|Bid||46.50 x 1300|
|Ask||47.25 x 800|
|Day's Range||45.74 - 48.99|
|52 Week Range||29.05 - 54.78|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||57.60|
|Earnings Date||Nov 05, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||50.05|
Solar equipment supplier Shoals Technologies plans to raise $1.6 billion with an initial public offering that's drawing heightened attention in a hot market. The Shoals IPO trades Wednesday.
Solar stocks were soaring Wednesday as investors responded to election results from the Georgia Senate races, leading to expectations of an environmental infrastructure boom under Biden.
The stock market has been in rally mode for the past several months, sending shares of most companies soaring, especially those in the technology sector. Daniel Foelber (Array Technologies): It's rare for solar stocks to go on sale, but shares of Array Technologies have fallen over 20% from their recent high. The 31-year-old company went public on Oct. 15 and had a strong start, but gave up most of its November gains after smaller-than-expected contracts and a share dilution at $35 per share on Dec. 7.