Citigroup Issues Pessimistic Forecast for Shoals Technologies Group (NASDAQ:SHLS) Stock Price

Shoals Technologies Group (NASDAQ:SHLS) had its price objective cut by investment analysts at Citigroup from $11.00 to $8.50 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price target indicates a potential upside of 33.75% from the company’s current price.

A number of other brokerages have also issued reports on SHLS. Morgan Stanley decreased 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. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Shoals Technologies Group in a research note on Monday, February 9th. Wells Fargo & Company lowered their price objective on shares of Shoals Technologies Group from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Wednesday. UBS Group lowered their price target on Shoals Technologies Group from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, BNP Paribas Exane raised Shoals Technologies Group from an “underperform” rating to a “neutral” rating and set a $9.00 price objective on the stock in a research note on Wednesday. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.71.

Shoals Technologies Group Stock Performance

SHLS stock traded down $0.50 on Thursday, reaching $6.36. The company’s stock had a trading volume of 8,071,227 shares, compared to its average volume of 4,896,132. Shoals Technologies Group has a 52 week low of $2.71 and a 52 week high of $11.36. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.19 and a quick ratio of 1.53. The company has a market capitalization of $1.06 billion, a P/E ratio of 31.78, a price-to-earnings-growth ratio of 0.58 and a beta of 1.70. The firm has a fifty day moving average of $9.38 and a two-hundred day moving average of $8.51.

Shoals Technologies Group (NASDAQ:SHLS) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). The business 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 9.20% and a net margin of 7.06%.The company’s revenue was up 38.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.08 EPS. As a group, analysts predict that Shoals Technologies Group will post 0.29 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of Shoals Technologies Group

Several large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its stake in shares of Shoals Technologies Group by 292.5% in the 1st quarter. Royal Bank of Canada now owns 106,531 shares of the company’s stock valued at $353,000 after purchasing an additional 79,392 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Shoals Technologies Group by 184.7% in the first quarter. AQR Capital Management LLC now owns 922,358 shares of the company’s stock worth $2,975,000 after buying an additional 598,407 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Shoals Technologies Group during the 1st quarter worth about $57,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Shoals Technologies Group by 8.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 517,507 shares of the company’s stock valued at $1,718,000 after acquiring an additional 38,983 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of Shoals Technologies Group by 73.0% during the 2nd quarter. CWM LLC now owns 39,206 shares of the company’s stock valued at $167,000 after acquiring an additional 16,545 shares during the last quarter.

Key Stories Impacting Shoals Technologies Group

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

• Positive Sentiment: Record Q4 revenue, large backlog and explicit 2026 guidance — Shoals reported $148.3M in Q4, a record backlog/awarded orders of $747.6M and a 2026 revenue outlook of $560M–$600M (with adj. EBITDA guidance), which supports forward revenue visibility. CORRECTED PRESS RELEASE: Shoals Technologies Group, Inc. Reports Financial Results for Fourth Quarter 2025
• Positive Sentiment: New commercial win outside core solar market — Shoals and ON.energy will deploy critical‑power systems for a leading AI data‑center operator, signalling expansion into data‑center/BESS opportunities that could diversify revenue. Shoals Technologies Group and ON.energy to deploy critical power systems for leading AI data center operator
• Positive Sentiment: Short interest fell — short interest dropped ~14.5% in February, reducing near‑term short pressure and potential for short‑covering volatility.
• Neutral Sentiment: Analyst rating movement mixed — BNP Paribas upgraded SHLS from underperform to neutral with a $9 target (adds cover but not a buy call). BNP Paribas Exane Upgrades Shoals Technologies Group (SHLS) to Neutral
• Negative Sentiment: Q4 EPS miss and share reaction — Adjusted diluted EPS of $0.10 missed consensus (~$0.14), triggering an immediate sell‑off and headline “gap down” moves after results. Shoals Technologies Group (NASDAQ:SHLS) Shares Gap Down Following Weak Earnings
• Negative Sentiment: Multiple price‑target cuts — Several brokers trimmed targets (e.g., Morgan Stanley to $8.50 and Barclays to $9.00), signalling reduced near‑term analyst conviction and contributing to selling pressure. Shoals Technologies Group (NASDAQ:SHLS) Given New $8.50 Price Target at Morgan Stanley Shoals Technologies Group (NASDAQ:SHLS) Given New $9.00 Price Target at Barclays
• Negative Sentiment: Margin compression and higher legal/warranty costs — Gross margin fell to ~31.6% (from 37.6% y/y in the comparable quarter) and G&A rose due to litigation and warranty/legal matters, pressuring near‑term profitability. CORRECTED PRESS RELEASE: Shoals Technologies Group, Inc. Reports Financial Results for Fourth Quarter 2025

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.