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

Shoals Technologies Group (NASDAQ:SHLS) had its target price reduced by Barclays from $10.00 to $9.00 in a report issued on Wednesday,Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Morgan Stanley reduced their target price on shares of Shoals Technologies Group from $9.50 to $8.50 and set an “equal weight” rating for the company in a research report on Wednesday. Guggenheim cut their price objective on shares of Shoals Technologies Group from $12.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday. TD Cowen reissued a “buy” rating on shares of Shoals Technologies Group in a research note on Tuesday. UBS Group upped their price target on Shoals Technologies Group from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Shoals Technologies Group in a report on Monday, February 9th. Ten research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $9.71.

Shoals Technologies Group Stock Performance

NASDAQ:SHLS opened at $5.93 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 2.03. The stock has a market capitalization of $992.61 million, a PE ratio of 29.65, a P/E/G ratio of 0.53 and a beta of 1.70. Shoals Technologies Group has a fifty-two week low of $2.71 and a fifty-two week high of $11.36. The company has a fifty day moving average of $9.27 and a two-hundred day moving average of $8.50.

Shoals Technologies Group (NASDAQ:SHLS) last released its earnings results on Tuesday, February 24th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). Shoals Technologies Group had a return on equity of 9.10% and a net margin of 7.06%.The company had revenue of $148.33 million for the quarter, compared to analysts’ expectations of $144.52 million. During the same period in the prior year, the firm earned $0.08 EPS. The firm’s revenue for the quarter was up 38.6% on a year-over-year basis. As a group, research analysts forecast that Shoals Technologies Group will post 0.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 value of $32,651.10. Following the sale, 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 document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.67% of the company’s stock.

Institutional Investors Weigh In On Shoals Technologies Group

A number of institutional investors have recently modified their holdings of SHLS. GAMMA Investing LLC raised its holdings in shares of Shoals Technologies Group by 57.7% in the 4th quarter. GAMMA Investing LLC now owns 3,756 shares of the company’s stock valued at $32,000 after buying an additional 1,375 shares during the period. USA Financial Formulas acquired a new position in Shoals Technologies Group in the 4th quarter valued at about $49,000. Nisa Investment Advisors LLC increased its stake in Shoals Technologies Group by 449.1% during the second quarter. Nisa Investment Advisors LLC now owns 7,226 shares of the company’s stock worth $31,000 after purchasing 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 third quarter worth about $54,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Shoals Technologies Group during the fourth quarter worth about $85,000.

Key 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.

About Shoals Technologies Group

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.