Citigroup Cuts Shoals Technologies Group (NASDAQ:SHLS) Price Target to $8.50

Shoals Technologies Group (NASDAQ:SHLS) had its price target lowered by Citigroup from $11.00 to $8.50 in a report published on Thursday,Benzinga reports. Citigroup currently has a neutral rating on the stock.

A number of other equities analysts also recently issued reports on SHLS. TD Cowen reiterated a “buy” rating on shares of Shoals Technologies Group in a research report on Tuesday. Wells Fargo & Company reduced their price target on shares of Shoals Technologies Group from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Wednesday. Zacks Research cut Shoals Technologies Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. BNP Paribas Exane upgraded Shoals Technologies Group from an “underperform” rating to a “neutral” rating and set a $9.00 price objective on the stock in a report on Wednesday. Finally, Barclays reduced their target price on shares of Shoals Technologies Group from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Wednesday. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.71.

Shoals Technologies Group Stock Down 6.6%

Shares of SHLS opened at $5.93 on Thursday. The stock’s 50-day moving average price is $9.27 and its 200-day moving average price is $8.53. The company has a quick ratio of 1.53, a current ratio of 2.03 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $992.62 million, a price-to-earnings ratio of 29.65, a PEG ratio of 0.50 and a beta of 1.70. Shoals Technologies Group has a 52 week low of $2.71 and a 52 week high of $11.36.

Shoals Technologies Group (NASDAQ:SHLS) last released its quarterly earnings data on Tuesday, February 24th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.04). The company had revenue of $148.33 million during 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 company’s revenue for the quarter was up 38.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.08 EPS. On average, sell-side analysts predict that Shoals Technologies Group will post 0.29 EPS for the current year.

Insider Activity at Shoals Technologies Group

In related news, CFO Dominic Bardos sold 4,170 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $3,228,222.87. This represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.67% of the company’s stock.

Institutional Trading of Shoals Technologies Group

A number of hedge funds and other institutional investors have recently modified their holdings of SHLS. Invesco Ltd. lifted its position in Shoals Technologies Group by 5.8% in the fourth quarter. Invesco Ltd. now owns 5,877,652 shares of the company’s stock valued at $49,960,000 after buying an additional 323,831 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Shoals Technologies Group by 20.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,670 shares of the company’s stock worth $116,000 after purchasing an additional 2,304 shares during the period. nVerses Capital LLC acquired a new stake in Shoals Technologies Group in the 4th quarter valued at approximately $127,000. Polymer Capital Management US LLC acquired a new stake in Shoals Technologies Group in the 4th quarter valued at approximately $201,000. Finally, Interval Partners LP purchased a new stake in Shoals Technologies Group in the fourth quarter valued at approximately $1,357,000.

Trending Headlines about Shoals Technologies Group

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.

Shoals Technologies Group Company Profile

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.