Shoals Technologies Group, Inc. (NASDAQ:SHLS) Given Average Rating of “Moderate Buy” by Brokerages

Shoals Technologies Group, Inc. (NASDAQ:SHLS) has earned an average rating of “Moderate Buy” from the twenty-one brokerages that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $9.15.

SHLS has been the subject of several recent analyst reports. Roth Capital upgraded shares of Shoals Technologies Group from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Thursday, August 7th. JPMorgan Chase & Co. increased their price target on shares of Shoals Technologies Group from $8.00 to $9.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Wall Street Zen cut shares of Shoals Technologies Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 17th. Guggenheim increased their price target on shares of Shoals Technologies Group from $6.00 to $8.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, Barclays increased their price target on shares of Shoals Technologies Group from $4.00 to $7.00 and gave the company an “equal weight” rating in a report on Friday, July 18th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Nuveen Asset Management LLC grew its position in shares of Shoals Technologies Group by 37.5% during the 4th quarter. Nuveen Asset Management LLC now owns 665,331 shares of the company’s stock worth $3,679,000 after purchasing an additional 181,444 shares in the last quarter. ProShare Advisors LLC grew its position in shares of Shoals Technologies Group by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 73,817 shares of the company’s stock worth $408,000 after purchasing an additional 24,287 shares in the last quarter. State of Wyoming grew its position in shares of Shoals Technologies Group by 250.7% during the 4th quarter. State of Wyoming now owns 15,117 shares of the company’s stock worth $84,000 after purchasing an additional 10,806 shares in the last quarter. Two Sigma Investments LP grew its position in shares of Shoals Technologies Group by 40.6% during the 4th quarter. Two Sigma Investments LP now owns 657,589 shares of the company’s stock worth $3,636,000 after purchasing an additional 189,754 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Shoals Technologies Group by 13.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 478,524 shares of the company’s stock worth $2,646,000 after purchasing an additional 56,176 shares in the last quarter.

Shoals Technologies Group Trading Up 1.1%

Shares of NASDAQ:SHLS opened at $7.66 on Wednesday. Shoals Technologies Group has a 52-week low of $2.71 and a 52-week high of $8.20. The company has a market capitalization of $1.28 billion, a P/E ratio of 58.93, a price-to-earnings-growth ratio of 0.94 and a beta of 1.62. The company has a 50-day simple moving average of $6.21 and a 200 day simple moving average of $5.04. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.64 and a current ratio of 2.34.

Shoals Technologies Group (NASDAQ:SHLS) last issued its earnings results on Tuesday, August 5th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. Shoals Technologies Group had a net margin of 5.27% and a return on equity of 7.57%. The business had revenue of $110.84 million during the quarter, compared to the consensus estimate of $104.87 million. During the same period last year, the business posted $0.10 EPS. Shoals Technologies Group’s revenue was up 11.7% on a year-over-year basis. Shoals Technologies Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts forecast that Shoals Technologies Group will post 0.29 earnings per share for the current year.

Shoals Technologies Group Company Profile

Shoals Technologies Group, Inc provides electrical balance of system (EBOS) solutions and components for solar, battery energy, and electric vehicle (EV) charging applications in the United States and internationally. The company designs, manufactures, and sells system solutions for both homerun and combine-as-you-go wiring architectures, as well as offers technical support services.