Vanguard Personalized Indexing Management LLC Has $62,000 Stake in Shoals Technologies Group, Inc. $SHLS

Vanguard Personalized Indexing Management LLC lifted its position in shares of Shoals Technologies Group, Inc. (NASDAQ:SHLS) by 43.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,569 shares of the company’s stock after acquiring an additional 4,412 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Shoals Technologies Group were worth $62,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Stratos Wealth Partners LTD. lifted its holdings in Shoals Technologies Group by 17.2% during the 1st quarter. Stratos Wealth Partners LTD. now owns 23,313 shares of the company’s stock worth $77,000 after buying an additional 3,415 shares during the period. Pallas Capital Advisors LLC lifted its holdings in Shoals Technologies Group by 27.7% during the 2nd quarter. Pallas Capital Advisors LLC now owns 24,517 shares of the company’s stock worth $104,000 after buying an additional 5,320 shares during the period. Rhumbline Advisers lifted its stake in shares of 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 purchasing an additional 6,112 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Shoals Technologies Group by 42.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 27,987 shares of the company’s stock valued at $119,000 after purchasing an additional 8,307 shares during the period. Finally, Cidel Asset Management Inc. lifted its stake in shares of Shoals Technologies Group by 17.0% in the 1st quarter. Cidel Asset Management Inc. now owns 68,852 shares of the company’s stock valued at $229,000 after purchasing an additional 9,982 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SHLS. Wall Street Zen downgraded Shoals Technologies Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 17th. Barclays raised Shoals Technologies Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $7.00 to $10.00 in a research note on Thursday, October 2nd. Mizuho downgraded Shoals Technologies Group from an “outperform” rating to a “neutral” rating and set a $7.00 price objective on the stock. in a research note on Monday, July 14th. Zacks Research raised Shoals Technologies Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 21st. Finally, JPMorgan Chase & Co. boosted their target price on Shoals Technologies Group from $9.00 to $11.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Shoals Technologies Group has a consensus rating of “Moderate Buy” and a consensus target price of $8.00.

Shoals Technologies Group Price Performance

Shoals Technologies Group stock opened at $10.54 on Tuesday. Shoals Technologies Group, Inc. has a 12 month low of $2.71 and a 12 month high of $11.31. The company has a current ratio of 2.34, a quick ratio of 1.64 and a debt-to-equity ratio of 0.23. The business’s 50 day simple moving average is $7.95 and its 200 day simple moving average is $5.93. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 81.08, a PEG ratio of 1.29 and a beta of 1.65.

Shoals Technologies Group (NASDAQ:SHLS) last posted its earnings results on Tuesday, August 5th. The company reported $0.10 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $104.87 million. During the same quarter in the prior year, the business posted $0.10 earnings per share. The business’s quarterly revenue was up 11.7% on a year-over-year basis. Shoals Technologies Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts forecast that Shoals Technologies Group, Inc. will post 0.29 EPS for the current year.

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.