Shoals Technologies Group (NASDAQ:SHLS) Shares Down 4.4% - What's Next?

Key Points

• Shoals shares fell 4.4% to $6.674 on Monday on lighter-than-average volume (3.42M vs. a 4.74M average), trading below its 50‑ and 200‑day moving averages.
• The company reported Q results with EPS of $0.10, missing estimates by $0.04 while revenue of $148.3M beat consensus and rose 38.6% year‑over‑year; analysts model roughly $0.29 EPS for the fiscal year.
• Analyst sentiment is cautiously positive — the consensus rating is a "Moderate Buy" with a $9.57 average target (10 Buys, 7 Holds), though brokers have recently issued mixed price‑target adjustments.

Shoals Technologies Group, Inc. (NASDAQ:SHLS - Get Free Report) fell 4.4% during trading on Monday . The stock traded as low as $6.65 and last traded at $6.6740. 3,421,517 shares traded hands during trading, a decline of 28% from the average session volume of 4,738,351 shares. The stock had previously closed at $6.98.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SHLS. Weiss Ratings reissued a "hold (c)" rating on shares of Shoals Technologies Group in a research report on Friday, January 9th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Shoals Technologies Group in a research report on Monday, February 9th. Barclays cut their price objective on Shoals Technologies Group from $10.00 to $9.00 and set an "overweight" rating for the company in a research report on Wednesday, February 25th. TD Cowen reaffirmed a "buy" rating on shares of Shoals Technologies Group in a research report on Tuesday, February 24th. Finally, BNP Paribas Exane raised Shoals Technologies Group from an "underperform" rating to a "neutral" rating and set a $9.00 price objective for the company in a research report on Wednesday, February 25th. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.57.

Shoals Technologies Group Stock Performance

The company has a market cap of $1.12 billion, a P/E ratio of 33.35, a price-to-earnings-growth ratio of 0.97 and a beta of 1.64. The company has a quick ratio of 1.32, a current ratio of 2.03 and a debt-to-equity ratio of 0.23. The stock has a 50 day moving average price of $7.58 and a two-hundred day moving average price of $8.49.

Shoals Technologies Group (NASDAQ:SHLS - Get Free Report) last announced its earnings results on Tuesday, February 24th. The company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.04). The firm had revenue of $148.33 million for the quarter, compared to the consensus estimate of $144.52 million. Shoals Technologies Group had a return on equity of 9.10% and a net margin of 7.06%.Shoals Technologies Group's revenue for the quarter was up 38.6% on a year-over-year basis. During the same quarter last year, the business posted $0.08 EPS. On average, research analysts predict that Shoals Technologies Group, Inc. will post 0.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Shoals Technologies Group

A number of large investors have recently made changes to their positions in the company. Hsbc Holdings PLC increased its stake in shares of Shoals Technologies Group by 45.4% during the fourth quarter. Hsbc Holdings PLC now owns 17,429 shares of the company's stock worth $148,000 after purchasing an additional 5,440 shares during the period. Invesco Ltd. increased its stake in Shoals Technologies Group by 5.8% during the 4th quarter. Invesco Ltd. now owns 5,877,652 shares of the company's stock worth $49,960,000 after acquiring an additional 323,831 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in Shoals Technologies Group by 20.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,670 shares of the company's stock worth $116,000 after acquiring an additional 2,304 shares during the period. nVerses Capital LLC bought a new position in Shoals Technologies Group during the 4th quarter worth $127,000. Finally, Polymer Capital Management US LLC bought a new position in Shoals Technologies Group during the 4th quarter worth $201,000.

About Shoals Technologies Group

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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