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Shoals Technologies Group (SHLS)
NASDAQ:SHLS
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SHLS Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$4.88 - $21.22
Previous Close$6.3
Volume5.42M
Average Volume (3M)5.76M
Market Cap
$1.05B
Enterprise Value$1.19B
Total Cash (Recent Filing)$3.19M
Total Debt (Recent Filing)$146.75M
Price to Earnings (P/E)46.0
Beta1.64
Next Earnings
Nov 05, 2024EPS Estimate
$0.1Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.14
Shares Outstanding166,646,253
10 Day Avg. Volume8,441,208
30 Day Avg. Volume5,760,508
Standard Deviation0.19
R-Squared0.20
Alpha-0.04
Financial Highlights & Ratios
Price to Book (P/B)1.93
Price to Sales (P/S)2.33
Price to Cash Flow (P/CF)7.00
P/FCF Ratio7.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.62
Enterprise Value/Gross Profit7.09
Enterprise Value/Ebitda41.90
Forecast
1Y Price Target
$8.67Price Target Upside34.21% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering17
Shoals Technologies Group News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceEBITDA margin target of 30% came in better than expectations.
Innovation/ExpansionShoals plans to sell cabling solutions into datacenters by re-purposing R&D in EV charging solutions, which could start generating revenue.
Legal/RegulatoryReceived a positive preliminary determination on its patent infringement lawsuit against Voltage, which helps insulate its competitive positioning in the US market.
Bears Say
Execution RiskNew markets growth strategy and assumed market share gains in US utility-scale solar come with elevated execution risk.
Project DelaysOngoing project delays caused by interconnection queues, transformer and switchgear shortages, labor availability, and high financing costs are driving the downside.
Revenue GuidanceLong-term revenue guidance and implied number for 2025 came in below estimates, likely due to overestimated upside from project push-outs.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
SHLS FAQ
What was Shoals Technologies Group’s price range in the past 12 months?
Shoals Technologies Group lowest stock price was $4.88 and its highest was $21.22 in the past 12 months.
What is Shoals Technologies Group’s market cap?
Currently, no data Available
When is Shoals Technologies Group’s upcoming earnings report date?
Shoals Technologies Group’s upcoming earnings report date is Nov 05, 2024 which is in 47 days.
How were Shoals Technologies Group’s earnings last quarter?
Shoals Technologies Group released its earnings results on Aug 06, 2024. The company reported $0.1 earnings per share for the quarter, beating the consensus estimate of $0.081 by $0.019.
Is Shoals Technologies Group overvalued?
According to Wall Street analysts Shoals Technologies Group’s price is currently Undervalued.
Does Shoals Technologies Group pay dividends?
Shoals Technologies Group does not currently pay dividends.
What is Shoals Technologies Group’s EPS estimate?
Shoals Technologies Group’s EPS estimate is $0.1.
How many shares outstanding does Shoals Technologies Group have?
Shoals Technologies Group has 166,646,260 shares outstanding.
What happened to Shoals Technologies Group’s price movement after its last earnings report?
Shoals Technologies Group reported an EPS of $0.1 in its last earnings report, beating expectations of $0.081. Following the earnings report the stock price went down -6.364%.
Which hedge fund is a major shareholder of Shoals Technologies Group?
Among the largest hedge funds holding Shoals Technologies Group’s share is Joho Capital LLC. It holds Shoals Technologies Group’s shares valued at 60M.
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Shoals Technologies Group Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$8.67 (34.21% Upside)
$8.67 (34.21% Upside)
Blogger Sentiment
Bullish
SHLS Sentiment 100%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 3.3M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 0.2%
Last 30 Days ▼ 1.0%
Last 30 Days ▼ 1.0%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-69.98%
12-Months-Change
Fundamentals
Return on Equity
4.34%
Trailing 12-Months
Asset Growth
-3.71%
Trailing 12-Months
Company Description
Shoals Technologies Group
Shoals Technologies Group Inc is a provider of electrical balance of system or "EBOS" solutions for solar energy projects in the United States. The products are sold principally to EPCs that build solar energy projects.
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SHLS Company Deck
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SHLS Earnings Call
Q2 2024
0:00 / 0:00
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SHLS Stock 12 Month Forecast
Average Price Target
$8.67
▲(34.21% Upside)
Technical Analysis
Best Analysts Covering SHLS
1 Year
1 Year Success Rate
6/12 ratings generated profit
1 Year Average Return
-8.94%
reiterated a buy rating 13 days ago
Copying Brian K. Lee's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of -8.94% per trade.
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