Shoals Technologies Gr Stock: A Deep Dive Into Analyst Perspectives (11 Ratings)
Throughout the last three months, 11 analysts have evaluated Shoals Technologies Gr (NASDAQ:SHLS), offering a diverse set of opinions from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 3 | 2 | 1 | 1 |
| Last 30D | 0 | 0 | 0 | 0 | 1 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 3 | 2 | 2 | 1 | 0 |
| 3M Ago | 1 | 1 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $11.36, a high estimate of $16.00, and a low estimate of $5.00. Observing a downward trend, the current average is 29.79% lower than the prior average price target of $16.18.
Investigating Analyst Ratings: An Elaborate Study
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 |
|---|---|---|---|---|---|
| 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 |
| Maheep Mandloi | Mizuho | Lowers | Buy | $16.00 | $18.00 |
| Kashy Harrison | Piper Sandler | Lowers | Overweight | $14.00 | $16.00 |
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: Gaining insights, analysts provide 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: Understanding forecasts, analysts offer estimates for Shoals Technologies Gr's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
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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Discovering Shoals Technologies Gr: A Closer Look
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 Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Challenges: Shoals Technologies Gr's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -13.59%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: Shoals Technologies Gr's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 5.26%, the company showcases strong profitability and effective cost management.
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 0.87%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Shoals Technologies Gr's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.57%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Shoals Technologies Gr's debt-to-equity ratio is below the industry average. With a ratio of 0.3, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Analyst Ratings: What Are They?
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.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.