Hussman Strategic Advisors Inc. Grows Stake in Shoals Technologies Group, Inc. $SHLS

Key Points

• Hussman Strategic Advisors increased its stake in Shoals Technologies Group (NASDAQ:SHLS) by 140% in Q4, acquiring an additional 147,000 shares to hold 252,000 shares worth about $2.14 million (≈0.15% of the company).
• Shoals reported quarterly revenue of $148.33 million, up 38.6% year‑over‑year, but missed on EPS at $0.10 versus estimates of $0.14; the company posted a 7.06% net margin and a 9.10% return on equity.
• The company has a market capitalization of $1.37 billion and a P/E of 40.8; analysts show a consensus rating of “Moderate Buy” with a consensus target price of $9.43, though several firms have recently trimmed targets.

Hussman Strategic Advisors Inc. increased its stake in Shoals Technologies Group, Inc. (NASDAQ:SHLS - Free Report) by 140.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 252,000 shares of the company's stock after acquiring an additional 147,000 shares during the period. Hussman Strategic Advisors Inc. owned approximately 0.15% of Shoals Technologies Group worth $2,142,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Shoals Technologies Group by 3.7% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 32,055 shares of the company's stock worth $274,000 after acquiring an additional 1,147 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Shoals Technologies Group by 57.7% during the fourth quarter. GAMMA Investing LLC now owns 3,756 shares of the company's stock valued at $32,000 after buying an additional 1,375 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in shares of Shoals Technologies Group by 14.1% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 16,616 shares of the company's stock valued at $123,000 after buying an additional 2,047 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of Shoals Technologies Group by 13.0% during the second quarter. Canada Pension Plan Investment Board now owns 20,200 shares of the company's stock valued at $86,000 after buying an additional 2,316 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of Shoals Technologies Group by 1.9% during the second quarter. Legal & General Group Plc now owns 195,828 shares of the company's stock valued at $832,000 after buying an additional 3,601 shares during the period.

Shoals Technologies Group Stock Up 2.8%

Shares of NASDAQ SHLS opened at $8.16 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.32 and a current ratio of 2.03. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 40.80, a PEG ratio of 0.93 and a beta of 1.74. The stock has a 50 day moving average price of $6.81 and a 200 day moving average price of $8.39. Shoals Technologies Group, Inc. has a 52-week low of $3.65 and a 52-week high of $11.36.

Shoals Technologies Group (NASDAQ:SHLS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.04). The firm had revenue of $148.33 million during the quarter, compared to analysts' expectations of $144.52 million. Shoals Technologies Group had a net margin of 7.06% and a return on equity of 9.10%. The firm's revenue for the quarter was up 38.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 EPS. Sell-side analysts expect that Shoals Technologies Group, Inc. will post 0.37 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on SHLS shares. Needham & Company LLC dropped their target price on Shoals Technologies Group from $14.00 to $12.00 and set a "buy" rating for the company in a research report on Wednesday, February 25th. JPMorgan Chase & Co. dropped their target price on Shoals Technologies Group from $11.00 to $9.00 and set an "overweight" rating for the company in a research report on Thursday, April 16th. The Goldman Sachs Group restated a "buy" rating on shares of Shoals Technologies Group in a research report on Monday, February 9th. Royal Bank Of Canada dropped their target price on Shoals Technologies Group from $10.00 to $9.00 and set an "outperform" rating for the company in a research report on Wednesday, February 25th. Finally, Wells Fargo & Company dropped their target price on Shoals Technologies Group from $10.00 to $9.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 25th. Ten investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $9.43.

Shoals Technologies Group Profile

Shoals Technologies Group, Inc is a leading provider of electrical balance-of-system (BOS) solutions for the solar energy industry. The company designs, engineers and manufactures a comprehensive portfolio of products, including junction boxes, combiner boxes, cable assemblies, power distribution units and monitoring systems. These components are critical to interconnecting photovoltaic modules, optimizing energy output and ensuring safe, reliable performance across solar installations.

Founded in 1996 and headquartered in Portland, Tennessee, Shoals has grown its manufacturing and operations footprint to serve customers around the globe.

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