Shoals Technologies Group (NASDAQ:SHLS) Upgraded at BNP Paribas Exane

Shoals Technologies Group (NASDAQ:SHLS) was upgraded by equities research analysts at BNP Paribas Exane from an “underperform” rating to a “neutral” rating in a note issued to investors on Wednesday. The brokerage presently has a $9.00 target price on the stock. BNP Paribas Exane’s price target would indicate a potential upside of 31.58% from the company’s current price.

Several other research firms have also weighed in on SHLS. Guggenheim increased their target price on shares of Shoals Technologies Group from $8.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Shoals Technologies Group in a research note on Friday, January 9th. Roth Mkm reissued a “buy” rating on shares of Shoals Technologies Group in a research note on Tuesday. Zacks Research cut Shoals Technologies Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Finally, Wells Fargo & Company increased their target price on Shoals Technologies Group from $6.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. Eleven research 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 has a consensus rating of “Moderate Buy” and a consensus target price of $9.73.

Shoals Technologies Group Trading Down 30.9%

NASDAQ:SHLS opened at $6.84 on Wednesday. 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 1-year low of $2.71 and a 1-year high of $11.36. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 34.20, a PEG ratio of 0.84 and a beta of 1.70. The business’s 50-day moving average price is $9.41 and its two-hundred day moving average price is $8.52.

Shoals Technologies Group (NASDAQ:SHLS) last posted 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). The company had revenue of $148.33 million for the quarter, compared to analyst estimates of $144.52 million. Shoals Technologies Group had a return on equity of 8.50% and a net margin of 7.66%.Shoals Technologies Group’s quarterly revenue was up 38.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.08 earnings per share. On average, equities analysts expect that Shoals Technologies Group will post 0.29 earnings per share for the current year.

Insider Activity at Shoals Technologies Group

In other news, CFO Dominic Bardos sold 4,170 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $7.83, for a total transaction of $32,651.10. Following the transaction, the chief financial officer directly owned 412,289 shares in the company, valued at $3,228,222.87. The trade was 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. 0.52% of the stock is currently owned by company insiders.

Institutional Trading of Shoals Technologies Group

Several institutional investors and hedge funds have recently bought and sold shares of SHLS. Dynamic Technology Lab Private Ltd boosted its position in Shoals Technologies Group by 815.6% during the second quarter. Dynamic Technology Lab Private Ltd now owns 157,946 shares of the company’s stock worth $671,000 after purchasing an additional 140,696 shares during the period. Ruffer LLP bought a new position in shares of Shoals Technologies Group in the third quarter valued at about $2,735,000. Financial Enhancement Group LLC acquired a new stake in shares of Shoals Technologies Group during the 3rd quarter worth about $832,000. American Century Companies Inc. grew its stake in Shoals Technologies Group by 128.3% in the 2nd quarter. American Century Companies Inc. now owns 2,754,266 shares of the company’s stock valued at $11,706,000 after buying an additional 1,548,094 shares during the last quarter. Finally, Great Lakes Advisors LLC acquired a new position in Shoals Technologies Group in the 3rd quarter valued at about $1,546,000.

Shoals Technologies Group News Summary

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

• Positive Sentiment: Record revenue and backlog: Q4 revenue was $148.3M (+39% YoY) and backlog & awarded orders totaled $747.6M, supporting multi-quarter revenue visibility. Shoals Q4 Results (GlobeNewswire)
• Positive Sentiment: 2026 growth outlook: Management guided FY2026 revenue $560M–$600M and adjusted EBITDA $110M–$130M, and Q1 revenue $125M–$135M (above consensus), giving investors a clear growth target for the year. Shoals targets $560M–$600M 2026 revenue (MSN)
• Positive Sentiment: New commercial win / product expansion: Shoals and ON.energy will deploy critical‑power systems for a major AI data‑center operator — expands TAM exposure beyond utility solar into data-center/BESS use cases. Shoals & ON.energy deployment (Yahoo)
• Neutral Sentiment: Company corrected a mistaken earlier press release line that implied changes to order patterns and suspension of guidance — the correction restores reporting continuity but highlights execution/communications risk. Corrected press release (GlobeNewswire)
• Neutral Sentiment: Adjusted EBITDA and adjusted metrics improved year-over-year (Q4 adjusted EBITDA $30.3M; FY2025 adjusted EBITDA ~$99.5M), but non‑GAAP adjustments matter for comparability. Quiver summary
• Negative Sentiment: Earnings miss on EPS: Reported EPS $0.10 vs. consensus ~$0.14, which, despite strong revenue, disappointed expectations and pressured shares. Earnings miss (Zacks)
• Negative Sentiment: Margin compression and rising costs: Gross margin fell to 31.6% (from 37.6%) due to higher material costs, duties/tariffs and litigation-related expenses; G&A rose materially for legal/professional fees. Tariff and margin analysis (Seeking Alpha)
• Negative Sentiment: Q1 EBITDA outlook and slowdown concerns: Several outlets flagged Q1 adjusted EBITDA guidance below expectations, which has raised near‑term growth/profitability concerns and weighed on investor sentiment. Q1 outlook concerns (Seeking Alpha)

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.