SHLS icon

Shoals Technologies Group

2.83 USD
+0.01
0.35%
At close Mar 10, 4:00 PM EDT
After hours
2.82
-0.01
0.35%
1 day
0.35%
5 days
0.00%
1 month
-35.39%
3 months
-39.27%
6 months
-52.03%
Year to date
-53.22%
1 year
-78.21%
5 years
-90.87%
10 years
-90.87%
 

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: 1,290

0
Funds holding %
of 7,363 funds
0
Analysts bullish %
of 11 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

0.4% less ownership

Funds ownership: 102.83% [Q3] → 102.43% (-0.4%) [Q4]

2% less capital invested

Capital invested by funds: $960M [Q3] → $945M (-$15.1M) [Q4]

5% less funds holding

Funds holding: 231 [Q3] → 219 (-12) [Q4]

12% less first-time investments, than exits

New positions opened: 44 | Existing positions closed: 50

15% less repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 82

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$4
41%
upside
Avg. target
$6.86
143%
upside
High target
$10
253%
upside

11 analyst ratings

positive
82%
neutral
18%
negative
0%
UBS
Jon Windham
22% 1-year accuracy
5 / 23 met price target
147%upside
$7
Buy
Maintained
26 Feb 2025
Piper Sandler
Kashy Harrison
23% 1-year accuracy
10 / 43 met price target
112%upside
$6
Overweight
Maintained
26 Feb 2025
Goldman Sachs
Brian Lee
37% 1-year accuracy
30 / 82 met price target
147%upside
$7
Buy
Maintained
26 Feb 2025
RBC Capital
Christopher Dendrinos
53% 1-year accuracy
9 / 17 met price target
147%upside
$7
Outperform
Maintained
26 Feb 2025
Roth MKM
Philip Shen
0% 1-year accuracy
0 / 18 met price target
59%upside
$4.50
Neutral
Maintained
26 Feb 2025

Financial journalist opinion

Based on 6 articles about SHLS published over the past 30 days

Positive
Seeking Alpha
1 week ago
Shoals Technologies Q4: Why I'm Sticking With My Buy Rating
Shoals Technologies Group, Inc. is a market leader in EBOS installations for solar energy, with a strong long-term outlook despite recent share price drops. The company reported $107m in Q4 2024 revenue, with a 10-12.8% projected growth rate for 2025, and maintains a strong balance sheet. Shoals is investing in innovative solutions and a new factory, aiming to improve efficiencies and maintain a dominant market share in the growing solar industry.
Shoals Technologies Q4: Why I'm Sticking With My Buy Rating
Neutral
GlobeNewsWire
1 week ago
Shoals Technologies Group, Inc. Announces Participation in Upcoming Events for the Investor Community
PORTLAND, Tenn., Feb. 27, 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 its participation in the following upcoming investor events: March 4th, 2025: Jefferies Power, Utilities, and Clean Energy Conference in New York Shoals' CEO Brandon Moss, VP of Finance and Investor Relations Matt Tractenberg, and VP of Marketing and Communications Lindsey Williams will host in-person investor meetings with covering analyst Julien Dumoulin-Smith.
Shoals Technologies Group, Inc. Announces Participation in Upcoming Events for the Investor Community
Neutral
Seeking Alpha
1 week ago
Shoals Technologies Group, Inc. (SHLS) Q4 2024 Earnings Call Transcript
Shoals Technologies Group, Inc. (NASDAQ:SHLS ) Q4 2024 Earnings Conference Call February 25, 2025 8:00 AM ET Company Participants Matthew Tractenberg - Vice President of Finance & Investor Relations Brandon Moss - Chief Executive Officer Dominic Bardos - Chief Financial Officer Conference Call Participants Andrew Percoco - Morgan Stanley Mark Strouse - JPMorgan Philip Shen - ROTH Capital Partners Brian Lee - Goldman Sachs Colin Rusch - Oppenheimer Kashy Harrison - Piper Sandler Praneeth Satish - Wells Fargo Dimple Gosai - Bank of America Operator Good morning and welcome to the Shoals Technologies Group Fourth Quarter 2024 Earnings Conference Call. Today's call is being recorded and we have allocated 1 hour for prepared remarks and Q&A.
Shoals Technologies Group, Inc. (SHLS) Q4 2024 Earnings Call Transcript
Negative
Zacks Investment Research
1 week ago
Shoals Technologies Group (SHLS) Lags Q4 Earnings Estimates
Shoals Technologies Group (SHLS) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.12 per share a year ago.
Shoals Technologies Group (SHLS) Lags Q4 Earnings Estimates
Neutral
GlobeNewsWire
1 week ago
Shoals Technologies Group, Inc. Reports Financial Results for Fourth Quarter 2024
– Quarterly Revenue of $107.0 million – – Adjusted Gross Profit Percentage1 of 37.6% – – Quarterly Net Income of $7.8 million – – Adjusted EBITDA1 of $26.4 million – – Ending Backlog and Awarded Orders of $634.7 million – – Provides First Quarter and Full Year 2025 Outlook – PORTLAND, Tenn., Feb. 25, 2025 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals” or the “Company”) (Nasdaq: SHLS), a leading provider of electrical balance of system (“EBOS”) solutions and components, including battery energy storage solutions (“BESS”), and Original Equipment Manufacturer (“OEM”) components for the global energy transition market, today announced results for its fourth quarter ended December 31, 2024.
Shoals Technologies Group, Inc. Reports Financial Results for Fourth Quarter 2024
Neutral
GlobeNewsWire
3 weeks 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.
Shoals Technologies Group Appeals ITC Reversal Decision to Federal Circuit and Receives Institution in New ITC Action Against Voltage
Neutral
GlobeNewsWire
1 month 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.
Shoals Technologies Group, Inc. Announces Fourth Quarter and Full Year 2024 Earnings Release Date and Conference Call
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.
Shoals Technologies: A Great Risk-Reward Play Right Now
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.
Shoals Technologies Group Files Additional Patent Infringement Complaint Against Voltage, LLC with the 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.
Shoals Q3: Navigating The Harsh Cyclicality Of Solar Power Returns
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