Campbell & CO Investment Adviser LLC Acquires New Position in Shoals Technologies Group, Inc. $SHLS

Campbell & CO Investment Adviser LLC bought a new position in shares of Shoals Technologies Group, Inc. (NASDAQ:SHLS) during the second quarter, HoldingsChannel reports. The firm bought 50,256 shares of the company’s stock, valued at approximately $214,000.

Several other hedge funds also recently made changes to their positions in SHLS. Nisa Investment Advisors LLC lifted its stake in Shoals Technologies Group by 449.1% during the second quarter. Nisa Investment Advisors LLC now owns 7,226 shares of the company’s stock worth $31,000 after purchasing an additional 5,910 shares during the last quarter. Savant Capital LLC acquired a new stake in shares of Shoals Technologies Group during the second quarter worth $50,000. Ethic Inc. acquired a new stake in shares of Shoals Technologies Group during the second quarter worth $54,000. Cerity Partners LLC bought a new position in shares of Shoals Technologies Group in the 1st quarter worth about $43,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Shoals Technologies Group in the 1st quarter valued at about $44,000.

Shoals Technologies Group Trading Up 0.4%

NASDAQ:SHLS opened at $7.98 on Wednesday. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 39.90, a PEG ratio of 0.99 and a beta of 1.69. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.53 and a current ratio of 2.19. Shoals Technologies Group, Inc. has a 1 year low of $2.71 and a 1 year high of $11.36. The business has a fifty day moving average of $8.80 and a 200-day moving average of $6.60.

Shoals Technologies Group (NASDAQ:SHLS) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12. The business had revenue of $135.80 million for the quarter, compared to analysts’ expectations of $131.37 million. Shoals Technologies Group had a net margin of 7.66% and a return on equity of 8.50%. Shoals Technologies Group has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts predict that Shoals Technologies Group, Inc. will post 0.29 earnings per share for the current year.

Analyst Ratings Changes

SHLS has been the topic of several research reports. Roth Capital reiterated a “buy” rating and set a $15.00 price objective (up previously from $10.00) on shares of Shoals Technologies Group in a research note on Wednesday, November 5th. Barclays upgraded Shoals Technologies Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $7.00 to $10.00 in a research report on Thursday, October 2nd. Wall Street Zen lowered Shoals Technologies Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 17th. JPMorgan Chase & Co. increased their target price on Shoals Technologies Group from $9.00 to $11.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Finally, Jefferies Financial Group boosted their price target on shares of Shoals Technologies Group from $6.00 to $9.00 and gave the company a “buy” rating in a report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $8.70.

Shoals Technologies Group Profile

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.