UBS Group Increases Shoals Technologies Group (NASDAQ:SHLS) Price Target to $12.00

Shoals Technologies Group (NASDAQ:SHLS) had its target price boosted by UBS Group from $11.00 to $12.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price target indicates a potential upside of 35.75% from the stock’s previous close.

Several other research analysts have also commented on the company. BNP Paribas Exane upgraded Shoals Technologies Group from an “underperform” rating to a “neutral” rating and set a $9.00 target price for the company in a research report on Wednesday, February 25th. Wall Street Zen downgraded Shoals Technologies Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. The Goldman Sachs Group restated a “buy” rating on shares of Shoals Technologies Group in a report on Monday, February 9th. Jefferies Financial Group lowered their price target on Shoals Technologies Group from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, March 11th. Finally, TD Cowen restated a “buy” rating on shares of Shoals Technologies Group in a research note on Tuesday, February 24th. Ten research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $9.64.

Shoals Technologies Group Stock Performance

Shares of NASDAQ:SHLS opened at $8.84 on Thursday. Shoals Technologies Group has a one year low of $3.81 and a one year high of $11.36. The business’s 50-day simple moving average is $6.75 and its 200 day simple moving average is $8.33. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.32 and a current ratio of 1.84. The company has a market cap of $1.48 billion, a P/E ratio of 44.20, a PEG ratio of 0.89 and a beta of 1.74.

Shoals Technologies Group (NASDAQ:SHLS) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Shoals Technologies Group had a return on equity of 10.03% and a net margin of 6.27%.The firm had revenue of $140.56 million during the quarter, compared to analyst estimates of $129.16 million. The business’s revenue for the quarter was up 74.4% on a year-over-year basis. On average, sell-side analysts forecast that Shoals Technologies Group will post 0.37 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Shoals Technologies Group

Large investors have recently modified their holdings of the stock. KBC Group NV bought a new stake in shares of Shoals Technologies Group in the 1st quarter valued at approximately $30,000. GAMMA Investing LLC lifted its holdings in Shoals Technologies Group by 57.7% during the 4th quarter. GAMMA Investing LLC now owns 3,756 shares of the company’s stock worth $32,000 after buying an additional 1,375 shares in the last quarter. USA Financial Formulas acquired a new position in shares of Shoals Technologies Group in the 4th quarter valued at $49,000. PNC Financial Services Group Inc. lifted its stake in shares of Shoals Technologies Group by 378.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,566 shares of the company’s stock valued at $50,000 after purchasing an additional 5,983 shares during the period. Finally, State of Alaska Department of Revenue acquired a new position in shares of Shoals Technologies Group in the 3rd quarter valued at $54,000.

Shoals Technologies Group News Roundup

Here are the key news stories impacting Shoals Technologies Group this week:

• Positive Sentiment: UBS Group raised its price target on Shoals Technologies Group to $12 from $11 and reiterated a buy rating, signaling continued upside potential for the stock. Read More
• Positive Sentiment: Needham also initiated or maintained a buy rating, adding to the bullish analyst sentiment around the company. Read More
• Positive Sentiment: JPMorgan issued a positive forecast for Shoals Technologies Group, reinforcing expectations that the company can continue to perform well after its recent earnings beat and improved 2026 guidance. Read More
• Neutral Sentiment: Recent commentary focused on valuation after the earnings beat and upgraded guidance, suggesting investors are rechecking whether the stock’s rally is fully justified. Read More
• Negative Sentiment: CFO Dominic Bardos sold 54,449 shares in a disclosed SEC filing, trimming his stake by about 12%, which can sometimes be interpreted as a cautious signal by investors. Read More

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.