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 report issued to clients and investors 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.
Several other analysts have also commented on the stock. Guggenheim increased their price target on shares of Shoals Technologies Group from $5.00 to $6.00 and gave the company a "buy" rating in a research report on Friday, May 9th. BNP Paribas Exane cut shares of Shoals Technologies Group from a "neutral" rating to an "underperform" rating and set a $4.00 target price for the company. in a research report on Thursday, May 15th. Jefferies Financial Group lowered their target price on shares of Shoals Technologies Group from $4.60 to $3.40 and set a "hold" rating for the company in a research note on Wednesday, March 12th. Citigroup upped their price target on Shoals Technologies Group from $4.50 to $5.50 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Finally, Piper Sandler lowered their price objective on Shoals Technologies Group from $8.00 to $6.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $8.45.
Check Out Our Latest Analysis on Shoals Technologies Group
Shoals Technologies Group Trading Down 2.8%
SHLS stock traded down $0.14 during mid-day trading on Tuesday, reaching $4.95. The company had a trading volume of 3,526,671 shares, compared to its average volume of 6,701,239. The company has a market capitalization of $827.52 million, a PE ratio of 24.75, a price-to-earnings-growth ratio of 0.52 and a beta of 1.64. The firm has a 50 day moving average of $4.24 and a 200 day moving average of $4.34. Shoals Technologies Group has a 12 month low of $2.71 and a 12 month high of $7.11. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.08 and a quick ratio of 1.36.
Shoals Technologies Group (NASDAQ:SHLS - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $80.36 million during the quarter, compared to the consensus estimate of $74.66 million. During the same period in the previous year, the firm earned $0.07 EPS. The business's revenue was down 11.2% compared to the same quarter last year.
Institutional Trading of Shoals Technologies Group
A number of large investors have recently modified their holdings of SHLS. Cerity Partners LLC acquired a new stake in Shoals Technologies Group in the first quarter worth about $43,000. MQS Management LLC acquired a new stake in shares of Shoals Technologies Group in the 1st quarter worth approximately $43,000. American Trust bought a new position in shares of Shoals Technologies Group in the fourth quarter valued at approximately $72,000. 49 Wealth Management LLC acquired a new position in shares of Shoals Technologies Group during the fourth quarter valued at approximately $74,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Shoals Technologies Group during the first quarter valued at approximately $44,000.
Shoals Technologies Group Company Profile
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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.
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