Shoals Technologies Group (SHLS) Receives a Hold from Mizuho Securities
Mizuho Securities analyst Maheep Mandloi maintained a Hold rating on Shoals Technologies Group today and set a price target of $9.32.
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According to TipRanks, Mandloi is a 3-star analyst with an average return of 4.5% and a 45.00% success rate. Mandloi covers the Technology sector, focusing on stocks such as Enphase Energy, Nextpower Inc, and Canadian Solar.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Shoals Technologies Group with a $11.07 average price target.
Based on Shoals Technologies Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $135.8 million and a net profit of $11.88 million. In comparison, last year the company earned a revenue of $102.17 million and had a net profit of $3.14 million
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SHLS in relation to earlier this year. Earlier this month, Dominic Bardos, the CFO of SHLS sold 4,170.00 shares for a total of $32,651.10.
Read More on SHLS:
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- Shoals downgraded to Equal Weight from Overweight at Morgan Stanley
- Clover Leaf Capital participates in a conference call with Roth Capital
- Shoals Technologies price target raised to $12 from $8 at Guggenheim
- Shoals Technologies price target raised to $7 from $6 at Mizuho
- Shoals Technologies Appoints New Chief Accounting Officer
