Shoals Technologies Group (NASDAQ:SHLS) Upgraded at BNP Paribas Exane

BNP Paribas Exane upgraded shares of Shoals Technologies Group (NASDAQ:SHLS) from an underperform rating to a neutral rating in a research report released on Wednesday morning, Marketbeat Ratings reports. The firm currently has $9.00 price objective on the stock.

Other research analysts also recently issued reports about the company. Roth Mkm cut their price target on Shoals Technologies Group from $15.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday. TD Cowen reiterated a “buy” rating on shares of Shoals Technologies Group in a research note on Tuesday. UBS Group increased their target price on Shoals Technologies Group from $9.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. The Goldman Sachs Group restated a “buy” rating on shares of Shoals Technologies Group in a report on Monday, February 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Shoals Technologies Group in a report on Friday, January 9th. Ten analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Shoals Technologies Group has an average rating of “Moderate Buy” and an average price target of $9.71.

Shoals Technologies Group Trading Down 6.6%

Shares of SHLS stock opened at $5.93 on Wednesday. The company has a market capitalization of $992.61 million, a price-to-earnings ratio of 29.65, a PEG ratio of 0.53 and a beta of 1.70. The company has a current ratio of 2.03, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $9.27 and a 200 day moving average price of $8.50. Shoals Technologies Group has a twelve month low of $2.71 and a twelve month high of $11.36.

Shoals Technologies Group (NASDAQ:SHLS) last issued its quarterly 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). The firm had revenue of $148.33 million for the quarter, compared to analysts’ expectations of $144.52 million. Shoals Technologies Group had a return on equity of 9.10% and a net margin of 7.06%.The business’s quarterly revenue was up 38.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.08 earnings per share. Research analysts forecast that Shoals Technologies Group will post 0.29 earnings per share for the current fiscal year.

Insider Activity at Shoals Technologies Group

In other news, CFO Dominic Bardos sold 4,170 shares of Shoals Technologies Group stock in a transaction dated 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. The trade was a 1.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.67% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SHLS. Encompass Capital Advisors LLC purchased a new stake in Shoals Technologies Group during the second quarter worth approximately $56,120,000. Price T Rowe Associates Inc. MD boosted its position in Shoals Technologies Group by 151.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,753,784 shares of the company’s stock worth $108,410,000 after purchasing an additional 7,685,515 shares during the period. First Trust Advisors LP increased its holdings in Shoals Technologies Group by 1,493.0% in the 4th quarter. First Trust Advisors LP now owns 6,331,682 shares of the company’s stock valued at $53,819,000 after purchasing an additional 5,934,223 shares in the last quarter. Castle Hook Partners LP acquired a new stake in Shoals Technologies Group in the 4th quarter valued at $40,095,000. Finally, Amundi raised its position in Shoals Technologies Group by 175.2% in the fourth quarter. Amundi now owns 5,776,766 shares of the company’s stock valued at $49,075,000 after purchasing an additional 3,677,713 shares during the period.

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.

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.