Shoals Technologies Group (SHLS) Scheduled to Post Earnings on Tuesday

Shoals Technologies Group (NASDAQ:SHLS) is set to issue its quarterly earnings data before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Shoals Technologies Group Stock Down 1.9 %

SHLS opened at $5.71 on Friday. The company has a market cap of $951.57 million, a PE ratio of 40.79, a price-to-earnings-growth ratio of 0.85 and a beta of 1.73. Shoals Technologies Group has a twelve month low of $4.85 and a twelve month high of $17.50. The company has a 50-day moving average price of $5.61 and a 200 day moving average price of $6.33. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.27.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SHLS shares. Roth Mkm lowered their price target on shares of Shoals Technologies Group from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th. Citigroup upgraded Shoals Technologies Group from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $5.00 to $5.50 in a report on Thursday, October 3rd. Jefferies Financial Group started coverage on Shoals Technologies Group in a report on Wednesday, September 4th. They issued a “hold” rating and a $5.00 price target for the company. Wells Fargo & Company assumed coverage on Shoals Technologies Group in a research note on Monday, October 14th. They set an “equal weight” rating and a $46.00 price objective on the stock. Finally, Oppenheimer dropped their target price on Shoals Technologies Group from $14.00 to $12.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.55.

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.