Most-Downgraded StocksMost-DowngradedNASDAQ:SHLS Shoals Technologies Group (SHLS) Stock Price, News & Analysis $5.65 +0.17 (+3.10%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$5.33▼$5.7450-Day Range$5.10▼$7.0652-Week Range$4.88▼$22.40Volume6.62 million shsAverage Volume5.51 million shsMarket Capitalization$941.57 millionP/E Ratio31.39Dividend YieldN/APrice Target$11.06 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 RatingHold2.35 Rating ScoreUpside/Downside95.7% Upside$11.06 Price TargetShort InterestHealthy12.17% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.10Based on 18 Articles This WeekInsider TradingN/AProj. Earnings Growth54.84%From $0.31 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.4.11 out of 5 starsOils/Energy Sector65th out of 239 stocksSemiconductors & Related Devices Industry31st 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 2.35, and is based on 11 buy ratings, 5 hold ratings, and 4 sell ratings.Amount of Analyst CoverageShoals Technologies Group has been the subject of 13 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 4.0 Short Interest Percentage of Shares Shorted12.17% 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 3.4, 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 20.22%, 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 1.7 News and Social Media Coverage News SentimentShoals Technologies Group has a news sentiment score of 0.10. 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 0.65 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 6 articles on an average week.Search InterestOnly 9 people have searched for SHLS on MarketBeat in the last 30 days. This is a decrease of -40% 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 -67% 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 54.84% in the coming year, from $0.31 to $0.48 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Shoals Technologies Group is 31.39, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.02.Price to Earnings Ratio vs. SectorThe P/E ratio of Shoals Technologies Group is 31.39, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 13.67.Price to Earnings Growth RatioShoals Technologies Group has a PEG Ratio of 0.82. 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 1.73. 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 & CompanyWhy billionaires are wiring money to abandoned towns A new force is brewing in these forgotten towns that could soon turn Appalachia into one of America’s most valuable economic hubs – the beating heart of a new multi-billion-dollar revolution. Click here for my exclusive video 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 HeadlinesSeptember 7 at 3:54 AM | markets.businessinsider.comRBC Capital Sticks to Their Buy Rating for Shoals Technologies Group (SHLS)September 5 at 2:47 PM | globenewswire.comShoals Technology Group, Inc. Hosted Inaugural Investor DaySeptember 7, 2024 | Deal Maker (Ad)The solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.September 5 at 8:35 AM | stockhouse.comShoals Technology Group, Inc. Hosts Inaugural Investor DaySeptember 5 at 4:37 AM | americanbankingnews.comShoals Technologies Group (NASDAQ:SHLS) Now Covered by Analysts at Jefferies Financial GroupSeptember 4 at 11:34 AM | seekingalpha.comShoals Technologies Stock: Why I'm Staying Bullish Despite The Recent SetbacksSeptember 4 at 3:42 AM | markets.businessinsider.comShoals Technologies Group (SHLS) Gets a Buy from Truist FinancialSeptember 3, 2024 | globenewswire.comShoals Technologies Group Secures Favorable Initial Ruling in ITC Case Against Voltage, LLCSeptember 7, 2024 | Deal Maker (Ad)The solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.September 2, 2024 | markets.businessinsider.comGoldman Sachs Sticks to Its Buy Rating for Shoals Technologies Group (SHLS)August 29, 2024 | americanbankingnews.comFY2024 EPS Estimates for Shoals Technologies Group, Inc. Decreased by Cantor Fitzgerald (NASDAQ:SHLS)August 28, 2024 | markets.businessinsider.comRoth MKM Remains a Hold on Shoals Technologies Group (SHLS)August 15, 2024 | markets.businessinsider.comAnalysts Have Conflicting Sentiments on These Technology Companies: Shoals Technologies Group (SHLS) and Cellebrite DI (CLBT)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 11, 2024 | finance.yahoo.comAnalysts Just Shaved Their Shoals Technologies Group, Inc. (NASDAQ:SHLS) Forecasts DramaticallyAugust 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?See 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 Earnings8/06/2024Today9/07/2024Next 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$11.06 High Stock Price Target$23.00 Low Stock Price Target$4.00 Potential Upside/Downside+95.7%Consensus RatingHold Rating Score (0-4)2.35 Research Coverage20 Analysts Profitability EPS (Most Recent Fiscal Year)$0.18 Trailing P/E Ratio31.39 Forward P/E Ratio18.23 P/E Growth0.73Net 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$454.70 million Price / Sales2.12 Cash Flow$0.62 per share Price / Cash Flow9.07 Book Value$3.20 per share Price / Book1.77Miscellaneous Outstanding Shares170,420,000Free Float167,574,000Market Cap$962.87 million OptionableOptionable Beta1.74 7 Stocks That Could Be Bigger Than Tesla, Nvidia, and GoogleGrowth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for 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 CompetitorsLG DisplayNYSE:LPLLumentumNASDAQ:LITESiTimeNASDAQ:SITMKulicke and Soffa IndustriesNASDAQ:KLICSilicon Motion TechnologyNASDAQ:SIMOView All CompetitorsInsiders & InstitutionsClearbridge Investments LLCSold 4,773,169 shares on 8/27/2024Ownership: 2.438%Point72 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%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 beginning of the year. Since then, SHLS stock has decreased by 63.6% and is now trading at $5.65. View the best growth stocks for 2024 here. How were Shoals Technologies Group's earnings last quarter? Shoals Technologies Group, Inc. (NASDAQ:SHLS) announced its quarterly earnings results on Tuesday, August, 6th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02. Shoals Technologies Group's revenue was down 16.7% compared to the same quarter last year. 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 Clearbridge Investments LLC (2.44%), Encompass Capital Advisors LLC (2.20%), Millennium Management LLC (1.98%) and William Blair Investment Management LLC (1.11%). 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 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. 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