Shoals Technologies Group, Inc. (SHLS, Financial) recently experienced a significant stock price decline of 5.05%, with shares trading at $4.99. The trading volume reached 2.4 million shares and a turnover rate of 1.44%. The stock showed a price fluctuation of 2.95%.
In its latest financial report, Shoals Technologies reported revenues of $99.25 million, a net profit of $11.80 million, and earnings per share of $0.07. The company achieved a gross profit of $37.50 million, with a price-to-earnings ratio of 38.41.
Out of 21 institutions rating the stock, 62% recommended a buy, 33% suggested holding, and 5% advised selling. The broader solar industry witnessed an overall decline of 7.88%. Despite this, some related stocks such as Turbo Energy S.A., Pineapple Energy Inc., and Vast Renewables Limited saw notable gains. Pineapple Energy Inc. and Turbo Energy S.A. were particularly active with high turnover rates of 879.44% and 13.62%, respectively. Turbo Energy S.A. also showed a significant price volatility of 44.27%.
Shoals Technologies Group provides power balance system solutions for solar projects across the U.S., catering primarily to engineering, procurement, and construction companies involved in solar project development.
