Shoals Technologies Group (SHLS) Set to Announce Quarterly Earnings on Tuesday

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

Shoals Technologies Group Price Performance

Shares of NASDAQ:SHLS opened at $5.71 on Monday. The company has a market capitalization of $951.57 million, a P/E ratio of 40.79, a price-to-earnings-growth ratio of 0.84 and a beta of 1.73. The company’s 50-day moving average is $5.61 and its 200 day moving average is $6.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.50 and a current ratio of 2.26. Shoals Technologies Group has a fifty-two week low of $4.85 and a fifty-two week high of $17.50.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Barclays reiterated an “equal weight” rating and issued a $7.00 target price on shares of Shoals Technologies Group in a research note on Thursday, October 10th. UBS Group dropped their price objective on Shoals Technologies Group from $12.00 to $9.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Roth Mkm decreased their target price on Shoals Technologies Group from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Friday, September 6th. BNP Paribas cut Shoals Technologies Group from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $15.00 to $7.00 in a research report on Wednesday, August 7th. Finally, Citigroup raised Shoals Technologies Group from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $5.00 to $5.50 in a report on Thursday, October 3rd. Three research 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.com, the stock currently has a consensus rating of “Hold” and an average price target 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.