Cantor Fitzgerald Issues Positive Forecast for Shoals Technologies Group (NASDAQ:SHLS) Stock Price

Shoals Technologies Group (NASDAQ:SHLS) had its target price boosted by Cantor Fitzgerald from $11.00 to $12.00 in a research report released on Thursday,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Jefferies Financial 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, October 14th. JPMorgan Chase & Co. lowered their price objective on Shoals Technologies Group from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Weiss Ratings upgraded Shoals Technologies Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 9th. The Goldman Sachs Group increased their target price on Shoals Technologies Group from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Finally, Wall Street Zen cut Shoals Technologies Group from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Twelve equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Shoals Technologies Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.88.

Shoals Technologies Group Stock Down 1.9%

Shares of Shoals Technologies Group stock opened at $8.99 on Thursday. The company has a market cap of $1.51 billion, a P/E ratio of 39.09, a PEG ratio of 1.10 and a beta of 1.86. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.12 and a current ratio of 2.25. Shoals Technologies Group has a one year low of $5.43 and a one year high of $13.18. The firm has a fifty day moving average of $7.68 and a two-hundred day moving average of $8.47.

Shoals Technologies Group (NASDAQ:SHLS) last released its earnings results on Wednesday, November 4th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $195.31 million during the quarter, compared to analysts’ expectations of $161.78 million. Shoals Technologies Group had a net margin of 5.84% and a return on equity of 10.36%. The business’s revenue was up 43.8% on a year-over-year basis. During the same quarter last year, the business earned $0.12 EPS. On average, analysts forecast that Shoals Technologies Group will post 0.35 earnings per share for the current year.

Hedge Funds Weigh In On Shoals Technologies Group

Large investors have recently made changes to their positions in the stock. KBC Group NV purchased a new stake in shares of Shoals Technologies Group during the 1st quarter worth approximately $30,000. Farther Finance Advisors LLC increased its stake in Shoals Technologies Group by 428.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,134 shares of the company’s stock valued at $33,000 after purchasing an additional 3,352 shares in the last quarter. Parallel Advisors LLC increased its stake in Shoals Technologies Group by 194.1% in the 3rd quarter. Parallel Advisors LLC now owns 4,014 shares of the company’s stock valued at $33,000 after purchasing an additional 2,649 shares in the last quarter. Sterling Capital Management LLC increased its stake in Shoals Technologies Group by 604.6% in the 3rd quarter. Sterling Capital Management LLC now owns 5,482 shares of the company’s stock valued at $44,000 after purchasing an additional 4,704 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Shoals Technologies Group by 378.0% during the first quarter. PNC Financial Services Group Inc. now owns 7,566 shares of the company’s stock worth $50,000 after purchasing an additional 5,983 shares during the last quarter.

Trending Headlines about Shoals Technologies Group

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

• Positive Sentiment: Q3 results beat expectations. Shoals reported $0.14 per share versus the $0.12 consensus estimate, while revenue of $195.3 million topped estimates of about $161.8 million and grew 43.8% year over year. The company also reported $791.7 million in backlog and awarded orders, and raised its full-year outlook. Shoals Q3 2026 results
• Positive Sentiment: Cantor Fitzgerald lifted its target to $12 from $11 and reiterated an “overweight” rating, implying 33.5% upside from the cited $8.99 share price. Cantor Fitzgerald ratings
• Positive Sentiment: The ARRAY merger could create a broader solar-infrastructure business. Shoals shareholders are expected to own about 65% of the combined company, with Shoals CEO Brandon Moss leading it. Management projects $2.2–$2.4 billion in 2027 revenue and targets more than $100 million in annual synergies by year three. ARRAY-Shoals merger announcement
• Neutral Sentiment: Merger projections are preliminary, not guaranteed results. The companies expect the deal to close in Q1 2027, subject to shareholder votes and other approvals. The fixed exchange ratio also means the value SHLS holders receive will fluctuate with ARRAY’s share price before closing.
• Negative Sentiment: Execution and approval risks could temper enthusiasm. The merger’s synergy and growth targets depend on successful integration and cross-selling, and ARRAY shareholders must approve a deal that gives them a minority stake without a premium. Merger analysis

Shoals Technologies Group Company Profile

Shoals Technologies Group, Inc develops electrical balance-of-system (EBOS) solutions for solar energy projects. Its products connect, protect, combine and monitor the direct-current electrical output of solar panels before electricity is converted and delivered to the broader power system.

The company’s product portfolio includes wire harnesses, junction boxes, inline fuses, disconnects, recombiners, communication and monitoring equipment, and other electrical components used in photovoltaic installations.