Morgan Stanley Lowers Shoals Technologies Group (NASDAQ:SHLS) Price Target to $8.50

Shoals Technologies Group (NASDAQ:SHLS) had its price objective dropped by stock analysts at Morgan Stanley from $9.50 to $8.50 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 33.86% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings restated a “hold (c)” rating on shares of Shoals Technologies Group in a report on Friday, January 9th. Wells Fargo & Company dropped their target price on shares of Shoals Technologies Group from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Roth Mkm cut their price target on shares of Shoals Technologies Group from $15.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday. Needham & Company LLC lowered their price objective on shares of Shoals Technologies Group from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Guggenheim dropped their price objective 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. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Shoals Technologies Group has a consensus rating of “Moderate Buy” and an average target price of $9.71.

Shoals Technologies Group Stock Performance

Shares of SHLS opened at $6.35 on Wednesday. The company has a current ratio of 2.03, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23. The firm has a market cap of $1.06 billion, a PE ratio of 31.75, a P/E/G ratio of 0.58 and a beta of 1.70. Shoals Technologies Group has a 12 month low of $2.71 and a 12 month high of $11.36. The stock has a fifty day moving average price of $9.33 and a 200-day moving average price of $8.49.

Shoals Technologies Group (NASDAQ:SHLS) last announced its earnings results on Tuesday, February 24th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $144.52 million. During the same period in the prior year, the company earned $0.08 earnings per share. The company’s quarterly revenue was up 38.6% on a year-over-year basis. Equities research analysts predict that Shoals Technologies Group will post 0.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Dominic Bardos sold 4,170 shares of the company’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $7.83, for a total value of $32,651.10. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.67% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its position in Shoals Technologies Group by 292.5% during the first quarter. Royal Bank of Canada now owns 106,531 shares of the company’s stock valued at $353,000 after purchasing an additional 79,392 shares during the period. AQR Capital Management LLC raised its stake in shares of Shoals Technologies Group by 184.7% during the 1st quarter. AQR Capital Management LLC now owns 922,358 shares of the company’s stock valued at $2,975,000 after buying an additional 598,407 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Shoals Technologies Group during the 1st quarter valued at about $57,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Shoals Technologies Group by 8.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 517,507 shares of the company’s stock valued at $1,718,000 after buying an additional 38,983 shares during the period. Finally, CWM LLC boosted its stake in shares of Shoals Technologies Group by 73.0% in the second quarter. CWM LLC now owns 39,206 shares of the company’s stock worth $167,000 after buying an additional 16,545 shares during the last quarter.

Key Shoals Technologies Group News

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.