Brokers Offer Predictions for SHLS FY2025 Earnings

Shoals Technologies Group, Inc. (NASDAQ:SHLS) – Equities research analysts at Cantor Fitzgerald issued their FY2025 EPS estimates for Shoals Technologies Group in a research note issued on Tuesday, January 21st. Cantor Fitzgerald analyst D. Soderberg expects that the company will post earnings per share of $0.33 for the year. The consensus estimate for Shoals Technologies Group’s current full-year earnings is $0.29 per share.

Several other research analysts have also recently weighed in on the stock. Bank of America initiated coverage on shares of Shoals Technologies Group in a report on Monday, November 25th. They set a “buy” rating and a $6.00 price target on the stock. Barclays cut their target price on Shoals Technologies Group from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. TD Cowen increased their price target on Shoals Technologies Group from $9.50 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Wells Fargo & Company began coverage on Shoals Technologies Group in a research report on Monday, October 14th. They issued an “equal weight” rating and a $46.00 price objective on the stock. Finally, The Goldman Sachs Group decreased their target price on Shoals Technologies Group from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $9.93.

Shoals Technologies Group Stock Performance

NASDAQ SHLS opened at $4.67 on Wednesday. The company has a fifty day moving average price of $5.05 and a 200-day moving average price of $5.49. The firm has a market cap of $778.49 million, a price-to-earnings ratio of 23.35, a PEG ratio of 0.54 and a beta of 1.64. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.08 and a quick ratio of 1.36. Shoals Technologies Group has a 1 year low of $4.07 and a 1 year high of $17.50.

Shoals Technologies Group (NASDAQ:SHLS) last announced its earnings results on Tuesday, November 12th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $102.20 million for the quarter, compared to analysts’ expectations of $98.86 million. Shoals Technologies Group had a net margin of 7.78% and a return on equity of 9.83%. The firm’s quarterly revenue was down 23.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 EPS.

Institutional Investors Weigh In On Shoals Technologies Group

Large investors have recently added to or reduced their stakes in the business. Skandinaviska Enskilda Banken AB publ increased its stake in Shoals Technologies Group by 146.9% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 157,000 shares of the company’s stock worth $980,000 after acquiring an additional 93,400 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Shoals Technologies Group by 14.6% in the third quarter. Wellington Management Group LLP now owns 13,107,404 shares of the company’s stock worth $73,533,000 after purchasing an additional 1,666,691 shares during the last quarter. Point72 Europe London LLP purchased a new stake in Shoals Technologies Group in the third quarter valued at approximately $1,461,000. Handelsbanken Fonder AB lifted its position in Shoals Technologies Group by 34.2% during the third quarter. Handelsbanken Fonder AB now owns 2,711,603 shares of the company’s stock valued at $15,212,000 after purchasing an additional 690,344 shares during the last quarter. Finally, Erste Asset Management GmbH purchased a new position in Shoals Technologies Group in the 3rd quarter worth approximately $20,191,000.

Insider Buying and Selling

In other news, CEO Brandon Moss purchased 22,300 shares of Shoals Technologies Group stock in a transaction dated Thursday, November 21st. The stock was purchased at an average cost of $4.55 per share, for a total transaction of $101,465.00. Following the transaction, the chief executive officer now directly owns 593,700 shares of the company’s stock, valued at approximately $2,701,335. This trade represents a 3.90 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 6,460 shares of company stock valued at $30,271. Corporate insiders own 1.67% of the company’s stock.

About Shoals Technologies Group

Shoals Technologies Group, Inc provides electrical balance of system (EBOS) solutions and components for solar, battery energy, and electric vehicle (EV) charging applications in the United States and internationally. The company designs, manufactures, and sells system solutions for both homerun and combine-as-you-go wiring architectures, as well as offers technical support services.