Handelsbanken Fonder AB Boosts Holdings in Shoals Technologies Group, Inc. $SHLS

Handelsbanken Fonder AB lifted its holdings in Shoals Technologies Group, Inc. (NASDAQ:SHLS) by 26.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,851,142 shares of the company’s stock after acquiring an additional 591,597 shares during the quarter. Handelsbanken Fonder AB owned 1.70% of Shoals Technologies Group worth $21,127,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its stake in Shoals Technologies Group by 449.1% in 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 last quarter. State of Alaska Department of Revenue bought a new position in shares of Shoals Technologies Group during the third quarter valued at about $54,000. Savant Capital LLC purchased a new position in shares of Shoals Technologies Group in the second quarter worth about $50,000. Ethic Inc. bought a new stake in shares of Shoals Technologies Group in the 2nd quarter valued at about $54,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Shoals Technologies Group by 468.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 15,519 shares of the company’s stock valued at $66,000 after acquiring an additional 12,788 shares during the last quarter.

Insider Activity

In related news, CFO Dominic Bardos sold 4,170 shares of the stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $7.83, for a total value of $32,651.10. Following the completion of the transaction, the chief financial officer directly owned 412,289 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at this link. 1.67% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SHLS. Guggenheim reduced 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. The Goldman Sachs Group restated a “buy” rating on shares of Shoals Technologies Group in a report on Monday, February 9th. Barclays decreased their target price on shares of Shoals Technologies Group from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Wednesday. TD Cowen reissued a “buy” rating on shares of Shoals Technologies Group in a research report on Tuesday. Finally, BNP Paribas Exane raised shares of Shoals Technologies Group from an “underperform” rating to a “neutral” rating and set a $9.00 price target on the stock in a report on Wednesday. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.71.

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 Price Performance

Shares of Shoals Technologies Group stock opened at $5.93 on Friday. The business has a 50 day moving average of $9.27 and a 200 day moving average of $8.53. Shoals Technologies Group, Inc. has a 52 week low of $2.71 and a 52 week high of $11.36. The company has a market cap of $992.62 million, a PE ratio of 29.65, a P/E/G ratio of 0.50 and a beta of 1.70. 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 issued its quarterly earnings data 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). Shoals Technologies Group had a net margin of 7.06% and a return on equity of 9.10%. 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 previous year, the firm posted $0.08 earnings per share. The firm’s revenue for the quarter was up 38.6% compared to the same quarter last year. As a group, equities research analysts forecast that Shoals Technologies Group, Inc. will post 0.29 earnings per share for the current year.

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.