Shoals Technologies Group (SHLS) to Release Quarterly Earnings on Wednesday

Shoals Technologies Group (NASDAQ:SHLS) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.09 per share and revenue of $102.16 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Shoals Technologies Group Stock Performance

Shares of SHLS opened at $4.48 on Tuesday. Shoals Technologies Group has a 52-week low of $3.83 and a 52-week high of $16.19. The stock’s 50-day simple moving average is $4.92 and its 200 day simple moving average is $5.18. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.36 and a current ratio of 2.08. The stock has a market capitalization of $746.82 million, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of 0.52 and a beta of 1.62.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SHLS. Wolfe Research began coverage on shares of Shoals Technologies Group in a report on Tuesday, February 18th. They issued a “peer perform” rating on the stock. Morgan Stanley upgraded shares of Shoals Technologies Group from an “equal weight” rating to an “overweight” rating and set a $7.00 target price on the stock in a research note on Tuesday, December 17th. TD Cowen boosted their price target on shares of Shoals Technologies Group from $9.50 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Oppenheimer lowered their price objective on Shoals Technologies Group from $11.00 to $10.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. Finally, Mizuho dropped their price objective on Shoals Technologies Group from $7.00 to $6.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.48.

About Shoals Technologies Group

Shoals Technologies Group, Inc provides electrical balance of system (EBOS) solutions and components for solar, battery energy, and electric vehicle (EV) charging applications in the United States and internationally. The company designs, manufactures, and sells system solutions for both homerun and combine-as-you-go wiring architectures, as well as offers technical support services.