SHLS FY2025 EPS Estimate Raised by Cantor Fitzgerald

Shoals Technologies Group, Inc. (NASDAQ:SHLS) – Stock analysts at Cantor Fitzgerald lifted their FY2025 earnings per share estimates for shares of Shoals Technologies Group in a research report issued on Wednesday, May 7th. Cantor Fitzgerald analyst D. Soderberg now forecasts that the company will post earnings per share of $0.34 for the year, up from their prior forecast of $0.33. The consensus estimate for Shoals Technologies Group’s current full-year earnings is $0.29 per share.

A number of other analysts also recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Shoals Technologies Group from $11.00 to $10.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. The Goldman Sachs Group boosted their price target on shares of Shoals Technologies Group from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Wednesday. Jefferies Financial Group lowered their price objective on shares of Shoals Technologies Group from $4.60 to $3.40 and set a “hold” rating for the company in a research report on Wednesday, March 12th. Barclays cut their target price on Shoals Technologies Group from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Finally, Wolfe Research assumed coverage on Shoals Technologies Group in a research report on Tuesday, February 18th. They set a “peer perform” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.77.

Shoals Technologies Group Price Performance

SHLS stock opened at $5.07 on Friday. Shoals Technologies Group has a 52-week low of $2.71 and a 52-week high of $8.52. The business has a fifty day moving average of $3.45 and a two-hundred day moving average of $4.37. The stock has a market cap of $846.66 million, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 0.52 and a beta of 1.52. The company has a quick ratio of 1.36, a current ratio of 2.08 and a debt-to-equity ratio of 0.26.

Shoals Technologies Group (NASDAQ:SHLS) last issued its earnings results on Tuesday, May 6th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). Shoals Technologies Group had a return on equity of 9.83% and a net margin of 7.78%. The firm had revenue of $80.36 million for the quarter, compared to analysts’ expectations of $74.66 million. During the same period last year, the firm earned $0.07 earnings per share. Shoals Technologies Group’s revenue for the quarter was down 11.2% on a year-over-year basis.

Insider Buying and Selling

In other news, CEO Brandon Moss sold 21,700 shares of Shoals Technologies Group stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $3.07, for a total transaction of $66,619.00. Following the sale, the chief executive officer now owns 1,051,303 shares in the company, valued at approximately $3,227,500.21. The trade was a 2.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 40,575 shares of company stock worth $123,957 over the last 90 days. 1.67% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Cerity Partners LLC acquired a new position in shares of Shoals Technologies Group in the 1st quarter valued at $43,000. MQS Management LLC acquired a new position in Shoals Technologies Group in the first quarter valued at $43,000. Empirical Asset Management LLC acquired a new stake in shares of Shoals Technologies Group during the fourth quarter worth about $59,000. Pallas Capital Advisors LLC purchased a new position in shares of Shoals Technologies Group during the first quarter worth about $64,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Shoals Technologies Group in the 1st quarter valued at about $65,000.

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.