Most-Downgraded StocksMost-DowngradedNASDAQ:SHLS Shoals Technologies Group (SHLS) Stock Price, News & Analysis → [FREE Ticket] 27 Crypto Experts Reveal Their #1 Picks (From Crypto 101 Media) (Ad) Free SHLS Stock Alerts $6.41 -0.43 (-6.29%) (As of 05/17/2024 ET) Add Compare Share Share Today's Range$6.33▼$6.8250-Day Range$6.41▼$12.9952-Week Range$6.33▼$28.34Volume4.96 million shsAverage Volume5.03 million shsMarket Capitalization$1.09 billionP/E Ratio35.61Dividend YieldN/APrice Target$17.29 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 Buy2.58 Rating ScoreUpside/Downside169.8% Upside$17.29 Price TargetShort InterestBearish13.77% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.07Based on 17 Articles This WeekInsider TradingN/AProj. Earnings Growth34.09%From $0.44 to $0.59 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.3.29 out of 5 starsOils/Energy Sector111th out of 242 stocksSemiconductors & Related Devices Industry38th out of 87 stocks 4.3 Analyst's Opinion Consensus RatingShoals Technologies Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.58, and is based on 13 buy ratings, 4 hold ratings, and 2 sell ratings.Amount of Analyst CoverageShoals Technologies Group has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Shoals Technologies Group's stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted13.77% 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 5.4.Change versus previous monthShort interest in Shoals Technologies Group has recently increased by 3.39%, 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 2.8 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 0.62 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 17 news articles for Shoals Technologies Group this week, compared to 6 articles on an average week.Search Interest21 people have searched for SHLS on MarketBeat in the last 30 days. This is an increase of 133% compared to the previous 30 days.MarketBeat Follows6 people have added Shoals Technologies Group to their MarketBeat watchlist in the last 30 days. This is an increase of 500% 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.Read more about Shoals Technologies Group's insider trading history. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Shoals Technologies Group are expected to grow by 34.09% in the coming year, from $0.44 to $0.59 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Shoals Technologies Group is 35.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.94.Price to Earnings Ratio vs. SectorThe P/E ratio of Shoals Technologies Group is 35.61, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 16.14.Price to Book Value per Share RatioShoals Technologies Group has a P/B Ratio of 1.97. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Shoals Technologies Group's valuation and earnings. 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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 HeadlinesMay 17 at 9:07 PM | uk.finance.yahoo.comRobert Karr's Strategic Position Boost in Shoals Technologies Group IncMay 17 at 3:55 PM | finance.yahoo.comRobert Karr's Strategic Acquisition in Shoals Technologies Group IncMay 17 at 11:00 AM | businesswire.comThe Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Shoals Technologies Group, Inc. (SHLS)May 16 at 12:35 PM | prnewswire.comSHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Shoals Technologies Group, Inc. - SHLSMay 15 at 4:45 PM | prnewswire.comSHLS Investors Have Opportunity to Lead Shoals Technologies Group, Inc. Securities Fraud LawsuitMay 15 at 5:45 AM | prnewswire.comLevi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of May 21, 2024 in Shoals Technologies Group, Inc. Lawsuit - SHLSMay 14, 2024 | prnewswire.comThe Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of May 21, 2024 in Shoals Technologies Lawsuit - SHLSMay 13, 2024 | stockhouse.comShoals Technologies Group (SHLS) Faces Class Action After SHLS Belatedly Booked $50M Warranty Expense - Hagens BermanMay 13, 2024 | prnewswire.comROSEN, A TRUSTED AND LEADING LAW FIRM, Encourages Shoals Technologies Group, Inc. Investors to Secure Counsel Before Important May 21 Deadline in Securities Class Action - SHLSMay 13, 2024 | prnewswire.comShoals Technologies Group, Inc. Sued for Securities Law Violations - Contact Levi & Korsinsky Before May 21, 2024 to Discuss Your Rights - SHLSMay 12, 2024 | americanbankingnews.comMizuho Trims Shoals Technologies Group (NASDAQ:SHLS) Target Price to $13.00May 12, 2024 | americanbankingnews.comShoals Technologies Group, Inc. (NASDAQ:SHLS) Given Average Recommendation of "Moderate Buy" by BrokeragesMay 12, 2024 | americanbankingnews.comShoals Technologies Group (NASDAQ:SHLS) Price Target Lowered to $11.00 at TD CowenMay 12, 2024 | americanbankingnews.comShoals Technologies Group (NASDAQ:SHLS) Downgraded by Roth MkmMay 11, 2024 | americanbankingnews.comPiper Sandler Cuts Shoals Technologies Group (NASDAQ:SHLS) Price Target to $11.00May 11, 2024 | americanbankingnews.comCantor Fitzgerald Trims Shoals Technologies Group (NASDAQ:SHLS) Target Price to $14.00May 11, 2024 | americanbankingnews.comShoals Technologies Group, Inc. Expected to Post FY2024 Earnings of $0.44 Per Share (NASDAQ:SHLS)May 11, 2024 | americanbankingnews.comShoals Technologies Group (NASDAQ:SHLS) Shares Down 7.3% on Analyst DowngradeMay 10, 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 Lawsuits Against Shoals Technologies Group, Inc. - SHLSMay 9, 2024 | prnewswire.comSHLS Investors Have Opportunity to Lead Shoals Technologies Group, Inc. Securities Fraud LawsuitMay 9, 2024 | msn.comNorthland Capital Markets Downgrades Shoals Technologies Group (SHLS)May 9, 2024 | msn.comRoth MKM Downgrades Shoals Technologies Group (SHLS)May 9, 2024 | americanbankingnews.comShoals Technologies Group (NASDAQ:SHLS) Downgraded by Roth Capital to "Neutral"May 9, 2024 | americanbankingnews.comShoals Technologies Group (NASDAQ:SHLS) PT Lowered to $15.00May 9, 2024 | americanbankingnews.comShoals Technologies Group (NASDAQ:SHLS) Reaches New 1-Year Low After Analyst DowngradeSee 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 Earnings2/28/2024Today5/18/2024Next Earnings (Estimated)8/06/2024Fiscal 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$17.29 High Stock Price Target$33.00 Low Stock Price Target$6.00 Potential Upside/Downside+169.8%Consensus RatingModerate Buy Rating Score (0-4)2.58 Research Coverage19 Analysts Profitability EPS (Most Recent Fiscal Year)$0.18 Trailing P/E Ratio35.61 Forward P/E Ratio14.57 P/E GrowthN/ANet Income$39.97 million Net Margins6.42% Pretax Margin8.86% Return on Equity13.95% Return on Assets9.02% Debt Debt-to-Equity Ratio0.30 Current Ratio2.62 Quick Ratio1.87 Sales & Book Value Annual Sales$488.94 million Price / Sales2.23 Cash Flow$0.56 per share Price / Cash Flow11.51 Book Value$3.25 per share Price / Book1.97Miscellaneous Outstanding Shares170,420,000Free Float167,485,000Market Cap$1.09 billion OptionableOptionable Beta1.86 10 Best Stocks to Own in 2024Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio. 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 CompetitorsCanadian SolarNASDAQ:CSIQJinkoSolarNYSE:JKSSunPowerNASDAQ:SPWRSolarEdge TechnologiesNASDAQ:SEDGSuburban Propane PartnersNYSE:SPHView All CompetitorsInsiders & InstitutionsComerica BankBought 86,157 shares on 5/17/2024Ownership: 0.052%LBP AM SABought 20,298 shares on 5/17/2024Ownership: 0.044%Tidal Investments LLCBought 39,876 shares on 5/17/2024Ownership: 0.023%iA Global Asset Management Inc.Sold 263,270 shares on 5/17/2024Ownership: 0.005%Walleye Trading LLCSold 12,400 shares on 5/17/2024Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions SHLS Stock Analysis - Frequently Asked Questions Should I buy or sell Shoals Technologies Group stock right now? 19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shoals Technologies Group in the last year. There are currently 2 sell ratings, 4 hold ratings and 13 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? 19 equities research analysts have issued 12-month target prices for Shoals Technologies Group's shares. Their SHLS share price targets range from $6.00 to $33.00. On average, they expect the company's stock price to reach $17.29 in the next twelve months. This suggests a possible upside of 169.8% 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 2024. Since then, SHLS shares have decreased by 58.8% and is now trading at $6.41. 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, August 6th 2024. View our SHLS earnings forecast. How were Shoals Technologies Group's earnings last quarter? Shoals Technologies Group, Inc. (NASDAQ:SHLS) posted 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 business had revenue of $130.44 million for the quarter, compared to analysts' expectations of $131.89 million. Shoals Technologies Group had a net margin of 6.42% and a trailing twelve-month return on equity of 13.95%. 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), ProShares S&P Kensho Cleantech ETF (CTEX), Global X Clean Tech ETF (CTEC), Xtrackers US Green Infrastructure Select Equity ETF (UPGR), ALPS Clean Energy ETF (ACES), 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 second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $85.0 million-$95.0 million, compared to the consensus revenue estimate of $110.2 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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.71%), William Blair Investment Management LLC (6.00%), Clearbridge Investments LLC (5.24%), Joho Capital LLC (3.77%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (3.00%) and Grandeur Peak Global Advisors LLC (0.65%). 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 5/18/2024 by MarketBeat.com Staff From Our PartnersCEO of Biggest AI Chipmaker Just Dropped a Bombshell…Banyan Hill PublishingDems have chosen Biden replacement?Paradigm PressThe Overlooked Retirement Asset You Probably Don’t OwnCrypto 101 MediaA letter is coming from the "Bureau of the Fiscal Service".Stansberry ResearchCrypto Pioneer Says: “The last crypto bull market has begun.”InvestorPlaceBill Clinton Backing Biden Replacement???The Freeport SocietyUrgent Nvidia WarningAltimetryForget Bitcoin: This $8 Stock Is the Next Big ThingBehind the Markets 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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