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Shoals Technologies Group (SHLS)
NASDAQ:SHLS
RESEARCH TOOLSreports
Shoals Technologies Group (SHLS) Stock Price & Analysis
492 Followers
SHLS Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$6.33 - $28.34
Previous Close$6.41
Volume10.92M
Average Volume (3M)4.53M
Market Cap
$1.09B
Enterprise Value$1.09B
Total Cash (Recent Filing)$9.22M
Total Debt (Recent Filing)$2.00M
Price to Earnings (P/E)35.9
Beta1.14
Next Earnings
Aug 06, 2024EPS Estimate
$0.08Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.18
Shares Outstanding170,420,309
10 Day Avg. Volume6,962,181
30 Day Avg. Volume4,533,255
Standard Deviation0.19
R-Squared0.23
Alpha-0.03
Financial Highlights & Ratios
Price to Book (P/B)2.56
Price to Sales (P/S)8.14
Price to Cash Flow (P/CF)10.30
P/FCF Ratio1.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.39
Enterprise Value/Gross Profit8.26
Enterprise Value/Ebitda5.66
Forecast
1Y Price Target
$13.57Price Target Upside105.61% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
Shoals Technologies Group News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceCompany reported gross margins north of 40% despite low volumes, indicating cost discipline and ability to capture price.
Future Revenue GrowthBookings and backlog remained healthy, which is a positive signal for the company’s future revenue potential.
Market ExpansionInternational demand is growing, indicating successful geographic diversification and enhanced global market presence.
Bears Say
Financial GuidanceShoals lowered 2024 revenue guidance by approximately 7% and adjusted EBITDA guidance by about 13% from the previous estimates, reflecting concerns about their future profitability.
Market PerformanceWith a book-to-bill ratio of 0.8x, Shoals demonstrates weaker bookings and potential challenges in securing new business, an indicator of possible revenue struggles ahead.
Operational ChallengesShoals anticipates to spend approximately $32 million in cash resolving warranty-related issues in 2024, potentially impacting future cash flows and investor confidence.
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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 $6.33 and its highest was $28.34 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 Aug 06, 2024 which is in 78 days.
How were Shoals Technologies Group’s earnings last quarter?
Shoals Technologies Group released its earnings results on May 07, 2024. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.058 by $0.012.
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 $0.08.
How many shares outstanding does Shoals Technologies Group have?
Shoals Technologies Group has 170,420,300 shares outstanding.
What happened to Shoals Technologies Group’s price movement after its last earnings report?
Shoals Technologies Group reported an EPS of $0.07 in its last earnings report, beating expectations of $0.058. Following the earnings report the stock price went down -14.659%.
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 72M.
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Shoals Technologies Group Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$13.57 (105.61% Upside)
$13.57 (105.61% Upside)
Blogger Sentiment
Bullish
SHLS Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 3.2M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $102.4K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▼ 1.3%
Last 30 Days ▲ 2.0%
Last 30 Days ▲ 2.0%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-72.80%
12-Months-Change
Fundamentals
Return on Equity
5.75%
Trailing 12-Months
Asset Growth
2.07%
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
Q1 2024
0:00 / 0:00
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SHLS Stock 12 Month Forecast
Average Price Target
$13.57
▲(105.61% Upside)
Technical Analysis
Best Analysts Covering SHLS
1 Year
1 Year Success Rate
4/10 ratings generated profit
1 Year Average Return
-13.51%
reiterated a buy rating 14 days ago
Copying Brian K. Lee's trades and holding each position for 1 Year would result in 40.00% of your transactions generating a profit, with an average return of -13.51% per trade.
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