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

$18.90
-0.74 (-3.77%)
(As of 09/28/2023 ET)
Compare
Today's Range
$18.45
$19.76
50-Day Range
$19.09
$26.92
52-Week Range
$17.32
$32.43
Volume
5.00 million shs
Average Volume
2.74 million shs
Market Capitalization
$3.21 billion
P/E Ratio
19.29
Dividend Yield
N/A
Price Target
$30.00

Shoals Technologies Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.62 Rating Score
Upside/​Downside
58.7% Upside
$30.00 Price Target
Short Interest
Bearish
12.35% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.74mentions of Shoals Technologies Group in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$85,723 Sold Last Quarter
Proj. Earnings Growth
62.00%
From $0.50 to $0.81 Per Share

Overall MarketRank

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

2.61 out of 5 stars

Oils/Energy Sector

60th out of 247 stocks

Semiconductors & Related Devices Industry

28th out of 89 stocks


SHLS stock logo

About Shoals Technologies Group (NASDAQ:SHLS) Stock

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.

SHLS Price History

SHLS Stock News Headlines

Got Solar? How You Can Play The Industry's Value Chain Perfectly (SHLS)
The solar industry's growth places these stocks as the top picks to enjoy all the upside, while also mitigating inherent industry risks.
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Analyst Expectations for Shoals Technologies Gr's Future
The 3 Best Solar Stocks to Buy in August
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Q2 2023 Shoals Technologies Group Inc Earnings Call
Shoals Technologies Names New CEO
See More Headlines
Receive SHLS Stock News and Ratings via Email

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SHLS Company Calendar

Last Earnings
8/01/2023
Today
9/28/2023
Next Earnings (Estimated)
11/13/2023
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
835
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$30.00
High Stock Price Forecast
$42.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+58.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.62
Research Coverage
13 Analysts

Profitability

Net Income
$127.61 million
Pretax Margin
44.48%

Debt

Sales & Book Value

Annual Sales
$326.94 million
Cash Flow
$0.34 per share
Book Value
$1.78 per share

Miscellaneous

Free Float
167,101,000
Market Cap
$3.21 billion
Optionable
Not Optionable
Beta
2.11
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Key Executives

  • Mr. Jeffery Tolnar (Age 59)
    Pres
    Comp: $499.08k
  • Mr. Dominic Bardos (Age 57)
    Chief Financial Officer
    Comp: $566.2k
  • Ms. Mehgan  PeetzMs. Mehgan Peetz (Age 41)
    Gen. Counsel, Chief Legal Officer & Corp. Sec.
    Comp: $613.32k
  • Mr. Brandon Moss (Age 44)
    Chief Exec. Officer
  • Dhaval Patel
    VP of Investor Relations
  • Ms. Jessica Uecker
    Chief HR Officer
  • Mr. Ben Macias
    Chief Revenue Officer
  • Mr. Alex Stucker
    Sr. VP of Sales & Bus. Devel.
  • Mr. John Hass (Age 52)
    Chief Product Officer













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 twelve months. There are currently 1 sell rating, 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?

13 equities research analysts have issued 12 month price objectives for Shoals Technologies Group's stock. Their SHLS share price forecasts range from $20.00 to $42.00. On average, they expect the company's share price to reach $30.00 in the next twelve months. This suggests a possible upside of 58.7% 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 23.4% and is now trading at $18.90.
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, November 13th 2023.
View our SHLS earnings forecast
.

How were Shoals Technologies Group's earnings last quarter?

Shoals Technologies Group, Inc. (NASDAQ:SHLS) announced its earnings results on Tuesday, August, 1st. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.01. The firm had revenue of $119.21 million for the quarter, compared to analyst estimates of $111.94 million. Shoals Technologies Group had a trailing twelve-month return on equity of 21.69% and a net margin of 37.53%.

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, August, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $480.00 million-$510.00 million, compared to the consensus revenue estimate of $500.06 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 $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 retail and institutional investors. Top institutional investors include BlackRock Inc. (11.27%), Clearbridge Investments LLC (5.02%), Alliancebernstein L.P. (3.63%), JPMorgan Chase & Co. (2.92%), William Blair Investment Management LLC (2.79%) and Encompass Capital Advisors LLC (2.42%). 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 $18.90.

How much money does Shoals Technologies Group make?

Shoals Technologies Group (NASDAQ:SHLS) has a market capitalization of $3.21 billion and generates $326.94 million in revenue each year. The company earns $127.61 million in net income (profit) each year or $0.98 on an earnings per share basis.

How many employees does Shoals Technologies Group have?

The company employs 835 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 9/28/2023 by MarketBeat.com Staff

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