Trium Capital LLP Takes $649,000 Position in Shoals Technologies Group, Inc. $SHLS

Trium Capital LLP purchased a new position in shares of Shoals Technologies Group, Inc. (NASDAQ:SHLS) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 87,619 shares of the company’s stock, valued at approximately $649,000.

A number of other large investors have also recently added to or reduced their stakes in SHLS. Canada Pension Plan Investment Board grew its position in Shoals Technologies Group by 13.0% in the second quarter. Canada Pension Plan Investment Board now owns 20,200 shares of the company’s stock worth $86,000 after acquiring an additional 2,316 shares during the period. AE Wealth Management LLC raised its position in Shoals Technologies Group by 8.6% in the second quarter. AE Wealth Management LLC now owns 34,568 shares of the company’s stock valued at $147,000 after purchasing an additional 2,743 shares during the period. Legal & General Group Plc lifted its stake in shares of Shoals Technologies Group by 1.9% in the 2nd quarter. Legal & General Group Plc now owns 195,828 shares of the company’s stock valued at $832,000 after purchasing an additional 3,601 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Shoals Technologies Group by 43.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,569 shares of the company’s stock worth $62,000 after purchasing an additional 4,412 shares during the period. Finally, Pallas Capital Advisors LLC increased its position in shares of Shoals Technologies Group by 27.7% during the 2nd quarter. Pallas Capital Advisors LLC now owns 24,517 shares of the company’s stock worth $104,000 after purchasing an additional 5,320 shares during the last quarter.

Shoals Technologies Group Trading Down 0.3%

Shares of SHLS stock opened at $9.09 on Friday. Shoals Technologies Group, Inc. has a fifty-two week low of $2.71 and a fifty-two week high of $11.36. The company has a 50 day moving average price of $8.94 and a 200 day moving average price of $7.24. The stock has a market capitalization of $1.52 billion, a P/E ratio of 45.43, a price-to-earnings-growth ratio of 1.14 and a beta of 1.71. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.53 and a current ratio of 2.19.

Shoals Technologies Group (NASDAQ:SHLS) last released its earnings results on Tuesday, November 4th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.12. The company had revenue of $135.80 million for the quarter, compared to analyst estimates of $131.37 million. Shoals Technologies Group had a net margin of 7.66% and a return on equity of 8.50%. Equities research analysts predict that Shoals Technologies Group, Inc. will post 0.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Jefferies Financial Group upped their target price on shares of Shoals Technologies Group from $6.00 to $9.00 and gave the company a “buy” rating in a research report on Monday, September 8th. Roth Capital restated a “buy” rating and issued a $15.00 price objective (up from $10.00) on shares of Shoals Technologies Group in a report on Wednesday, November 5th. The Goldman Sachs Group increased their price objective on shares of Shoals Technologies Group from $8.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Zacks Research lowered Shoals Technologies Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Finally, Needham & Company LLC began coverage on Shoals Technologies Group in a research note on Wednesday, October 22nd. They set a “buy” rating and a $12.00 price target on the stock. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.76.

Insider Activity

In related news, CFO Dominic Bardos sold 4,170 shares of Shoals Technologies Group stock in a transaction 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 transaction, the chief financial officer directly owned 412,289 shares in the company, valued at approximately $3,228,222.87. This trade represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.67% of the company’s stock.

Shoals Technologies Group 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.