Most-Downgraded StocksMost-DowngradedNASDAQ:SHLS Shoals Technologies Group (SHLS) Stock Price, News & Analysis → Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THIS (From Paradigm Press) (Ad) Free SHLS Stock Alerts $8.24 +0.03 (+0.37%) (As of 03:39 PM ET) Add Compare Share Share Today's Range$8.06▼$8.3850-Day Range$8.21▼$17.0252-Week Range$8.06▼$28.34Volume1.77 million shsAverage Volume3.86 million shsMarket Capitalization$1.40 billionP/E Ratio32.96Dividend YieldN/APrice Target$21.06 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/Downside154.0% Upside$21.06 Price TargetShort InterestBearish15.50% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.08Based on 20 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.3.12 out of 5 starsOils/Energy Sector115th out of 230 stocksSemiconductors & Related Devices Industry46th out of 88 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 0.08. 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 0.53 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 20 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 2 people have added Shoals Technologies Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -71% 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 1.67% 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 33.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.28.Price to Earnings Ratio vs. SectorThe P/E ratio of Shoals Technologies Group is 33.16, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 18.34.Price to Book Value per Share RatioShoals 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. Previous Next See Top Rated MarketRank™ Stocks Here Ad Stansberry ResearchStrange new buyer driving up goldOne Wall Street trader just made a big new gold prediction: "Pay attention to physical demand for gold... the interest seen over the last week has been unprecedented."But there's a much better move you can make to get in front of these big moves today. 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 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 18, 2024 | stockhouse.comSHLS INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Reminds Shoals Technologies Group, Inc. Investors to Join the Class Action LawsuitApril 19, 2024 | Paradigm Press (Ad)Bitcoin Rockets To Record High But Buy THIS InsteadRecently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…April 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 19, 2024 | Paradigm Press (Ad)Bitcoin Rockets To Record High But Buy THIS InsteadRecently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…April 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 13, 2024 | americanbankingnews.comShoals Technologies Group (NASDAQ:SHLS) Price Target Cut to $14.00April 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 12, 2024 | americanbankingnews.comShoals Technologies Group (NASDAQ:SHLS) Reaches New 52-Week Low at $9.91April 11, 2024 | prnewswire.comSHLS Investors Have Opportunity to Lead Shoals Technologies Group, Inc. Securities Fraud LawsuitApril 11, 2024 | markets.businessinsider.comAnalyst Scoreboard: 15 Ratings For Shoals Technologies GrApril 10, 2024 | prnewswire.comROSEN, LEADING INVESTOR COUNSEL, Encourages Shoals Technologies Group, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - SHLSApril 10, 2024 | prnewswire.comLevi & Korsinsky Notifies Shareholders of Shoals Technologies Group, Inc. (SHLS) of a Class Action Lawsuit and an Upcoming DeadlineApril 9, 2024 | markets.businessinsider.comAnalysts Offer Insights on Technology Companies: Shoals Technologies Group (SHLS) and Marvell (MRVL)See 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 Earnings2/28/2024Today4/19/2024Next Earnings (Estimated)5/13/2024Fiscal 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$21.06 High Stock Price Target$33.00 Low Stock Price Target$13.00 Potential Upside/Downside+154.0%Consensus RatingModerate Buy Rating Score (0-4)2.82 Research Coverage17 Analysts Profitability EPS (Most Recent Fiscal Year)$0.25 Trailing P/E Ratio33.16 Forward P/E Ratio16.25 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 / Sales2.89 Cash Flow$0.60 per share Price / Cash Flow13.93 Book Value$3.20 per share Price / Book2.59Miscellaneous Outstanding Shares170,330,000Free Float167,485,000Market Cap$1.41 billion OptionableOptionable Beta1.79 Beginner's Guide to Pot Stock InvestingClick the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise. 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:CSIQSunPowerNASDAQ:SPWRSolarEdge TechnologiesNASDAQ:SEDGCentral PuertoNYSE:CEPUView All CompetitorsInsiders & InstitutionsSumitomo 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%PNC Financial Services Group Inc.Bought 1,429 shares on 3/22/2024Ownership: 0.007%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 twelve months. 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 equities research analysts have issued 12-month price targets for Shoals Technologies Group's stock. Their SHLS share price targets range from $13.00 to $33.00. On average, they expect the company's stock price to reach $21.06 in the next year. This suggests a possible upside of 154.0% 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 shares have decreased by 46.7% and is now trading at $8.29. 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) released its earnings results on Wednesday, February, 28th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate 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 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 First Trust RBA American Industrial Renaissance ETF (AIRR), Invesco Solar ETF (TAN), Global X Clean Tech ETF (CTEC), Fidelity Clean Energy ETF (FRNW), ProShares S&P Kensho Cleantech ETF (CTEX), 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 updated 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 initial public offering (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 acted 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 institutional and retail 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%) 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 4/19/2024 by MarketBeat.com Staff From Our PartnersThe “Perfect Storm” for GoldGold Safe ExchangeThe Best AI Stock to Own in the World Today is Trading for Just $25Banyan Hill PublishingBiden’s $374B Giveaway Into This SectorDTIYour Money is Not SafeAmerican AlternativeHe Is Giving Away BitcoinCrypto Swap ProfitsThe #1 Crypto for 2024InvestorPlaceSHOCKING Crypto Leak…Crypto 101 MediaMy biggest AI fearParadigm Press 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. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.