Should I buy or sell Shoals Technologies Group stock right now?

17 Wall Street research 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 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?

17 Wall Street analysts have issued 12 month price targets for Shoals Technologies Group's shares. Their SHLS share price targets range from $13.00 to $33.00. On average, they expect the company's share price to reach $21.06 in the next twelve months. This suggests a possible upside of 154.3% 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 start of the year. Since then, SHLS stock has decreased by 46.7% and is now trading at $8.28. 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 Monday, May 13th 2024. View our SHLS earnings forecast .

How were Shoals Technologies Group's earnings last quarter?

Shoals Technologies Group, Inc. (NASDAQ:SHLS) posted its earnings results on Wednesday, February, 28th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.15 by $0.04. The firm earned $130.44 million during the quarter, compared to the consensus estimate of $131.89 million. Shoals Technologies Group had a trailing twelve-month return on equity of 16.02% and a net margin of 8.18%.

What ETFs hold Shoals Technologies Group's stock?

ETFs with the largest weight of Shoals Technologies Group (NASDAQ:SHLS) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX) , First Trust RBA American Industrial Renaissance ETF (AIRR) , Invesco Solar ETF (TAN) , Global X Clean Tech ETF (CTEC) , Fidelity Clean Energy ETF (FRNW) , iShares Global Clean Energy ETF (ICLN) , Goldman Sachs Future Planet Equity ETF (GSFP) and Global X Solar ETF (RAYS) .

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

Shoals Technologies Group issued an update on its first quarter 2024 earnings guidance on Wednesday, February, 28th. The company provided 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 IPO 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.

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 shareholders include Viking Fund Management LLC (0.09%) 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 .

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NASDAQ:SHLS

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

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$8.28

-0.07 (-0.84%)

(As of 04/17/2024 ET)

Compare

Today's Range: $8.27
▼
$8.70
50-Day Range: $8.28
▼
$17.02
52-Week Range: $8.23
▼
$28.34

Volume: 4.62 million shs
Average Volume: 3.90 million shs
Market Capitalization: $1.41 billion

P/E Ratio: 33.12
Dividend Yield: N/A
Price Target: $21.06

Get Shoals Technologies Group alerts:

Shoals Technologies Group MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.82 Rating Score
Upside/Downside: 154.3% Upside
$21.06 Price Target
Short Interest: Bearish
15.50% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.01
Based on 25 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 43.14%
From $0.51 to $0.73 Per Share

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.

3.06 out of 5 stars

Oils/Energy Sector

109th out of 225 stocks

Semiconductors & Related Devices Industry

44th out of 88 stocks

4.4

Analyst's Opinion

Consensus Rating
Shoals 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 Coverage
Shoals Technologies Group has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
15.50% of the float of Shoals Technologies Group has been sold short.
Short Interest Ratio / Days to Cover
Shoals Technologies Group has a short interest ratio ("days to cover") of 6.8.
Change versus previous month
Short interest in Shoals Technologies Group has recently increased by 0.71%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Shoals Technologies Group does not currently pay a dividend.
Dividend Growth
Shoals Technologies Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SHLS.

2.2

News and Social Media Coverage

News Sentiment
Shoals Technologies Group has a news sentiment score of 0.01. 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 0.51 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 25 news articles for Shoals Technologies Group this week, compared to 5 articles on an average week.
Search Interest
9 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 Follows
Only 1 people have added Shoals Technologies Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -88% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Shoals Technologies Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.36% of the stock of Shoals Technologies Group is held by insiders.

2.5

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The P/E ratio of Shoals Technologies Group is 33.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.34.
Price to Earnings Ratio vs. Sector
The P/E ratio of Shoals Technologies Group is 33.12, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 20.25.
Price to Book Value per Share Ratio
Shoals Technologies Group has a P/B Ratio of 2.59. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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.

SHLS Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SHLS Stock News Headlines

April 17, 2024 | americanbankingnews.com

Shoals Technologies Group, Inc. (NASDAQ:SHLS) Given Consensus Rating of "Moderate Buy" by Brokerages

April 16, 2024 | prnewswire.com

SHLS Investors Have Opportunity to Lead Shoals Technologies Group, Inc. Securities Fraud Lawsuit

April 17, 2024 | InvestorPlace (Ad)

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April 16, 2024 | prnewswire.com

The Gross Law Firm Notifies Shoals Technologies Group, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - SHLS

April 16, 2024 | seekingalpha.com

Shoals Technologies: High-Growth Undervalued Stock Benefitting From High-Growth Markets

April 15, 2024 | prnewswire.com

SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Shoals Technologies Group, Inc. with Losses of $100,000 to Contact the Firm

April 15, 2024 | prnewswire.com

Class Action Filed Against Shoals Technologies Group, Inc. (SHLS) - May 21, 2024 Deadline to Join - Contact Levi & Korsinsky

April 14, 2024 | markets.businessinsider.com

RBC Capital Keeps Their Buy Rating on Shoals Technologies Group (SHLS)

April 17, 2024 | InvestorPlace (Ad)

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April 14, 2024 | markets.businessinsider.com

RBC Capital Keeps Their Buy Rating on Shoals Technologies Group (SHLS)

April 13, 2024 | prnewswire.com

INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Shoals

April 13, 2024 | americanbankingnews.com

Shoals Technologies Group (NASDAQ:SHLS) Price Target Cut to $14.00

April 12, 2024 | prnewswire.com

SHOALS 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. - SHLS

April 12, 2024 | stockhouse.com

SHAREHOLDER ACTION NOTICE: The Schall Law Firm Encourages Investors in Shoals Technologies Group, Inc. with Losses of $100,000 to Contact the Firm

April 12, 2024 | prnewswire.com

SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Shoals Technologies Group, Inc. - SHLS

April 12, 2024 | benzinga.com

Shoals Technologies Gr Stock (NASDAQ:SHLS), Analyst Ratings, Price Targets, Predictions

April 12, 2024 | prnewswire.com

Shareholders of Shoals Technologies Group, Inc. Should Contact The Gross Law Firm Before May 21, 2024 to Discuss Your Rights - SHLS

April 12, 2024 | americanbankingnews.com

Shoals Technologies Group (NASDAQ:SHLS) Reaches New 52-Week Low at $9.91

April 11, 2024 | prnewswire.com

SHLS Investors Have Opportunity to Lead Shoals Technologies Group, Inc. Securities Fraud Lawsuit

April 11, 2024 | markets.businessinsider.com

Analyst Scoreboard: 15 Ratings For Shoals Technologies Gr

April 10, 2024 | prnewswire.com

ROSEN, LEADING INVESTOR COUNSEL, Encourages Shoals Technologies Group, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - SHLS

April 10, 2024 | prnewswire.com

Levi & Korsinsky Notifies Shareholders of Shoals Technologies Group, Inc. (SHLS) of a Class Action Lawsuit and an Upcoming Deadline

April 9, 2024 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Shoals Technologies Group (SHLS) and Marvell (MRVL)

April 9, 2024 | prnewswire.com

The Gross Law Firm Notifies Shareholders of Shoals Technologies Group, Inc.(SHLS) of a Class Action Lawsuit and an Upcoming Deadline

April 8, 2024 | prnewswire.com

SHLS Investors Have Opportunity to Lead Shoals Technologies Group, Inc. Securities Fraud Lawsuit

April 8, 2024 | prnewswire.com

Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Shoals Technologies Group, Inc.(SHLS) Shareholders

April 7, 2024 | americanbankingnews.com

Shoals Technologies Group (NASDAQ:SHLS) Shares Down 3.6%

See More Headlines

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Company Calendar

Last Earnings: 2/28/2024
Today: 4/17/2024
Next Earnings (Estimated): 5/13/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Oils/Energy
Industry: Semiconductors & related devices
Sub-Industry: N/A
Current Symbol: NASDAQ:SHLS
CUSIP: N/A
CIK: 1831651
Web: www.shoals.com
Phone: 615-451-1400
Fax: N/A
Employees: 1,309
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $21.06
High Stock Price Target: $33.00
Low Stock Price Target: $13.00
Potential Upside/Downside: +154.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.82
Research Coverage: 17 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.25
Trailing P/E Ratio: 33.12
Forward P/E Ratio: 16.24
P/E Growth: N/A
Net Income: $39.97 million
Net Margins: 8.18%
Pretax Margin: 11.24%
Return on Equity: 16.02%
Return on Assets: 10.18%

Debt

Debt-to-Equity Ratio: 0.33
Current Ratio: 2.45
Quick Ratio: 1.88

Sales & Book Value

Annual Sales: $488.94 million
Price / Sales: 2.88
Cash Flow: $0.56 per share
Price / Cash Flow: 14.67
Book Value: $3.20 per share
Price / Book: 2.59

Miscellaneous

Outstanding Shares: 170,329,000
Free Float: 169,716,000
Market Cap: $1.41 billion
Optionable: Optionable
Beta: 1.79

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Key Executives

Ms. Inez Lund (Age 58)
Chief Accounting Officer
Ms. Jessica Uecker
Chief Human Resources Officer
Mr. Ben Macias
Chief Revenue Officer
Mr. Alex Stucker
Senior VP of Sales & Business Development
Mr. John Hass (Age 53)
Chief Product Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SHLS Stock Analysis - Frequently Asked Questions

Should I buy or sell Shoals Technologies Group stock right now?: 17 Wall Street research 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 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?: 17 Wall Street analysts have issued 12 month price targets for Shoals Technologies Group's shares. Their SHLS share price targets range from $13.00 to $33.00. On average, they expect the company's share price to reach $21.06 in the next twelve months. This suggests a possible upside of 154.3% 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 start of the year. Since then, SHLS stock has decreased by 46.7% and is now trading at $8.28.
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 Monday, May 13th 2024.
View our SHLS earnings forecast.
How were Shoals Technologies Group's earnings last quarter?: Shoals Technologies Group, Inc. (NASDAQ:SHLS) posted its earnings results on Wednesday, February, 28th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.15 by $0.04. The firm earned $130.44 million during the quarter, compared to the consensus estimate of $131.89 million. Shoals Technologies Group had a trailing twelve-month return on equity of 16.02% and a net margin of 8.18%.
What ETFs hold Shoals Technologies Group's stock?: ETFs with the largest weight of Shoals Technologies Group (NASDAQ:SHLS) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX), First Trust RBA American Industrial Renaissance ETF (AIRR), Invesco Solar ETF (TAN), Global X Clean Tech ETF (CTEC), Fidelity Clean Energy ETF (FRNW), iShares Global Clean Energy ETF (ICLN), Goldman Sachs Future Planet Equity ETF (GSFP) and Global X Solar ETF (RAYS).

What guidance has Shoals Technologies Group issued on next quarter's earnings?: Shoals Technologies Group issued an update on its first quarter 2024 earnings guidance on Wednesday, February, 28th. The company provided 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 IPO 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.
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 shareholders include Viking Fund Management LLC (0.09%) 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 4/17/2024 by MarketBeat.com Staff

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

Shoals Technologies Group MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Shoals Technologies Group Stock (NASDAQ:SHLS)

SHLS Stock Price History

SHLS Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

SHLS Stock Analysis - Frequently Asked Questions

Overall MarketRank^™