Shoals Applied sciences Group, Inc. (NASDAQ:SHLS) Receives Common Suggestion of “Reasonable Purchase” from Analysts

Shoals Technologies Group logoShoals Applied sciences Group, Inc. (NASDAQ:SHLS – Get Ranking) has obtained a mean ranking of “Maintain” from the fourteen analysis corporations which can be masking the agency, Marketbeat Scores stories. 5 analysis analysts have rated the inventory with a maintain suggestion and 4 have issued a purchase suggestion on the corporate. The common 12 month goal worth amongst brokerages which have lined the inventory within the final 12 months is $25.92.

A lot of brokerages have issued stories on SHLS. UBS Group elevated their worth goal on Shoals Applied sciences Group to $27.00 in a analysis word on Thursday, June ninth. Oppenheimer dropped their worth goal on shares of Shoals Applied sciences Group to $40.00 and set a “na” ranking on the inventory in a analysis word on Tuesday, Might seventeenth. Cowen lowered their worth goal on Shoals Applied sciences Group to $20.00 and set a “na” ranking on the inventory in a analysis report on Tuesday, Might seventeenth. The Goldman Sachs Group raised their worth goal on Shoals Applied sciences Group from $19.00 to $22.00 and gave the corporate a “purchase” ranking in a analysis report on Monday, June twentieth. Lastly, Northland Securities downgraded Shoals Applied sciences Group from an “outperform” ranking to a “market carry out” ranking in a analysis report on Tuesday, July nineteenth.

Shoals Applied sciences Group Inventory Up 4.9%

Shares of NASDAQ:SHLS opened at $23.63 on Monday. The enterprise has a fifty day easy transferring common of $17.44 and a 200-day easy transferring common of $15.96. Shoals Applied sciences Group has a 52 week low of $9.58 and a 52 week excessive of $36.86. The corporate has a market cap of $3.95 billion, a P/E ratio of 472.60 and a beta of 1.84.

Shoals Applied sciences Group (NASDAQ:SHLS – Get Ranking) final launched its quarterly earnings outcomes on Monday, Might sixteenth. The corporate reported $0.02 EPS for the quarter, lacking the consensus estimate of $0.05 by ($0.03). The enterprise had income of $67.98 million in the course of the quarter, in comparison with analyst estimates of $69.97 million. Shoals Applied sciences Group had a adverse return on fairness of 179.10% and a internet margin of three.33%. The corporate’s income for the quarter was up 49.1% in comparison with the identical quarter final 12 months. Promote-side analysts anticipate that Shoals Applied sciences Group will put up 0.23 earnings per share for the present fiscal 12 months.

Insiders Place Their Bets

In different information, Common Counsel Mehgan Peetz bought 4,940 shares of the enterprise’s inventory in a transaction dated Monday, Might twenty third. The shares had been bought at a mean worth of $15.17, for a complete transaction of $74,939.80. Following the transaction, the overall counsel now instantly owns 84,809 shares within the firm, valued at roughly $1,286,552.53. The transaction was disclosed in a doc filed with the Securities & Alternate Fee, which might be accessed by means of the SEC web site. In different Shoals Applied sciences Group information, Common Counsel Mehgan Peetz bought 4,940 shares of the inventory in a transaction that occurred on Monday, Might twenty third. The shares had been bought at a mean worth of $15.17, for a complete transaction of $74,939.80. Following the transaction, the overall counsel now owns 84,809 shares within the firm, valued at roughly $1,286,552.53. The sale was disclosed in a doc filed with the SEC, which is accessible by means of the SEC web site. Additionally, Director Ty P. Daul purchased 5,500 shares of the agency’s inventory in a transaction on Thursday, June sixteenth. The shares had been acquired at a mean worth of $17.60 per share, for a complete transaction of $96,800.00. Following the transaction, the director now owns 28,591 shares within the firm, valued at $503,201.60. The disclosure for this buy might be discovered right here. Insiders personal 1.67% of the corporate’s inventory.

Hedge Funds Weigh In On Shoals Applied sciences Group

A number of institutional traders and hedge funds have just lately added to or decreased their stakes within the inventory. Benjamin F. Edwards & Firm Inc. lifted its place in shares of Shoals Applied sciences Group by 22.2% in the course of the first quarter. Benjamin F. Edwards & Firm Inc. now owns 4,400 shares of the corporate’s inventory valued at $75,000 after buying a further 800 shares within the final quarter. ETF Managers Group LLC raised its place in Shoals Applied sciences Group by 5.0% within the fourth quarter. ETF Managers Group LLC now owns 19,644 shares of the corporate’s inventory price $486,000 after buying a further 933 shares in the course of the interval. Raymond James & Associates elevated its stake in shares of Shoals Applied sciences Group by 1.1% within the first quarter. Raymond James & Associates now owns 90.966 shares of the corporate’s inventory price $1,550,000 after buying a further 1,034 shares within the final quarter. Cambridge Funding Analysis Advisors Inc. elevated its stake in shares of Shoals Applied sciences Group by 6.8% within the fourth quarter. Cambridge Funding Analysis Advisors Inc. now owns 17,130 shares of the corporate’s inventory price $416,000 after buying a further 1,088 shares within the final quarter. Lastly, Nationwide Financial institution of Canada FI bought a brand new place in shares of Shoals Applied sciences Group within the fourth quarter price about $29,000. Institutional traders personal 67.05% of the corporate’s inventory.

About Shoals Applied sciences Group

(Get Ranking)

Shoals Applied sciences Group, Inc. supplies electrical stability of system (EBOS) options for photo voltaic power initiatives in the US. It produces EBOS parts, together with cable assemblies, inline fuses, combiners, disconnects, recombiners, wi-fi monitoring techniques, junction containers, transition enclosures, splice containers, wire administration options, and IV curve benchmarking gadgets.

Additional Studying

Analyst Recommendations for Shoals Technologies Group (NASDAQ:SHLS)

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