Ieq Capital LLC purchased a new stake in shares of Shoals Technologies Group, Inc. (NASDAQ:SHLS - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 70,822 shares of the company's stock, valued at approximately $235,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Cerity Partners LLC purchased a new stake in shares of Shoals Technologies Group during the first quarter valued at approximately $43,000. MQS Management LLC purchased a new stake in shares of Shoals Technologies Group during the first quarter valued at approximately $43,000. American Trust purchased a new stake in shares of Shoals Technologies Group during the fourth quarter valued at approximately $72,000. 49 Wealth Management LLC purchased a new stake in shares of Shoals Technologies Group during the fourth quarter valued at approximately $74,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Shoals Technologies Group in the first quarter worth $44,000.
Shoals Technologies Group Price Performance
Shares of NASDAQ SHLS opened at $7.16 on Friday. The stock has a market cap of $1.20 billion, a PE ratio of 55.08, a price-to-earnings-growth ratio of 0.88 and a beta of 1.63. Shoals Technologies Group, Inc. has a fifty-two week low of $2.71 and a fifty-two week high of $7.62. 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 stock has a fifty day moving average of $5.74 and a 200-day moving average of $4.63.
Shoals Technologies Group (NASDAQ:SHLS - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $110.84 million during 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 firm's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company earned $0.10 earnings per share. Shoals Technologies Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts anticipate that Shoals Technologies Group, Inc. will post 0.29 earnings per share for the current year.
Wall Street Analysts Forecast Growth
SHLS has been the subject of a number of recent research reports. Mizuho downgraded Shoals Technologies Group from an "outperform" rating to a "neutral" rating and set a $7.00 target price for the company. in a research report on Monday, July 14th. Roth Capital raised Shoals Technologies Group from a "neutral" rating to a "buy" rating and set a $10.00 target price for the company in a research report on Thursday, August 7th. UBS Group decreased their target price on Shoals Technologies Group from $7.50 to $7.00 and set a "buy" rating for the company in a research report on Wednesday, August 6th. Jefferies Financial Group raised Shoals Technologies Group from a "hold" rating to a "buy" rating and raised their target price for the stock from $4.90 to $7.20 in a research report on Monday, July 7th. Finally, Guggenheim raised their target price on Shoals Technologies Group from $6.00 to $8.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Fourteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $9.15.
Check Out Our Latest Stock Analysis on SHLS
Shoals Technologies Group Profile
(
Free Report)
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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