Shoals Technologies Intrinsic Stock Value – Principal Financial Group Reduces Stake in Shoals Technologies Group, Stock
December 3, 2023
🌥️Trending News
Principal Financial Group Inc. recently announced that it has reduced its stake in Shoals Technologies ($NASDAQ:SHLS) Group, Inc. (NASDAQ: SHLS), a leading provider of energy infrastructure solutions and services to the global renewable energy industry. SHOALS TECHNOLOGIES is a global leader in energy infrastructure solutions and services. They specialize in developing products and services for the wind and solar markets, as well as providing services such as construction, engineering, management, and operations for renewable energy projects. SHOALS also offers innovative energy storage solutions, which are rapidly becoming essential for utility-scale energy management. SHOALS works with some of the world’s largest utilities and renewables developers, as well as government agencies, to help build a more sustainable future.
In recent years, the company has seen tremendous growth, driven by increasing investment in renewable energy resources around the world. Principal Financial Group Inc.’s decision to reduce its stake in SHOALS is indicative of the company’s confidence in the future of renewable energy and its potential to drive economic growth. With the rapid development of SHOALS’ products and services, the company is well-positioned to capitalize on the growth of the renewable energy industry.
Price History
On Wednesday, SHOALS TECHNOLOGIES Group, Inc. stock experienced a decline of 0.7%, with the stock opening at $14.1 and closing at $13.7. This decrease, compared to the previous day’s closing price of $13.8, was noticed when Principal Financial Group Inc. announced they had reduced their stake in the company’s stock. This news caused a stir in the market, as investors began to question the potential long-term impacts of this decision. While it is yet to be seen how this will affect SHOALS TECHNOLOGIES Group, Inc. in the long run, the company still remains a major player in the industry and is sure to be closely monitored by investors in the coming weeks and months. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Shoals Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 453.15 | 136 | 30.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Shoals Technologies. More…
| Operations | Investing | Financing |
| 99.95 | -8.67 | -113.67 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Shoals Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 840.15 | 315.51 | 3.09 |
Key Ratios Snapshot
Some of the financial key ratios for Shoals Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 37.4% | 22.6% | 38.6% |
| FCF Margin | ROE | ROA |
| 20.2% | 20.7% | 13.0% |
Analysis – Shoals Technologies Intrinsic Stock Value
GoodWhale has taken a deep dive into SHOALS TECHNOLOGIES‘ wellbeing, and the analysis yielded great results. Our proprietary Valuation Line indicates that the fair value of SHOALS TECHNOLOGIES share stands at around $28.2. This is a stark contrast to the current trading price of the stock which stands at $13.7, implying that the stock is undervalued by 51.4%. This is an opportunity for investors to benefit from the current bargain in SHOALS TECHNOLOGIES share price. More…
Peers
In the renewable energy industry, there is stiff competition between Shoals Technologies Group Inc and its competitors: Acmepoint Energy Services Co, P2 Solar Inc, and Pekat Group Bhd. All four companies are striving to provide the most efficient and innovative products and services in the market.
– Acmepoint Energy Services Co ($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
Principal Financial Group Inc. has recently trimmed its stock position in Shoals Technologies Group, Inc. Investing analysis reveals that the company is a leading provider of energy solutions for the renewable energy industry. Its products are used to reduce the cost of solar energy, making it a viable and attractive investment opportunity. Analysts have found that Shoals Technologies has strong revenue growth potential, a well-diversified customer base, and a cost-effective production model.
Additionally, its strategic partnerships, innovative product development, and operational efficiency provide investors with an attractive and sustainable business model. As a result, analysts advise investors to keep an eye on Shoals Technologies and consider adding it to their portfolios.
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