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Shoals Technologies Group, Inc. (SHLS)

NASDAQ: SHLS · IEX Real-Time Price · USD
25.93 -1.69 (-6.12%)
Oct 22, 2021 4:00 PM EDT - Market closed
Market Cap4.43B
Revenue (ttm)196.68M
Net Income (ttm)n/a
Shares Out166.61M
EPS (ttm)0.20
PE Ratio132.97
Forward PE55.25
Dividendn/a
Ex-Dividend Daten/a
Volume1,544,838
Open27.67
Previous Close27.62
Day's Range25.87 - 27.70
52-Week Range20.94 - 44.04
Betan/a
AnalystsBuy
Price Target40.50 (+56.2%)
Est. Earnings DateNov 9, 2021

About SHLS

Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions for solar energy projects in the United States. It offers EBOS components, such as cable assemblies, inline fuses, combiners, recombiners, disconnects, wireless monitoring systems, junction boxes, transition enclosures, and splice boxes that carry the electric current produced by solar panels to an inverter and to the power grid. The company sells its products to engineering, procurement, and construction firms that build solar energy projects. Shoals Technol...

IndustrySolar
IPO DateJan 27, 2021
Employees504
Stock ExchangeNASDAQ
Ticker SymbolSHLS
Full Company Profile

Financial Performance

In 2020, SHLS's revenue was $175.52 million, an increase of 21.47% compared to the previous year's $144.50 million. Earnings were $33.77 million, an increase of 34.30%.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for SHLS stock is "Buy." The 12-month stock price forecast is 40.50, which is an increase of 56.19% from the latest price.

Price Target
$40.50
(56.19% upside)
Analyst Consensus: Buy

News

3 Renewable Energy Stocks to Consider Buying Right Now

Two solar component specialists and one renewable energy utility look well positioned to benefit from the expected growth in renewables.

Other symbols:ICLNNEP
1 month ago - The Motley Fool

Shoals Technologies Group Collaborates with EY for Electric Vehicle Charging Solutions

EV charging BOS solutions to deliver 20%–30% reduction in installation costs EV charging BOS solutions to deliver 20%–30% reduction in installation costs

1 month ago - GlobeNewsWire

Shoals Technologies Group, Inc. Reports Financial Results for Second Quarter 2021

– Reports Record Second Quarter Revenue Increased 38% Year-Over-Year to $59.7 million –

2 months ago - GlobeNewsWire

Is a Surprise Coming for Shoals (SHLS) This Earnings Season?

Shoals (SHLS) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

2 months ago - Zacks Investment Research

Insider Action: Expiring Quiet Periods, Lockups for Week of 7/26

After a company files for an initial public offering (IPO), company executives typically embark on a “roadshow,” meeting with big investors and brokerages to tout the virtues of both their company and t...

Other symbols:DIDIXM
2 months ago - 24/7 Wall Street

Shoals Technologies Group, Inc. Announces Changes to its Board of Directors

PORTLAND, Tenn., July 19, 2021 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals” or the “Company”) (Nasdaq: SHLS), a leading provider of electrical balance of systems (“EBOS”) solutions for ...

3 months ago - GlobeNewsWire

Shoals Technologies Group, Inc. Announces Pricing of an Offering of 13,384,155 Shares of Class A Common Stock

PORTLAND, Tenn., July 15, 2021 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (Nasdaq: SHLS) (the “Company”) today announced the pricing of an underwritten public offering of an aggregate of 13,384...

3 months ago - GlobeNewsWire

Why Shoals Technologies Stock Dived by 14% on Tuesday

Hint: the reason starts with the letter D.

3 months ago - The Motley Fool

Shoals Technologies Seeks To Raise Capital Via Secondary Equity Offering Of 13.4M Shares

Shoals Technologies Group Inc (NASDAQ: SHLS) offered 13.38 million shares in a secondary equity offering. It includes 4.99 million shares offered by certain selling stockholders, including an entity con...

3 months ago - Benzinga

Shoals Technologies Group, Inc. Announces Launch of Offering of 13,384,155 Shares of Class A Common Stock

PORTLAND, Tenn., July 12, 2021 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (Nasdaq: SHLS) (the “Company”) today announced the launch of an underwritten public offering of an aggregate of 13,384,...

3 months ago - GlobeNewsWire

7 Jumbo IPOs to Put on Your Must-Buy Stocks List for 2021

Only a select few companies raised at least $1 billion from their IPOs in the first six months of 2021. Here are seven of the best.

Other symbols:AGLCPNGMQOTLYPLTK
3 months ago - InvestorPlace

Chesapeake Energy, Dick's Sporting Goods, Unity Software and More Wednesday Afternoon Analyst Calls

Stocks were mixed in the midday Wednesday's trading, as the S&P 500 tried to post an all-time high for the fifth straight day.

3 months ago - 24/7 Wall Street

Goldman Sachs Says Buy The Dip In Solar Stocks, Upgrades SolarEdge & Shoals Technologies

Solar stocks have taken a beating in the past three months, but one analyst says now is the time to buy the dip in Shoals Technologies Group Inc (NASDAQ: SHLS) and Solaredge Technologies Inc (NASDAQ: SE...

Other symbols:SEDG
5 months ago - Benzinga

7 Hot Stocks to Consider for a Greener Future

If you're looking for green hot stocks, the S&P Global Clean Energy Index is a good place to start. These seven names are some of the most promising picks of the bunch.

Other symbols:DQHEICLNIDANEE
5 months ago - InvestorPlace

Shoals Technologies Group, Inc. Reports Financial Results for First Quarter 2021

– Reports Record First Quarter Revenue of $45.6 million –

5 months ago - GlobeNewsWire

Should You Buy Shoals (SHLS) Ahead of Earnings?

Shoals (SHLS) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

5 months ago - Zacks Investment Research

Shoals Technologies Group, Inc. Announces Key New Hires to Drive U.S. and International Growth in Solar, Energy Stora...

PORTLAND, Tenn., April 27, 2021 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals” or the “Company”) (Nasdaq: SHLS), a leading provider of electrical balance of systems (“EBOS”) solutions for...

5 months ago - GlobeNewsWire

4 Renewable Energy Stocks to Buy In Spite of the Sector Sell-Off

With governments and companies swiftly deploying solar panels and wind turbines, many renewable energy stocks are extremely attractive after their recent pullbacks. The post 4 Renewable Energy Stocks to...

Other symbols:JKSSPWR
5 months ago - InvestorPlace

3 Solar Companies With Good Financial Strength

In light of the Invesco Solar Exchange-Traded Fund (TAN) retreating close to 30% from its January high, three solar companies that have good financial strength and solid Piotroski F-scores as of Thursda...

Other symbols:ENPHFSLRTAN
6 months ago - GuruFocus

Solar Company Shoals Reports Its Quarterly Results For First Time

Solar equipment company Shoals Technologies issued its first quarterly earnings report, which follows a successful initial public offering that exceeded expectations and raised $1.9 billion. The post So...

7 months ago - Investors Business Daily

Shoals Technologies Group, Inc. Reports Financial Results for Fourth Quarter and Full-Year 2020

– Reports Record Revenue and Earnings for 2020 –

7 months ago - GlobeNewsWire

Shoals Technologies Group, Inc. Strengthens Board of Directors With Three New Members

Seasoned Executives Bring Added International and Domestic Expertise in Renewable Energy, Technology, Infrastructure, and Talent Management Seasoned Executives Bring Added International and Domestic Exp...

7 months ago - GlobeNewsWire

Shoals Technologies Group, Inc. Announces Fourth Quarter and Full-Year 2020 Earnings Release Date and Conference Call

PORTLAND, Tenn., March 10, 2021 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (the “Company”) (Nasdaq: SHLS) today announced that the company will release its fourth quarter and full-year 2020 res...

7 months ago - GlobeNewsWire

Shoals Technologies Rides Green Energy Wave Among Solar Stocks

With solar power and stocks in the sector shining brightly, Shoals Technologies is well positioned to capture an increasing amount of market share in a portion of the solar power industry. The post Shoa...

7 months ago - Investors Business Daily

These Are The 5 Best Stocks To Buy And Watch Now

Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. So what are the best stocks to buy now or put on a watchlist?

Other symbols:DISMXLNVDAVEEV
8 months ago - Investors Business Daily