Shoals Technologies Group (NASDAQ:SHLS) Price Target Cut to $8.50 by Analysts at Citigroup

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

Other research analysts have also recently issued reports about the stock. UBS Group reduced their price target on shares of Shoals Technologies Group from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday. Morgan Stanley reduced their target price on shares of Shoals Technologies Group from $9.50 to $8.50 and set an “equal weight” rating on the stock in a report on Wednesday. Zacks Research cut shares of Shoals Technologies Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. 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 report on Wednesday. Finally, Wells Fargo & Company decreased their target price on Shoals Technologies Group from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Wednesday. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.71.

Shoals Technologies Group Trading Down 7.2%

Shares of SHLS traded down $0.50 during trading hours on Thursday, hitting $6.36. The stock had a trading volume of 8,071,227 shares, compared to its average volume of 4,896,132. Shoals Technologies Group has a 12-month low of $2.71 and a 12-month high of $11.36. The firm has a market cap of $1.06 billion, a P/E ratio of 31.78, a P/E/G ratio of 0.58 and a beta of 1.70. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.53 and a current ratio of 2.19. The company’s fifty day simple moving average is $9.38 and its 200 day simple moving average is $8.51.

Shoals Technologies Group (NASDAQ:SHLS) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.04). The firm 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 business’s revenue was up 38.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.08 earnings per share. Equities research analysts forecast that Shoals Technologies Group will post 0.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other Shoals Technologies Group news, CFO Dominic Bardos sold 4,170 shares of the company’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 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.67% of the stock is currently owned by company insiders.

Institutional Trading of Shoals Technologies Group

Several institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC raised its stake in shares of Shoals Technologies Group by 449.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 7,226 shares of the company’s stock valued at $31,000 after purchasing an additional 5,910 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Shoals Technologies Group by 57.7% during the fourth quarter. GAMMA Investing LLC now owns 3,756 shares of the company’s stock worth $32,000 after purchasing an additional 1,375 shares during the period. USA Financial Formulas acquired a new stake in shares of Shoals Technologies Group during the fourth quarter worth $49,000. Savant Capital LLC bought a new stake in shares of Shoals Technologies Group during the 2nd quarter valued at about $50,000. Finally, Ethic Inc. acquired a new stake in Shoals Technologies Group during the second quarter worth about $54,000.

Trending Headlines about 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

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.