Shoals Technologies Group (NASDAQ:SHLS) Trading Down 11.3% – Here’s What Happened

Posted by Francis Steltz on Jul 18th, 2026

Shoals Technologies Group, Inc. (NASDAQ:SHLS – Get Free Report)’s share price traded down 11.3% on Thursday . The stock traded as low as $10.28 and last traded at $10.2030. 3,139,601 shares were traded during mid-day trading, a decline of 41% from the average session volume of 5,303,998 shares. The stock had previously closed at $11.50.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Barclays upped their price objective on shares of Shoals Technologies Group from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. Wells Fargo & Company boosted their target price on Shoals Technologies Group from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Thursday, June 11th. Weiss Ratings upgraded Shoals Technologies Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 6th. UBS Group lifted their price objective on Shoals Technologies Group from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $12.00 price objective on shares of Shoals Technologies Group in a report on Wednesday, May 6th. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $10.31.

View Our Latest Analysis on SHLS

Shoals Technologies Group Stock Performance

The company has a market capitalization of $1.72 billion, a PE ratio of 51.50, a P/E/G ratio of 1.28 and a beta of 1.90. The stock’s 50-day simple moving average is $10.32 and its 200 day simple moving average is $8.82. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.07 and a current ratio of 1.84.

Shoals Technologies Group (NASDAQ:SHLS – Get Free Report) last released its quarterly earnings data 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 business had revenue of $140.56 million during the quarter, compared to analysts’ expectations of $129.16 million. Shoals Technologies Group had a return on equity of 10.03% and a net margin of 6.27%.The firm’s quarterly revenue was up 74.4% on a year-over-year basis. As a group, research analysts expect that Shoals Technologies Group, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Shoals Technologies Group

In related news, CFO Dominic Bardos sold 54,449 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $8.48, for a total value of $461,727.52. Following the completion of the sale, the chief financial officer owned 394,979 shares in the company, valued at $3,349,421.92. This trade represents a 12.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bobbie Lee King, Jr. sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $10.41, for a total transaction of $104,100.00. Following the sale, the insider directly owned 98,918 shares in the company, valued at approximately $1,029,736.38. This represents a 9.18% decrease in their position. The SEC filing for this sale provides additional information. 0.81% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Shoals Technologies Group

Several hedge funds have recently bought and sold shares of the company. Handelsbanken Fonder AB grew its position in shares of Shoals Technologies Group by 31.9% in the second quarter. Handelsbanken Fonder AB now owns 3,766,966 shares of the company’s stock valued at $37,293,000 after purchasing an additional 912,093 shares during the last quarter. Mirador Capital Partners LP acquired a new stake in Shoals Technologies Group during the second quarter worth approximately $574,000. Militia Capital Management LLC acquired a new stake in Shoals Technologies Group during the first quarter worth approximately $516,000. Edgestream Partners L.P. purchased a new stake in Shoals Technologies Group in the 1st quarter worth approximately $2,235,000. Finally, California State Teachers Retirement System raised its holdings in Shoals Technologies Group by 31.0% in the 1st quarter. California State Teachers Retirement System now owns 199,903 shares of the company’s stock valued at $1,315,000 after acquiring an additional 47,318 shares during the last quarter.

About Shoals Technologies Group

(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.