Swiss National Bank Sells 4,800 Shares of Shoals Technologies Group, Inc. $SHLS

Swiss National Bank reduced its stake in shares of Shoals Technologies Group, Inc. (NASDAQ:SHLS) by 1.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 323,000 shares of the company’s stock after selling 4,800 shares during the period. Swiss National Bank owned 0.19% of Shoals Technologies Group worth $1,072,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its position in shares of Shoals Technologies Group by 20.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 15,525 shares of the company’s stock worth $86,000 after acquiring an additional 2,652 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in Shoals Technologies Group by 17.2% in the 1st quarter. Stratos Wealth Partners LTD. now owns 23,313 shares of the company’s stock valued at $77,000 after buying an additional 3,415 shares in the last quarter. Maven Securities LTD increased its position in Shoals Technologies Group by 11.1% in the 4th quarter. Maven Securities LTD now owns 50,000 shares of the company’s stock valued at $276,000 after buying an additional 5,000 shares in the last quarter. Rhumbline Advisers increased its position in Shoals Technologies Group by 2.5% in the 1st quarter. Rhumbline Advisers now owns 248,924 shares of the company’s stock valued at $826,000 after buying an additional 6,112 shares in the last quarter. Finally, Barclays PLC increased its position in Shoals Technologies Group by 3.3% in the 4th quarter. Barclays PLC now owns 300,910 shares of the company’s stock valued at $1,665,000 after buying an additional 9,668 shares in the last quarter.

Shoals Technologies Group Trading Up 4.9%

Shares of SHLS stock opened at $6.80 on Tuesday. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 52.31, a PEG ratio of 0.79 and a beta of 1.61. Shoals Technologies Group, Inc. has a 1 year low of $2.71 and a 1 year high of $7.00. The company’s fifty day simple moving average is $5.43 and its two-hundred day simple moving average is $4.47. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.34 and a quick ratio of 1.64.

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

Wall Street Analyst Weigh In

SHLS has been the subject of a number of research analyst reports. Guggenheim boosted their target price on Shoals Technologies Group from $6.00 to $8.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. UBS Group cut their price target on Shoals Technologies Group from $7.50 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, August 6th. BNP Paribas Exane downgraded Shoals Technologies Group from a “neutral” rating to an “underperform” rating and set a $4.00 price target for the company. in a research note on Thursday, May 15th. Citigroup lifted their price target on Shoals Technologies Group from $4.50 to $5.50 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. Finally, Mizuho downgraded Shoals Technologies Group from an “outperform” rating to a “neutral” rating and set a $7.00 price target for the company. in a research note on Monday, July 14th. Fourteen investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.15.

Shoals Technologies Group Company 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.