Shoals Technologies Group (SHLS) to Release Quarterly Earnings on Wednesday

Shoals Technologies Group (NASDAQ:SHLS) will likely be announcing its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.09 per share and revenue of $102.16 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Shoals Technologies Group Trading Down 1.5 %

NASDAQ SHLS opened at $4.52 on Monday. The company has a fifty day moving average of $4.91 and a 200 day moving average of $5.19. The company has a market capitalization of $753.48 million, a PE ratio of 22.60, a P/E/G ratio of 0.52 and a beta of 1.62. Shoals Technologies Group has a 1 year low of $3.83 and a 1 year high of $16.19. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.08 and a quick ratio of 1.36.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SHLS shares. Piper Sandler reduced their price target on Shoals Technologies Group from $10.00 to $8.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Shoals Technologies Group from $11.00 to $10.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Bank of America assumed coverage on Shoals Technologies Group in a research note on Monday, November 25th. They issued a “buy” rating and a $6.00 price target on the stock. Morgan Stanley raised shares of Shoals Technologies Group from an “equal weight” rating to an “overweight” rating and set a $7.00 price target on the stock in a research note on Tuesday, December 17th. Finally, Oppenheimer cut their price objective on shares of Shoals Technologies Group from $11.00 to $10.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $9.48.

Shoals Technologies Group Company Profile

Shoals Technologies Group, Inc provides electrical balance of system (EBOS) solutions and components for solar, battery energy, and electric vehicle (EV) charging applications in the United States and internationally. The company designs, manufactures, and sells system solutions for both homerun and combine-as-you-go wiring architectures, as well as offers technical support services.