

Free Float
166,984,000
Market Cap
$4.12 billion
Optionable
Not Optionable
Beta
2.09

Key Executives

  • Mr. Jason R. Whitaker (Age 43)
    CEO & Director
    Comp: $684.72k
  • Mr. Jeffery Tolnar
    Pres
  • Ms. Mehgan  PeetzMs. Mehgan Peetz (Age 41)
    Gen. Counsel, Chief Legal Officer & Corp. Sec.
    Comp: $472.52k
  • Mr. Dominic Bardos (Age 58)
    Chief Financial Officer
  • Mr. John Joseph White Jr. (Age 57)
    Chief Operating Officer
  • Mr. Alan D. Neal (Age 62)
    Chief Technology Officer
  • Ms. Jessica Uecker
    Chief HR Officer
  • Mr. Ben Macias
    Chief Revenue Officer
  • Mr. Alex Stucker
    Sr. VP of Sales & Bus. Devel.
  • Mr. Kent Miller
    Sr. VP













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 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.
View SHLS analyst ratings
or view top-rated stocks.

What is Shoals Technologies Group's stock price forecast for 2023?

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.
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 at the beginning of the year. Since then, SHLS stock has decreased by 1.6% and is now trading at $24.28.
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, August 21st 2023.
View our SHLS earnings forecast
.

How were Shoals Technologies Group's earnings last quarter?

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%.

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 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.

When did Shoals Technologies Group IPO?

(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.

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 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.
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 $24.28.

How much money does Shoals Technologies Group make?

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.

How many employees does Shoals Technologies Group have?

The company employs 697 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 6/2/2023 by MarketBeat.com Staff

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