Cwm LLC Has $167,000 Stock Holdings in Shoals Technologies Group, Inc. $SHLS

Cwm LLC increased its holdings in shares of Shoals Technologies Group, Inc. (NASDAQ:SHLS) by 73.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,206 shares of the company’s stock after buying an additional 16,545 shares during the period. Cwm LLC’s holdings in Shoals Technologies Group were worth $167,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Wellington Management Group LLP lifted its holdings in Shoals Technologies Group by 51.9% during the 1st quarter. Wellington Management Group LLP now owns 21,615,890 shares of the company’s stock worth $71,765,000 after buying an additional 7,382,548 shares during the period. Invesco Ltd. lifted its stake in shares of Shoals Technologies Group by 5.8% in the first quarter. Invesco Ltd. now owns 6,791,182 shares of the company’s stock worth $22,547,000 after acquiring an additional 375,271 shares during the period. Erste Asset Management GmbH lifted its stake in shares of Shoals Technologies Group by 7.6% in the first quarter. Erste Asset Management GmbH now owns 3,867,306 shares of the company’s stock worth $12,802,000 after acquiring an additional 273,500 shares during the period. CenterBook Partners LP acquired a new position in shares of Shoals Technologies Group in the 1st quarter worth approximately $12,489,000. Finally, T. Rowe Price Investment Management Inc. acquired a new position in shares of Shoals Technologies Group in the 1st quarter worth approximately $7,712,000.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SHLS. Zacks Research upgraded shares of Shoals Technologies Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 21st. 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. 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. The Goldman Sachs Group boosted their price target on Shoals Technologies Group from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Thursday, September 11th. Finally, Roth Capital raised Shoals Technologies Group from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Shoals Technologies Group has a consensus rating of “Moderate Buy” and an average target price of $8.00.

Shoals Technologies Group Stock Performance

Shares of SHLS stock opened at $10.62 on Thursday. The firm has a 50-day moving average of $8.13 and a 200-day moving average of $6.03. The company has a market cap of $1.78 billion, a P/E ratio of 81.70, a P/E/G ratio of 1.26 and a beta of 1.65. 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, Inc. has a one year low of $2.71 and a one year high of $11.36.

Shoals Technologies Group (NASDAQ:SHLS) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $110.84 million during the quarter, compared to the consensus estimate of $104.87 million. During the same period last year, the business posted $0.10 earnings per share. Shoals Technologies Group’s 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. Equities research analysts forecast that Shoals Technologies Group, Inc. will post 0.29 EPS for the current fiscal year.

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.