Shoals Technologies Group (NASDAQ:SHLS) Rating Increased to Neutral at BNP Paribas Exane

BNP Paribas Exane upgraded shares of Shoals Technologies Group (NASDAQ:SHLS) from an underperform rating to a neutral rating in a research report sent to investors on Wednesday morning, Marketbeat reports. They currently have $9.00 price objective on the stock.

Several other research firms also recently weighed in on SHLS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Shoals Technologies Group in a research note on Friday, January 9th. Roth Mkm cut their target price on shares of Shoals Technologies Group from $15.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $9.50 price target (down from $11.00) on shares of Shoals Technologies Group in a report on Tuesday, December 16th. Guggenheim raised their price objective on shares of Shoals Technologies Group from $8.00 to $12.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Finally, Zacks Research lowered Shoals Technologies Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Ten research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $9.50.

Shoals Technologies Group Price Performance

Shares of NASDAQ:SHLS opened at $6.85 on Wednesday. The company has a quick ratio of 1.53, a current ratio of 2.19 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $9.38 and a 200 day moving average price of $8.51. The company has a market cap of $1.15 billion, a P/E ratio of 34.25, a PEG ratio of 0.58 and a beta of 1.70. Shoals Technologies Group has a 52 week low of $2.71 and a 52 week high of $11.36.

Shoals Technologies Group (NASDAQ:SHLS) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). The business had revenue of $148.33 million during the quarter, compared to analysts’ expectations of $144.52 million. Shoals Technologies Group had a net margin of 7.06% and a return on equity of 9.20%. The firm’s quarterly revenue was up 38.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.08 earnings per share. Research analysts predict that Shoals Technologies Group will post 0.29 earnings per share for the current year.

Insider Activity at Shoals Technologies Group

In other news, CFO Dominic Bardos sold 4,170 shares of Shoals Technologies Group stock in a transaction on Friday, December 5th. The stock was sold at an average price of $7.83, for a total value of $32,651.10. Following the completion of the sale, the chief financial officer owned 412,289 shares of the company’s stock, valued at $3,228,222.87. The trade was a 1.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.67% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC lifted its holdings in shares of Shoals Technologies Group by 449.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 7,226 shares of the company’s stock worth $31,000 after acquiring an additional 5,910 shares during the period. GAMMA Investing LLC raised its stake in Shoals Technologies Group by 57.7% during the fourth quarter. GAMMA Investing LLC now owns 3,756 shares of the company’s stock worth $32,000 after purchasing an additional 1,375 shares during the period. USA Financial Formulas acquired a new position in shares of Shoals Technologies Group in the 4th quarter valued at $49,000. Savant Capital LLC purchased a new stake in shares of Shoals Technologies Group during the 2nd quarter valued at $50,000. Finally, Ethic Inc. acquired a new stake in shares of Shoals Technologies Group during the 2nd quarter worth $54,000.

More Shoals Technologies Group News

Here are the key news stories impacting Shoals Technologies Group this week:

• Positive Sentiment: Record revenue, large backlog and forward guidance support growth outlook — Shoals reported Q4 revenue of $148.3M (+39% y/y), record backlog & awarded orders of $747.6M, and 2026 revenue guidance of $560M–$600M with adjusted EBITDA $110M–$130M, which underpins upside potential for future quarters. Corrected Press Release
• Positive Sentiment: Company clarified an earlier error and confirmed it will continue providing quarterly guidance — the correction reduces uncertainty after morning press‑release language implied a guidance suspension. Corrected Press Release
• Positive Sentiment: Short interest fell materially in February (down ~14.5% to ~10.92M shares, ~6.6% of float), lowering short‑pressure and days‑to‑cover to ~2.7 — a technical tailwind if selling subsides.
• Neutral Sentiment: Commercial wins and partnerships (e.g., deployment with ON.energy for AI data‑center critical power) demonstrate product diversification beyond utility solar, which supports longer‑term revenue expansion but is a gradual catalyst. ON.energy Deployment
• Negative Sentiment: Earnings per share missed expectations — Q4 adjusted diluted EPS came in at $0.10 vs. consensus ~$0.14; revenue beat but EPS and adjusted EBITDA dynamics disappointed some models, prompting an immediate negative reaction. MSN: Shares Drop After Earnings Miss
• Negative Sentiment: Margin pressure from tariffs, higher material costs and litigation/legal expenses — gross margin fell ~600 bps y/y to 31.6% and G&A rose due to legal/professional costs, which together trimmed profitability and raised near‑term risk to margins. Seeking Alpha: Tariff Impacts Review
• Negative Sentiment: Multiple sell‑side firms trimmed price targets this morning (UBS, Barclays, RBC, Morgan Stanley, Wells Fargo, Guggenheim, etc.), which can pressure sentiment even when ratings remain Buy/Overweight — the revisions lower near‑term analyst anchor points despite many ratings retaining upside. Benzinga: Analyst Moves UBS Article

About Shoals Technologies Group

Shoals Technologies Group, Inc is a leading provider of electrical balance-of-system (BOS) solutions for the solar energy industry. The company designs, engineers and manufactures a comprehensive portfolio of products, including junction boxes, combiner boxes, cable assemblies, power distribution units and monitoring systems. These components are critical to interconnecting photovoltaic modules, optimizing energy output and ensuring safe, reliable performance across solar installations.

Founded in 1996 and headquartered in Portland, Tennessee, Shoals has grown its manufacturing and operations footprint to serve customers around the globe.