Shoals Technologies GroupSHLS
SHLS
About: Shoals Technologies Group is a provider of electrical balance of system solutions for solar energy projects, primarily in the United States. EBOS encompasses components that are necessary to carry electric current produced by solar panels to an inverter. The products are sold principally to engineering, procurement, and construction firms that build solar energy projects.
Employees: 1,309
0
Funds holding %
of 7,139 funds
0
Analysts bullish %
of 9 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
350% more call options, than puts
Call options by funds: $11.4M | Put options by funds: $2.53M
0.43% less ownership
Funds ownership: 102.84% [Q3] → 102.4% (-0.43%) [Q4]
2% less capital invested
Capital invested by funds: $960M [Q3] → $945M (-$15.4M) [Q4]
6% less funds holding
Funds holding: 231 [Q3] → 216 (-15) [Q4]
16% less first-time investments, than exits
New positions opened: 42 | Existing positions closed: 50
18% less repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 83
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$4
12%
downside
Avg. target
$7.33
62%
upside
High target
$10
121%
upside
9 analyst ratings
8 positive
89%
1 neutral
11%
0 negative
0%
Oppenheimer Colin Rusch 40% 1-year accuracy 14 / 35 met price target | 121%upside $10 | Outperform Maintained | 28 Jan 2025 |
Mizuho Maheep Mandloi 21% 1-year accuracy 4 / 19 met price target | 33%upside $6 | Outperform Maintained | 24 Jan 2025 |
JP Morgan Paul Coster 33% 1-year accuracy 2 / 6 met price target | 121%upside $10 | Overweight Maintained | 23 Jan 2025 |
Goldman Sachs Brian Lee 43% 1-year accuracy 35 / 82 met price target | 77%upside $8 | Buy Maintained | 22 Jan 2025 |
Barclays Christine Cho 52% 1-year accuracy 29 / 56 met price target | 12%downside $4 | Equal-Weight Maintained | 17 Jan 2025 |
Financial journalist opinion
Neutral
GlobeNewsWire
1 week ago
Shoals Technologies Group Appeals ITC Reversal Decision to Federal Circuit and Receives Institution in New ITC Action Against Voltage
PORTLAND, Tenn., Feb. 11, 2025 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (Shoals) (Nasdaq: SHLS), a global leader in electrical balance of system (EBOS) solutions for the energy transition market, announced today that it has filed a Petition for Review and Notice of Appeal to the United States Court of Appeals for the Federal Circuit.
Neutral
GlobeNewsWire
3 weeks ago
Shoals Technologies Group, Inc. Announces Fourth Quarter and Full Year 2024 Earnings Release Date and Conference Call
PORTLAND, Tenn., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (the “Company”) (Nasdaq: SHLS) today announced that the Company will release its fourth quarter and full year 2024 results before market open on Tuesday, February 25, 2025, to be followed by a conference call at 8:00 a.m. (Eastern Time) on the same day.
Positive
Seeking Alpha
1 month ago
Shoals Technologies: A Great Risk-Reward Play Right Now
Shoals Technologies Group, a leader in EBOS solutions for the solar sector, offers a compelling risk-reward profile despite recent setbacks, including a patent infringement case loss. The company's innovative "plug-and-play" BLA system reduces costs and complexity, enhancing safety and efficiency, which has driven its market share from 7% in 2017 to 32% in 2020. Despite short-term challenges like project delays and litigation costs, Shoals has consistently generated free cash flow and maintains a robust pipeline, signaling strong long-term prospects.
Neutral
GlobeNewsWire
1 month ago
Shoals Technologies Group Files Additional Patent Infringement Complaint Against Voltage, LLC with the ITC
Shoals Technologies Group, Inc., maintains commitment to protecting U.S. Solar Manufacturing, files additional patent infringement complaint with ITC.
Neutral
Seeking Alpha
3 months ago
Shoals Q3: Navigating The Harsh Cyclicality Of Solar Power Returns
Despite a 65% stock price drop, I believe Shoals is poised for recovery by 2025–2026 due to easing project delays and expected interest rate declines, making it a Buy amid current pessimism. Shoals' strong management—with new COO Kirsten Moen and CEO Brandon Moss's "Shoals 2.0" strategy—focuses on efficiency and innovation, maintaining industry-leading margins and a growing backlog despite macroeconomic challenges. Valuation suggests a 52% margin of safety with a November 2027 enterprise value estimate of $2.475B; however, risks include prolonged high-interest rates that may delay growth.
Negative
Seeking Alpha
3 months ago
Shoals Technologies Q3: Still A Lot Of Uncertainty On The Horizon
Shoals Technologies Group, Inc. reported mixed Q3 earnings with a revenue decline and EPS miss due to project delays, impacting overall performance. Improved gross profit and operating margins show progress, but high debt and interest expenses raise concerns about financial health during prolonged downturns. Delays and potential political changes pose risks, while solar power's cost-effectiveness offers some optimism amid uncertainties.
Neutral
Seeking Alpha
3 months ago
Shoals Technologies Group, Inc. (SHLS) Q3 2024 Earnings Call Transcript
Shoals Technologies Group, Inc. (NASDAQ:SHLS ) Q3 2024 Earnings Conference Call November 12, 2024 8:00 AM ET Company Participants Matthew Tractenberg - Vice President of Finance and Investor Relations Brandon Moss - Chief Executive Officer Dominic Bardos - Chief Financial Officer Conference Call Participants Brian Lee - Goldman Sachs Mark Strouse - JPMorgan Philip Shen - ROTH Capital Partners Kashy Harrison - Piper Sandler Christine Cho - Barclays Jordan Levy - Truist Securities Andrew Percoco - Morgan Stanley Praneeth Satish - Wells Fargo Joseph Osha - Guggenheim Partners Colin Rusch - Oppenheimer Operator Hello and welcome to the Shoals Technologies Group, Inc. Third Quarter 2024 Earnings Call. My name is Alex and I'll be coordinating the call today.
Negative
Zacks Investment Research
3 months ago
Shoals Technologies Group (SHLS) Misses Q3 Earnings Estimates
Shoals Technologies Group (SHLS) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.20 per share a year ago.
Neutral
GlobeNewsWire
3 months ago
Shoals Technologies Group, Inc. Reports Financial Results for Third Quarter 2024
– Secures Favorable Initial Ruling in ITC Case Against Voltage, LLC – – Quarterly Revenue of $102.2 million – – Gross Profit Percentage of 24.8% and Adjusted Gross Profit Percentage of 37.9% – – Net Loss of $0.3 million – – Adjusted EBITDA of $24.5 million – – Raises Midpoint of Full-Year Revenue Outlook – PORTLAND, Tenn., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals” or the “Company”) (Nasdaq: SHLS), a leading provider of electrical balance of system (“EBOS”) solutions for the energy transition market, today announced results for its third quarter ended September 30, 2024.
Neutral
Accesswire
3 months ago
SHLS ALERT- Levi & Korsinsky Has Commenced an Investigation on Behalf of Shoals Technologies Group, Inc. Shareholders Who Lost Money
NEW YORK, NY / ACCESSWIRE / November 5, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Shoals Technologies Group, Inc. ("Shoals Technologies Group, Inc.") (NASDAQ:SHLS) concerning possible violations of federal securities laws. The investigation concerns whether Shoals and certain of its directors and/or officers failed to disclose to shareholders that: (i) certain of the Company's products used for solar power generation were not of the highest levels of quality and reliability as Shoals claimed; (ii) the Company received numerous reports of defects in wire harnesses it had installed in a number of solar fields; and (iii) it would cost Shoals millions of dollars to remediate the defects with its products.
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