Deep Dive Into Shoals Technologies Gr Stock: Analyst Perspectives (13 Ratings)
In the preceding three months, 13 analysts have released ratings for Shoals Technologies Gr (NASDAQ:SHLS), presenting a wide array of perspectives from bullish to bearish.
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.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 4 | 3 | 1 | 1 |
| Last 30D | 1 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 2 | 0 | 0 | 1 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 3 | 2 | 2 | 1 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $11.77, along with a high estimate of $23.00 and a low estimate of $5.00. A 27.84% drop is evident in the current average compared to the previous average price target of $16.31.
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.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Jon Windham | UBS | Lowers | Buy | $12.00 | $20.00 |
| Christine Cho | Barclays | Lowers | Equal-Weight | $10.00 | $12.00 |
| Mark Strouse | JP Morgan | Raises | Overweight | $23.00 | $21.00 |
| Chris Dendrinos | RBC Capital | Lowers | Outperform | $13.00 | $15.00 |
| Vikram Bagri | Citigroup | Lowers | Sell | $5.00 | $15.00 |
| Christine Cho | Barclays | Lowers | Equal-Weight | $12.00 | $13.00 |
| Jeffrey Osborne | TD Cowen | Lowers | Buy | $11.00 | $15.00 |
| Derek Soderberg | Cantor Fitzgerald | Lowers | Overweight | $14.00 | $24.00 |
| Kashy Harrison | Piper Sandler | Lowers | Overweight | $11.00 | $14.00 |
| Donovan Schafer | Northland Capital Markets | Lowers | Underperform | $6.00 | $12.00 |
| Maheep Mandloi | Mizuho | Lowers | Buy | $13.00 | $16.00 |
| Philip Shen | Roth MKM | Lowers | Neutral | $8.00 | $15.00 |
| Philip Shen | Roth MKM | Lowers | Buy | $15.00 | $20.00 |
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: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect 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.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Shoals Technologies Gr's market standing. Stay informed and make well-considered decisions with our Ratings Table.
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Unveiling the Story Behind 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.
Shoals Technologies Gr: Financial Performance Dissected
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.
Negative Revenue Trend: Examining Shoals Technologies Gr's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -13.59% in revenue growth, reflecting 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 surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.26% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Shoals Technologies Gr's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 0.87%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.57%, the company showcases effective utilization of assets.
Debt Management: With a below-average debt-to-equity ratio of 0.3, Shoals Technologies Gr adopts a prudent financial strategy, indicating a balanced approach to debt management.
How Are Analyst Ratings Determined?
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
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.