Deutsche Bank AG Has $1.06 Million Holdings in Shoals Technologies Group, Inc. $SHLS

Deutsche Bank AG decreased its stake in shares of Shoals Technologies Group, Inc. (NASDAQ:SHLS) by 4.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 319,045 shares of the company’s stock after selling 13,269 shares during the period. Deutsche Bank AG owned approximately 0.19% of Shoals Technologies Group worth $1,059,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SHLS. Pacer Advisors Inc. bought a new position in Shoals Technologies Group during the 1st quarter worth about $5,350,000. Goodlander Investment Management LLC acquired a new position in shares of Shoals Technologies Group during the fourth quarter worth about $8,295,000. Wellington Management Group LLP boosted its position in shares of Shoals Technologies Group by 8.6% during the fourth quarter. Wellington Management Group LLP now owns 14,233,342 shares of the company’s stock worth $78,710,000 after buying an additional 1,125,938 shares during the period. Royce & Associates LP grew its holdings in shares of Shoals Technologies Group by 519.8% during the first quarter. Royce & Associates LP now owns 1,053,662 shares of the company’s stock worth $3,498,000 after buying an additional 883,662 shares in the last quarter. Finally, Encompass Capital Advisors LLC raised its position in Shoals Technologies Group by 14.5% in the 4th quarter. Encompass Capital Advisors LLC now owns 5,410,245 shares of the company’s stock valued at $29,919,000 after buying an additional 683,642 shares during the last quarter.

Shoals Technologies Group Trading Up 12.5%

Shoals Technologies Group stock opened at $6.48 on Monday. The stock has a 50-day simple moving average of $5.40 and a 200 day simple moving average of $4.45. The stock has a market capitalization of $1.08 billion, a P/E ratio of 49.85, a PEG ratio of 0.79 and a beta of 1.61. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.64 and a current ratio of 2.34. Shoals Technologies Group, Inc. has a 52 week low of $2.71 and a 52 week high of $7.00.

Shoals Technologies Group (NASDAQ:SHLS) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. Shoals Technologies Group had a return on equity of 7.57% and a net margin of 5.27%.The firm had revenue of $110.84 million for the quarter, compared to analyst estimates of $104.87 million. During the same quarter in the prior year, the company earned $0.10 earnings per share. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. Shoals Technologies Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts expect that Shoals Technologies Group, Inc. will post 0.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SHLS shares. Roth Capital raised Shoals Technologies Group from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Thursday, August 7th. Guggenheim boosted their price objective on shares of Shoals Technologies Group from $6.00 to $8.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Barclays increased their target price on shares of Shoals Technologies Group from $4.00 to $7.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. BNP Paribas Exane downgraded shares of Shoals Technologies Group from a “neutral” rating to an “underperform” rating and set a $4.00 target price for the company. in a research report on Thursday, May 15th. Finally, BNP Paribas reiterated an “underperform” rating and issued a $4.00 price target (down from $4.50) on shares of Shoals Technologies Group in a research note on Thursday, May 15th. Fourteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $9.15.

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.