257,324 Shares in Shoals Technologies Group, Inc. $SHLS Bought by Caxton Associates LLP

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

Several other institutional investors have also made changes to their positions in the stock. Cerity Partners LLC bought a new stake in shares of Shoals Technologies Group during the 1st quarter valued at $43,000. MQS Management LLC acquired a new position in Shoals Technologies Group in the first quarter valued at about $43,000. American Trust bought a new stake in Shoals Technologies Group during the fourth quarter worth about $72,000. 49 Wealth Management LLC acquired a new stake in Shoals Technologies Group during the fourth quarter worth about $74,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in Shoals Technologies Group in the 1st quarter valued at about $44,000.

Shoals Technologies Group Price Performance

SHLS stock traded up $0.03 during midday trading on Tuesday, reaching $7.11. 4,863,924 shares of the stock were exchanged, compared to its average volume of 4,941,289. Shoals Technologies Group, Inc. has a 52 week low of $2.71 and a 52 week high of $7.62. The company has a fifty day moving average price of $5.94 and a 200 day moving average price of $4.78. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.34 and a quick ratio of 1.64. The stock has a market capitalization of $1.19 billion, a PE ratio of 54.70, a P/E/G ratio of 0.87 and a beta of 1.63.

Shoals Technologies Group (NASDAQ:SHLS - Get Free Report) last announced its quarterly 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. The firm had revenue of $110.84 million for the quarter, compared to analyst estimates of $104.87 million. Shoals Technologies Group had a return on equity of 7.57% and a net margin of 5.27%.The business's revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the firm posted $0.10 earnings per share. Shoals Technologies Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts expect that Shoals Technologies Group, Inc. will post 0.29 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Barclays upped their price target on shares of Shoals Technologies Group from $4.00 to $7.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. UBS Group cut their target price 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. Wall Street Zen downgraded Shoals Technologies Group from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 17th. Roth Capital upgraded Shoals Technologies Group from a "neutral" rating to a "buy" rating and set a $10.00 price target on the stock in a research note on Thursday, August 7th. Finally, Jefferies Financial Group upped their price objective on Shoals Technologies Group from $6.00 to $9.00 and gave the stock a "buy" rating in a research report on Monday, September 8th. Fourteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Shoals Technologies Group currently has an average rating of "Moderate Buy" and an average target price of $9.33.

Shoals Technologies Group Company 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.