Shoals Technologies Group (SHLS) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $4.34 to $4.60
• 50-Day Range: $4.15 to $6.46
• 52-Week Range: $4.07 to $17.50
• Volume: 2.95 million shs
• Average Volume: 4.99 million shs
• Market Capitalization: $741.59 million
• P/E Ratio: 22.25
• Dividend Yield: N/A
• Price Target: $11.68
• Consensus Rating: Hold

Shoals Technologies Group Stock Analysis - MarketRank™

Shoals Technologies Group scored higher than 87% of companies evaluated by MarketBeat, and ranked 66th out of 263 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.2 / 5
• Analyst Rating: Hold

Consensus Rating

Shoals Technologies Group has received a consensus rating of Hold. The company's average rating score is 2.41, and is based on 12 buy ratings, 7 hold ratings, and 3 sell ratings.

Amount of Analyst Coverage

Shoals Technologies Group has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 35.71%

Earnings Growth

Earnings for Shoals Technologies Group are expected to grow by 35.71% in the coming year, from $0.28 to $0.38 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Shoals Technologies Group is 22.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.84.

Price to Earnings Ratio vs. Sector

The P/E ratio of Shoals Technologies Group is 22.25, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.28.

Price to Earnings Growth Ratio

Shoals Technologies Group has a PEG Ratio of 0.61. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Shoals Technologies Group has a P/B Ratio of 1.36. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

11.75% of the float of Shoals Technologies Group has been sold short.

Short Interest Ratio / Days to Cover

Shoals Technologies Group has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Shoals Technologies Group has recently increased by 16.04%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Shoals Technologies Group does not currently pay a dividend.

Dividend Growth

Shoals Technologies Group does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

11.75% of the float of Shoals Technologies Group has been sold short.

Short Interest Ratio / Days to Cover

Shoals Technologies Group has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Shoals Technologies Group has recently increased by 16.04%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.20

News Sentiment

Shoals Technologies Group has a news sentiment score of 0.20. 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 0.69 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 21 news articles for Shoals Technologies Group this week, compared to 7 articles on an average week.

Search Interest

6 people have searched for SHLS on MarketBeat in the last 30 days. This is an increase of 20% compared to the previous 30 days.

MarketBeat Follows

Only 4 people have added Shoals Technologies Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Shoals Technologies Group insiders have bought 550.71% more of their company's stock than they have sold. Specifically, they have bought $101,465.00 in company stock and sold $15,593.00 in company stock.

Percentage Held by Insiders

Only 1.67% of the stock of Shoals Technologies Group is held by insiders.

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 beginning of 2024. Since then, SHLS stock has decreased by 71.4% and is now trading at $4.45.
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 quarterly earnings results on Tuesday, November, 12th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by $0.02. The firm's quarterly revenue was down 23.8% on a year-over-year basis.

When did Shoals Technologies Group IPO?

Shoals Technologies Group (SHLS) raised $1 billion in an initial public offering 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?

Top institutional shareholders of Shoals Technologies Group include Wellington Management Group LLP (7.87%), Point72 Asset Management L.P. (4.11%), State Street Corp (3.17%) and Geode Capital Management LLC (2.41%). Insiders that own company stock include Dean Solon, Jason R Whitaker, Brandon Moss, Jeffery Tolnar, Mehgan Peetz, Inez Lund, 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.

What other stocks do shareholders of Shoals Technologies Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Shoals Technologies Group investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), TotalEnergies (TTE) and Southern First Bancshares (SFST).

Company Calendar

• Last Earnings: 11/12/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/26/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Oils/Energy
• Industry: Semiconductors & related devices
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:SHLS
• CUSIP: N/A
• CIK: 1831651
• Web: www.shoals.com
• Phone: 615-451-1400
• Fax: N/A
• Employees: 1,309
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $11.68
• High Stock Price Target: $46.00
• Low Stock Price Target: $4.00
• Potential Upside/Downside: +162.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.41
• Research Coverage: 22 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.20
• Trailing P/E Ratio: 22.25
• Forward P/E Ratio: 15.89
• P/E Growth: 0.61
• Net Income: $39.97 million
• Net Margins: 7.78%
• Pretax Margin: 11.91%
• Return on Equity: 9.83%
• Return on Assets: 6.60%

Debt

• Debt-to-Equity Ratio: 0.26
• Current Ratio: 2.08
• Quick Ratio: 1.36

Sales & Book Value

• Annual Sales: $488.94 million
• Price / Sales: 1.52
• Cash Flow: $0.64 per share
• Price / Cash Flow: 6.98
• Book Value: $3.27 per share
• Price / Book: 1.36

Miscellaneous

• Outstanding Shares: 166,650,000
• Free Float: 163,863,000
• Market Cap: $741.59 million
• Optionable: Optionable
• Beta: 1.73