Last Updated: 14 Sep 2024
Executive Summary
Shoals Technologies Group Inc. (SHLS) is a leading provider of Electric Balance System (EBOS) solutions for solar energy projects in the United States. The company has a strong financial position with a market capitalization of $1.06 billion, EBITDA of $63.08 million, and EPS of $0.13. SHLS has a high PE ratio of 48.85 but a low forward PE of 11.86. The company's trailing price-to-sales ratio is 2.327, and its price-to-book ratio is 1.943. Analysts have a strong buy rating on SHLS, with an average target price of $8.84.
Company Overview
Shoals Technologies Group, Inc. was founded in 2009 and is headquartered in Portland, Tennessee. The company designs, manufactures, and sells EBOS solutions for solar energy projects. EBOS solutions help to improve the efficiency and reliability of solar energy systems. Shoals Technologies has a strong customer base, including some of the largest solar energy companies in the United States.
Fundamental Analysis
Shoals Technologies has a strong financial position. The company has a market capitalization of $1.06 billion, EBITDA of $63.08 million, and EPS of $0.13. The company's revenue has grown by an average of 20% over the past five years. Shoals Technologies has a high PE ratio of 48.85, but a low forward PE of 11.86. The company's trailing price-to-sales ratio is 2.327, and its price-to-book ratio is 1.943.
Technical Analysis
The technical analysis of SHLS shows that the stock is in a downtrend. The 50-day moving average is below the 200-day moving average, and the stock is trading below its 50-day moving average. The relative strength index (RSI) is below 50, which indicates that the stock is oversold.
Short Term Outlook
The short-term outlook for SHLS is negative. The stock is in a downtrend, and the technical indicators are bearish. The stock is likely to continue to decline in the short term.
Long Term Outlook
The long-term outlook for SHLS is positive. The company has a strong financial position and a growing customer base. The solar energy industry is expected to continue to grow in the coming years, which will benefit Shoals Technologies. The stock is likely to recover in the long term.
Analyst Recommendations
Analysts have a strong buy rating on SHLS, with an average target price of $8.84. The analysts believe that the company is undervalued and has a lot of growth potential.
