Ardsley Advisory Partners LP Makes New Investment in Shoals Technologies Group, Inc. $SHLS

Key Points

• Ardsley Advisory Partners LP acquired 350,000 shares of Shoals Technologies Group, Inc. (NASDAQ:SHLS) valued at approximately $1.16 million, marking a new position for the institutional investor.
• Shoals Technologies Group reported a quarterly revenue increase of 11.7% year-over-year, with earnings of $0.10 per share, surpassing analysts' expectations of $0.08.
• Analysts have mixed opinions on SHLS, with ratings ranging from "buy" to "neutral," and an average price target of $9.15.

Ardsley Advisory Partners LP acquired a new position in shares of Shoals Technologies Group, Inc. (NASDAQ:SHLS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 350,000 shares of the company's stock, valued at approximately $1,162,000. Ardsley Advisory Partners LP owned about 0.21% of Shoals Technologies Group at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. MQS Management LLC purchased a new stake in shares of Shoals Technologies Group in the first quarter valued at approximately $43,000. Cerity Partners LLC acquired a new position in shares of Shoals Technologies Group during the first quarter worth $43,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Shoals Technologies Group during the first quarter worth $44,000. Virtu Financial LLC acquired a new position in shares of Shoals Technologies Group in the 1st quarter valued at $46,000. Finally, FORA Capital LLC acquired a new position in shares of Shoals Technologies Group in the 1st quarter valued at $51,000.

Shoals Technologies Group Price Performance

SHLS traded up $0.01 on Friday, hitting $7.16. 9,111,421 shares of the company were exchanged, compared to its average volume of 5,721,983. Shoals Technologies Group, Inc. has a fifty-two week low of $2.71 and a fifty-two week high of $7.62. The firm has a market capitalization of $1.20 billion, a P/E ratio of 55.08, a price-to-earnings-growth ratio of 0.88 and a beta of 1.63. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.64 and a current ratio of 2.34. The business's fifty day moving average is $5.74 and its 200 day moving average is $4.63.

Shoals Technologies Group (NASDAQ:SHLS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $110.84 million for the quarter, compared to the consensus estimate of $104.87 million. During the same quarter in the prior year, the firm earned $0.10 earnings per share. The company'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 anticipate that Shoals Technologies Group, Inc. will post 0.29 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Shoals Technologies Group from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 17th. Mizuho downgraded shares of Shoals Technologies Group from an "outperform" rating to a "neutral" rating and set a $7.00 price objective for the company. in a report on Monday, July 14th. Jefferies Financial Group upgraded shares of Shoals Technologies Group from a "hold" rating to a "buy" rating and lifted their target price for the company from $4.90 to $7.20 in a report on Monday, July 7th. Guggenheim raised their price target on shares of Shoals Technologies Group from $6.00 to $8.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, BNP Paribas Exane cut shares of Shoals Technologies Group from a "neutral" rating to an "underperform" rating and set a $4.00 price target for the company. in a research report on Thursday, May 15th. Fourteen 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 an average rating of "Moderate Buy" and a consensus price target of $9.15.

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.