Analysts’ Recent Ratings Changes for Shoals Technologies Group (SHLS)

Several analysts have recently updated their ratings and price targets for Shoals Technologies Group (NASDAQ: SHLS):

• 5/7/2026 – Shoals Technologies Group was downgraded by Weiss Ratings from “sell (d+)” to “sell (d)”.
• 5/7/2026 – Shoals Technologies Group had its price target raised by UBS Group AG from $11.00 to $12.00. They now have a “buy” rating on the stock.
• 5/6/2026 – Shoals Technologies Group had its price target raised by Citigroup Inc. from $8.50 to $9.50. They now have a “neutral” rating on the stock.
• 5/6/2026 – Shoals Technologies Group had its price target raised by JPMorgan Chase & Co. from $9.00 to $10.00. They now have an “overweight” rating on the stock.
• 5/6/2026 – Shoals Technologies Group had its “buy” rating reaffirmed by Needham & Company LLC. They now have a $12.00 price target on the stock.
• 4/16/2026 – Shoals Technologies Group had its price target lowered by JPMorgan Chase & Co. from $11.00 to $9.00. They now have an “overweight” rating on the stock.
• 4/15/2026 – Shoals Technologies Group was downgraded by Weiss Ratings from “hold (c-)” to “sell (d+)”.

Insider Buying and Selling

In other Shoals Technologies Group news, CFO Dominic Bardos sold 54,449 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $8.48, for a total transaction of $461,727.52. Following the transaction, the chief financial officer owned 394,979 shares of the company’s stock, valued at $3,349,421.92. This trade represents a 12.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.81% of the stock is currently owned by corporate insiders.

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.