3 days Ago By ABMN Staff
Shoals Technologies Group ( NASDAQ:SHLS – Free Report ) had its price objective lowered by Morgan Stanley from $8.00 to $7.00 in a research report report published on Friday morning, Benzinga reports.
Morgan Stanley currently has an equal weight rating on the stock. Other equities research analysts have also issued reports about the stock. BNP Paribas lowered shares of Shoals Technologies Group from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $15.
00 to $7.00 in a report on Wednesday, August 7th. Citigroup upgraded Shoals Technologies Group from a “sell” rating to a “neutral” rating and boosted their price target for the company from $5.
00 to $5.50 in a research note on Thursday, October 3rd. Piper Sandler raised their price objective on Shoals Technologies Group from $8.
00 to $10.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Barclays decreased their target price on Shoals Technologies Group from $7.
00 to $5.00 and set an “equal weight” rating for the company in a report on Wednesday, November 13th. Finally, Truist Financial cut their price target on shares of Shoals Technologies Group from $10.
00 to $8.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company.
Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $11.92. Read Our Latest Stock Analysis on Shoals Technologies Group Shoals Technologies Group Trading Down 6.
6 % Shoals Technologies Group ( NASDAQ:SHLS – Get Free Report ) last released 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 firm had revenue of $102.
20 million during the quarter, compared to analysts’ expectations of $98.86 million. Shoals Technologies Group had a return on equity of 9.
83% and a net margin of 7.78%. Shoals Technologies Group’s revenue for the quarter was down 23.
8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 earnings per share.
As a group, equities research analysts anticipate that Shoals Technologies Group will post 0.28 earnings per share for the current fiscal year. Institutional Trading of Shoals Technologies Group Hedge funds and other institutional investors have recently added to or reduced their stakes in the business.
FMR LLC lifted its holdings in shares of Shoals Technologies Group by 48.9% during the 3rd quarter. FMR LLC now owns 5,806 shares of the company’s stock worth $33,000 after acquiring an additional 1,906 shares during the period.
1620 Investment Advisors Inc. acquired a new stake in Shoals Technologies Group during the second quarter worth about $54,000. TrinityPoint Wealth LLC acquired a new position in shares of Shoals Technologies Group in the 3rd quarter valued at about $60,000.
Mackenzie Financial Corp purchased a new stake in shares of Shoals Technologies Group during the 2nd quarter worth about $64,000. Finally, American Trust acquired a new stake in Shoals Technologies Group during the 2nd quarter worth approximately $68,000. About Shoals Technologies Group ( 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. Further Reading 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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