Shoals Technologies Group (SHLS) is a Great Momentum Stock: Should You Buy?

Group 1 - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - Shoals Technologies Group (SHLS) currently holds a Momentum Style Score of B, indicating potential as a momentum pick [2][11] - The Zacks Rank for SHLS is 2 (Buy), suggesting a favorable outlook based on historical performance of stocks with similar ratings [3] Group 2 - SHLS shares have increased by 5.96% over the past week, while the Zacks Solar industry has remained flat during the same period [5] - Over the last month, SHLS has seen a price change of 15.02%, outperforming the industry average of 3.3% [5] - In the last three months, SHLS shares have risen by 26.76%, and by 32.98% over the past year, compared to the S&P 500's increases of 8.73% and 17.21%, respectively [6] Group 3 - The average 20-day trading volume for SHLS is 5,053,139 shares, which serves as a bullish indicator when combined with rising stock prices [7] - In the past two months, five earnings estimates for SHLS have been revised upwards, increasing the consensus estimate from $0.35 to $0.38 [9] - For the next fiscal year, three estimates have also moved higher, with no downward revisions noted [9]