Shoals Technologies Group, Inc. (NASDAQ:SHLS – Get Free Report)

has been assigned a consensus rating of “Moderate Buy” from the seventeen analysts that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $10.79.

A number of research firms have weighed in on SHLS. Jefferies Financial Group lifted their price target on shares of Shoals Technologies Group from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Barclays increased their price objective on shares of Shoals Technologies Group from $10.00 to $11.00 and gave the company an “overweight” rating in a research note on Thursday.

Citigroup reaffirmed a “neutral” rating on shares of Shoals Technologies Group in a report on Wednesday, July 22nd. Oppenheimer reaffirmed an “outperform” rating and set a $13.00 price objective on shares of Shoals Technologies Group in a report on Tuesday, August 4th. Finally, The Goldman Sachs Group lifted their target price on shares of Shoals Technologies Group from $11.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Institutional Inflows and Outflows Shoals Technologies Group Price Performance Shares of NASDAQ:SHLS opened at $8.74 on Friday. The firm has a market capitalization of $1.47 billion, a PE ratio of 46.00, a PEG ratio of 1.08 and a beta of 1.85.

The company has a current ratio of 2.25, a quick ratio of 1.12 and a debt-to-equity ratio of 0.32. Shoals Technologies Group has a 1-year low of $5.43 and a 1-year high of $13.18. The business’s 50 day moving average is $7.76 and its 200-day moving average is $8.63. Shoals Technologies Group (NASDAQ:SHLS – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th.

The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02.

The business had revenue of $163.37 million for the quarter, compared to analysts’ expectations of $160.03 million. Shoals Technologies Group had a return on equity of 10.07% and a net margin of 5.41%. Shoals Technologies Group’s quarterly revenue was up 47.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 earnings per share.

Sell-side analysts predict that Shoals Technologies Group will post 0.34 earnings per share for the current year. About Shoals Technologies Group Shoals Technologies Group, Inc (NASDAQ:SHLS)

develops electrical balance-of-system (EBOS) products and systems for solar energy installations. Its solutions are designed to connect, protect, monitor and manage the flow of electricity between solar panels and the electrical grid, helping reduce installation complexity and support the performance and safety of photovoltaic projects. The company’s product portfolio includes electrical wire harnesses, inline fuses, combiner boxes, disconnects, junction boxes, monitoring systems and other power-management equipment. - The Grocery Shelf Battle Is Changing—Who Comes Out Ahead? - 3 Unique ETFs With Strong Momentum for the End of the Year - 3 Beaten-Down Biotech Stocks With Triple-Digit Upside and Big Catalysts Ahead Receive News & Ratings for Shoals Technologies Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shoals Technologies Group and related companies with MarketBeat.com's FREE daily email newsletter.