Most-Downgraded StocksMost-DowngradedNASDAQ:SHLS Shoals Technologies Group (SHLS) Stock Price, News & Analysis $6.14 +0.11 (+1.82%) (As of 10:39 AM ET) Add Compare Share Share Today's Range$5.94▼$6.2250-Day Range$6.00▼$9.0052-Week Range$5.69▼$28.34Volume859,134 shsAverage Volume4.76 million shsMarket Capitalization$1.05 billionP/E Ratio34.11Dividend YieldN/APrice Target$16.06 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 RatingHold2.47 Rating ScoreUpside/Downside166.3% Upside$16.06 Price TargetShort InterestBearish15.41% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.36Based on 13 Articles This WeekInsider TradingN/AProj. Earnings Growth34.09%From $0.44 to $0.59 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.2.85 out of 5 starsOils/Energy Sector130th out of 234 stocksSemiconductors & Related Devices Industry44th out of 87 stocks 4.2 Analyst's Opinion Consensus RatingShoals Technologies Group has received a consensus rating of Hold. The company's average rating score is 2.47, and is based on 12 buy ratings, 4 hold ratings, and 3 sell ratings.Amount of Analyst CoverageShoals Technologies Group has been the subject of 10 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 1.0 Short Interest Percentage of Shares Shorted15.41% 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 4.5.Change versus previous monthShort interest in Shoals Technologies Group has recently increased by 21.12%, indicating that investor sentiment is decreasing 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 1.9 News and Social Media Coverage News SentimentShoals Technologies Group has a news sentiment score of 0.36. 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 0.72 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 13 news articles for Shoals Technologies Group this week, compared to 6 articles on an average week.Search InterestOnly 13 people have searched for SHLS on MarketBeat in the last 30 days. This is a decrease of -48% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Shoals Technologies Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -56% 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 0.36% of the stock of Shoals Technologies Group is held by insiders.Read more about Shoals Technologies Group's insider trading history. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Shoals Technologies Group are expected to grow by 34.09% in the coming year, from $0.44 to $0.59 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Shoals Technologies Group is 33.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.18.Price to Earnings Ratio vs. SectorThe P/E ratio of Shoals Technologies Group is 33.50, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 13.88.Price to Book Value per Share RatioShoals Technologies Group has a P/B Ratio of 1.88. 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 Chaikin Analytics50-year Wall Street Legend: “Prepare for a cash avalanche”The Dow crossed 40,000 for the first time in history… The S&P has hit over 30 all-time highs since the start of the year.So why are top hedge funds currently dumping their stocks? 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 HeadlinesJuly 4 at 6:05 AM | americanbankingnews.comShoals Technologies Group (NASDAQ:SHLS) Shares Gap Down to $6.11July 4 at 2:56 AM | americanbankingnews.comAnalysts Set Shoals Technologies Group, Inc. (NASDAQ:SHLS) Target Price at $17.29July 5, 2024 | Chaikin Analytics (Ad)50-year Wall Street Legend: “Prepare for a cash avalanche”The Dow crossed 40,000 for the first time in history… The S&P has hit over 30 all-time highs since the start of the year.July 3 at 6:50 AM | americanbankingnews.comShoals Technologies Group (NASDAQ:SHLS) Sets New 52-Week Low at $6.07July 3 at 3:29 AM | americanbankingnews.comCitigroup Downgrades Shoals Technologies Group (NASDAQ:SHLS) to SellJuly 2 at 9:26 AM | americanbankingnews.comShoals Technologies Group, Inc. (NASDAQ:SHLS) Short Interest Up 21.1% in JuneJune 27, 2024 | investorplace.com3 Solar Stocks to Buy on the Dip: June 2024June 24, 2024 | investorplace.com3 Renewable Energy Stocks That Could Make Your Grandchildren RichJuly 5, 2024 | Chaikin Analytics (Ad)50-year Wall Street Legend: “Prepare for a cash avalanche”The Dow crossed 40,000 for the first time in history… The S&P has hit over 30 all-time highs since the start of the year.June 21, 2024 | investorplace.com3 Solar Stocks to Buy Now: June 2024June 17, 2024 | globenewswire.comShoals Technologies Group to Launch Global Suite of Solutions at Intersolar EuropeJune 13, 2024 | globenewswire.comShoals Technologies Group, Inc. to Host 2024 Inaugural Investor DayJune 11, 2024 | benzinga.comShoals Technologies, Affirm Holdings, Apple And Other Big Stocks Moving Higher On TuesdayMay 31, 2024 | globenewswire.comShoals Technologies Group, Inc. Announces Participation in Upcoming Investor EventsMay 29, 2024 | finance.yahoo.comAt US$7.95, Is Shoals Technologies Group, Inc. (NASDAQ:SHLS) Worth Looking At Closely?May 23, 2024 | markets.businessinsider.comNotice to Current Long-Term Shoals Technologies Group, Inc. (SHLS) ShareholdersMay 22, 2024 | seekingalpha.comShoals Technologies: Market And Warranty UpdateMay 21, 2024 | prnewswire.comThe Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of May 21, 2024 in Shoals Technologies Group, Inc. Lawsuit - SHLSMay 20, 2024 | prnewswire.comSHLS Investors Have Opportunity to Lead Shoals Technologies Group, Inc. Securities Fraud LawsuitMay 20, 2024 | investorplace.com7 Solar Stocks That Could Be Millionaire-Makers: May EditionMay 17, 2024 | uk.finance.yahoo.comRobert Karr's Strategic Position Boost in Shoals Technologies Group IncMay 17, 2024 | finance.yahoo.comRobert Karr's Strategic Acquisition in Shoals Technologies Group IncMay 17, 2024 | businesswire.comThe Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Shoals Technologies Group, Inc. (SHLS)May 16, 2024 | prnewswire.comSHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Shoals Technologies Group, Inc. - SHLSMay 15, 2024 | prnewswire.comSHLS Investors Have Opportunity to Lead Shoals Technologies Group, Inc. Securities Fraud LawsuitMay 15, 2024 | prnewswire.comLevi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of May 21, 2024 in Shoals Technologies Group, Inc. Lawsuit - SHLSMay 14, 2024 | prnewswire.comThe Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of May 21, 2024 in Shoals Technologies Lawsuit - SHLSSee 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 Earnings5/07/2024Today7/04/2024Next Earnings (Estimated)8/06/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorOils/Energy Industry Semiconductors & related devices Sub-IndustryN/A Current SymbolNASDAQ:SHLS CUSIPN/A CIK1831651 Webwww.shoals.com Phone615-451-1400FaxN/AEmployees1,309Year FoundedN/APrice Target and Rating Average Stock Price Target$16.06 High Stock Price Target$33.00 Low Stock Price Target$5.00 Potential Upside/Downside+166.3%Consensus RatingHold Rating Score (0-4)2.47 Research Coverage19 Analysts Profitability EPS (Most Recent Fiscal Year)$0.18 Trailing P/E Ratio33.50 Forward P/E Ratio13.70 P/E GrowthN/ANet Income$39.97 million Net Margins6.42% Pretax Margin8.86% Return on Equity13.95% Return on Assets9.02% Debt Debt-to-Equity Ratio0.30 Current Ratio2.62 Quick Ratio1.87 Sales & Book Value Annual Sales$488.94 million Price / Sales2.10 Cash Flow$0.60 per share Price / Cash Flow10.10 Book Value$3.20 per share Price / Book1.88Miscellaneous Outstanding Shares170,420,000Free Float169,806,000Market Cap$1.03 billion OptionableOptionable Beta1.76 13 Stocks Institutional Investors Won't Stop BuyingWhich stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.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 CompetitorsPower IntegrationsNASDAQ:POWIIPG PhotonicsNASDAQ:IPGPSilicon LaboratoriesNASDAQ:SLABSynapticsNASDAQ:SYNADiodesNASDAQ:DIODView All CompetitorsInsiders & InstitutionsDekaBank Deutsche GirozentraleBought 17,203 shares on 6/4/2024Ownership: 0.016%Redwood Grove Capital LLCBought 692,400 shares on 5/23/2024Ownership: 0.406%Swedbank ABBought 2,260,142 shares on 5/21/2024Ownership: 1.326%Virtu Financial LLCBought 91,138 shares on 5/20/2024Ownership: 0.061%Walleye Trading LLCSold 12,400 shares on 5/17/2024Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions SHLS Stock Analysis - Frequently Asked Questions Should I buy or sell Shoals Technologies Group stock right now? 19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shoals Technologies Group in the last twelve months. There are currently 3 sell ratings, 4 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SHLS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SHLS, but not buy additional shares or sell existing shares. View SHLS analyst ratings or view top-rated stocks. What is Shoals Technologies Group's stock price target for 2024? 19 equities research analysts have issued 12-month price targets for Shoals Technologies Group's stock. Their SHLS share price targets range from $5.00 to $33.00. On average, they expect the company's stock price to reach $16.06 in the next year. This suggests a possible upside of 166.3% from the stock's current price. View analysts price targets for SHLS or view top-rated stocks among Wall Street analysts. How have SHLS shares performed in 2024? Shoals Technologies Group's stock was trading at $15.54 at the start of the year. Since then, SHLS shares have decreased by 61.2% and is now trading at $6.03. View the best growth stocks for 2024 here. Are investors shorting Shoals Technologies Group? Shoals Technologies Group saw a increase in short interest in June. As of June 15th, there was short interest totaling 25,532,200 shares, an increase of 21.1% from the May 31st total of 21,080,000 shares. Based on an average trading volume of 5,667,700 shares, the short-interest ratio is currently 4.5 days. Currently, 15.4% of the company's stock are short sold. View Shoals Technologies Group's Short Interest. When is Shoals Technologies Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024. View our SHLS earnings forecast. How were Shoals Technologies Group's earnings last quarter? Shoals Technologies Group, Inc. (NASDAQ:SHLS) posted its earnings results on Tuesday, May, 7th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.01. The firm had revenue of $90.81 million for the quarter, compared to the consensus estimate of $94.44 million. Shoals Technologies Group had a trailing twelve-month return on equity of 13.95% and a net margin of 6.42%. What ETFs hold Shoals Technologies Group's stock? ETFs with the largest weight of Shoals Technologies Group (NASDAQ:SHLS) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX), SPDR S&P Kensho Clean Power ETF (CNRG), First Trust RBA American Industrial Renaissance ETF (AIRR), SPDR S&P Kensho Intelligent Structures ETF (SIMS), Invesco Solar ETF (TAN), Global X Solar ETF (RAYS), Global X Clean Tech ETF (CTEC) and Invesco WilderHill Clean Energy ETF (PBW). What guidance has Shoals Technologies Group issued on next quarter's earnings? Shoals Technologies Group issued an update on its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $85.0 million-$95.0 million, compared to the consensus revenue estimate of $110.2 million. 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 $19.00-$21.00 per share. Goldman Sachs, J.P. Morgan, Guggenheim Securities and UBS Investment Bank served as the underwriters for the IPO. 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 7/5/2024 by MarketBeat.com Staff From Our PartnersElon to Transform U.S. Economy? 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