Shoals Technologies Group (SHLS) Expected to Announce Earnings on Wednesday

Shoals Technologies Group (NASDAQ:SHLS - Get Free Report) is anticipated to release its earnings data before the market opens on Wednesday, February 26th. Analysts expect Shoals Technologies Group to post earnings of $0.09 per share and revenue of $102.16 million for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

Shoals Technologies Group Price Performance

Shoals Technologies Group stock traded down $0.07 during midday trading on Friday, reaching $4.52. 4,573,139 shares of the company were exchanged, compared to its average volume of 6,385,017. The company has a market capitalization of $753.48 million, a price-to-earnings ratio of 22.60, a P/E/G ratio of 0.49 and a beta of 1.62. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.36 and a current ratio of 2.08. The firm's 50-day simple moving average is $4.91 and its 200-day simple moving average is $5.19. Shoals Technologies Group has a 1 year low of $3.83 and a 1 year high of $16.19.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SHLS. Piper Sandler reduced their price objective on shares of Shoals Technologies Group from $10.00 to $8.00 and set an "overweight" rating on the stock in a research note on Friday, November 22nd. Truist Financial cut their price target on Shoals Technologies Group from $8.00 to $7.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Mizuho reduced their price target on Shoals Technologies Group from $7.00 to $6.00 and set an "outperform" rating on the stock in a research note on Friday, January 24th. Guggenheim lowered their price objective on Shoals Technologies Group from $8.00 to $7.00 and set a "buy" rating for the company in a research report on Thursday, November 21st. Finally, Morgan Stanley upgraded Shoals Technologies Group from an "equal weight" rating to an "overweight" rating and set a $7.00 target price for the company in a research note on Tuesday, December 17th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $9.48.

Shoals Technologies Group Company Profile

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.