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Shoals Technologies (SHLS) Company Overview

Profile

Full Name:

Shoals Technologies Group, Inc.

Sector:

Technology

Industry:

Solar

Country:

United States

IPO:

January 28, 2021

Indexes:

Not included

Description:

Shoals Technologies (SHLS) specializes in providing innovative electrical balance of system solutions for solar energy projects. Their products enhance the efficiency and reliability of solar installations, making renewable energy more accessible and cost-effective for customers in the growing solar market.

Key Details

Price

$4.47

Annual Revenue

$488.94 M(+49.55% YoY)

Annual EPS

$0.24(-71.76% YoY)

Beta

0.71

Events Calendar

Earnings

Next earnings date:

Feb 25, 2025

Recent quarterly earnings:

Nov 12, 2024

Recent annual earnings:

Feb 28, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

N/A
Splits

Next split:

N/A

Recent split:

N/A

Analyst ratings

Recent major analysts updates

Jan 28, 25 Oppenheimer
Outperform
Jan 24, 25 Mizuho
Outperform
Jan 23, 25 JP Morgan
Overweight
Jan 22, 25 Goldman Sachs
Buy
Jan 17, 25 Barclays
Equal-Weight
Jan 16, 25 Truist Securities
Buy
Dec 17, 24 Morgan Stanley
Overweight
Dec 17, 24 Goldman Sachs
Buy
Nov 25, 24 B of A Securities
Buy
Nov 22, 24 Piper Sandler
Overweight

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Shoals Technologies: A Great Risk-Reward Play Right Now
Shoals Technologies: A Great Risk-Reward Play Right Now
Shoals Technologies: A Great Risk-Reward Play Right Now
SHLS
seekingalpha.comJanuary 22, 2025

Shoals Technologies Group, a leader in EBOS solutions for the solar sector, offers a compelling risk-reward profile despite recent setbacks, including a patent infringement case loss. The company's innovative "plug-and-play" BLA system reduces costs and complexity, enhancing safety and efficiency, which has driven its market share from 7% in 2017 to 32% in 2020. Despite short-term challenges like project delays and litigation costs, Shoals has consistently generated free cash flow and maintains a robust pipeline, signaling strong long-term prospects.

Shoals Technologies Group Files Additional Patent Infringement Complaint Against Voltage, LLC with the ITC
Shoals Technologies Group Files Additional Patent Infringement Complaint Against Voltage, LLC with the ITC
Shoals Technologies Group Files Additional Patent Infringement Complaint Against Voltage, LLC with the ITC
SHLS
globenewswire.comJanuary 9, 2025

Shoals Technologies Group, Inc., maintains commitment to protecting U.S. Solar Manufacturing, files additional patent infringement complaint with ITC.

Shoals Technologies Q3: Still A Lot Of Uncertainty On The Horizon
Shoals Technologies Q3: Still A Lot Of Uncertainty On The Horizon
Shoals Technologies Q3: Still A Lot Of Uncertainty On The Horizon
SHLS
seekingalpha.comNovember 19, 2024

Shoals Technologies Group, Inc. reported mixed Q3 earnings with a revenue decline and EPS miss due to project delays, impacting overall performance. Improved gross profit and operating margins show progress, but high debt and interest expenses raise concerns about financial health during prolonged downturns. Delays and potential political changes pose risks, while solar power's cost-effectiveness offers some optimism amid uncertainties.

Shoals Technologies Group, Inc. (SHLS) Q3 2024 Earnings Call Transcript
Shoals Technologies Group, Inc. (SHLS) Q3 2024 Earnings Call Transcript
Shoals Technologies Group, Inc. (SHLS) Q3 2024 Earnings Call Transcript
SHLS
seekingalpha.comNovember 12, 2024

Shoals Technologies Group, Inc. (NASDAQ:SHLS ) Q3 2024 Earnings Conference Call November 12, 2024 8:00 AM ET Company Participants Matthew Tractenberg - Vice President of Finance and Investor Relations Brandon Moss - Chief Executive Officer Dominic Bardos - Chief Financial Officer Conference Call Participants Brian Lee - Goldman Sachs Mark Strouse - JPMorgan Philip Shen - ROTH Capital Partners Kashy Harrison - Piper Sandler Christine Cho - Barclays Jordan Levy - Truist Securities Andrew Percoco - Morgan Stanley Praneeth Satish - Wells Fargo Joseph Osha - Guggenheim Partners Colin Rusch - Oppenheimer Operator Hello and welcome to the Shoals Technologies Group, Inc. Third Quarter 2024 Earnings Call. My name is Alex and I'll be coordinating the call today.

Shoals Technologies Group (SHLS) Misses Q3 Earnings Estimates
Shoals Technologies Group (SHLS) Misses Q3 Earnings Estimates
Shoals Technologies Group (SHLS) Misses Q3 Earnings Estimates
SHLS
zacks.comNovember 12, 2024

Shoals Technologies Group (SHLS) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.20 per share a year ago.

Shoals Technologies Group, Inc. Reports Financial Results for Third Quarter 2024
Shoals Technologies Group, Inc. Reports Financial Results for Third Quarter 2024
Shoals Technologies Group, Inc. Reports Financial Results for Third Quarter 2024
SHLS
globenewswire.comNovember 12, 2024

– Secures Favorable Initial Ruling in ITC Case Against Voltage, LLC – – Quarterly Revenue of $102.2 million – – Gross Profit Percentage of 24.8% and Adjusted Gross Profit Percentage of 37.9% – – Net Loss of $0.3 million – – Adjusted EBITDA of $24.5 million – – Raises Midpoint of Full-Year Revenue Outlook – PORTLAND, Tenn., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals” or the “Company”) (Nasdaq: SHLS), a leading provider of electrical balance of system (“EBOS”) solutions for the energy transition market, today announced results for its third quarter ended September 30, 2024.

INVESTOR ALERT: Rigrodsky Law, P.A. Reminds Shareholders of Investigation of Shoals Technologies Group, Inc.
INVESTOR ALERT: Rigrodsky Law, P.A. Reminds Shareholders of Investigation of Shoals Technologies Group, Inc.
INVESTOR ALERT: Rigrodsky Law, P.A. Reminds Shareholders of Investigation of Shoals Technologies Group, Inc.
SHLS
accesswire.comOctober 25, 2024

WILMINGTON, DE / ACCESSWIRE / October 25, 2024 / Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Shoals Technologies Group, Inc. ("Shoals" or the "Company") (NASDAQ GM:SHLS) on behalf of stockholders.

Shoals Technologies Group, Inc. Being Investigated on Behalf of Shoals Technologies Group, Inc. Investors. Contact Levi & Korsinsky For Details.
Shoals Technologies Group, Inc. Being Investigated on Behalf of Shoals Technologies Group, Inc. Investors. Contact Levi & Korsinsky For Details.
Shoals Technologies Group, Inc. Being Investigated on Behalf of Shoals Technologies Group, Inc. Investors. Contact Levi & Korsinsky For Details.
SHLS
accesswire.comOctober 22, 2024

NEW YORK, NY / ACCESSWIRE / October 22, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Shoals Technologies Group, Inc. ("Shoals Technologies Group, Inc.") (NASDAQ:SHLS) concerning possible violations of federal securities laws. The investigation concerns whether Shoals and certain of its directors and/or officers failed to disclose to shareholders that: (i) certain of the Company's products used for solar power generation were not of the highest levels of quality and reliability as Shoals claimed; (ii) the Company received numerous reports of defects in wire harnesses it had installed in a number of solar fields; and (iii) it would cost Shoals millions of dollars to remediate the defects with its products.

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Shoals Technologies Group, Inc. On Behalf of Shareholders
SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Shoals Technologies Group, Inc. On Behalf of Shareholders
SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Shoals Technologies Group, Inc. On Behalf of Shareholders
SHLS
accesswire.comOctober 17, 2024

WILMINGTON, DE / ACCESSWIRE / October 17, 2024 / Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Shoals Technologies Group, Inc. ("Shoals" or the "Company") (NASDAQ GM:SHLS) on behalf of stockholders.

Shoals Technologies Group, Inc. Announces Third Quarter 2024 Earnings Release Date and Conference Call
Shoals Technologies Group, Inc. Announces Third Quarter 2024 Earnings Release Date and Conference Call
Shoals Technologies Group, Inc. Announces Third Quarter 2024 Earnings Release Date and Conference Call
SHLS
https://www.globenewswire.com/news-release/2024/10/14/2962851/0/en/Shoals-Technologies-Group-Inc-Announces-Third-Quarter-2024-Earnings-Release-Date-and-Conference-Call.htmlOctober 14, 2024

PORTLAND, Tenn., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (the “Company”) (Nasdaq: SHLS) today announced that the Company will release its third quarter 2024 results before market open on Tuesday, November 12, 2024, to be followed by a conference call at 8:00 a.m. (Eastern Time) on the same day.

FAQ

  • What is the ticker symbol for Shoals Technologies?
  • Does Shoals Technologies pay dividends?
  • What sector is Shoals Technologies in?
  • What industry is Shoals Technologies in?
  • What country is Shoals Technologies based in?
  • When did Shoals Technologies go public?
  • Is Shoals Technologies in the S&P 500?
  • Is Shoals Technologies in the NASDAQ 100?
  • Is Shoals Technologies in the Dow Jones?
  • When was Shoals Technologies's last earnings report?
  • When does Shoals Technologies report earnings?
  • Should I buy Shoals Technologies stock now?

What is the ticker symbol for Shoals Technologies?

The ticker symbol for Shoals Technologies is NASDAQ:SHLS

Does Shoals Technologies pay dividends?

No, Shoals Technologies does not pay dividends

What sector is Shoals Technologies in?

Shoals Technologies is in the Technology sector

What industry is Shoals Technologies in?

Shoals Technologies is in the Solar industry

What country is Shoals Technologies based in?

Shoals Technologies is headquartered in United States

When did Shoals Technologies go public?

Shoals Technologies's initial public offering (IPO) was on January 28, 2021

Is Shoals Technologies in the S&P 500?

No, Shoals Technologies is not included in the S&P 500 index

Is Shoals Technologies in the NASDAQ 100?

No, Shoals Technologies is not included in the NASDAQ 100 index

Is Shoals Technologies in the Dow Jones?

No, Shoals Technologies is not included in the Dow Jones index

When was Shoals Technologies's last earnings report?

Shoals Technologies's most recent earnings report was on Nov 12, 2024

When does Shoals Technologies report earnings?

The next expected earnings date for Shoals Technologies is Feb 25, 2025

Should I buy Shoals Technologies stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions