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Shoals Technologies Group (SHLS)
NASDAQ:SHLS
RESEARCH TOOLSreports
Shoals Technologies Group (SHLS) Stock Price & Analysis
522 Followers
SHLS Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$6.29 - $28.34
Previous Close$6.48
Volume7.75M
Average Volume (3M)5.38M
Market Cap
$1.10B
Enterprise Value$1.12B
Total Cash (Recent Filing)$22.71M
Total Debt (Recent Filing)$42.00M
Price to Earnings (P/E)36.3
Beta1.49
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. Volume6,654,324
30 Day Avg. Volume5,384,034
Standard Deviation0.19
R-Squared0.22
Alpha-0.04
Financial Highlights & Ratios
Price to Book (P/B)2.59
Price to Sales (P/S)2.26
Price to Cash Flow (P/CF)10.40
P/FCF Ratio10.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.30
Enterprise Value/Gross Profit6.68
Enterprise Value/Ebitda20.34
Forecast
1Y Price Target
$13.17Price Target Upside103.24% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering13
Shoals Technologies Group News
Bulls Say, Bears Say
Bulls Say
EarningsSHLS reported adjusted EBITDA of $20mn and EPS of $0.07, topping expectations with stable gross margins and lower operating expenses.
Financial PerformanceCompany reported gross margins north of 40% despite low volumes, indicating cost discipline and ability to capture price.
Market DemandThe company's demand remains strong with solid bookings of $135 million in gross orders.
Bears Say
BookingsBook-to-bill 0.8x was below expectations, indicating weaker bookings and potential challenges in securing new business.
Cash FlowShoals anticipates to spend approximately $32 million in cash in 2024 resolving warranty-related issues, impacting future cash flows.
Revenue Guidance2024 revenue guidance is down 5% year-over-year at midpoint below even conservative sector growth forecasts.
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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 $6.29 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 49 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:
$13.17 (103.24% Upside)
$13.17 (103.24% Upside)
Blogger Sentiment
Bullish
SHLS Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 3.2M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▼ 0.4%
Last 30 Days ▲ 5.0%
Last 30 Days ▲ 5.0%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-74.13%
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
$13.17
▲(103.24% Upside)
Technical Analysis
Best Analysts Covering SHLS
1 Year
1 Year Success Rate
4/10 ratings generated profit
1 Year Average Return
-11.11%
reiterated a buy rating last month
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 -11.11% per trade.
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