Analyst Ratings for Shoals Technologies Gr: A Mix of Bullish and Bearish Perspectives
Shoals Technologies Group Inc, a provider of electrical balance of system (EBOS) solutions for solar energy projects, has recently received ratings from 6 analysts, reflecting a combination of bullish and bearish perspectives. These ratings offer valuable insights into how financial experts perceive the company and its market performance.
Let’s take a closer look at the recent ratings provided by analysts for Shoals Technologies Gr. In the table below, you’ll find a summary of their ratings over the past 30 days, comparing them to previous months:
| | Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish |
|——————|———|—————–|————-|——————|———|
| Total Ratings | 3 | 1 | 2 | 0 | 0 |
| Last 30 Days | 0 | 0 | 1 | 0 | 0 |
| 1 Month Ago | 1 | 0 | 0 | 0 | 0 |
| 2 Months Ago | 0 | 0 | 1 | 0 | 0 |
| 3 Months Ago | 2 | 1 | 0 | 0 | 0 |
These ratings show a mix of positive and neutral sentiments, with no bearish ratings in the latest quarter. It’s important to note that analyst ratings can change over time as new information becomes available and market dynamics shift.
In addition to the ratings, analysts also provide price targets for the stock. The average 12-month price target for Shoals Technologies Gr is $20.0, with a high estimate of $28.00 and a low estimate of $15.00. This average represents a 1.23% decrease from the previous average price target of $20.25. These price targets reflect analysts’ expectations for the stock’s future value and can be useful for investors in understanding consensus views on its potential performance.
Let’s delve into some key insights from recent analyst actions for Shoals Technologies Gr:
1. Christine Cho from Barclays lowered the rating to “Equal-Weight” and adjusted the price target from $17.00 to $15.00.
2. Maheep Mandloi from Mizuho raised the rating to “Buy” and increased the price target from $18.00 to $19.00.
3. Stephen Biggar from Morgan Stanley lowered the rating to “Equal-Weight” and adjusted the price target from $21.00 to $17.00.
4. Jordan Levy from Truist Securities lowered the rating to “Buy” and revised the price target from $25.00 to $23.00.
5. Derek Soderberg from Cantor Fitzgerald maintained the rating as “Overweight” and set a price target of $28.00.
These actions and adjustments reflect analysts’ responses to changing market dynamics and company performance. It’s important to consider these evaluations alongside crucial financial indicators to gain a comprehensive understanding of Shoals Technologies Gr’s market performance.
Shoals Technologies Gr has shown remarkable revenue growth, with a growth rate of 47.77% as of September 30, 2023. The company’s net margin of -7.32% indicates strong profitability and effective cost management, while its return on equity (ROE) and return on assets (ROA) are below industry averages, suggesting potential challenges in efficiently utilizing equity capital and assets.
In conclusion, analyst ratings provide valuable insights into the market perception of Shoals Technologies Gr. Investors should consider these ratings alongside other financial indicators to make informed decisions. Stay up to date with the latest analyst ratings for Shoals Technologies Gr to stay well-informed about the company’s performance and potential future prospects.
