Guggenheim Lowers Shoals Technologies Group (NASDAQ:SHLS) Price Target to $11.00

Shoals Technologies Group (NASDAQ:SHLS) had its price target cut by Guggenheim from $12.00 to $11.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Guggenheim’s target price would suggest a potential upside of 73.23% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Needham & Company LLC decreased their price target on Shoals Technologies Group from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Shoals Technologies Group in a research note on Monday, February 9th. TD Cowen reaffirmed a “buy” rating on shares of Shoals Technologies Group in a report on Tuesday. BNP Paribas Exane upgraded shares of Shoals Technologies Group from an “underperform” rating to a “neutral” rating and set a $9.00 target price on the stock in a research note on Wednesday. Finally, Roth Mkm cut their price target on shares of Shoals Technologies Group from $15.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday. Ten equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Shoals Technologies Group presently has an average rating of “Moderate Buy” and an average price target of $9.71.

Shoals Technologies Group Trading Down 7.3%

NASDAQ:SHLS opened at $6.35 on Wednesday. The company has a market cap of $1.06 billion, a P/E ratio of 31.75, a P/E/G ratio of 0.58 and a beta of 1.70. The stock’s fifty day moving average price is $9.33 and its two-hundred day moving average price is $8.49. Shoals Technologies Group has a 1 year low of $2.71 and a 1 year high of $11.36. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.03 and a quick ratio of 1.53.

Shoals Technologies Group (NASDAQ:SHLS) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.04). The company 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 9.10%. Shoals Technologies Group’s revenue for the quarter was up 38.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.08 earnings per share. As a group, analysts expect that Shoals Technologies Group will post 0.29 EPS for the current year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Shoals Technologies Group

Large investors have recently modified their holdings of the company. Encompass Capital Advisors LLC bought a new position in shares of Shoals Technologies Group during the 2nd quarter valued at $56,120,000. Price T Rowe Associates Inc. MD lifted its stake in Shoals Technologies Group by 151.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,753,784 shares of the company’s stock worth $108,410,000 after purchasing an additional 7,685,515 shares during the last quarter. First Trust Advisors LP boosted its position in Shoals Technologies Group by 1,493.0% during the fourth quarter. First Trust Advisors LP now owns 6,331,682 shares of the company’s stock valued at $53,819,000 after buying an additional 5,934,223 shares during the period. Castle Hook Partners LP bought a new position in shares of Shoals Technologies Group during the fourth quarter valued at about $40,095,000. Finally, Amundi grew its stake in shares of Shoals Technologies Group by 175.2% during the fourth quarter. Amundi now owns 5,776,766 shares of the company’s stock valued at $49,075,000 after buying an additional 3,677,713 shares during the last quarter.

Key Headlines Impacting Shoals Technologies Group

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

• Positive Sentiment: Shoals and ON.energy won a deployment to supply critical power systems to a leading AI data‑center operator — a strategic large‑customer win that highlights demand outside core solar end markets. Shoals Technologies Group and ON.energy to deploy critical power systems for leading AI data center operator
• Positive Sentiment: Shoals is targeting $560M–$600M in 2026 revenue and cites a record backlog plus new product launches — this implies multi‑year growth potential if backlog converts. Shoals targets $560M–$600M 2026 revenue amid record backlog and new product launches
• Positive Sentiment: Q4 revenue was a record ~$148M (FY growth ~19%) — top‑line momentum that supports longer‑term growth assumptions even as near‑term margins/earnings vary. Shoals reports record $148 million Q4 revenue, full-year growth of 19%
• Positive Sentiment: Short interest fell ~14.5% in February to ~10.9M shares (6.6% of float), reducing one potential source of downward pressure and shortening the short‑covering risk window. (no direct article link)
• Neutral Sentiment: Multiple brokerages updated targets/ratings: Citi cut its PT to $8.50 (neutral), Morgan Stanley to $8.50 (equal weight), Barclays to $9.00 (overweight), UBS/Guggenheim/Needham trimmed PTs but largely kept buy/overweight stances — a cluster of mostly downward target adjustments that narrows upside but leaves several mid‑single‑digit to double‑digit upside scenarios. Benzinga coverage of analyst price target moves
• Negative Sentiment: Shoals missed EPS estimates (Q reported EPS below consensus) and issued a Q1 outlook that the market read as a sharp near‑term slowdown, which prompted a gap down in the stock today. That weak short‑term guidance is the main driver of the intra‑day weakness. Shoals Technologies declines as Q1 outlook signals sharp slowdown

Shoals Technologies Group Company Profile

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.