Dynamic Technology Lab Private Ltd Has $671,000 Stock Position in Shoals Technologies Group, Inc. $SHLS

Dynamic Technology Lab Private Ltd increased its position in shares of Shoals Technologies Group, Inc. (NASDAQ:SHLS) by 815.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 157,946 shares of the company’s stock after buying an additional 140,696 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Shoals Technologies Group were worth $671,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its holdings in Shoals Technologies Group by 449.1% during the second quarter. Nisa Investment Advisors LLC now owns 7,226 shares of the company’s stock valued at $31,000 after acquiring an additional 5,910 shares during the period. Cerity Partners LLC acquired a new position in shares of Shoals Technologies Group during the 1st quarter worth about $43,000. Caitong International Asset Management Co. Ltd bought a new stake in Shoals Technologies Group during the 1st quarter valued at approximately $44,000. Virtu Financial LLC bought a new stake in Shoals Technologies Group during the 1st quarter valued at approximately $46,000. Finally, Savant Capital LLC acquired a new stake in Shoals Technologies Group in the 2nd quarter valued at approximately $50,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SHLS shares. Guggenheim increased their price objective on Shoals Technologies Group from $8.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Wall Street Zen downgraded shares of Shoals Technologies Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 17th. Jefferies Financial Group boosted their price objective on shares of Shoals Technologies Group from $6.00 to $9.00 and gave the stock a “buy” rating in a report on Monday, September 8th. Zacks Research cut shares of Shoals Technologies Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Finally, Roth Capital reissued a “buy” rating and set a $15.00 target price (up from $10.00) on shares of Shoals Technologies Group in a research report on Wednesday, November 5th. Fourteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Shoals Technologies Group presently has a consensus rating of “Moderate Buy” and an average price target of $8.70.

Shoals Technologies Group Price Performance

NASDAQ:SHLS opened at $7.82 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.53 and a current ratio of 2.19. The company has a 50-day moving average of $8.86 and a 200-day moving average of $6.66. Shoals Technologies Group, Inc. has a 52 week low of $2.71 and a 52 week high of $11.36. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 39.10, a PEG ratio of 0.97 and a beta of 1.69.

Shoals Technologies Group (NASDAQ:SHLS) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $135.80 million during the quarter, compared to analyst estimates of $131.37 million. Shoals Technologies Group had a net margin of 7.66% and a return on equity of 8.50%. Shoals Technologies Group has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts anticipate that Shoals Technologies Group, Inc. will post 0.29 earnings per share for the current fiscal year.

About Shoals Technologies Group

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.