Shoals Technologies Group (NASDAQ:SHLS) Given New $11.00 Price Target at UBS Group

Shoals Technologies Group (NASDAQ:SHLS) had its price target cut by stock analysts at UBS Group from $12.00 to $11.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s target price would indicate a potential upside of 60.89% from the company’s current price.

SHLS has been the subject of a number of other research reports. BNP Paribas Exane raised 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. Needham & Company LLC lowered 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. Roth Mkm reduced their price objective 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. Jefferies Financial Group reiterated a “buy” rating and set a $10.00 price target on shares of Shoals Technologies Group in a research report on Wednesday. Finally, Morgan Stanley decreased their price target on shares of Shoals Technologies Group from $9.50 to $8.50 and set an “equal weight” rating on the stock in a research note on Wednesday. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Shoals Technologies Group has an average rating of “Moderate Buy” and an average target price of $9.27.

Shoals Technologies Group Trading Down 0.0%

SHLS stock traded down $0.00 during midday trading on Wednesday, reaching $6.84. The company’s stock had a trading volume of 9,552,265 shares, compared to its average volume of 4,689,854. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.53 and a current ratio of 2.19. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 34.08, a PEG ratio of 0.84 and a beta of 1.70. The stock has a fifty day simple moving average of $9.41 and a two-hundred day simple moving average of $8.52. Shoals Technologies Group has a 1 year low of $2.71 and a 1 year high of $11.36.

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). Shoals Technologies Group had a return on equity of 8.50% and a net margin of 7.66%.The business had revenue of $148.33 million during the quarter, compared to analysts’ expectations of $144.52 million. During the same period in the previous year, the company posted $0.08 EPS. Shoals Technologies Group’s revenue for the quarter was up 38.6% on a year-over-year basis. On average, equities research analysts predict that Shoals Technologies Group will post 0.29 EPS for the current year.

Insider Activity

In related news, CFO Dominic Bardos sold 4,170 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $7.83, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On Shoals Technologies Group

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Shoals Technologies Group by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 13,594,139 shares of the company’s stock worth $115,550,000 after acquiring an additional 404,133 shares during the period. Encompass Capital Advisors LLC purchased a new position in shares of Shoals Technologies Group in the 2nd quarter valued at about $56,120,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Shoals Technologies Group by 151.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,753,784 shares of the company’s stock valued at $108,410,000 after purchasing an additional 7,685,515 shares in the last quarter. Peconic Partners LLC lifted its stake in shares of Shoals Technologies Group by 79.8% in the second quarter. Peconic Partners LLC now owns 6,975,186 shares of the company’s stock valued at $29,645,000 after purchasing an additional 3,095,186 shares during the period. Finally, First Trust Advisors LP boosted its holdings 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 worth $53,819,000 after buying an additional 5,934,223 shares in the last quarter.

Shoals Technologies Group News Summary

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

• Positive Sentiment: Record top‑line growth and strong backlog — Shoals reported Q4 revenue of $148.3M (+39% y/y) and a record backlog & awarded orders of $747.6M, and provided FY‑2026 revenue guidance of $560–$600M and adjusted EBITDA guidance of $110–$130M, which supports medium‑term growth expectations. Corrected Press Release
• Positive Sentiment: Company clarification limits uncertainty — Management issued a corrected press release saying earlier language about suspending guidance was an error and that quarterly guidance will continue, removing one source of investor confusion. Corrected Press Release (Clarification)
• Positive Sentiment: Product diversification / new wins — Shoals announced a deployment tie‑up (ON.energy) for critical‑power systems to an AI data‑center operator and highlighted BESS order contribution, indicating product diversification beyond utility solar. Deployment for AI Data‑Center Operator
• Neutral Sentiment: Q1 revenue guide above consensus but profitability guide mixed — Shoals gave Q1 revenue guidance ($125–$135M) above consensus, but investors focused on adjusted EBITDA guidance and near‑term profitability dynamics; that mixed message left the reaction ambiguous. Q4 Release (Guidance)
• Negative Sentiment: EPS missed expectations — Shoals reported adjusted EPS of $0.10 vs. consensus ~$0.14, which triggered near‑term selling pressure despite revenue beat. Zacks: Earnings Miss
• Negative Sentiment: Margins under pressure from tariffs, material costs and litigation — Gross margin fell ~600bps y/y (to 31.6% in Q4) and legal/professional costs rose materially (wire‑insulation and IP litigation), weighing on adjusted EBITDA and investor sentiment. Seeking Alpha: Tariff & Margin Review
• Negative Sentiment: Multiple same‑day analyst price‑target cuts — Several firms trimmed targets (Barclays, RBC, Morgan Stanley, Wells Fargo, Guggenheim, Needham) which increases selling pressure; some kept positive ratings but lowered PTs. TickerReport: Barclays Cut Benzinga: Analyst Notes
• Negative Sentiment: Near‑term market reaction — Media and analyst commentary highlighted the EPS miss, margin pressure and EBITDA outlook, and several headlines noted double‑digit share declines after the print, explaining the intra‑day weakness. MSN: Shares Drop After Earnings

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.