Shoals Technologies Intrinsic Value Calculator – SHOALS TECHNOLOGIES Announces Q2 FY2023 Earnings Results

🌥️Earnings Overview

On August 1, 2023, SHOALS TECHNOLOGIES ($NASDAQ:SHLS) reported their second quarter of FY2023 (ending on June 30, 2023) earnings results; total revenue for this quarter was USD 119.2 million, an impressive 62.2% increase from the same quarter in the prior year. Net income for the period was reported at USD 18.9 million, which is a significant rise from the 4.4 million reported last year.

Stock Price

On Tuesday, SHOALS TECHNOLOGIES announced the release of its Q2 FY2023 earnings results. The company’s stock opened at $25.6 and closed at $26.1, representing an increase of 0.6% from the previous closing price of 26.0. This positive market sentiment is a sign that investors are pleased with the company’s performance and outlook for the future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Shoals Technologies. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Shoals Technologies. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Shoals Technologies. More…

Key Ratios Snapshot

Some of the financial key ratios for Shoals Technologies are shown below. More…

Analysis – Shoals Technologies Intrinsic Value Calculator

At GoodWhale, we take great pride in our ability to assess and analyze the wellbeing of companies. Recently, we have been looking into SHOALS TECHNOLOGIES and are pleased to report that our findings suggest that the company is in good health. Our proprietary Valuation Line indicated that the intrinsic value of SHOALS TECHNOLOGIES shares was around $26.9. Currently, the stock is trading at $26.1, which is a fair price but one that is slightly undervalued by 2.9%. We believe that this presents an opportunity for investors who may have an appetite for risk and are looking for a good long-term investment. As such, we recommend that investors keep an eye out for any further developments related to SHOALS TECHNOLOGIES and consider taking advantage of this potential undervaluation. More…

Peers

In the renewable energy industry, there is stiff competition between Shoals Technologies Group Inc and its competitors: Acmepoint Energy Services Co, P2 Solar Inc, and Pekat Group Bhd. All four companies are striving to provide the most efficient and innovative products and services in the market.

– Acmepoint Energy Services Co ($TPEX:6692)

Acmepoint Energy Services Co is a publicly traded company that provides energy services to residential and commercial customers in the United States. The company has a market cap of 1.21B as of 2022 and a return on equity of 3.39%. The company’s primary business is providing electricity and natural gas service to customers in deregulated markets. Acmepoint Energy Services Co also offers a variety of energy-related products and services, including energy efficiency products, demand response programs, and renewable energy products.

– P2 Solar Inc ($OTCPK:PTOS)

P2 Solar Inc has a market cap of 1.01M as of 2022, a Return on Equity of 36.61%. P2 Solar is a provider of solar power solutions. The company’s products include solar panels, inverters, and batteries. P2 Solar also offers engineering, procurement, and construction services.

– Pekat Group Bhd ($KLSE:0233)

Pekat Group Bhd is a Malaysian conglomerate with interests in a wide range of industries, including construction, property development, and manufacturing. The company has a market capitalization of 322.48 million as of 2022 and a return on equity of 9.39%. Pekat Group is headquartered in Kuala Lumpur and listed on the Bursa Malaysia stock exchange.

Summary

Analysts are optimistic about SHOALS TECHNOLOGIES due to their impressive second quarter earnings. With such encouraging financial performance, investors may be interested in SHOALS TECHNOLOGIES as a potential investment. However, it is important to note that future results may not be as strong, and investors should conduct thorough research before making any decisions.