Handelsbanken Fonder AB Grows Position in Shoals Technologies Group, Inc. $SHLS

Handelsbanken Fonder AB lifted its position in shares of Shoals Technologies Group, Inc. (NASDAQ:SHLS) by 26.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,851,142 shares of the company’s stock after acquiring an additional 591,597 shares during the period. Handelsbanken Fonder AB’s holdings in Shoals Technologies Group were worth $21,127,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Encompass Capital Advisors LLC purchased a new position in Shoals Technologies Group during the second quarter valued at $56,120,000. Peconic Partners LLC increased its stake in shares of Shoals Technologies Group by 79.8% in the 2nd quarter. Peconic Partners LLC now owns 6,975,186 shares of the company’s stock worth $29,645,000 after acquiring an additional 3,095,186 shares in the last quarter. Electron Capital Partners LLC lifted its position in Shoals Technologies Group by 1,716.1% during the 2nd quarter. Electron Capital Partners LLC now owns 1,976,633 shares of the company’s stock valued at $8,401,000 after acquiring an additional 1,867,795 shares during the period. Schroder Investment Management Group purchased a new position in Shoals Technologies Group during the 2nd quarter valued at about $7,917,000. Finally, American Century Companies Inc. boosted its stake in Shoals Technologies Group by 128.3% during the second quarter. American Century Companies Inc. now owns 2,754,266 shares of the company’s stock worth $11,706,000 after acquiring an additional 1,548,094 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SHLS shares. TD Cowen reaffirmed a “buy” rating on shares of Shoals Technologies Group in a research note on Tuesday. UBS Group cut their price target on Shoals Technologies Group from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday. Royal Bank Of Canada lowered their price objective on Shoals Technologies Group from $10.00 to $9.00 and set an “outperform” rating for the company in a research note on Wednesday. Morgan Stanley dropped their target price on Shoals Technologies Group from $9.50 to $8.50 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company cut their target price on Shoals Technologies Group from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Ten equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Shoals Technologies Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.71.

Shoals Technologies Group Price Performance

Shares of SHLS opened at $5.93 on Friday. Shoals Technologies Group, Inc. has a twelve month low of $2.71 and a twelve month high of $11.36. The company has a market capitalization of $992.62 million, a P/E ratio of 29.65, a price-to-earnings-growth ratio of 0.50 and a beta of 1.70. The firm has a 50 day moving average of $9.27 and a 200 day moving average of $8.53. The company has a quick ratio of 1.53, a current ratio of 2.03 and a debt-to-equity ratio of 0.23.

Shoals Technologies Group (NASDAQ:SHLS) last released its quarterly earnings data 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 business had revenue of $148.33 million during the quarter, compared to the consensus estimate of $144.52 million. Shoals Technologies Group had a net margin of 7.06% and a return on equity of 9.10%. The business’s revenue was up 38.6% compared to the same quarter last year. During the same period last year, the company posted $0.08 earnings per share. As a group, equities research analysts anticipate that Shoals Technologies Group, Inc. will post 0.29 earnings per share for the current fiscal 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 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.67% of the stock is currently owned by insiders.

More Shoals Technologies Group News

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

• Positive Sentiment: Shoals announced a deployment of critical power systems with ON.energy for a leading AI data‑center operator — a diversification into high-margin, non-solar infrastructure demand that supports longer-term revenue visibility. Shoals Technologies Group and ON.energy to deploy critical power systems for leading AI data center operator
• Positive Sentiment: Shoals reported record Q4 revenue of $148M (up ~38.6% YoY) and full‑year revenue growth of ~19%, showing demand for its balance‑of‑systems products remains strong even as margins are pressured. Shoals reports record $148 million Q4 revenue, full-year growth of 19%
• Neutral Sentiment: Analyst coverage shifted toward neutral/hold: BNP Paribas Exane raised Shoals to “Neutral,” and Benzinga summarized broader analyst expectations — the coverage signals caution rather than conviction. Shoals Technologies Group (NASDAQ:SHLS) Raised to “Neutral” at BNP Paribas Exane
• Neutral Sentiment: Morgan Stanley and Barclays issued new price targets ($8.50 and $9.00 respectively), providing upside from the current level but maintaining cautious stances. These anchor expectations but are not outright buys. Shoals Technologies Group (NASDAQ:SHLS) Given New $8.50 Price Target at Morgan Stanley
• Negative Sentiment: Citigroup trimmed its price target from $11.00 to $8.50 and kept a neutral rating — a downgrade in valuation that puts near‑term upside expectations lower and can pressure the stock. Benzinga
• Negative Sentiment: Shoals posted an EPS miss (reported $0.10 vs. $0.14 expected) and shares gapped down after the print; investors are focused on margin pressure and whether profitability will reaccelerate. Shoals Technologies Group (NASDAQ:SHLS) Shares Gap Down Following Weak Earnings
• Negative Sentiment: Broader solar sector headwinds—tariffs, shifting federal energy policy and softer-than-expected demand—are weighing on investor sentiment for suppliers like Shoals. This sector narrative is amplifying the stock’s decline. Solar Stocks Crashed This Week. Why the Problems Could Last.

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.