Demystifying Shoals Technologies Gr: Insights From 12 Analyst Reviews

In the preceding three months, 12 analysts have released ratings for Shoals Technologies Gr SHLS, presenting a wide array of perspectives from bullish to bearish.

The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.

Analysts have recently evaluated Shoals Technologies Gr and provided 12-month price targets. The average target is $19.33, accompanied by a high estimate of $26.00 and a low estimate of $15.00. Observing a downward trend, the current average is 20.06% lower than the prior average price target of $24.18.

Decoding Analyst Ratings: A Detailed Look

In examining recent analyst actions, we gain insights into 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: 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: Offering a comprehensive view, analysts assess stocks qualitatively, spanning 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.

Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Shoals Technologies Gr's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.

Stay up to date on Shoals Technologies Gr analyst ratings.

Delving into Shoals Technologies Gr's Background

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.

Breaking Down Shoals Technologies Gr's Financial Performance

Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.

Positive Revenue Trend: Examining Shoals Technologies Gr's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 47.77% as of 30 September, 2023, showcasing a substantial increase in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.

Net Margin: Shoals Technologies Gr's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -7.32% net margin, the company effectively manages costs and achieves strong profitability.

Return on Equity (ROE): Shoals Technologies Gr's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -1.86%, the company may face hurdles in achieving optimal financial returns.

Return on Assets (ROA): Shoals Technologies Gr's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -1.18%, the company may face hurdles in achieving optimal financial performance.

Debt Management: Shoals Technologies Gr's debt-to-equity ratio is below the industry average at 0.36, reflecting a lower dependency on debt financing and a more conservative financial approach.

Understanding the Relevance of Analyst Ratings

Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.

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.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

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