NASDAQ:SHLS Shoals Technologies Group (SHLS) Stock Price, News & Analysis $5.32 +0.04 (+0.76%) (As of 08/21/2024 ET) Add Compare Share Share Today's Range$5.19▼$5.3550-Day Range$5.12▼$7.0652-Week Range$4.88▼$22.40Volume1.47 million shsAverage Volume4.90 million shsMarket Capitalization$886.58 millionP/E Ratio29.56Dividend YieldN/APrice Target$11.76 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Shoals Technologies Group alerts: Email Address Shoals Technologies Group MarketRank™ Stock AnalysisAnalyst RatingHold2.37 Rating ScoreUpside/Downside121.1% Upside$11.76 Price TargetShort InterestHealthy14.92% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.86Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth50.00%From $0.32 to $0.48 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.3.98 out of 5 starsOils/Energy Sector76th out of 240 stocksSemiconductors & Related Devices Industry34th out of 85 stocks 4.2 Analyst's Opinion Consensus RatingShoals Technologies Group has received a consensus rating of Hold. The company's average rating score is 2.37, and is based on 11 buy ratings, 4 hold ratings, and 4 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.Read more about Shoals Technologies Group's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted14.92% 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 3.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Shoals Technologies Group has recently decreased by 4.24%, indicating that investor sentiment is improving. 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 2.1 News and Social Media Coverage News SentimentShoals Technologies Group has a news sentiment score of 0.86. 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 higher news sentiment than the 0.52 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Shoals Technologies Group this week, compared to 6 articles on an average week.Search InterestOnly 11 people have searched for SHLS on MarketBeat in the last 30 days. This is a decrease of -35% 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.Read more about Shoals Technologies Group's insider trading history. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Shoals Technologies Group are expected to grow by 50.00% in the coming year, from $0.32 to $0.48 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Shoals Technologies Group is 29.56, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 145.39.Price to Earnings Ratio vs. SectorThe P/E ratio of Shoals Technologies Group is 29.56, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.95.Price to Earnings Growth RatioShoals Technologies Group has a PEG Ratio of 0.67. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioShoals Technologies Group has a P/B Ratio of 1.66. 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. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanyThis technology could swing the electionHidden in America's forgotten towns, a groundbreaking energy discovery is taking shape. And it's happening right in our own backyard - in the heart of Appalachia.Don't be left in the dark – watch now. 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 HeadlinesAugust 20 at 2:46 AM | americanbankingnews.comShoals Technologies Group, Inc. (NASDAQ:SHLS) Given Consensus Recommendation of "Hold" by AnalystsAugust 15, 2024 | markets.businessinsider.comAnalysts Have Conflicting Sentiments on These Technology Companies: Shoals Technologies Group (SHLS) and Cellebrite DI (CLBT)August 22, 2024 | Behind the Markets (Ad)Secure this "AI Fuel" Stock Before the Billionaires Buy It AllAccording to the Washington Post, America is running out of a crucial component for AI. Without this "AI fuel," firms like NVIDIA would have to shut down their operations.August 12, 2024 | finance.yahoo.comShoals Technologies Group Appoints Niharika Taskar Ramdev to Its Board of DirectorsAugust 12, 2024 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Technology Stocks: Shoals Technologies Group (SHLS), Rapid7 (RPD) and Intapp (INTA)August 12, 2024 | americanbankingnews.comNorthland Securities Cuts Shoals Technologies Group (NASDAQ:SHLS) Price Target to $4.00August 12, 2024 | americanbankingnews.comShoals Technologies Group (NASDAQ:SHLS) Price Target Cut to $7.00 by Analysts at BarclaysAugust 11, 2024 | finance.yahoo.comAnalysts Just Shaved Their Shoals Technologies Group, Inc. (NASDAQ:SHLS) Forecasts DramaticallyAugust 22, 2024 | Behind the Markets (Ad)Secure this "AI Fuel" Stock Before the Billionaires Buy It AllAccording to the Washington Post, America is running out of a crucial component for AI. Without this "AI fuel," firms like NVIDIA would have to shut down their operations.August 8, 2024 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Technology Stocks: Shoals Technologies Group (SHLS), Jamf Holding (JAMF) and Wix (WIX)August 8, 2024 | msn.comShould You Invest In Shoals Technologies Group, Inc. (SHLS) Right Now?August 8, 2024 | benzinga.comDecoding 6 Analyst Evaluations For Shoals Technologies GrAugust 7, 2024 | markets.businessinsider.comBuy Rating Affirmed for Shoals Technologies Group Amidst Strong Demand and Solid MarginsAugust 6, 2024 | globenewswire.comShoals Technologies Group, Inc. Reports Financial Results for Second Quarter 2024August 5, 2024 | ca.finance.yahoo.comShoals Technologies Group, Inc. (SHLS.MX)July 29, 2024 | seekingalpha.comShoals Technologies: Attractive Long-Term Growth Potential Despite Temporary HeadwindsJuly 27, 2024 | globenewswire.comSHOALS ALERT: Bragar Eagel & Squire, P.C. is Investigating Shoals Technologies Group, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the FirmJuly 25, 2024 | 247wallst.comShoals Technologies Group Inc - Class ASee 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 Earnings8/06/2024Today8/21/2024Next Earnings (Estimated)11/05/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorOils/Energy Industry Semiconductors & related devices Sub-IndustryElectronic Equipment Current SymbolNASDAQ:SHLS CUSIPN/A CIK1831651 Webwww.shoals.com Phone615-451-1400FaxN/AEmployees1,309Year FoundedN/APrice Target and Rating Average Stock Price Target$11.76 High Stock Price Target$23.00 Low Stock Price Target$4.00 Potential Upside/Downside+121.1%Consensus RatingHold Rating Score (0-4)2.37 Research Coverage19 Analysts Profitability EPS (Most Recent Fiscal Year)$0.18 Trailing P/E Ratio29.56 Forward P/E Ratio16.63 P/E Growth0.67Net Income$39.97 million Net Margins5.13% Pretax Margin7.13% Return on Equity12.75% Return on Assets8.38% Debt Debt-to-Equity Ratio0.27 Current Ratio2.26 Quick Ratio1.50 Sales & Book Value Annual Sales$488.94 million Price / Sales1.81 Cash Flow$0.60 per share Price / Cash Flow8.82 Book Value$3.20 per share Price / Book1.66Miscellaneous Outstanding Shares166,650,000Free Float167,574,000Market Cap$886.58 million OptionableOptionable Beta1.76 7 Energy Stocks to Buy and Hold ForeverDo you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part 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 CompetitorsSiTimeNASDAQ:SITMKulicke and Soffa IndustriesNASDAQ:KLICSilicon Motion TechnologyNASDAQ:SIMONapco Security TechnologiesNASDAQ:NSSCViavi SolutionsNASDAQ:VIAVView All CompetitorsInsiders & InstitutionsPoint72 Asset Management L.P.Sold 2,710,777 shares on 8/19/2024Ownership: 0.717%Susquehanna International Group LLPSold 50,400 shares on 8/16/2024Ownership: 0.000%Algert Global LLCBought 78,476 shares on 8/16/2024Ownership: 0.053%The Manufacturers Life Insurance Company Bought 3,699 shares on 8/15/2024Ownership: 0.060%Mackenzie Financial CorpBought 10,319 shares on 8/15/2024Ownership: 0.006%View All Insider TransactionsView All Institutional Transactions SHLS Stock Analysis - Frequently Asked Questions How have SHLS shares performed this year? Shoals Technologies Group's stock was trading at $15.54 at the start of the year. Since then, SHLS stock has decreased by 65.8% and is now trading at $5.32. View the best growth stocks for 2024 here. How were Shoals Technologies Group's earnings last quarter? Shoals Technologies Group, Inc. (NASDAQ:SHLS) issued its earnings results on Tuesday, August, 6th. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.02. The company's revenue for the quarter was down 16.7% on a year-over-year basis. 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 top institutional investors include Encompass Capital Advisors LLC (2.20%), Millennium Management LLC (1.98%), William Blair Investment Management LLC (1.11%) and SIR Capital Management L.P. (1.05%). Insiders that own company stock include Dean Solon, Jason R Whitaker, Mehgan Peetz, Jeffery Tolnar, Ty P Daul and Philip A Garton. 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 8/22/2024 by MarketBeat.com Staff From Our PartnersWhat Is the $7,882 Stimulus Payment 2024?Biden’s government just announced a new government "stimulus program"... 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