Barclays Keeps Their Hold Rating on Shoals Technologies Group (SHLS)

In a report released today, Christine Cho CFA from Barclays maintained a Hold rating on Shoals Technologies Group (SHLS – Research Report), with a price target of $12.00. The company’s shares closed yesterday at $7.51.

According to TipRanks, Cho CFA is ranked #4788 out of 8781 analysts.

In addition to Barclays, Shoals Technologies Group also received a Hold from Roth MKM’s Philip Shen in a report issued on May 7. However, yesterday, TD Cowen maintained a Buy rating on Shoals Technologies Group (NASDAQ: SHLS).

Based on Shoals Technologies Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $134.21 million and a GAAP net loss of $9.83 million. In comparison, last year the company earned a revenue of $90.82 million and had a net profit of $7.96 million

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SHLS in relation to earlier this year.

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Shoals Technologies Group (SHLS) Company Description:

Shoals Technologies Group Inc is a provider of electrical balance of system or “EBOS” solutions for solar energy projects in the United States. The products are sold principally to EPCs that build solar energy projects.