Shoals Technologies Group (NASDAQ:SHLS) Given New $8.50 Price Target at Citigroup

Shoals Technologies Group (NASDAQ:SHLS) had its price objective lowered by Citigroup from $11.00 to $8.50 in a report published on Thursday,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities research analysts have also recently issued reports on SHLS. TD Cowen reiterated a “buy” rating on shares of Shoals Technologies Group in a research report on Tuesday. Zacks Research downgraded shares of Shoals Technologies Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Guggenheim cut their price objective on Shoals Technologies Group from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday. Morgan Stanley decreased their target price on Shoals Technologies Group from $9.50 to $8.50 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Shoals Technologies Group in a research note on Friday, January 9th. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $9.71.

Shoals Technologies Group Price Performance

Shares of Shoals Technologies Group stock opened at $6.35 on Thursday. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 31.75, a PEG ratio of 0.58 and a beta of 1.70. The company has a quick ratio of 1.53, a current ratio of 2.03 and a debt-to-equity ratio of 0.23. The stock’s 50-day simple moving average is $9.33 and its 200-day simple moving average is $8.49. 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 released 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 return on equity of 9.10% and a net margin of 7.06%.The business had revenue of $148.33 million for the quarter, compared to analysts’ expectations of $144.52 million. During the same quarter in the prior year, the business posted $0.08 EPS. The business’s revenue for the quarter was up 38.6% compared to the same quarter last year. As a group, analysts expect that Shoals Technologies Group will post 0.29 earnings per share for the current fiscal year.

Insider Transactions at Shoals Technologies Group

In other news, CFO Dominic Bardos sold 4,170 shares of the firm’s stock in a transaction that occurred 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 directly owned 412,289 shares of the company’s stock, valued at $3,228,222.87. This trade represents a 1.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.67% of the stock is currently owned by company insiders.

Institutional Trading of Shoals Technologies Group

A number of institutional investors have recently bought and sold shares of SHLS. GAMMA Investing LLC boosted 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 buying an additional 1,375 shares during the period. USA Financial Formulas bought a new stake in shares of Shoals Technologies Group in the 4th quarter worth about $49,000. Nisa Investment Advisors LLC boosted its stake 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 purchasing an additional 5,910 shares during the period. State of Alaska Department of Revenue purchased a new stake in Shoals Technologies Group in the 3rd quarter worth about $54,000. Finally, CIBC Asset Management Inc bought a new stake in Shoals Technologies Group in the fourth quarter worth about $85,000.

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

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.