Shoals Technologies Group, Inc. (SHLS)

Market Cap	1.40B
Revenue (ttm)	488.94M
Net Income (ttm)	39.97M
Shares Out	170.42M
EPS (ttm)	0.24
PE Ratio	33.98
Forward PE	13.12
Dividend	n/a
Ex-Dividend Date	n/a

Volume	643,704
Open	8.15
Previous Close	8.21
Day's Range	8.06 - 8.25
52-Week Range	8.06 - 28.34
Beta	1.79
Analysts	Strong Buy
Price Target	21.00 (+156.25%)
Earnings Date	May 6, 2024

About 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...

• Industry: Solar
• Sector: Technology
• IPO Date: Jan 27, 2021
• Employees: 1,309
• Stock Exchange: NASDAQ
• Ticker Symbol: SHLS

Financial Performance

In 2023, SHLS's revenue was $488.94 million, an increase of 49.55% compared to the previous year's $326.94 million. Earnings were $39.97 million, a decrease of -68.68%.

Analyst Forecast

According to 16 analysts, the average rating for SHLS stock is "Strong Buy." The 12-month stock price forecast is $21.0, which is an increase of 156.25% from the latest price.

Price Target

$21.0

(156.25% upside)

Analyst Consensus: Strong Buy