Most-Downgraded StocksMost-DowngradedNASDAQ:SHLS Shoals Technologies Group (SHLS) Stock Price, News & Analysis → Top Project Outperforms BTC in 2023… (From Crypto 101 Media) (Ad) Free SHLS Stock Alerts $11.18 -0.58 (-4.93%) (As of 03/28/2024 ET) Add Compare Share Share Today's Range$11.00▼$11.8550-Day Range$11.14▼$17.0252-Week Range$11.00▼$28.34Volume7.13 million shsAverage Volume4.06 million shsMarket Capitalization$1.90 billionP/E Ratio44.72Dividend YieldN/APrice Target$21.18 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/Downside89.4% Upside$21.18 Price TargetShort InterestHealthy15.40% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.06Based on 18 Articles This WeekInsider TradingN/AProj. Earnings Growth52.00%From $0.50 to $0.76 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.3.81 out of 5 starsOils/Energy Sector73rd out of 243 stocksSemiconductors & Related Devices Industry28th out of 91 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.Price Target Upside/DownsideAccording to analysts' consensus price target of $21.18, Shoals Technologies Group has a forecasted upside of 89.4% from its current price of $11.18.Amount of Analyst CoverageShoals Technologies Group has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted15.40% 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 7.2.Change versus previous monthShort interest in Shoals Technologies Group has recently decreased by 5.75%, indicating that investor sentiment is improving significantly. 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 0.06. 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 0.58 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 18 news articles for Shoals Technologies Group this week, compared to 4 articles on an average week.Search InterestOnly 7 people have searched for SHLS on MarketBeat in the last 30 days. This is a decrease of -13% compared to the previous 30 days.MarketBeat Follows8 people have added Shoals Technologies Group to their MarketBeat watchlist in the last 30 days. This is an increase of 300% 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 52.00% in the coming year, from $0.50 to $0.76 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Shoals Technologies Group is 44.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.68.Price to Earnings Ratio vs. SectorThe P/E ratio of Shoals Technologies Group is 44.72, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 18.80.Price to Book Value per Share RatioShoals Technologies Group has a P/B Ratio of 3.49. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto 101 MediaTop Project Outperforms BTC in 2023…According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.Just click here for instant access to the #1 Coin for 2024. 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 HeadlinesMarch 29, 2024 | prnewswire.comThe Gross Law Firm Reminds Shoals Technologies Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 21, 2024 - SHLSMarch 28, 2024 | businesswire.comThe Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Shoals Technologies Group, Inc. (SHLS) InvestorsMarch 29, 2024 | Crypto 101 Media (Ad)Top Project Outperforms BTC in 2023…According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.March 26, 2024 | businesswire.comGlancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Shoals Technologies Group, Inc. (SHLS) on Behalf of InvestorsMarch 26, 2024 | businesswire.comINVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Shoals Technologies Group, Inc. (SHLS) on Behalf of InvestorsMarch 26, 2024 | markets.businessinsider.comAttention Current Long-term Shoals Technologies Group, Inc. (SHLS) ShareholdersMarch 25, 2024 | businesswire.comSHLS INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Shoals Technologies Group, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!March 25, 2024 | prnewswire.comSHLS INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Shoals Technologies Group, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!March 29, 2024 | Crypto 101 Media (Ad)Top Project Outperforms BTC in 2023…According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.March 25, 2024 | businesswire.comSHLS INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Shoals Technologies Group, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!March 25, 2024 | businesswire.comShoals Technologies Group, Inc. (SHLS) Stockholder Alert: Robbins LLP Reminds Investors of Class Action Filed Against Shoals Technologies Group, Inc.March 25, 2024 | businesswire.comKirby McInerney LLP Announces the Filing of a Securities Class Action on Behalf of Shoals Technologies Group, Inc. (SHLS) InvestorsMarch 25, 2024 | businesswire.comThe Law Offices of Frank R. Cruz Announces Investigation of Shoals Technologies Group, Inc. (SHLS) on Behalf of InvestorsMarch 24, 2024 | prnewswire.comROSEN, SKILLED INVESTOR COUNSEL, Encourages Shoals Technologies Group, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - SHLSMarch 23, 2024 | americanbankingnews.comShoals Technologies Group, Inc. (NASDAQ:SHLS) Given Average Recommendation of "Moderate Buy" by AnalystsMarch 22, 2024 | businesswire.comSHLS INVESTOR NEWS: ROSEN, LEADING INVESTOR COUNSEL, Encourages Shoals Technologies Group, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – SHLSMarch 21, 2024 | americanbankingnews.comShoals Technologies Group (NASDAQ:SHLS) Sets New 1-Year Low at $11.48March 12, 2024 | finance.yahoo.comShould Consider Selling Shoals Technologies Group (SHLS) Due to Uncertainty Issues?March 12, 2024 | finance.yahoo.comShoals Technologies Group Asserts Its Intellectual Property Rights and Vows to Defend PatentMarch 11, 2024 | markets.businessinsider.comPiper Sandler Reaffirms Their Buy Rating on Shoals Technologies Group (SHLS)March 7, 2024 | finance.yahoo.comTime To Worry? Analysts Are Downgrading Their Shoals Technologies Group, Inc. (NASDAQ:SHLS) OutlookMarch 7, 2024 | finance.yahoo.comShoals Technologies Group Appoints CEO Brandon Moss to Its Board of DirectorsMarch 6, 2024 | seekingalpha.comShoals- FCF Improvement Is Underappreciated, But No Pressing Need To Buy NowMarch 4, 2024 | investorplace.comSolar Surge? 3 Stocks to Buy Amid the Sector's Comeback.March 2, 2024 | finance.yahoo.comEarnings Miss: Shoals Technologies Group, Inc. Missed EPS By 13% And Analysts Are Revising Their ForecastsMarch 1, 2024 | markets.businessinsider.comDemystifying Shoals Technologies Gr: Insights From 12 Analyst ReviewsMarch 1, 2024 | seekingalpha.comShoals Technologies Group, Inc. (SHLS) Q4 2023 Earnings Call TranscriptSee 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 Earnings2/28/2024Today3/29/2024Next 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$21.18 High Stock Price Target$33.00 Low Stock Price Target$13.00 Potential Upside/Downside+89.4%Consensus RatingModerate Buy Rating Score (0-4)2.82 Research Coverage17 Analysts Profitability EPS (Most Recent Fiscal Year)$0.25 Trailing P/E Ratio44.72 Forward P/E Ratio22.36 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 / Sales3.89 Cash Flow$0.56 per share Price / Cash Flow19.79 Book Value$3.20 per share Price / Book3.49Miscellaneous Outstanding Shares170,330,000Free Float167,485,000Market Cap$1.90 billion OptionableOptionable Beta1.82 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. Get This Free Report Key ExecutivesMr. Jeffery Tolnar (Age 60)President Comp: $499.08kMr. Dominic Bardos (Age 58)Chief Financial Officer Comp: $566.2kMs. Mehgan Peetz (Age 42)General Counsel, Chief Legal Officer & Corporate Secretary Comp: $613.32kMr. Brandon Moss (Age 44)Director & CEO Ms. 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 More ExecutivesKey CompetitorsJinkoSolarNYSE:JKSCanadian SolarNASDAQ:CSIQSolarEdge TechnologiesNASDAQ:SEDGVermilion EnergyNYSE:VETDelek USNYSE:DKView All CompetitorsInsiders & InstitutionsPNC Financial Services Group Inc.Bought 1,429 shares on 3/22/2024Ownership: 0.007%Healthcare of Ontario Pension Plan Trust FundSold 185,575 shares on 3/21/2024Ownership: 0.221%SCP Investment LPBought 44,600 shares on 3/14/2024Ownership: 0.026%Vanguard Group Inc.Bought 225,464 shares on 3/11/2024Ownership: 9.605%Wellington Management Group LLPBought 2,864,879 shares on 3/5/2024Ownership: 7.592%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 brokers have issued 12-month price objectives 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 share price to reach $21.18 in the next year. This suggests a possible upside of 89.4% 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 28.1% and is now trading at $11.18. 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) announced its quarterly 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 company had revenue of $130.44 million for the quarter, compared to analysts' expectations 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 Invesco Solar ETF (TAN), ALPS Clean Energy ETF (ACES), ProShares S&P Kensho Cleantech ETF (CTEX), First Trust RBA American Industrial Renaissance ETF (AIRR), SPDR S&P Kensho Intelligent Structures ETF (SIMS), Global X Clean Tech ETF (CTEC), SPDR S&P Kensho Clean Power ETF (CNRG) and Fidelity Clean Energy ETF (FRNW). 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 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 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 a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.62%), Vanguard Group Inc. (9.61%), Wellington Management Group LLP (7.59%), Clearbridge Investments LLC (5.28%), Handelsbanken Fonder AB (1.48%) and Goldman Sachs Group Inc. (1.30%). 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 3/29/2024 by MarketBeat.com Staff From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeGrab Your Free Bitcoin Today!Crypto Swap ProfitsMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceTop Project Outperforms BTC in 2023…Crypto 101 Media“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryForget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISParadigm PressThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyOnly a fool would buy Nvidia today… Porter & Company 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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