How to Buy Shoals Technologies Group Stock
Shoals Technologies Group Inc
Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions for solar energy projects in the United States.
Shoals Technologies Group stock last closed at $8.26, down 2.71% from the previous day, and has decreased 61.72% in one year. It has underperformed other stocks in the Solar industry by 0.06 percentage points. Shoals Technologies Group stock is currently +2.48% from its 52-week low of $8.06, and -70.85% from its 52-week high of $28.34.
As of Apr 25, 2024, there are 170.33M shares of SHLS outstanding. The market value of SHLS is $1.41B. In the last 24 hours, 2.63M SHLS shares were traded.
How to Buy Shoals Technologies Group Stock
Wondering how to invest in Shoals Technologies Group stock? Here's how.
- Decide where to buy Shoals Technologies Group stock: You need to choose an online brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you determine where to buy Shoals Technologies Group stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your investment account: Pick your method of payment and add your details.
- Analyze Shoals Technologies Group stock: The Shoals Technologies Group ticker symbol is SHLS. Is Shoals Technologies Group stock a good investment? Should you buy shares of SHLS? How do SHLS's underlying business fundamentals look? Do top analysts think Shoals Technologies Group is a good buy? Why has SHLS's stock price moved recently? (Hint: Our stock market analysis tools can help you understand if SHLS is a good stock to buy).
- Execute your SHLS buy order: Decide if you will purchase SHLS shares at the current market price or use a limit order to purchase SHLS shares at a specific price.
- Watch your SHLS investment: Create a watchlist to keep track of your position in Shoals Technologies Group stock.
Step 1: Decide where to buy Shoals Technologies Group stock
You need an online brokerage account in order to access the NASDAQ market and buy SHLS shares.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Create a brokerage account
Now that you've selected your brokerage, it's time to fill out some personal info so you can invest in SHLS today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to start a new brokerage account.
- Send your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have created your account on stock market app, your next step is to transfer the money for your investment:
Watch this video walkthrough for more details transferring money into your new investment account.
Step 4: Analyze Shoals Technologies Group stock
After you have selected the best place to buy Shoals Technologies Group stock, it's absolutely critical to analyze their stock before you buy, so you actually comprehend the risk and opportunity.
Shoals Technologies Group stock at a glance
SHLS Overview
WallStreetZen was created to help part-time investors do better fundamental analysis.
You can view all of the due diligence checks on SHLS's stock page.
Is SHLS stock overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge SHLS's intrinsic value.
Using relative valuations metrics:
- SHLS could be overvalued based on its P/E ratio of 34.42x, relative to Solar industry P/E ratio of 30.94x
- SHLS could be overvalued based on its P/B ratio of 2.58x, relative to Solar industry P/B ratio of 2.42x
- SHLS could be undervalued based on its PEG ratio of 0.62x
You can access more valuation analysis on SHLS's stock here.
SHLS Financial Health
Signs that SHLS is financially healthy:
- There are more short-term assets than short-term liabilities on the SHLS balance sheet.
- There are more short-term assets than long-term liabilities on the SHLS balance sheet.
- SHLS's operating cash flow of $91.96M allows it to safely service it's debt of $181.45M.
Signs that SHLS is not financially healthy:
- SHLS earnings of $76.35M is not sufficient to cover its interest payments.
- Total SHLS debt is higher than 5 years ago, relative to shareholder equity.
- SHLS has a relatively high debt to equity ratio of 0.55.
- SHLS profit margin has gone down from 39% to 8.2% in the past year.
Is Shoals Technologies Group stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 12 Equities analysts who research SHLS, the consensus analyst rating on SHLS is a Strong Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
Most Recent SHLS Analyst Recommendations
Jon Windham, a top 28% analyst from UBS maintains SHLS with a strong buy rating and lowers their SHLS price target from $28.00 to $20.00, on Mar 1, 2024.
Brian Lee, a bottom 2% analyst from Goldman Sachs maintains SHLS with a strong buy rating and lowers their SHLS price target from $26.00 to $23.00, on Mar 1, 2024.
Chris Dendrinos, a bottom 3% analyst from RBC Capital maintains SHLS with a buy rating and lowers their SHLS price target from $20.00 to $17.00, on Feb 29, 2024.
Mark Strouse, a top 18% analyst from JP Morgan maintains SHLS with a strong buy rating and lowers their SHLS price target from $32.00 to $26.00, on Feb 29, 2024.
Colin Rusch, a bottom 13% analyst from Oppenheimer maintains SHLS with a buy rating and lowers their SHLS price target from $42.00 to $17.00, on Feb 29, 2024.
You can dig deeper into what analysts are forecasting on the Shoals Technologies Group stock forecast page.
Metrics for Advanced SHLS Traders
Is SHLS Making Money?
Last year, SHLS earnings were $39.97M. During the last five year, SHLS's earnings have increased by 36.85% per year. This was faster than the Solar industry average of 16.48%.
Last year, SHLS revenue was $488.94M. In the last 5 year, SHLS's revenue has gone up by 36.35% per year. This was faster than the Solar industry average of 24.15%.
Dig into SHLS's earnings and revenue performance here.
What are SHLS executives and large shareholders up to?
Over the past year, executives and large shareholders at SHLS have sold more shares than they have bought.
Jeffery Tolnar, President of SHLS, was the latest SHLS insider to sell. They sold $15,819.70 worth of SHLS stock on Mar 31, 2024.
Research more about who owns SHLS shares here.
Can I get consistent income from SHLS stock?
No, Shoals Technologies Group doesn't provide an income stream by paying out dividends.
What do other investors have to say about SHLS?
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Execute your SHLS buy order
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually the best for newer investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at an exact price, use a limit order.
Click the Open button and eToro will place the order.
If you want more help with buying stocks on eToro, click the helpful video below:
Step 6: Watch your SHLS investment
Now that you own some SHLS stock, you'll want to stay up-to-date on your new investment.
Start a watchlist to monitor your SHLS stock.
SHLS Feed
How to Buy Stock in Shoals Technologies Group
To summarize, here are the 6 steps for buying Shoals Technologies Group stock:
- Decide where to buy Shoals Technologies Group stock
- Create a brokerage account
- Fund your investment account
- Analyze Shoals Technologies Group stock
- Execute your SHLS buy order
- Watch your SHLS investment
If you are looking for a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Shoals Technologies Group, create a watchlist on WallStreetZen today.
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