Militia Capital Management LLC Invests $516,000 in Shoals Technologies Group, Inc. $SHLS

Militia Capital Management LLC acquired a new stake in Shoals Technologies Group, Inc. (NASDAQ:SHLS) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 78,400 shares of the company’s stock, valued at approximately $516,000.

A number of other large investors have also made changes to their positions in SHLS. Hussman Strategic Advisors Inc. lifted its stake in shares of Shoals Technologies Group by 140.0% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 252,000 shares of the company’s stock valued at $2,142,000 after acquiring an additional 147,000 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Shoals Technologies Group by 148.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 414,545 shares of the company’s stock worth $3,524,000 after acquiring an additional 247,721 shares during the last quarter. Telemark Asset Management LLC lifted its position in Shoals Technologies Group by 50.0% in the fourth quarter. Telemark Asset Management LLC now owns 1,500,000 shares of the company’s stock valued at $12,750,000 after purchasing an additional 500,000 shares during the last quarter. Tudor Investment Corp ET AL boosted its stake in shares of Shoals Technologies Group by 83.2% during the third quarter. Tudor Investment Corp ET AL now owns 1,025,812 shares of the company’s stock valued at $7,601,000 after purchasing an additional 465,968 shares during the period. Finally, Jupiter Asset Management Ltd. purchased a new stake in shares of Shoals Technologies Group during the fourth quarter valued at approximately $9,819,000.

Shoals Technologies Group Stock Performance

Shares of SHLS stock opened at $9.89 on Friday. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 49.45, a PEG ratio of 1.27 and a beta of 1.90. The stock has a fifty day moving average of $10.40 and a 200 day moving average of $8.86. Shoals Technologies Group, Inc. has a 52 week low of $4.43 and a 52 week high of $13.18. The company has a quick ratio of 1.07, a current ratio of 1.84 and a debt-to-equity ratio of 0.30.

Shoals Technologies Group (NASDAQ:SHLS) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $140.56 million for the quarter, compared to the consensus estimate of $129.16 million. The firm’s revenue was up 74.4% on a year-over-year basis. As a group, research analysts expect that Shoals Technologies Group, Inc. will post 0.34 earnings per share for the current year.

Analysts Set New Price Targets

SHLS has been the topic of several analyst reports. Guggenheim reaffirmed a “buy” rating on shares of Shoals Technologies Group in a research note on Friday, May 22nd. Barclays raised their price target on shares of Shoals Technologies Group from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. Jefferies Financial Group boosted their price objective on shares of Shoals Technologies Group from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Wells Fargo & Company upped their price objective on shares of Shoals Technologies Group from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Thursday, June 11th. Finally, JPMorgan Chase & Co. increased their target price on shares of Shoals Technologies Group from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $10.46.

Insider Transactions at Shoals Technologies Group

In related news, insider Bobbie Lee King, Jr. sold 10,000 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $10.41, for a total value of $104,100.00. Following the completion of the transaction, the insider directly owned 98,918 shares of the company’s stock, valued at $1,029,736.38. This represents a 9.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Dominic Bardos sold 54,449 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $8.48, for a total transaction of $461,727.52. Following the completion of the sale, the chief financial officer owned 394,979 shares of the company’s stock, valued at $3,349,421.92. This trade represents a 12.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.81% of the company’s stock.

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.