Shoals Technologies Group (SHLS) Projected to Post Earnings on Tuesday

Key Points

• Shoals Technologies Group will report Q1 2026 results before the market opens on Tuesday, May 5 at 8:00 AM ET, with analysts expecting $0.06 EPS and $128.279M in revenue.
• In the prior quarter (reported Feb. 24) Shoals missed EPS estimates ($0.10 vs. $0.14) but delivered strong top-line growth, with revenue rising 38.6% year‑over‑year to $148.33M.
• The stock opened around $7.80 with a market cap of $1.31B; analysts maintain a "Moderate Buy" consensus and an average target price of $9.43 despite several recent price‑target reductions.

Shoals Technologies Group (NASDAQ:SHLS - Get Free Report) will likely be releasing its Q1 2026 results before the market opens on Tuesday, May 5th. Analysts expect Shoals Technologies Group to post earnings of $0.06 per share and revenue of $128.2790 million for the quarter. Parties may visit the the company's upcoming Q1 2026 earning results page for the latest details on the call scheduled for Tuesday, May 5, 2026 at 8:00 AM ET.

Shoals Technologies Group (NASDAQ:SHLS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.04). The company had revenue of $148.33 million during the quarter, compared to analyst estimates 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 was up 38.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.08 earnings per share. On average, analysts expect Shoals Technologies Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shoals Technologies Group Stock Down 1.6%

Shares of NASDAQ SHLS opened at $7.80 on Tuesday. The stock has a market cap of $1.31 billion, a P/E ratio of 39.00, a PEG ratio of 0.90 and a beta of 1.64. The company has a current ratio of 2.03, a quick ratio of 1.32 and a debt-to-equity ratio of 0.23. Shoals Technologies Group has a 12-month low of $3.49 and a 12-month high of $11.36. The business's fifty day simple moving average is $6.98 and its 200-day simple moving average is $8.41.

Institutional Investors Weigh In On Shoals Technologies Group

Institutional investors have recently modified their holdings of the company. CIBC Asset Management Inc purchased a new stake in shares of Shoals Technologies Group during the 4th quarter worth $85,000. Cibc World Markets Corp purchased a new stake in shares of Shoals Technologies Group during the 4th quarter worth $95,000. Boothbay Fund Management LLC purchased a new stake in shares of Shoals Technologies Group during the 4th quarter worth $105,000. Mercer Global Advisors Inc. ADV lifted its position in shares of 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 purchasing an additional 2,304 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of Shoals Technologies Group during the 4th quarter worth $120,000.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Shoals Technologies Group from $11.00 to $9.00 and set an "overweight" rating on the stock in a research note on Thursday, April 16th. Citigroup reduced their price objective on Shoals Technologies Group from $11.00 to $8.50 and set a "neutral" rating on the stock in a research note on Thursday, February 26th. Weiss Ratings cut Shoals Technologies Group from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, April 15th. TD Cowen reiterated a "buy" rating on shares of Shoals Technologies Group in a research note on Tuesday, February 24th. Finally, Needham & Company LLC decreased their price objective on shares of 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. Ten research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $9.43.

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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