Key Points
- Shoals Technologies Group CFO Dominic Bardos sold 54,449 shares on May 8 at an average price of $8.48, a transaction worth about $461,728. His holdings fell by roughly 12.12% afterward.
- The stock was trading up 12.8% to $8.84, following a strong quarterly earnings report that beat estimates on both EPS and revenue. Revenue rose 74.4% year over year to $140.56 million.
- Analyst sentiment remains generally positive, with several firms raising price targets and the consensus rating at Moderate Buy. The average target price stands at $9.64.
Shoals Technologies Group, Inc. (NASDAQ:SHLS - Get Free Report) CFO Dominic Bardos sold 54,449 shares of the stock in a transaction dated 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 directly owned 394,979 shares of the company's stock, valued at $3,349,421.92. This represents a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shoals Technologies Group Trading Up 12.8%
NASDAQ SHLS opened at $8.84 on Friday. The stock has a market capitalization of $1.48 billion, a P/E ratio of 44.20, a P/E/G ratio of 0.89 and a beta of 1.74. Shoals Technologies Group, Inc. has a 52-week low of $3.81 and a 52-week high of $11.36. The firm has a 50-day moving average price of $6.75 and a 200 day moving average price of $8.33. The company has a quick ratio of 1.32, a current ratio of 1.84 and a debt-to-equity ratio of 0.30.
Shoals Technologies Group (NASDAQ:SHLS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. The firm had revenue of $140.56 million during the quarter, compared to analysts' expectations of $129.16 million. Shoals Technologies Group had a net margin of 6.27% and a return on equity of 10.03%. The firm's quarterly revenue was up 74.4% compared to the same quarter last year. Equities research analysts expect that Shoals Technologies Group, Inc. will post 0.37 EPS for the current year.
Institutional Trading of Shoals Technologies Group
Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in 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 acquiring an additional 1,375 shares during the last quarter. KBC Group NV acquired a new stake in Shoals Technologies Group during the first quarter worth approximately $30,000. USA Financial Formulas acquired a new stake in Shoals Technologies Group during the fourth quarter worth approximately $49,000. State of Alaska Department of Revenue acquired a new stake in Shoals Technologies Group during the third quarter worth approximately $54,000. Finally, PNC Financial Services Group Inc. boosted its position in Shoals Technologies Group by 378.0% during the first quarter. PNC Financial Services Group Inc. now owns 7,566 shares of the company's stock worth $50,000 after acquiring an additional 5,983 shares during the last quarter.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on SHLS shares. Roth Mkm dropped their price objective on shares of Shoals Technologies Group from $15.00 to $10.00 and set a "buy" rating for the company in a research note on Tuesday, February 24th. JPMorgan Chase & Co. raised their price objective on shares of Shoals Technologies Group from $9.00 to $10.00 and gave the stock an "overweight" rating in a research note on Wednesday. Citigroup raised their price objective on shares of Shoals Technologies Group from $8.50 to $9.50 and gave the stock a "neutral" rating in a research note on Wednesday. Wall Street Zen cut shares of Shoals Technologies Group from a "buy" rating to a "hold" rating in a research note on Saturday, February 28th. Finally, UBS Group raised their price objective on shares of Shoals Technologies Group from $11.00 to $12.00 and gave the stock a "buy" rating in a research note on Thursday. Ten equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Shoals Technologies Group has an average rating of "Moderate Buy" and an average target price of $9.64.
Read Our Latest Stock Analysis on Shoals Technologies Group
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
Shoals Technologies Group Company Profile
(
Get Free Report)
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.
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