Most-Downgraded StocksMost-DowngradedNASDAQ:SHLS Shoals Technologies Group (SHLS) Stock Price, News & Analysis → Pentagon contract could send this $2 AI stock soaring (From Behind the Markets) (Ad) Free SHLS Stock Alerts $8.49 +0.03 (+0.35%) (As of 04/24/2024 ET) Add Compare Share Share Today's Range$8.22▼$8.5950-Day Range$8.21▼$16.4852-Week Range$8.06▼$28.34Volume2.84 million shsAverage Volume3.87 million shsMarket Capitalization$1.45 billionP/E Ratio33.96Dividend YieldN/APrice Target$20.94 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Shoals Technologies Group alerts: Email Address Shoals Technologies Group MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.82 Rating ScoreUpside/Downside146.7% Upside$20.94 Price TargetShort InterestBearish15.50% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.07Based on 14 Articles This WeekInsider TradingN/AProj. Earnings Growth43.14%From $0.51 to $0.73 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.17 out of 5 starsOils/Energy Sector126th out of 234 stocksSemiconductors & Related Devices Industry45th out of 84 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 2.82, and is based on 14 buy ratings, 3 hold ratings, and no sell ratings.Amount of Analyst CoverageShoals Technologies Group has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted15.50% 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 6.8.Change versus previous monthShort interest in Shoals Technologies Group has recently increased by 0.71%, indicating that investor sentiment is decreasing. 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 2.3 News and Social Media Coverage News SentimentShoals Technologies Group has a news sentiment score of 0.07. 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 0.52 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 14 news articles for Shoals Technologies Group this week, compared to 5 articles on an average week.Search Interest9 people have searched for SHLS on MarketBeat in the last 30 days. This is an increase of 13% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Shoals Technologies Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Shoals Technologies Group insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.36% 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 43.14% in the coming year, from $0.51 to $0.73 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Shoals Technologies Group is 33.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.35.Price to Earnings Ratio vs. SectorThe P/E ratio of Shoals Technologies Group is 33.96, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 19.68.Price to Book Value per Share RatioShoals Technologies Group has a P/B Ratio of 2.65. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Behind the MarketsPentagon contract could send this $2 AI stock soaringWhenever the Department of Defense awards a major AI contract... Early investors could see dramatic returns virtually overnight. That's how my readers were able to cash in gains like 133% in just four months on C3.ai...Get all the info 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 (EV) charging applications in the United States and internationally. The company designs, manufactures, and sells system solutions for both homerun and combine-as-you-go wiring architectures, as well as offers technical support services. It provides EBOS components, including combiners; plug-n-play branch connectors and inline fuses; AC disconnects; recombiners; wireless monitoring; junction boxes; wire management; EV power cabinets; and battery energy storage systems cabinets, as well as cable assemblies, transition enclosures, and splice boxes. In addition, the company offers eMobility solutions, such as a power center, which combines equipment needed to protect the charging equipment and transform voltage levels from the electric utility to those needed on the respective site; quick connect solutions for chargers to connect to the Shoals system; big lead assembly (BLA) technology in the EV space to connect multiple chargers to a single power center; and a raceway system that protects the above ground EV BLAs in walk over and drive over applications. Further, it provides Snapshot IV, a solar operations and maintenance solution that monitors the specific voltage and current of individual solar panels and compares the results against the manufacturer's projected performance. The company sells its products to engineering, procurement, and construction firms that build solar energy projects; utilities; solar developers, independent power producers; solar module manufacturers; and charge point operators. 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 HeadlinesApril 23, 2024 | globenewswire.comShoals Technologies Group, Inc. Announces First Quarter 2024 Earnings Release Date and Conference CallApril 22, 2024 | prnewswire.comSHLS Investors Have Opportunity to Lead Shoals Technologies Group, Inc. Securities Fraud LawsuitApril 24, 2024 | Behind the Markets (Ad)Pentagon contract could send this $2 AI stock soaringWhenever the Department of Defense awards a major AI contract... Early investors could see dramatic returns virtually overnight. That's how my readers were able to cash in gains like 133% in just four months on C3.ai...April 22, 2024 | prnewswire.comSHLS LAWSUIT ALERT: Levi & Korsinsky Notifies Shoals Technologies Group, Inc. Investors of a Class Action Lawsuit and Upcoming DeadlineApril 21, 2024 | americanbankingnews.comMizuho Lowers Shoals Technologies Group (NASDAQ:SHLS) Price Target to $16.00April 20, 2024 | prnewswire.comSHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Shoals Technologies Group, Inc. - SHLSApril 19, 2024 | prnewswire.comSHOALS TECHNOLOGIES SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Shoals Technologies Group, Inc. - SHLSApril 19, 2024 | prnewswire.comShoals Technologies Group, Inc. Sued for Securities Law Violations - Contact The Gross Law Firm Before May 21, 2024 to Discuss Your Rights - SHLSApril 24, 2024 | Behind the Markets (Ad)Pentagon contract could send this $2 AI stock soaringWhenever the Department of Defense awards a major AI contract... Early investors could see dramatic returns virtually overnight. That's how my readers were able to cash in gains like 133% in just four months on C3.ai...April 18, 2024 | stockhouse.comSHLS INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Reminds Shoals Technologies Group, Inc. Investors to Join the Class Action LawsuitApril 18, 2024 | prnewswire.comROSEN, A LONGSTANDING LAW FIRM, Encourages Shoals Technologies Group, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - SHLSApril 18, 2024 | americanbankingnews.comShoals Technologies Group (NASDAQ:SHLS) Hits New 12-Month Low at $8.48April 17, 2024 | americanbankingnews.comShoals Technologies Group, Inc. (NASDAQ:SHLS) Given Consensus Rating of "Moderate Buy" by BrokeragesApril 16, 2024 | prnewswire.comSHLS Investors Have Opportunity to Lead Shoals Technologies Group, Inc. Securities Fraud LawsuitApril 16, 2024 | prnewswire.comThe Gross Law Firm Notifies Shoals Technologies Group, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - SHLSApril 16, 2024 | seekingalpha.comShoals Technologies: High-Growth Undervalued Stock Benefitting From High-Growth MarketsApril 15, 2024 | prnewswire.comSHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Shoals Technologies Group, Inc. with Losses of $100,000 to Contact the FirmApril 15, 2024 | prnewswire.comClass Action Filed Against Shoals Technologies Group, Inc. (SHLS) - May 21, 2024 Deadline to Join - Contact Levi & KorsinskyApril 14, 2024 | markets.businessinsider.comRBC Capital Keeps Their Buy Rating on Shoals Technologies Group (SHLS)April 14, 2024 | markets.businessinsider.comRBC Capital Keeps Their Buy Rating on Shoals Technologies Group (SHLS)April 13, 2024 | prnewswire.comINVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of ShoalsApril 12, 2024 | prnewswire.comSHOALS TECHNOLOGIES SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Shoals Technologies Group, Inc. - SHLSApril 12, 2024 | stockhouse.comSHAREHOLDER ACTION NOTICE: The Schall Law Firm Encourages Investors in Shoals Technologies Group, Inc. with Losses of $100,000 to Contact the FirmApril 12, 2024 | prnewswire.comSHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Shoals Technologies Group, Inc. - SHLSApril 12, 2024 | benzinga.comShoals Technologies Gr Stock (NASDAQ:SHLS), Analyst Ratings, Price Targets, PredictionsApril 12, 2024 | prnewswire.comShareholders of Shoals Technologies Group, Inc. Should Contact The Gross Law Firm Before May 21, 2024 to Discuss Your Rights - SHLSApril 11, 2024 | prnewswire.comSHLS Investors Have Opportunity to Lead Shoals Technologies Group, Inc. Securities Fraud LawsuitSee 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 Earnings2/28/2024Today4/24/2024Next Earnings (Confirmed)5/07/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorOils/Energy Industry Semiconductors & related devices Sub-IndustryN/A Current SymbolNASDAQ:SHLS CUSIPN/A CIK1831651 Webwww.shoals.com Phone615-451-1400FaxN/AEmployees1,309Year FoundedN/APrice Target and Rating Average Stock Price Target$20.94 High Stock Price Target$33.00 Low Stock Price Target$13.00 Potential Upside/Downside+146.7%Consensus RatingModerate Buy Rating Score (0-4)2.82 Research Coverage17 Analysts Profitability EPS (Most Recent Fiscal Year)$0.25 Trailing P/E Ratio33.96 Forward P/E Ratio16.65 P/E GrowthN/ANet Income$39.97 million Net Margins8.18% Pretax Margin11.24% Return on Equity16.02% Return on Assets10.18% Debt Debt-to-Equity Ratio0.33 Current Ratio2.45 Quick Ratio1.88 Sales & Book Value Annual Sales$488.94 million Price / Sales2.96 Cash Flow$0.60 per share Price / Cash Flow14.18 Book Value$3.20 per share Price / Book2.65Miscellaneous Outstanding Shares170,330,000Free Float169,716,000Market Cap$1.45 billion OptionableOptionable Beta1.79 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.Get This Free Report Key ExecutivesMs. Inez Lund (Age 58)Chief Accounting Officer Ms. Jessica UeckerChief Human Resources OfficerMr. Ben MaciasChief Revenue OfficerMr. Alex StuckerSenior VP of Sales & Business DevelopmentMr. John Hass (Age 53)Chief Product Officer Key CompetitorsJinkoSolarNYSE:JKSCanadian SolarNASDAQ:CSIQSolarEdge TechnologiesNASDAQ:SEDGDorchester MineralsNASDAQ:DMLPWorld KinectNYSE:WKCView All CompetitorsInsiders & InstitutionsAssenagon Asset Management S.A.Bought 3,811 shares on 4/24/2024Ownership: 0.015%Sumitomo Mitsui Trust Holdings Inc.Sold 3,067 shares on 4/19/2024Ownership: 0.220%Allspring Global Investments Holdings LLCSold 896,892 shares on 4/18/2024Ownership: 0.225%Viking Fund Management LLCBought 40,000 shares on 4/16/2024Ownership: 0.094%Harbour Capital Advisors LLCBought 12,870 shares on 4/16/2024Ownership: 0.008%View All Insider TransactionsView All Institutional Transactions SHLS Stock Analysis - Frequently Asked Questions Should I buy or sell Shoals Technologies Group stock right now? 17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shoals Technologies Group in the last year. There are currently 3 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street 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? 17 Wall Street research analysts have issued 1-year price objectives for Shoals Technologies Group's stock. Their SHLS share price targets range from $13.00 to $33.00. On average, they anticipate the company's stock price to reach $20.94 in the next twelve months. This suggests a possible upside of 146.7% 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 2024? Shoals Technologies Group's stock was trading at $15.54 at the beginning of the year. Since then, SHLS stock has decreased by 45.4% and is now trading at $8.49. View the best growth stocks for 2024 here. When is Shoals Technologies Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024. View our SHLS earnings forecast. How were Shoals Technologies Group's earnings last quarter? Shoals Technologies Group, Inc. (NASDAQ:SHLS) announced its quarterly earnings results on Wednesday, February, 28th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by $0.04. The company earned $130.44 million during the quarter, compared to analyst estimates of $131.89 million. Shoals Technologies Group had a net margin of 8.18% and a trailing twelve-month return on equity of 16.02%. 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), ProShares S&P Kensho Cleantech ETF (CTEX), Global X Clean Tech ETF (CTEC), Global X Solar ETF (RAYS), First Trust RBA American Industrial Renaissance ETF (AIRR), ALPS Clean Energy ETF (ACES), SPDR S&P Kensho Clean Power ETF (CNRG) and SPDR S&P Kensho Intelligent Structures ETF (SIMS). What guidance has Shoals Technologies Group issued on next quarter's earnings? Shoals Technologies Group updated its first quarter 2024 earnings guidance on Wednesday, February, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $90.0 million-$100.0 million, compared to the consensus revenue estimate of $133.7 million. When did Shoals Technologies Group IPO? Shoals Technologies Group (SHLS) raised $1 billion in an initial public offering (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. Who are Shoals Technologies Group's major shareholders? Shoals Technologies Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.23%), Sumitomo Mitsui Trust Holdings Inc. (0.22%), Viking Fund Management LLC (0.09%), Assenagon Asset Management S.A. (0.01%) and Harbour Capital Advisors LLC (0.01%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:SHLS) was last updated on 4/24/2024 by MarketBeat.com Staff From Our PartnersHe Is Giving Away BitcoinCrypto Swap Profitstop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)Traders AgencyBitcoin Rockets To Record High But Buy THIS InsteadParadigm PressPentagon contract could send this $2 AI stock soaringBehind the MarketsDon’t Miss Out on the AI Gold Rush That’s Just Getting StartedBanyan Hill PublishingEmergency: Biden's $20 Trillion Mistake Could Cost YOU!GoldenCrest MetalsExposed: 10 CENT Crypto to Explode April 20th?True Market InsidersThe #1 Crypto for 2024InvestorPlace 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. 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