Wells Fargo & Company Has Lowered Expectations for Shoals Technologies Group (NASDAQ:SHLS) Stock Price

Shoals Technologies Group (NASDAQ:SHLS) had its target price reduced by investment analysts at Wells Fargo & Company from $10.00 to $9.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 41.73% from the company’s previous close.

Several other equities analysts also recently commented on the company. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Shoals Technologies Group in a research report on Monday, February 9th. UBS Group boosted their target price on shares of Shoals Technologies Group from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Guggenheim cut their price target on shares of Shoals Technologies Group from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday. BNP Paribas Exane upgraded shares of Shoals Technologies Group from an “underperform” rating to a “neutral” rating and set a $9.00 price objective for the company in a report on Wednesday. Finally, TD Cowen reissued a “buy” rating on shares of Shoals Technologies Group in a research report on Tuesday. Ten equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Shoals Technologies Group has an average rating of “Moderate Buy” and a consensus target price of $9.71.

Shoals Technologies Group Stock Performance

Shoals Technologies Group stock opened at $6.35 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.03 and a quick ratio of 1.53. The firm has a market capitalization of $1.06 billion, a P/E ratio of 31.75, a price-to-earnings-growth ratio of 0.58 and a beta of 1.70. Shoals Technologies Group has a 1-year low of $2.71 and a 1-year high of $11.36. The company’s 50-day moving average is $9.33 and its 200 day moving average is $8.49.

Shoals Technologies Group (NASDAQ:SHLS) last released its earnings results on Tuesday, February 24th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). Shoals Technologies Group had a net margin of 7.06% and a return on equity of 9.10%. The business had revenue of $148.33 million for the quarter, compared to the consensus estimate of $144.52 million. During the same period in the prior year, the company posted $0.08 EPS. The company’s quarterly revenue was up 38.6% compared to the same quarter last year. Research analysts forecast that Shoals Technologies Group will post 0.29 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Dominic Bardos sold 4,170 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were 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 directly owned 412,289 shares of the company’s stock, valued at $3,228,222.87. This represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.67% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Shoals Technologies Group

Several hedge funds have recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Shoals Technologies Group by 3.7% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 32,055 shares of the company’s stock valued at $274,000 after purchasing an additional 1,147 shares in the last quarter. GAMMA Investing LLC lifted its holdings 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 buying an additional 1,375 shares during the period. Bank of Montreal Can lifted its holdings in Shoals Technologies Group by 5.1% during the fourth quarter. Bank of Montreal Can now owns 33,510 shares of the company’s stock worth $285,000 after buying an additional 1,620 shares during the period. Federated Hermes Inc. boosted its position in Shoals Technologies Group by 1.1% during the 4th quarter. Federated Hermes Inc. now owns 165,278 shares of the company’s stock valued at $1,405,000 after acquiring an additional 1,812 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Shoals Technologies Group by 14.1% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 16,616 shares of the company’s stock valued at $123,000 after acquiring an additional 2,047 shares during the period.

Trending Headlines about 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.