Cantor Fitzgerald Issues FY2024 EPS Estimates for Shoals Technologies Group, Inc

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Cantor Fitzgerald recently released their earnings per share (EPS) estimates for Shoals Technologies ($NASDAQ:SHLS) Group, Inc. for fiscal year 2024. SHOALS Technologies is a leading provider of products and services for the energy industry. The company designs and manufactures equipment used in utility-scale solar power systems and other large-scale energy projects. They provide customers with reliable, efficient, and cost-effective energy solutions. In addition to its core products, the company also offers services such as installation, maintenance, and engineering services.

They have gained a reputation for providing quality products and services and have established themselves as a leader in the energy industry. As the demand for renewable energy continues to increase, SHOALS Technologies is well-positioned to benefit from this growth. With their broad range of products and services, the company is in an excellent position to capitalize on current industry trends and remain a leader in the energy industry.

Earnings

Cantor Fitzgerald recently issued their FY2024 estimates for Shoals Technologies Group, Inc. In the earning report of FY2023 Q1 as of March 31 2021, the company reported total revenue of 45.6M USD and a net income loss of 2.86M USD. Compared to the previous year, this represented a 32.9% decrease in total revenue and a 208.3% decrease in net income. Despite these losses, the company has seen growth in total revenue over the past three years, reaching a total of 105.09M USD. These new predictions are sure to be taken with caution as the company looks to rebound from its current losses.

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…

Share Price

Cantor Fitzgerald recently issued their FY2024 EPS estimates for Shoals Technologies Group, Inc. On Friday, SHOALS TECHNOLOGIES stock opened at $26.0 and closed at $25.4, reflecting a 2.3% decrease from its prior closing price of 26.0. Assuming that the company maintains its current performance, it is likely that analysts’ estimates will be met or even exceeded. Looking ahead, investors will be closely monitoring the company’s progress and evaluating potential changes in the market that could affect future performance. Live Quote…

Analysis

GoodWhale is here to help you analyze SHOALS TECHNOLOGIES‘s financials and make an informed investment decision. After careful analysis of the company’s financials, we have come to the conclusion that SHOALS TECHNOLOGIES is a high risk investment with regards to financial and business aspects. Our Risk Rating feature has identified one risk warning in the company’s balance sheet. If you register with us, you can check out the exact details of this risk warning and make an informed decision about investing in SHOALS TECHNOLOGIES. We are dedicated to providing you with all the relevant information you need in order to make a successful investment. 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

Investment analysts at Cantor Fitzgerald have released their fiscal year 2024 earnings projections for Shoals Technologies Group, Inc. (SHOALS). This news is likely to influence investor sentiment and stock prices, and should be closely monitored by those holding shares in the company. Analysts have looked at the company’s financial performance, competitive landscape, industry trends, and more when making their predictions. Investors should keep an eye on this news for potential buying opportunities or to further assess their current holdings.