Shoals Technologies Group (SHLS) to Release Quarterly Earnings on Tuesday

Shoals Technologies Group (NASDAQ:SHLS) will likely be releasing its Q1 2025 earnings data before the market opens on Tuesday, May 6th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $74.66 million for the quarter.

Shoals Technologies Group (NASDAQ:SHLS) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The firm had revenue of $107.00 million for the quarter, compared to analysts’ expectations of $102.16 million. Shoals Technologies Group had a net margin of 7.78% and a return on equity of 9.83%. The firm’s revenue was down 17.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.12 EPS. 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 Trading Up 1.9 %

Shoals Technologies Group stock opened at $3.84 on Friday. Shoals Technologies Group has a 52-week low of $2.71 and a 52-week high of $9.17. The company has a market cap of $641.26 million, a P/E ratio of 19.20, a P/E/G ratio of 0.52 and a beta of 1.54. The company has a quick ratio of 1.36, a current ratio of 2.08 and a debt-to-equity ratio of 0.26. The business has a 50-day simple moving average of $3.32 and a two-hundred day simple moving average of $4.39.

Wall Street Analyst Weigh In

A number of brokerages have commented on SHLS. Roth Mkm reduced their target price on shares of Shoals Technologies Group from $5.00 to $4.50 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Oppenheimer reduced their price target on Shoals Technologies Group from $11.00 to $10.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. The Goldman Sachs Group lowered their price objective on Shoals Technologies Group from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Jefferies Financial Group reduced their target price on shares of Shoals Technologies Group from $4.60 to $3.40 and set a “hold” rating for the company in a report on Wednesday, March 12th. Finally, Wolfe Research started coverage on shares of Shoals Technologies Group in a report on Tuesday, February 18th. They set a “peer perform” rating on the stock. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Shoals Technologies Group has an average rating of “Hold” and an average target price of $8.87.

Insider Buying and Selling at Shoals Technologies Group

In other news, CEO Brandon Moss sold 21,700 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $3.07, for a total value of $66,619.00. Following the completion of the sale, the chief executive officer now directly owns 1,051,303 shares of the company’s stock, valued at $3,227,500.21. This trade represents a 2.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 40,575 shares of company stock worth $123,957 over the last 90 days. 1.67% of the stock is owned by insiders.

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.