Cantor Fitzgerald Forecasts SHLS FY2025 Earnings

Shoals Technologies Group, Inc. (NASDAQ:SHLS) – Investment analysts at Cantor Fitzgerald issued their FY2025 earnings per share estimates for Shoals Technologies Group in a research note issued on Tuesday, January 21st. Cantor Fitzgerald analyst D. Soderberg anticipates that the company will earn $0.33 per share for the year. The consensus estimate for Shoals Technologies Group’s current full-year earnings is $0.29 per share.

Several other research analysts have also weighed in on the company. TD Cowen lifted their target price on Shoals Technologies Group from $9.50 to $11.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Piper Sandler decreased their target price on Shoals Technologies Group from $10.00 to $8.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Citigroup upgraded shares of Shoals Technologies Group from a “sell” rating to a “neutral” rating and raised their price target for the company from $5.00 to $5.50 in a report on Thursday, October 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Shoals Technologies Group from $14.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Finally, Guggenheim reduced their target price on shares of Shoals Technologies Group from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $10.08.

Shoals Technologies Group Stock Performance

NASDAQ:SHLS opened at $4.62 on Wednesday. Shoals Technologies Group has a fifty-two week low of $4.07 and a fifty-two week high of $17.50. The firm’s 50 day moving average is $5.07 and its two-hundred day moving average is $5.51. The company has a market cap of $770.15 million, a P/E ratio of 23.10, a P/E/G ratio of 0.54 and a beta of 1.64. The company has a quick ratio of 1.36, a current ratio of 2.08 and a debt-to-equity ratio of 0.26.

Shoals Technologies Group (NASDAQ:SHLS) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). Shoals Technologies Group had a return on equity of 9.83% and a net margin of 7.78%. The company had revenue of $102.20 million for the quarter, compared to analysts’ expectations of $98.86 million. During the same quarter in the previous year, the company earned $0.16 earnings per share. The company’s revenue was down 23.8% on a year-over-year basis.

Hedge Funds Weigh In On Shoals Technologies Group

Several institutional investors have recently made changes to their positions in SHLS. FMR LLC boosted its position in Shoals Technologies Group by 48.9% during the 3rd quarter. FMR LLC now owns 5,806 shares of the company’s stock valued at $33,000 after purchasing an additional 1,906 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Shoals Technologies Group by 1.9% during the third quarter. Van ECK Associates Corp now owns 131,808 shares of the company’s stock valued at $739,000 after acquiring an additional 2,517 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Shoals Technologies Group by 3.8% during the second quarter. The Manufacturers Life Insurance Company now owns 101,623 shares of the company’s stock worth $637,000 after acquiring an additional 3,699 shares during the last quarter. Point72 DIFC Ltd grew its position in shares of Shoals Technologies Group by 12.8% during the second quarter. Point72 DIFC Ltd now owns 54,650 shares of the company’s stock worth $341,000 after acquiring an additional 6,206 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Shoals Technologies Group by 2.3% in the 3rd quarter. Janus Henderson Group PLC now owns 294,598 shares of the company’s stock worth $1,653,000 after acquiring an additional 6,503 shares during the period.

Insider Activity at Shoals Technologies Group

In other Shoals Technologies Group news, CEO Brandon Moss acquired 22,300 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were purchased at an average price of $4.55 per share, for a total transaction of $101,465.00. Following the completion of the purchase, the chief executive officer now directly owns 593,700 shares in the company, valued at $2,701,335. The trade was a 3.90 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 6,460 shares of company stock valued at $30,271. Corporate insiders own 0.36% of the company’s stock.

Shoals Technologies Group Company Profile

Shoals Technologies Group, Inc provides electrical balance of system (EBOS) solutions and components for solar, battery energy, and electric vehicle (EV) charging applications in the United States and internationally. The company designs, manufactures, and sells system solutions for both homerun and combine-as-you-go wiring architectures, as well as offers technical support services.