What 6 Analyst Ratings Have To Say About Shoals Technologies Gr
Portfolio Pulse from Benzinga Insights
Shoals Technologies Gr (NASDAQ:SHLS) received mixed analyst ratings in the latest quarter, with 3 bullish, 1 somewhat bullish, and 2 indifferent. The average 12-month price target is $20.00, down from $20.25, with a high estimate of $28.00 and a low of $15.00. Analysts from Barclays, Mizuho, Morgan Stanley, Truist Securities, and Cantor Fitzgerald have adjusted their ratings and price targets. Shoals Technologies provides EBOS solutions for solar energy projects and recently entered the electric vehicle charging market. The company's revenue growth was 47.77% as of September 30, 2023, but it has a net margin of -7.32% and an ROE of -1.86%. Its debt-to-equity ratio is 0.36.
January 22, 2024 | 12:00 pm
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NEUTRAL IMPACT
Shoals Technologies Gr received mixed analyst ratings with a slight decrease in the average price target. The company shows strong revenue growth but has challenges in profitability and efficiency.
The mixed analyst ratings and the slight decrease in the average price target suggest a neutral short-term impact on SHLS stock price. The strong revenue growth is positive, but concerns about net margin and ROE may temper investor enthusiasm. The relevance is high as the company is the primary focus of the article, and the importance is significant due to the direct impact of analyst ratings on investor sentiment. The confidence level is not at the maximum due to the inherent uncertainty in how the market will interpret and react to these mixed signals.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100