Equities Analysts Set Expectations for SHLS FY2025 Earnings

Shoals Technologies Group, Inc. (NASDAQ:SHLS) – Investment analysts at Cantor Fitzgerald issued their FY2025 earnings per share estimates for Shoals Technologies Group in a research report 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.

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

A number of other research firms also recently commented on SHLS. Wells Fargo & Company began coverage on Shoals Technologies Group in a research note on Monday, October 14th. They issued an “equal weight” rating and a $46.00 price objective on the stock. JPMorgan Chase & Co. dropped their price target on shares of Shoals Technologies Group from $14.00 to $12.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Bank of America assumed coverage on shares of Shoals Technologies Group in a research report on Monday, November 25th. They set a “buy” rating and a $6.00 price objective for the company. TD Cowen increased their target price on shares of Shoals Technologies Group from $9.50 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Piper Sandler dropped their price target on Shoals Technologies Group from $10.00 to $8.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $10.08.

Shoals Technologies Group Price Performance

Shares of NASDAQ:SHLS opened at $4.62 on Wednesday. The stock has a market cap of $770.15 million, a price-to-earnings ratio of 23.10, 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 12 month low of $4.07 and a 12 month high of $17.50. The stock’s 50 day moving average price is $5.07 and its 200 day moving average price is $5.51.

Insider Buying and Selling

In other news, CEO Brandon Moss bought 22,300 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were bought at an average cost of $4.55 per share, with a total value of $101,465.00. Following the transaction, the chief executive officer now directly owns 593,700 shares in the company, valued at approximately $2,701,335. This trade represents a 3.90 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders sold 6,460 shares of company stock worth $30,271. Corporate insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Shoals Technologies Group

Several large investors have recently made changes to their positions in SHLS. FMR LLC lifted its stake in Shoals Technologies Group by 48.9% in the third quarter. FMR LLC now owns 5,806 shares of the company’s stock valued at $33,000 after acquiring an additional 1,906 shares during the last quarter. Empirical Asset Management LLC bought a new position in shares of Shoals Technologies Group during the 4th quarter valued at $59,000. TrinityPoint Wealth LLC acquired a new stake in shares of Shoals Technologies Group in the 3rd quarter valued at $60,000. Mackenzie Financial Corp bought a new stake in Shoals Technologies Group in the second quarter worth $64,000. Finally, American Trust acquired a new position in Shoals Technologies Group during the second quarter worth $68,000.

Shoals Technologies Group Company Profile

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.