A Closer Look at 5 Analyst Recommendations For Shoals Technologies Gr

Shoals Technologies Gr SHLS has been analyzed by 5 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.

The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.

Analysts have set 12-month price targets for Shoals Technologies Gr, revealing an average target of $17.8, a high estimate of $20.00, and a low estimate of $15.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 4.66%.

Diving into Analyst Ratings: An In-Depth Exploration

The standing of Shoals Technologies Gr among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Shoals Technologies Gr. This insight gives a snapshot of analysts' perspectives on the current state of the company.
• Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Shoals Technologies Gr compared to the broader market.
• Price Targets: Delving into movements, analysts provide estimates for the future value of Shoals Technologies Gr's stock. This analysis reveals shifts in analysts' expectations over time.

Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Shoals Technologies Gr's market position. Stay informed and make well-informed decisions with our Ratings Table.

Stay up to date on Shoals Technologies Gr analyst ratings.

All You Need to Know About Shoals Technologies Gr

Shoals Technologies Group Inc is a provider of electrical balance of system or EBOS 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. In 2022 the company entered the electric vehicle charging market.

Shoals Technologies Gr's Economic Impact: An Analysis

Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.

Revenue Growth: Shoals Technologies Gr's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2023, the company achieved a revenue growth rate of approximately 47.77%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.

Net Margin: Shoals Technologies Gr's net margin excels beyond industry benchmarks, reaching -7.32%. This signifies efficient cost management and strong financial health.

Return on Equity (ROE): Shoals Technologies Gr's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -1.86%, the company may face hurdles in achieving optimal financial performance.

Return on Assets (ROA): Shoals Technologies Gr's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -1.18%, the company may face hurdles in achieving optimal financial returns.

Debt Management: With a below-average debt-to-equity ratio of 0.36, Shoals Technologies Gr adopts a prudent financial strategy, indicating a balanced approach to debt management.

The Basics of Analyst Ratings

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.

This article was generated by Benzinga's automated content engine and reviewed by an editor.