Cantor Fitzgerald Estimates SHLS FY2026 Earnings

Shoals Technologies Group, Inc. (NASDAQ:SHLS - Free Report) - Research analysts at Cantor Fitzgerald issued their FY2026 earnings per share estimates for Shoals Technologies Group in a research note issued on Monday, June 9th. Cantor Fitzgerald analyst D. Soderberg anticipates that the company will post earnings per share of $0.36 for the year. The consensus estimate for Shoals Technologies Group's current full-year earnings is $0.29 per share.

Shoals Technologies Group (NASDAQ:SHLS - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.02). Shoals Technologies Group had a return on equity of 9.83% and a net margin of 7.78%. The business had revenue of $80.36 million for the quarter, compared to analysts' expectations of $74.66 million. During the same period in the previous year, the company earned $0.07 EPS. Shoals Technologies Group's quarterly revenue was down 11.2% compared to the same quarter last year.

SHLS has been the topic of several other reports. Citigroup increased their price objective on Shoals Technologies Group from $4.50 to $5.50 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Wolfe Research assumed coverage on Shoals Technologies Group in a research note on Tuesday, February 18th. They issued a "peer perform" rating for the company. BNP Paribas reiterated an "underperform" rating and set a $4.00 price target (down previously from $4.50) on shares of Shoals Technologies Group in a report on Thursday, May 15th. Jefferies Financial Group decreased their price objective on shares of Shoals Technologies Group from $4.60 to $3.40 and set a "hold" rating for the company in a research report on Wednesday, March 12th. Finally, Piper Sandler decreased their price target on Shoals Technologies Group from $8.00 to $6.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $8.45.

Shoals Technologies Group Stock Up 3.2%

SHLS traded up $0.16 during trading hours on Tuesday, hitting $5.11. 6,291,144 shares of the company's stock were exchanged, compared to its average volume of 5,916,571. The firm has a 50 day moving average of $4.31 and a 200 day moving average of $4.34. The firm has a market cap of $854.26 million, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 0.52 and a beta of 1.64. The company has a current ratio of 2.08, a quick ratio of 1.36 and a debt-to-equity ratio of 0.26. Shoals Technologies Group has a 12-month low of $2.71 and a 12-month high of $7.08.

Hedge Funds Weigh In On Shoals Technologies Group

A number of institutional investors have recently made changes to their positions in the stock. Stratos Wealth Partners LTD. acquired a new stake in shares of Shoals Technologies Group during the 4th quarter worth $110,000. RWC Asset Management LLP acquired a new position in shares of Shoals Technologies Group in the 4th quarter valued at about $1,891,000. Impax Asset Management Group plc grew its holdings in shares of Shoals Technologies Group by 126.3% during the 4th quarter. Impax Asset Management Group plc now owns 3,469,360 shares of the company's stock worth $19,083,000 after purchasing an additional 1,935,983 shares during the period. Bank of New York Mellon Corp increased its position in Shoals Technologies Group by 6.2% during the 4th quarter. Bank of New York Mellon Corp now owns 559,580 shares of the company's stock worth $3,094,000 after purchasing an additional 32,908 shares in the last quarter. Finally, Versor Investments LP purchased a new position in Shoals Technologies Group in the fourth quarter valued at approximately $91,000.

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.