Shoals Extends Bullish Run as Volume Confirms Breakout
$Shoals Technologies Group(SHLS)$
Shoals Technologies Group (SHLS) Surged +11.51%: Solar Infrastructure Giant Breaks $9.60 Barrier, $10.50 Target Zone Activated
Latest Close Data
SHLS closed at $9.59 EST on Dec 12, surging +11.51% (+$0.99) from previous close of $8.60.
Stock reached intraday high of $9.76, marking 15.5% distance from 52-week high of $11.36 and massive 254% recovery from 52-week low of $2.71.
Core Market Drivers
Strong institutional buying momentum drives solar infrastructure recovery amid renewable energy sector optimism.
Capital flows show significant net inflow of $6.08M with large orders dominating at $5.49M buy vs $1.85M sell.
Biden administration's clean energy initiatives continue supporting solar equipment manufacturers like SHLS.
Technical Analysis
Volume surged to 6.69M shares (Volume Ratio: 1.81x) signaling strong conviction.
RSI(6) climbed to overbought 84.14 from 70.60, while RSI(12) reached 66.83, confirming bullish momentum.
MACD DIF improved to -0.086 from -0.219, approaching positive territory with histogram expanding to 0.343.
Key Price Levels
Primary Support: $8.07 (Dec 10 level)
Strong Resistance: $10.51 (technical ceiling)
Immediate Pivot: $9.30 (consolidation zone)
Valuation Perspective
Trading at P/E TTM 50.45x vs Forward P/E 22.29x, indicating growth expectations.
P/S ratio of 3.70x appears reasonable for solar infrastructure sector. Current P/B ratio 2.72x suggests moderate premium to book value.
Analyst Targets
19 analysts cover SHLS with average target $10.42 (range $5.00-$15.00). Strong consensus: 4 Strong Buy, 11 Buy, 4 Hold, 1 Underperform ratings reflecting 75% bullish sentiment.
Weekly Outlook
Expect consolidation between $8.80-$10.20 range as momentum indicators cool from overbought levels.
Break above $10.51 resistance could trigger rally toward $11.36 52-week high. Support failure below $8.50 may retest $8.07 floor.
Risk Disclaimer
This analysis is for informational purposes only and does not constitute investment advice. Solar stocks carry high volatility risks and regulatory uncertainties.
For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.
🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now
Find out more here.
Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Other helpful links:
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
