Analyst Scoreboard: 15 Ratings For Shoals Technologies Gr

15 analysts have shared their evaluations of Shoals Technologies Gr SHLS during the recent three months, expressing a mix of bullish and bearish perspectives.

The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.

Analysts have recently evaluated Shoals Technologies Gr and provided 12-month price targets. The average target is $19.13, accompanied by a high estimate of $26.00 and a low estimate of $13.00. A 18.73% drop is evident in the current average compared to the previous average price target of $23.54.

Diving into Analyst Ratings: An In-Depth Exploration

The analysis of recent analyst actions sheds light on the perception of Shoals Technologies Gr by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Shoals Technologies Gr. This offers insight into analysts' perspectives on the current state of the company.
• Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Shoals Technologies Gr compared to the broader market.
• Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Shoals Technologies Gr's stock. This comparison reveals trends in analysts' expectations over time.

Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Shoals Technologies Gr's market standing. Stay informed and make data-driven decisions with our Ratings Table.

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Unveiling the Story Behind 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.

Key Indicators: Shoals Technologies Gr's Financial Health

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 Growth: Shoals Technologies Gr displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 37.81%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Industrials sector.

Net Margin: Shoals Technologies Gr's net margin is impressive, surpassing industry averages. With a net margin of 12.71%, 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 3.1%, the company demonstrates effective use of equity capital and strong financial performance.

Return on Assets (ROA): Shoals Technologies Gr's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.97% ROA, the company effectively utilizes its assets for optimal returns.

Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.33.

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 publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

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