Shoals Technologies Group (NASDAQ:SHLS) Price Target Raised to $9.00

Shoals Technologies Group (NASDAQ:SHLS) had its price objective increased by Jefferies Financial Group from $6.00 to $9.00 in a research note published on Monday, MarketBeat.com reports. Jefferies Financial Group currently has a buy rating on the stock.

A number of other equities analysts also recently commented on the stock. Barclays upped their target price on shares of Shoals Technologies Group from $4.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. BNP Paribas reissued an “underperform” rating and issued a $4.00 price objective (down previously from $4.50) on shares of Shoals Technologies Group in a research note on Thursday, May 15th. Mizuho lowered 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. UBS Group lowered their target price on Shoals Technologies Group from $7.50 to $7.00 and set a “buy” rating for the company in a report on Wednesday, August 6th. Finally, BNP Paribas Exane lowered Shoals Technologies Group from a “neutral” rating to an “underperform” rating and set a $4.00 price target on the stock. in a research note on Thursday, May 15th. Fourteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $9.24.

Shoals Technologies Group Trading Up 3.5%

Shares of NASDAQ SHLS opened at $6.88 on Monday. Shoals Technologies Group 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 company has a market cap of $1.15 billion, a price-to-earnings ratio of 52.93, a PEG ratio of 0.81 and a beta of 1.63. The business’s 50 day moving average price is $5.86 and its 200-day moving average price is $4.68.

Shoals Technologies Group (NASDAQ:SHLS) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. The company had revenue of $110.84 million for the quarter, compared to the consensus estimate of $104.87 million. Shoals Technologies Group had a return on equity of 7.57% and a net margin of 5.27%.Shoals Technologies Group’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.10 EPS. Shoals Technologies Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts expect that Shoals Technologies Group will post 0.29 earnings per share for the current year.

Institutional Trading of Shoals Technologies Group

A number of institutional investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC raised its stake in Shoals Technologies Group by 449.1% in the second quarter. Nisa Investment Advisors LLC now owns 7,226 shares of the company’s stock valued at $31,000 after buying an additional 5,910 shares during the last quarter. Savant Capital LLC purchased a new stake in Shoals Technologies Group during the 2nd quarter worth approximately $50,000. Ethic Inc. acquired a new position in Shoals Technologies Group during the 2nd quarter valued at approximately $54,000. Cerity Partners LLC acquired a new position in Shoals Technologies Group during the 1st quarter valued at approximately $43,000. Finally, MQS Management LLC purchased a new position in shares of Shoals Technologies Group in the first quarter worth $43,000.

About Shoals Technologies Group

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.