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SHLS

Shoals Technologies Group, Inc.

https://www.shoals.com

Industry

Solar

Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions for solar energy projects in the United States. It produces EBOS components, including cable assemblies, inline fuses, combiners, disconnects, recombiners, wireless monitoring systems, junction boxes, transition enclosures, splice boxes, wire management solutions, and IV curve benchmarking devices. The company also sells EV Charging solutions for public and fleet electric vehicle charging stations; and EBOS systems. It sells its products principally to engineering, procurement, and construction firms that build solar energy projects and install electric vehicle charging stations. Shoals Technologies Group, Inc. was founded in 1996 and is headquartered in Portland, Tennessee.

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Shoals Technologies Group Inc (NASDAQ:SHLS) has received 11 analyst ratings in the last three months, with sentiments ranging from bullish to bearish. The average 12-month price target is $24.82, with a high of $33.00 and a low of $17.00, reflecting a 6.09% decrease from the previous average. Analysts have adjusted their ratings and price targets in response to market conditions and company performance. Shoals Technologies Gr specializes in EBOS solutions for solar energy projects and has recently entered the electric vehicle charging market. The company's financials show a revenue growth of 47.77% as of September 30, 2023, but it faces challenges with below-average ROE and ROA, despite efficient cost management and a conservative debt approach.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 7:01 pm

Mizuho analyst Maheep Mandloi has reaffirmed a Buy rating on Shoals Technologies Group (NASDAQ:SHLS) and increased the price target from $18 to $19.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 6:58 pm

Industrial stocks are experiencing an uptick following the Federal Reserve's decision to keep interest rates unchanged. The market's positive reaction is also fueled by expectations of potential future rate cuts as indicated by the majority of Fed officials.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 8:51 pm

Morgan Stanley analysts are optimistic about the clean tech sector, predicting vigorous growth over the next decade. They have upgraded First Solar Inc (FSLR) to Overweight with a price target of $237. Other Overweight-rated stocks include NextEra Energy Inc (NEE), The AES Corp (AES), Bloom Energy Corp (BE), and Altus Power Inc (AMPS). However, they rated Plug Power Inc (PLUG) and SunPower Corp (SPWR) as Underweight. Shoals Technologies Group Inc (SHLS) and Array Technologies Inc (ARRY) are seen as having significant downside. Key themes affecting valuations in 2024 include interest rates, deflation in clean energy technologies, election cycle effects, and profitable low-risk growth.

Portfolio Pulse from Surbhi Jain

December 08, 2023 | 6:07 pm

Shoals Technologies Gr (NASDAQ:SHLS) has received various analyst ratings over the last quarter, with 6 bullish, 4 somewhat bullish, 3 indifferent, and no bearish ratings. The average 12-month price target among 13 analysts is $25.15, with a high of $33.00 and a low of $17.00. This target is a 12.28% decrease from the previous average target of $28.67. Analysts use various methods and metrics to determine their ratings and predictions for stocks.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 3:00 pm

Morgan Stanley analyst Stephen Biggar has maintained an Equal-Weight rating on Shoals Technologies Group (NASDAQ:SHLS) but has reduced the price target from $21 to $17.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 1:26 pm

Goldman Sachs has identified S&P 500 laggards with potential for significant gains in 2024. These stocks have underperformed the market but are Buy-rated with upside potential. Categories include stocks with bullish views, defying consensus estimates, reasonable valuations, rebounding margins, and superior CROCI. Notable stocks include Moderna, Pfizer, Enphase Energy, Darling Ingredients, Shoals Technologies, ANGI Homeservices, Array Technologies, First Solar, Bath & Body Works, Sensata Technologies, Aptiv, and Bristol-Myers Squibb.

Portfolio Pulse from Piero Cingari

December 06, 2023 | 2:26 pm

iRobot Corporation (NASDAQ:IRBT) shares surged in pre-market trading on news that Amazon.com Inc.'s (NASDAQ:AMZN) proposed $1.4 billion acquisition of iRobot is close to receiving unconditional approval from EU antitrust authorities. Other stocks such as Fisker Inc. (NYSE:FSR), Shoals Technologies Group, Inc. (NASDAQ:SHLS), Bitfarms Ltd. (NASDAQ:BITF), XPeng Inc. (NYSE:XPEV), Hesai Group (NASDAQ:HSAI), Groupon, Inc. (NASDAQ:GRPN), and Spirit Airlines, Inc. (NYSE:SAVE) also saw gains in pre-market trading.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 11:15 am

Mizuho Securities analysts initiated coverage on First Solar, SolarEdge, Shoals Technologies, and Maxeon Solar Technologies with price targets. They are bullish on FSLR, SEDG, and SHLS, citing strong market positions, innovative technologies, and growth opportunities. FSLR is noted for its sold-out status through 2026 and potential for margin improvement. SEDG is recognized for its market diversification and attractive valuation. SHLS is praised for its rapid growth and expansion into new product areas. MAXN is given a neutral rating due to premium pricing and competitive challenges.

Portfolio Pulse from Shivani Kumaresan

November 21, 2023 | 7:24 pm

Mizuho analyst Maheep Mandloi has initiated coverage on Shoals Technologies Group (NASDAQ:SHLS) with a Buy rating and set a price target of $18.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 9:36 am

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