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S&P 500   3,790.93
DOW   30,316.32
QQQ   282.13
6 Benefits of Working With a Franchise Consultant or Broker
$130 trillion revolution in this cup? (Ad)
Here’s What Makes Amazon a Sum-of-All-Parts Commerce Juggernaut
China-Based EV Maker BYD Set For Big European, Japanese Expansion
In 20 years, this little-known trader didn’t have a single losing year… (Ad)
Small-Cap Catalyst Pharma Is Among Market's Best Price Performers
3 Safe Earnings Plays for a Risk-Off Market
Sell every Stock except ONE (Ad)
Is Illumina Still the Gamechanger in Genomics Sequencing?
Micron to bring microchip plant to upstate New York
S&P 500   3,790.93
DOW   30,316.32
QQQ   282.13
6 Benefits of Working With a Franchise Consultant or Broker
$130 trillion revolution in this cup? (Ad)
Here’s What Makes Amazon a Sum-of-All-Parts Commerce Juggernaut
China-Based EV Maker BYD Set For Big European, Japanese Expansion
In 20 years, this little-known trader didn’t have a single losing year… (Ad)
Small-Cap Catalyst Pharma Is Among Market's Best Price Performers
3 Safe Earnings Plays for a Risk-Off Market
Sell every Stock except ONE (Ad)
Is Illumina Still the Gamechanger in Genomics Sequencing?
Micron to bring microchip plant to upstate New York
S&P 500   3,790.93
DOW   30,316.32
QQQ   282.13
6 Benefits of Working With a Franchise Consultant or Broker
$130 trillion revolution in this cup? (Ad)
Here’s What Makes Amazon a Sum-of-All-Parts Commerce Juggernaut
China-Based EV Maker BYD Set For Big European, Japanese Expansion
In 20 years, this little-known trader didn’t have a single losing year… (Ad)
Small-Cap Catalyst Pharma Is Among Market's Best Price Performers
3 Safe Earnings Plays for a Risk-Off Market
Sell every Stock except ONE (Ad)
Is Illumina Still the Gamechanger in Genomics Sequencing?
Micron to bring microchip plant to upstate New York

Shoals Technologies Group - SHLS Stock Forecast, Price & News

$24.00
+1.03 (+4.48%)
(As of 10/4/2022 12:00 AM ET)
Add
Compare
Today's Range
$23.23
$24.29
50-Day Range
$19.03
$27.76
52-Week Range
$9.58
$36.86
Volume
1.30 million shs
Average Volume
2.49 million shs
Market Capitalization
$4.01 billion
P/E Ratio
600.15
Dividend Yield
N/A
Price Target
$28.86

Shoals Technologies Group MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
20.2% Upside
$28.86 Price Target
Short Interest
Bearish
8.93% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.72mentions of Shoals Technologies Group in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$571,282 Sold Last Quarter
Proj. Earnings Growth
163.64%
From $0.22 to $0.58 Per Share

Overall MarketRank

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

2.28 out of 5 stars

Oils/Energy Sector

55th out of 257 stocks

Semiconductors & Related Devices Industry

32nd out of 97 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

Stock Market: 3 Islands Of Strength In A Sea Of Red (SHLS)
The analysts are upgrading these stocks despite the broad market weakness which means these are stock investors should pay attention to.
SHLS Shoals Technologies Group, Inc.
Where Shoals Technologies Gr Stands With Analysts
Shoals Technologies Group Inc Ordinary Shares - Class A
Expert Ratings for Shoals Technologies Gr
See More Headlines
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SHLS Company Calendar

Last Earnings
8/15/2022
Today
10/04/2022
Next Earnings (Estimated)
11/08/2022
Fiscal Year End
12/31/2022

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
$28.86
High Stock Price Forecast
$40.00
Low Stock Price Forecast
$16.00
Forecasted Upside/Downside
+20.2%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
13 Analysts

Profitability

Net Income
$2.35 million
Pretax Margin
8.02%

Debt

Sales & Book Value

Annual Sales
$213.91 million
Cash Flow
$0.29 per share
Book Value
($0.04) per share

Miscellaneous

Free Float
164,410,000
Market Cap
$4.01 billion
Optionable
Not Optionable
Beta
2.13

Key Executives

  • Mr. Jason R. Whitaker (Age 42)
    CEO, Pres & Director
    Comp: $684.72k
  • Ms. Mehgan PeetzMs. Mehgan Peetz (Age 40)
    Gen. Counsel, Chief Legal Officer & Corp. Sec.
    Comp: $472.52k
  • Mr. Jeffery Tolnar
    SVP of Electric Vehicle Solutions
  • Mr. Kevin Hubbard CPA (Age 50)
    Interim Chief Financial Officer
  • Mr. John Joseph White Jr. (Age 56)
    Chief Operating Officer
  • Mr. Alan D. Neal (Age 61)
    Chief Technology Officer
  • Mr. Ben Macias
    Sr. VP of Sales & Marketing
  • 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 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.
View SHLS analyst ratings
or view top-rated stocks.

What is Shoals Technologies Group's stock price forecast for 2022?

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.
View analysts price targets for SHLS
or view top-rated stocks among Wall Street analysts.

How have SHLS shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

When is Shoals Technologies Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
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 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.

What guidance has Shoals Technologies Group issued on next quarter's earnings?

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.

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 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."

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 $24.00.

How much money does Shoals Technologies Group make?

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.

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 10/5/2022 by MarketBeat.com Staff

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