Erste Asset Management GmbH Has $33.87 Million Stock Holdings in Shoals Technologies Group, Inc. $SHLS

Erste Asset Management GmbH grew its holdings in shares of Shoals Technologies Group, Inc. (NASDAQ:SHLS) by 44.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,516,372 shares of the company’s stock after buying an additional 1,382,999 shares during the quarter. Erste Asset Management GmbH’s holdings in Shoals Technologies Group were worth $33,873,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada lifted its position in Shoals Technologies Group by 292.5% in the 1st quarter. Royal Bank of Canada now owns 106,531 shares of the company’s stock valued at $353,000 after acquiring an additional 79,392 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Shoals Technologies Group by 184.7% in the first quarter. AQR Capital Management LLC now owns 922,358 shares of the company’s stock worth $2,975,000 after purchasing an additional 598,407 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Shoals Technologies Group in the first quarter valued at approximately $57,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Shoals Technologies Group by 8.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 517,507 shares of the company’s stock valued at $1,718,000 after buying an additional 38,983 shares during the last quarter. Finally, CWM LLC grew its holdings in Shoals Technologies Group by 73.0% during the second quarter. CWM LLC now owns 39,206 shares of the company’s stock worth $167,000 after buying an additional 16,545 shares in the last quarter.

Shoals Technologies Group Price Performance

SHLS opened at $6.35 on Friday. Shoals Technologies Group, Inc. has a fifty-two week low of $2.71 and a fifty-two week high of $11.36. The firm has a 50-day moving average of $9.33 and a 200 day moving average of $8.49. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 2.03. The firm has a market cap of $1.06 billion, a P/E ratio of 31.75, a PEG ratio of 0.58 and a beta of 1.70.

Shoals Technologies Group (NASDAQ:SHLS) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.04). The company had revenue of $148.33 million during the quarter, compared to the consensus estimate of $144.52 million. Shoals Technologies Group had a return on equity of 9.10% and a net margin of 7.06%.The business’s revenue was up 38.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 EPS. On average, research analysts expect that Shoals Technologies Group, Inc. will post 0.29 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SHLS. Roth Mkm dropped their price objective on Shoals Technologies Group from $15.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday. TD Cowen reissued a “buy” rating on shares of Shoals Technologies Group in a research report on Tuesday. BNP Paribas Exane upgraded shares of Shoals Technologies Group from an “underperform” rating to a “neutral” rating and set a $9.00 price target on the stock in a report on Wednesday. UBS Group reduced their price objective on shares of Shoals Technologies Group from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Royal Bank Of Canada dropped their target price on shares of Shoals Technologies Group from $10.00 to $9.00 and set an “outperform” rating on the stock in a research report on Wednesday. Ten research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $9.71.

Insider Activity at Shoals Technologies Group

In related news, CFO Dominic Bardos sold 4,170 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $7.83, for a total value of $32,651.10. Following the transaction, the chief financial officer owned 412,289 shares in the company, valued at approximately $3,228,222.87. This represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.67% of the company’s stock.

Shoals Technologies Group News Summary

Here are the key news stories impacting Shoals Technologies Group this week:

• Positive Sentiment: Shoals and ON.energy won a deployment to supply critical power systems to a leading AI data‑center operator — a strategic large‑customer win that highlights demand outside core solar end markets. Shoals Technologies Group and ON.energy to deploy critical power systems for leading AI data center operator
• Positive Sentiment: Shoals is targeting $560M–$600M in 2026 revenue and cites a record backlog plus new product launches — this implies multi‑year growth potential if backlog converts. Shoals targets $560M–$600M 2026 revenue amid record backlog and new product launches
• Positive Sentiment: Q4 revenue was a record ~$148M (FY growth ~19%) — top‑line momentum that supports longer‑term growth assumptions even as near‑term margins/earnings vary. Shoals reports record $148 million Q4 revenue, full-year growth of 19%
• Positive Sentiment: Short interest fell ~14.5% in February to ~10.9M shares (6.6% of float), reducing one potential source of downward pressure and shortening the short‑covering risk window. (no direct article link)
• Neutral Sentiment: Multiple brokerages updated targets/ratings: Citi cut its PT to $8.50 (neutral), Morgan Stanley to $8.50 (equal weight), Barclays to $9.00 (overweight), UBS/Guggenheim/Needham trimmed PTs but largely kept buy/overweight stances — a cluster of mostly downward target adjustments that narrows upside but leaves several mid‑single‑digit to double‑digit upside scenarios. Benzinga coverage of analyst price target moves
• Negative Sentiment: Shoals missed EPS estimates (Q reported EPS below consensus) and issued a Q1 outlook that the market read as a sharp near‑term slowdown, which prompted a gap down in the stock today. That weak short‑term guidance is the main driver of the intra‑day weakness. Shoals Technologies declines as Q1 outlook signals sharp slowdown

Shoals Technologies Group Company Profile

Shoals Technologies Group, Inc is a leading provider of electrical balance-of-system (BOS) solutions for the solar energy industry. The company designs, engineers and manufactures a comprehensive portfolio of products, including junction boxes, combiner boxes, cable assemblies, power distribution units and monitoring systems. These components are critical to interconnecting photovoltaic modules, optimizing energy output and ensuring safe, reliable performance across solar installations.

Founded in 1996 and headquartered in Portland, Tennessee, Shoals has grown its manufacturing and operations footprint to serve customers around the globe.