Shoals Technologies Group (NASDAQ:SHLS) Price Target Raised to $12.00

Shoals Technologies Group (NASDAQ:SHLS) had its price objective increased by UBS Group from $11.00 to $12.00 in a research report report published on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research analysts have also issued reports on SHLS. Roth Mkm cut their target price on shares of Shoals Technologies Group from $15.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. TD Cowen reiterated a “buy” rating on shares of Shoals Technologies Group in a research report on Tuesday, February 24th. Royal Bank Of Canada cut their target price on shares of Shoals Technologies Group from $10.00 to $9.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Weiss Ratings lowered shares of Shoals Technologies Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 15th. Finally, Wells Fargo & Company cut their target price on shares of Shoals Technologies Group from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 25th. Ten analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $9.64.

Shoals Technologies Group Stock Performance

Shoals Technologies Group stock opened at $8.84 on Thursday. Shoals Technologies Group has a fifty-two week low of $3.81 and a fifty-two week high of $11.36. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.32 and a current ratio of 1.84. The stock has a market cap of $1.48 billion, a P/E ratio of 44.20, a price-to-earnings-growth ratio of 1.00 and a beta of 1.74. The firm’s fifty day moving average price is $6.75 and its 200-day moving average price is $8.33.

Shoals Technologies Group (NASDAQ:SHLS) last announced its earnings results on Tuesday, May 5th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. Shoals Technologies Group had a net margin of 6.27% and a return on equity of 10.03%. The company had revenue of $140.56 million during the quarter, compared to analyst estimates of $129.16 million. The firm’s revenue for the quarter was up 74.4% compared to the same quarter last year. On average, equities research analysts expect that Shoals Technologies Group will post 0.37 earnings per share for the current fiscal year.

Insider Activity at Shoals Technologies Group

In other news, CFO Dominic Bardos sold 54,449 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $8.48, for a total transaction of $461,727.52. Following the completion of the transaction, the chief financial officer directly owned 394,979 shares of the company’s stock, valued at approximately $3,349,421.92. This represents a 12.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Shoals Technologies Group

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Shoals Technologies Group by 57.7% during the fourth quarter. GAMMA Investing LLC now owns 3,756 shares of the company’s stock valued at $32,000 after acquiring an additional 1,375 shares during the last quarter. KBC Group NV bought a new position in shares of Shoals Technologies Group during the first quarter valued at about $30,000. USA Financial Formulas bought a new position in shares of Shoals Technologies Group during the fourth quarter valued at about $49,000. State of Alaska Department of Revenue bought a new position in shares of Shoals Technologies Group during the third quarter valued at about $54,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Shoals Technologies Group by 378.0% during the first quarter. PNC Financial Services Group Inc. now owns 7,566 shares of the company’s stock valued at $50,000 after acquiring an additional 5,983 shares during the last quarter.

Shoals Technologies Group News Summary

Here are the key news stories impacting Shoals Technologies Group this week:

• Positive Sentiment: UBS Group raised its price target on Shoals Technologies Group to $12 from $11 and reiterated a buy rating, signaling continued upside potential for the stock. Read More
• Positive Sentiment: Needham also initiated or maintained a buy rating, adding to the bullish analyst sentiment around the company. Read More
• Positive Sentiment: JPMorgan issued a positive forecast for Shoals Technologies Group, reinforcing expectations that the company can continue to perform well after its recent earnings beat and improved 2026 guidance. Read More
• Neutral Sentiment: Recent commentary focused on valuation after the earnings beat and upgraded guidance, suggesting investors are rechecking whether the stock’s rally is fully justified. Read More
• Negative Sentiment: CFO Dominic Bardos sold 54,449 shares in a disclosed SEC filing, trimming his stake by about 12%, which can sometimes be interpreted as a cautious signal by investors. Read More

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.