111 Capital Buys Shares of 29,745 Shoals Technologies Group, Inc. $SHLS

Key Points

• 111 Capital acquired a new stake in Shoals Technologies Group by purchasing 29,745 shares valued at approximately $126,000 in the second quarter of the year.
• The company reported $0.10 EPS for the quarter, surpassing analysts' estimates and indicating an 11.7% increase in revenue compared to the previous year.
• Shoals Technologies Group currently has a consensus rating of "Moderate Buy" from analysts, with a price target averaging $9.40.

111 Capital bought a new stake in Shoals Technologies Group, Inc. (NASDAQ:SHLS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 29,745 shares of the company's stock, valued at approximately $126,000.

Several other large investors have also recently bought and sold shares of SHLS. Cerity Partners LLC bought a new stake in shares of Shoals Technologies Group during the first quarter worth $43,000. MQS Management LLC acquired a new position in Shoals Technologies Group during the first quarter worth $43,000. Caitong International Asset Management Co. Ltd acquired a new position in Shoals Technologies Group during the first quarter worth $44,000. Virtu Financial LLC acquired a new position in Shoals Technologies Group during the first quarter worth $46,000. Finally, FORA Capital LLC acquired a new position in Shoals Technologies Group during the first quarter worth $51,000.

Shoals Technologies Group Price Performance

NASDAQ:SHLS opened at $8.54 on Wednesday. Shoals Technologies Group, Inc. has a 52 week low of $2.71 and a 52 week high of $9.22. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 65.70, a P/E/G ratio of 1.07 and a beta of 1.65. The firm's 50-day simple moving average is $6.56 and its 200 day simple moving average is $5.27. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.64 and a current ratio of 2.34.

Shoals Technologies Group (NASDAQ:SHLS - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.02. Shoals Technologies Group had a net margin of 5.27% and a return on equity of 7.57%. The business had revenue of $110.84 million for the quarter, compared to analyst estimates of $104.87 million. During the same period last year, the firm earned $0.10 earnings per share. Shoals Technologies Group's revenue for the quarter was up 11.7% compared to the same quarter last year. Shoals Technologies Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Shoals Technologies Group, Inc. will post 0.29 earnings per share for the current year.

Wall Street Analyst Weigh In

SHLS has been the subject of a number of recent analyst reports. Mizuho cut shares of Shoals Technologies Group from an "outperform" rating to a "neutral" rating and set a $7.00 price target for the company. in a research note on Monday, July 14th. Roth Capital upgraded shares of Shoals Technologies Group from a "neutral" rating to a "buy" rating and set a $10.00 target price for the company in a research note on Thursday, August 7th. Jefferies Financial Group raised their target price on shares of Shoals Technologies Group from $6.00 to $9.00 and gave the stock a "buy" rating in a research note on Monday, September 8th. JPMorgan Chase & Co. raised their target price on shares of Shoals Technologies Group from $8.00 to $9.00 and gave the stock an "overweight" rating in a research note on Friday, September 19th. Finally, Guggenheim raised their target price on shares of Shoals Technologies Group from $6.00 to $8.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Fourteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Shoals Technologies Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $9.40.

Shoals Technologies Group Profile

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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