1 week Ago By Defense World Staff
Shoals Technologies Group ( NASDAQ:SHLS – Get Free Report ) had its price target lowered by equities researchers at Mizuho from $7.00 to $6.00 in a research note issued to investors on Friday, Benzinga reports.
The brokerage presently has an “outperform” rating on the stock. Mizuho’s price objective points to a potential upside of 26.85% from the company’s previous close.
A number of other research analysts also recently commented on SHLS. Bank of America initiated coverage on Shoals Technologies Group in a research report on Monday, November 25th. They set a “buy” rating and a $6.
00 target price for the company. Guggenheim decreased their price objective on Shoals Technologies Group from $8.00 to $7.
00 and set a “buy” rating for the company in a report on Thursday, November 21st. Wells Fargo & Company started coverage on Shoals Technologies Group in a research report on Monday, October 14th. They set an “equal weight” rating and a $46.
00 price objective on the stock. JPMorgan Chase & Co. reduced their price target on Shoals Technologies Group from $11.
00 to $10.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Truist Financial cut their price target on shares of Shoals Technologies Group from $8.
00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock.
According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $9.58. View Our Latest Stock Report on SHLS Shoals Technologies Group Price Performance Shoals Technologies Group ( NASDAQ:SHLS – Get Free Report ) last issued its quarterly earnings results on Tuesday, November 12th.
The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.
02). The business had revenue of $102.20 million during the quarter, compared to the consensus estimate of $98.
86 million. Shoals Technologies Group had a return on equity of 9.83% and a net margin of 7.
78%. The firm’s revenue was down 23.8% compared to the same quarter last year.
During the same quarter in the previous year, the business earned $0.16 earnings per share. As a group, equities analysts expect that Shoals Technologies Group will post 0.
29 EPS for the current year. Insider Buying and Selling at Shoals Technologies Group In related news, CEO Brandon Moss bought 22,300 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were purchased at an average cost of $4.
55 per share, with a total value of $101,465.00. Following the completion of the transaction, the chief executive officer now directly owns 593,700 shares of the company’s stock, valued at approximately $2,701,335.
This represents a 3.90 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website .
Insiders have sold 6,460 shares of company stock worth $30,271 over the last quarter. 1.67% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows Institutional investors have recently added to or reduced their stakes in the business. FMR LLC raised its holdings in Shoals Technologies Group by 48.9% during the third quarter.
FMR LLC now owns 5,806 shares of the company’s stock worth $33,000 after purchasing an additional 1,906 shares in the last quarter. Mackenzie Financial Corp bought a new stake in shares of Shoals Technologies Group in the 2nd quarter worth approximately $64,000. Empirical Asset Management LLC acquired a new stake in Shoals Technologies Group during the fourth quarter valued at approximately $59,000.
TrinityPoint Wealth LLC bought a new position in shares of Shoals Technologies Group in the third quarter valued at $60,000. Finally, American Trust acquired a new position in shares of Shoals Technologies Group in the 2nd quarter worth $68,000. Shoals Technologies Group Company Profile ( Get Free Report ) 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. Read More Five stocks we like better than Shoals Technologies Group Learn Technical Analysis Skills to Master the Stock Market Bloom Energy: Powering the Future With Decentralized Energy How to Plot Fibonacci Price Inflection Levels Dividend Powerhouses: Blue-Chip Stocks Built for the Long Haul Upcoming IPO Stock Lockup Period, Explained Why Traders Are Buying the Dip on Johnson & Johnson Stock 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 .
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