Barclays Cuts Shoals Technologies Group (NASDAQ:SHLS) Price Target to $9.00

Shoals Technologies Group (NASDAQ:SHLS) had its price objective lowered by Barclays from $10.00 to $9.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 30.34% from the company’s current price.

Several other equities research analysts also recently issued reports on SHLS. The Goldman Sachs Group reissued a “buy” rating on shares of Shoals Technologies Group in a research note on Monday, February 9th. TD Cowen restated a “buy” rating on shares of Shoals Technologies Group in a research note on Tuesday. 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. UBS Group upped 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. Finally, Zacks Research cut Shoals Technologies Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Shoals Technologies Group has an average rating of “Moderate Buy” and a consensus target price of $9.27.

Shoals Technologies Group Price Performance

NASDAQ:SHLS traded up $0.07 during midday trading on Wednesday, hitting $6.91. 4,640,354 shares of the stock were exchanged, compared to its average volume of 4,571,063. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 34.63, a P/E/G ratio of 0.84 and a beta of 1.70. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.21. Shoals Technologies Group has a one year low of $2.71 and a one year high of $11.36. The business has a 50-day moving average price of $9.41 and a two-hundred day moving average price of $8.52.

Shoals Technologies Group (NASDAQ:SHLS) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). The business had revenue of $148.33 million during the quarter, compared to analyst estimates of $144.52 million. Shoals Technologies Group had a net margin of 7.66% and a return on equity of 8.50%. Shoals Technologies Group’s revenue was up 38.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 earnings per share. Sell-side analysts predict that Shoals Technologies Group will post 0.29 EPS for the current year.

Insider Buying and Selling

In other Shoals Technologies Group news, CFO Dominic Bardos sold 4,170 shares of the business’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 transaction of $32,651.10. Following the transaction, the chief financial officer owned 412,289 shares of the company’s stock, valued at $3,228,222.87. The trade was a 1.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SHLS. GAMMA Investing LLC lifted its holdings in Shoals Technologies Group by 57.7% during the 4th quarter. GAMMA Investing LLC now owns 3,756 shares of the company’s stock worth $32,000 after purchasing an additional 1,375 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of Shoals Technologies Group in the fourth quarter valued at approximately $49,000. Nisa Investment Advisors LLC increased its stake in 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 acquiring an additional 5,910 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Shoals Technologies Group during the 3rd quarter worth $54,000. Finally, CIBC Asset Management Inc bought a new position in shares of Shoals Technologies Group in the fourth quarter worth $85,000.

Key Stories Impacting Shoals Technologies Group

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

• Positive Sentiment: Record Q4 results, large backlog and formal guidance — Shoals reported record Q4 revenue ($148.3M), a record backlog/awarded orders (~$747.6M) and gave 2026 guidance of $560M–$600M revenue with $110M–$130M adjusted EBITDA, which supports future growth expectations. CORRECTED PRESS RELEASE: Shoals Technologies Group, Inc. Reports Financial Results for Fourth Quarter 2025
• Positive Sentiment: Analyst upgrade from BNP Paribas Exane — BNP Paribas upgraded Shoals from underperform to neutral and set a $9 price target, a signal that at least one shop sees valuation upside. BNP Paribas Exane Upgrades Shoals Technologies Group (SHLS) to Neutral
• Neutral Sentiment: Some sell‑side support remains despite lower targets — Needham and Guggenheim trimmed price targets (Needham $14→$12; Guggenheim $12→$11) but kept buy/buy-like ratings, leaving sizable upside per those shops. Benzinga
• Neutral Sentiment: New commercial wins/partnerships — Shoals announced deployments with ON.energy for critical‑power systems for an AI data‑center operator, showing product diversification beyond utility solar. Shoals Technologies Group and ON.energy to Deploy Critical-Power Systems for Leading AI Data-Center Operator
• Negative Sentiment: Q4 EPS missed estimates — Shoals reported $0.10 EPS vs. a $0.14 consensus, which trimmed near‑term sentiment despite top‑line growth. Shoals Technologies Group (SHLS) Lags Q4 Earnings Estimates
• Negative Sentiment: Margin pressure, tariffs and litigation hit profitability — Analysts highlighted a ~600bp gross‑margin decline (tariffs, higher material costs) plus elevated litigation/professional fees; Seeking Alpha and other outlets flagged that EBITDA/guidance concerns sparked a sharp share pullback after the release. Shoals Technologies declines as Q1 outlook signals sharp slowdown
• Negative Sentiment: Multiple analyst price‑target trims — RBC, Morgan Stanley and Wells Fargo reduced targets (RBC $10→$9, Morgan Stanley $9.5→$8.5, Wells $10→$9) and/or lowered stance, which can amplify selling pressure even if some firms remain constructive. Benzinga

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.