Caxton Associates LLP Buys Shares of 257,324 Shoals Technologies Group, Inc. $SHLS

Key Points

• Caxton Associates LLP has acquired 257,324 shares of Shoals Technologies Group, valued at approximately $854,000, reflecting a 0.15% ownership stake.
• The stock opened at $6.88 with a market cap of $1.15 billion, a P/E ratio of 52.93, and has shown notable volatility with a 1-year low of $2.71 and a high of $7.62.
• Analysts have varying outlooks on the stock; Mizuho downgraded it to a "neutral" rating, while Jefferies increased its target price to $9.00 and maintained a "buy" rating.

Caxton Associates LLP bought a new stake in shares of Shoals Technologies Group, Inc. (NASDAQ:SHLS - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 257,324 shares of the company's stock, valued at approximately $854,000. Caxton Associates LLP owned approximately 0.15% of Shoals Technologies Group at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC purchased a new stake in Shoals Technologies Group during the first quarter valued at approximately $65,000. Janney Montgomery Scott LLC increased its position in shares of Shoals Technologies Group by 187.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 269,096 shares of the company's stock valued at $893,000 after purchasing an additional 175,627 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Shoals Technologies Group by 45.3% during the 4th quarter. Ameriprise Financial Inc. now owns 1,882,420 shares of the company's stock valued at $10,410,000 after buying an additional 587,235 shares during the period. Comerica Bank lifted its position in Shoals Technologies Group by 23.6% in the first quarter. Comerica Bank now owns 200,976 shares of the company's stock worth $667,000 after buying an additional 38,328 shares during the last quarter. Finally, Two Sigma Investments LP lifted its position in Shoals Technologies Group by 40.6% in the fourth quarter. Two Sigma Investments LP now owns 657,589 shares of the company's stock worth $3,636,000 after buying an additional 189,754 shares during the last quarter.

Shoals Technologies Group Stock Down 0.6%

NASDAQ:SHLS traded down $0.04 during mid-day trading on Friday, reaching $6.88. The company's stock had a trading volume of 3,491,812 shares, compared to its average volume of 5,517,151. The company has a quick ratio of 1.64, a current ratio of 2.34 and a debt-to-equity ratio of 0.23. Shoals Technologies Group, Inc. has a 1 year low of $2.71 and a 1 year high of $7.62. The stock has a fifty day moving average of $5.89 and a 200-day moving average of $4.72. The firm has a market capitalization of $1.15 billion, a PE ratio of 52.93, a price-to-earnings-growth ratio of 0.85 and a beta of 1.63.

Shoals Technologies Group (NASDAQ:SHLS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.10 EPS for the quarter, beating 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 the consensus estimate of $104.87 million. During the same quarter last year, the firm posted $0.10 EPS. The company's revenue for the quarter was up 11.7% on a year-over-year basis. Shoals Technologies Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts forecast that Shoals Technologies Group, Inc. will post 0.29 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group increased their target price on shares of Shoals Technologies Group from $7.00 to $8.00 and gave the company a "buy" rating in a research note on Thursday. Roth Capital raised shares of Shoals Technologies Group from a "neutral" rating to a "buy" rating and set a $10.00 price objective on the stock in a research report on Thursday, August 7th. Jefferies Financial Group increased their price target on Shoals Technologies Group from $6.00 to $9.00 and gave the stock a "buy" rating in a report on Monday, September 8th. UBS Group decreased their price target on Shoals Technologies Group from $7.50 to $7.00 and set a "buy" rating for the company in a research note on Wednesday, August 6th. Finally, Barclays upped their price objective on Shoals Technologies Group from $4.00 to $7.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Fourteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $9.33.

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.