SHLS vs. CSIQ, JKS, SPWR, SEDG, SPH, NRP, CLMT, PFHC, DMLP, and PUMP
Should you be buying Shoals Technologies Group stock or one of its competitors? The main competitors of Shoals Technologies Group include Canadian Solar (CSIQ), JinkoSolar (JKS), SunPower (SPWR), SolarEdge Technologies (SEDG), Suburban Propane Partners (SPH), Natural Resource Partners (NRP), Calumet Specialty Products Partners (CLMT), ProFrac (PFHC), Dorchester Minerals (DMLP), and ProPetro (PUMP). These companies are all part of the "oils/energy" sector.
Shoals Technologies Group (NASDAQ:SHLS) and Canadian Solar (NASDAQ:CSIQ) are both small-cap oils/energy companies, but which is the better investment? We will compare the two businesses based on the strength of their earnings, risk, profitability, dividends, analyst recommendations, valuation, institutional ownership, community ranking and media sentiment.
Canadian Solar received 462 more outperform votes than Shoals Technologies Group when rated by MarketBeat users. Likewise, 59.11% of users gave Canadian Solar an outperform vote while only 47.30% of users gave Shoals Technologies Group an outperform vote.
52.4% of Canadian Solar shares are held by institutional investors. 1.7% of Shoals Technologies Group shares are held by company insiders. Comparatively, 21.5% of Canadian Solar shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.
Shoals Technologies Group has a net margin of 6.42% compared to Canadian Solar's net margin of 2.80%. Shoals Technologies Group's return on equity of 13.95% beat Canadian Solar's return on equity.
Canadian Solar has higher revenue and earnings than Shoals Technologies Group. Canadian Solar is trading at a lower price-to-earnings ratio than Shoals Technologies Group, indicating that it is currently the more affordable of the two stocks.
Shoals Technologies Group has a beta of 1.86, indicating that its stock price is 86% more volatile than the S&P 500. Comparatively, Canadian Solar has a beta of 1.29, indicating that its stock price is 29% more volatile than the S&P 500.
In the previous week, Shoals Technologies Group had 5 more articles in the media than Canadian Solar. MarketBeat recorded 12 mentions for Shoals Technologies Group and 7 mentions for Canadian Solar. Canadian Solar's average media sentiment score of 0.45 beat Shoals Technologies Group's score of 0.07 indicating that Canadian Solar is being referred to more favorably in the news media.
Shoals Technologies Group currently has a consensus price target of $17.29, indicating a potential upside of 169.80%. Canadian Solar has a consensus price target of $31.78, indicating a potential upside of 101.64%. Given Shoals Technologies Group's stronger consensus rating and higher possible upside, research analysts plainly believe Shoals Technologies Group is more favorable than Canadian Solar.
Summary
Shoals Technologies Group beats Canadian Solar on 10 of the 18 factors compared between the two stocks.
Get Shoals Technologies Group News Delivered to You Automatically
Sign up to receive the latest news and ratings for SHLS and its competitors with MarketBeat's FREE daily newsletter.
This chart shows the number of new MarketBeat users adding SHLS and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
Shoals Technologies Group Competitors List
Related Companies and Tools
