Professional
Added to YB: 2024-10-11
Pitch date: 2024-10-09
SHLS [neutral]
Shoals Technologies Group, Inc.
+71.01%
current return
Author Info
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Company Info
Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions and components in the United States and internationally.
Market Cap
$1.4B
Pitch Price
$5.07
Price Target
N/A
Dividend
N/A
EV/EBITDA
18.43
P/E
44.16
EV/Sales
3.60
Sector
Electrical Equipment
Category
N/A
Pernas Research Passes On: Shoals Technologies Group, Inc.
SHLS pass: Utility-scale solar growth strong, but SHLS faces challenges: customer dissatisfaction from price hikes, talent loss, rising competition. Litigation ongoing. Revenue lags sector growth. EV/EBITDA 16x, mrkt cap $819mm, price $4.42. Solar 60% of new grid capacity in 2024.
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