Assessing Shoals Technologies Gr: Insights From 10 Financial Analysts

In the last three months, 10 analysts have published ratings on Shoals Technologies Gr SHLS, offering 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.

Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $7.1, along with a high estimate of $11.00 and a low estimate of $4.00. A 13.31% drop is evident in the current average compared to the previous average price target of $8.19.

Deciphering Analyst Ratings: An In-Depth Analysis

An in-depth analysis of recent analyst actions unveils how financial experts perceive Shoals Technologies Gr. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Shoals Technologies Gr. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Shoals Technologies Gr compared to the broader market.
• Price Targets: Gaining insights, analysts provide estimates for the future value of Shoals Technologies Gr's stock. This comparison reveals trends in analysts' expectations over time.

Capture valuable insights into Shoals Technologies Gr's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.

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About Shoals Technologies Gr

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.

A Deep Dive into Shoals Technologies Gr's Financials

Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.

Revenue Challenges: Shoals Technologies Gr's revenue growth over 3 months faced difficulties. As of 30 September, 2024, the company experienced a decline of approximately -23.88%. This indicates a decrease in 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 is impressive, surpassing industry averages. With a net margin of -0.26%, the company demonstrates strong profitability and effective cost management.

Return on Equity (ROE): Shoals Technologies Gr's ROE stands out, surpassing industry averages. With an impressive ROE of -0.05%, the company demonstrates effective use of equity capital and strong financial performance.

Return on Assets (ROA): Shoals Technologies Gr's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -0.03%, the company may encounter challenges in delivering satisfactory returns from its assets.

Debt Management: With a below-average debt-to-equity ratio of 0.26, Shoals Technologies Gr adopts a prudent financial strategy, indicating a balanced approach to debt management.

What Are Analyst Ratings?

Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.

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.

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