Shoals Technologies Group Stock Price, News & Analysis (NASDAQ:SHLS) $13.57 -0.23 (-1.67%) (As of 10:40 AM ET) Add Compare Share Share Today's Range$13.33▼$13.7750-Day Range$12.95▼$20.5752-Week Range$12.11▼$30.10Volume440,396 shsAverage Volume2.95 million shsMarket Capitalization$2.31 billionP/E Ratio15.96Dividend YieldN/APrice Target$27.40 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial Media Shoals Technologies Group MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.73 Rating ScoreUpside/Downside102.2% Upside$27.40 Price TargetShort InterestBearish13.62% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.50Based on 4 Articles This WeekInsider TradingSelling Shares$85,723 Sold Last QuarterProj. Earnings Growth42.86%From $0.56 to $0.80 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.43 out of 5 starsOils/Energy Sector86th out of 235 stocksSemiconductors & Related Devices Industry27th out of 83 stocks 4.4 Analyst's Opinion Consensus RatingShoals Technologies Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 12 buy ratings, 2 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $27.40, Shoals Technologies Group has a forecasted upside of 102.2% from its current price of $13.55.Amount of Analyst CoverageShoals Technologies Group has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted13.62% of the float of Shoals Technologies Group has been sold short.Short Interest Ratio / Days to CoverShoals Technologies Group has a short interest ratio ("days to cover") of 7.3.Change versus previous monthShort interest in Shoals Technologies Group has recently increased by 16.12%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldShoals Technologies Group does not currently pay a dividend.Dividend GrowthShoals Technologies Group does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SHLS. Previous Next 1.9 News and Social Media Coverage News SentimentShoals Technologies Group has a news sentiment score of 0.50. 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 lower news sentiment than the 0.61 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Shoals Technologies Group this week, compared to 3 articles on an average week.Search InterestOnly 10 people have searched for SHLS on MarketBeat in the last 30 days. This is a decrease of -29% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added Shoals Technologies Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -57% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn 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 InsidersOnly 0.23% of the stock of Shoals Technologies Group is held by insiders. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Shoals Technologies Group are expected to grow by 42.86% in the coming year, from $0.56 to $0.80 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Shoals Technologies Group is 15.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.94.Price to Earnings Ratio vs. SectorThe P/E ratio of Shoals Technologies Group is 15.94, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.18.Price to Book Value per Share RatioShoals Technologies Group has a P/B Ratio of 7.61. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here 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 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.Read More SHLS Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SHLS Stock News HeadlinesNovember 22, 2023 | americanbankingnews.comShoals Technologies Group (NASDAQ:SHLS) Now Covered by Analysts at MizuhoNovember 21, 2023 | msn.comMizuho Initiates Coverage of Shoals Technologies Group Inc - (SHLS) with Buy RecommendationNovember 28, 2023 | Autonomix (Ad)[Investor Alert] Potential Breakthrough Medical Tech Investment OpportunityAutonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.comNovember 21, 2023 | realmoney.thestreet.comShoals Technologies initiated with a Buy at MizuhoNovember 20, 2023 | americanbankingnews.comNorthland Capmk Weighs in on Shoals Technologies Group, Inc.'s Q4 2023 Earnings (NASDAQ:SHLS)November 19, 2023 | americanbankingnews.comShoals Technologies Group (NASDAQ:SHLS) Trading Down 4.3%November 19, 2023 | americanbankingnews.comShoals Technologies Group, Inc. (NASDAQ:SHLS) Given Consensus Rating of "Moderate Buy" by BrokeragesNovember 18, 2023 | americanbankingnews.comEquities Analysts Set Expectations for Shoals Technologies Group, Inc.'s FY2023 Earnings (NASDAQ:SHLS)November 28, 2023 | Edge On The Street (Ad)Americans Now Favor Gold Over Stocks as an Investment VehicleAmericans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges. November 16, 2023 | markets.businessinsider.comAnalysts Offer Insights on Technology Companies: Shoals Technologies Group (SHLS) and Luna Innovations (LUNA)November 14, 2023 | finance.yahoo.comRobert Karr's Joho Capital Makes a Bold Move with NEXTracker Inc, Holding 6.46% StakeNovember 8, 2023 | markets.businessinsider.comAnalysts Offer Insights on Technology Companies: Shoals Technologies Group (SHLS), AUTO1 Group SE (OtherATOGF) and Ebay (EBAY)November 8, 2023 | finance.yahoo.comShoals Technologies Group, Inc. (NASDAQ:SHLS) Q3 2023 Earnings Call TranscriptNovember 7, 2023 | seekingalpha.comShoals Technologies Is Too Good To IgnoreOctober 25, 2023 | finance.yahoo.comShoals Technologies to Deploy Fuel by Shoals® eMobility Solution for Department of the Air ForceOctober 20, 2023 | msn.comJP Morgan Maintains Shoals Technologies Group Inc - (SHLS) Overweight RecommendationOctober 20, 2023 | msn.comExane BNP Paribas Initiates Coverage of Shoals Technologies Group Inc - (SHLS) with Outperform RecommendationOctober 20, 2023 | seekingalpha.comSPWR, CSIQ and ARRY among pre-market losersOctober 19, 2023 | msn.comCitigroup Maintains Shoals Technologies Group Inc - (SHLS) Buy RecommendationOctober 12, 2023 | finance.yahoo.comBuy These 2 Beaten-Down Stocks, Goldman Sachs Says, Forecasting up to 130% UpsideOctober 11, 2023 | msn.comGoldman Sachs Upgrades Shoals Technologies Group Inc - (SHLS)October 11, 2023 | msn.comShoals Technologies raised to Buy at Goldman on strong margins, valuationOctober 11, 2023 | investing.comGoldman Sachs sees potential 85% upside in Shoals Technologies sharesOctober 11, 2023 | msn.comShoals Technologies Stock Is a Buy, Goldman Says. Here's Why.October 11, 2023 | finance.yahoo.comShoals Technologies Stock Is a Buy, Goldman Says. Margins Can Grow, Valuation Is Cheap.October 7, 2023 | msn.comPiper Sandler Upgrades Shoals Technologies Group Inc - (SHLS)October 6, 2023 | za.investing.comShoals Technologies lifted at Piper Sandler following pullbackSee More Headlines Receive SHLS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Shoals Technologies Group and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings11/07/2023Today11/28/2023Fiscal Year End12/31/2023Next Earnings (Estimated)2/27/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Semiconductors & related devices Sub-IndustryN/A SectorOils/Energy Current SymbolNASDAQ:SHLS CUSIPN/A CIK1831651 Webwww.shoals.com Phone615-451-1400FaxN/AEmployees835Year FoundedN/APrice Target and Rating Average Stock Price Target$27.40 High Stock Price Target$42.00 Low Stock Price Target$18.00 Potential Upside/Downside+98.6%Consensus RatingModerate Buy Rating Score (0-4)2.73 Research Coverage15 Analysts Profitability EPS (Most Recent Fiscal Year)$0.85 Trailing P/E Ratio16.24 Forward P/E Ratio24.64 P/E GrowthN/ANet Income$127.61 million Net Margins30.01% Pretax Margin33.23% Return on Equity19.03% Return on Assets11.56% Debt Debt-to-Equity Ratio0.36 Current Ratio2.54 Quick Ratio1.82 Sales & Book Value Annual Sales$326.94 million Price / Sales7.18 Cash Flow$0.36 per share Price / Cash Flow38.87 Book Value$1.78 per share Price / Book7.75Miscellaneous Outstanding Shares170,060,000Free Float169,666,000Market Cap$2.35 billion OptionableNot Optionable Beta2.11 A Guide To High-Short-Interest StocksMarketBeat's analysts have just released their top five short plays for December 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Jeffery Tolnar (Age 59)President Comp: $499.08kMr. Dominic Bardos (Age 57)Chief Financial Officer Comp: $566.2kMs. Mehgan Peetz (Age 41)General Counsel, Chief Legal Officer & Corporate Secretary Comp: $613.32kMr. Brandon Moss (Age 44)Chief Executive Officer Ms. Jessica UeckerChief Human Resources OfficerMr. Ben MaciasChief Revenue OfficerMr. Alex StuckerSenior VP of Sales & Business DevelopmentMr. John Hass (Age 52)Chief Product Officer More ExecutivesKey CompetitorsJinkoSolarNYSE:JKSCanadian SolarNASDAQ:CSIQSunPowerNASDAQ:SPWRSolarEdge TechnologiesNASDAQ:SEDGArray TechnologiesNASDAQ:ARRYView All CompetitorsInsiders & InstitutionsDeutsche Bank AGBought 23,969 shares on 11/24/2023Ownership: 0.071%Graham Capital Management L.P.Sold 244,822 shares on 11/22/2023Ownership: 0.060%Polar Capital Holdings PlcSold 409,000 shares on 11/22/2023Ownership: 0.044%Walleye Capital LLCBought 18,700 shares on 11/21/2023Ownership: 0.000%Comerica BankBought 3,544 shares on 11/21/2023Ownership: 0.002%View All Insider TransactionsView All Institutional Transactions SHLS Stock Analysis - Frequently Asked Questions Should I buy or sell Shoals Technologies Group stock right now? 15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shoals Technologies Group in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities 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 target for 2024? 15 brokers have issued 1-year price objectives for Shoals Technologies Group's stock. Their SHLS share price targets range from $18.00 to $42.00. On average, they predict the company's share price to reach $27.40 in the next twelve months. This suggests a possible upside of 102.2% 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 2023? Shoals Technologies Group's stock was trading at $24.67 on January 1st, 2023. Since then, SHLS stock has decreased by 45.1% and is now trading at $13.55. 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 Tuesday, February 27th 2024. View our SHLS earnings forecast. How were Shoals Technologies Group's earnings last quarter? Shoals Technologies Group, Inc. (NASDAQ:SHLS) issued its quarterly earnings data on Tuesday, November, 7th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $134.21 million for the quarter, compared to the consensus estimate of $136.65 million. Shoals Technologies Group had a trailing twelve-month return on equity of 19.03% and a net margin of 30.01%. 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, November, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $485.00 million-$495.00 million, compared to the consensus revenue estimate of $498.89 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 a price of $19.00-$21.00 per share. Goldman Sachs, J.P. Morgan, Guggenheim Securities and UBS Investment Bank acted as the underwriters for the IPO. Who are Shoals Technologies Group's major shareholders? Shoals Technologies Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include Clearbridge Investments LLC (5.15%), JPMorgan Chase & Co. (3.75%), Invesco Ltd. (3.69%), William Blair Investment Management LLC (3.49%), Allspring Global Investments Holdings LLC (2.17%) and Eventide Asset Management LLC (1.37%). 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. This page (NASDAQ:SHLS) was last updated on 11/28/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Shoals Technologies Group, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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