Slowing Rates Of Return At Shoals Technologies Group (NASDAQ:SHLS) Leave Little Room For Excitement [Yahoo! Finance]
Shoals Technologies Group, Inc. - Class A (SHLS)
Company Research
Source: Yahoo! Finance
Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. In light of that, when we looked at Shoals Technologies Group NASDAQ:SHLS ) and its ROCE trend, we weren't exactly thrilled. Return On Capital Employed (ROCE): What Is It? For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. The formula for this calculation on Shoals Technologies Group is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.087 = US$65m ÷ (US$825m - US$80m) (Based on the trailing twelve months to March 2024) Thus, Shoals Technologies Group has an ROCE of 8.7%. Ultimately, that's a low return and it under-performs the Electrical industry aver
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News
- Is Shoals Technologies (SHLS) A Good Cheap Solar Stock To Buy According To Hedge Funds? [Yahoo! Finance]Yahoo! Finance
- Are Investors Undervaluing Shoals Technologies Group, Inc. (NASDAQ:SHLS) By 44%? [Yahoo! Finance]Yahoo! Finance
- Shoals Technologies Group, Inc. (NASDAQ: SHLS) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $12.00 price target on the stock.MarketBeat
- Shoals Technologies Group, Inc. (NASDAQ: SHLS) had its price target raised by analysts at Piper Sandler from $8.00 to $10.00. They now have an "overweight" rating on the stock.MarketBeat
- Shoals Technologies Group, Inc. (NASDAQ: SHLS) had its price target lowered by analysts at Roth Mkm from $7.00 to $6.00. They now have a "neutral" rating on the stock.MarketBeat
SHLS
Earnings
- 8/6/24 - Beat
SHLS
Sec Filings
- 9/25/24 - Form SC
- 9/18/24 - Form 4
- 9/18/24 - Form 4
- SHLS's page on the SEC website