Redwood Grove Capital LLC Has $19.99 Million Holdings in Shoals Technologies Group, Inc. $SHLS

Posted by Geri Gentry on Jul 29th, 2026

Redwood Grove Capital LLC grew its stake in Shoals Technologies Group, Inc. (NASDAQ:SHLS – Free Report) by 20.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,037,422 shares of the company’s stock after purchasing an additional 511,000 shares during the quarter. Shoals Technologies Group comprises approximately 6.5% of Redwood Grove Capital LLC’s holdings, making the stock its 3rd largest holding. Redwood Grove Capital LLC’s holdings in Shoals Technologies Group were worth $19,986,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. KBC Group NV bought a new stake in Shoals Technologies Group in the first quarter valued at about $30,000. GAMMA Investing LLC grew its position in shares of 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 during the period. USA Financial Formulas bought a new stake in shares of Shoals Technologies Group in the 4th quarter valued at about $49,000. PNC Financial Services Group Inc. increased 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 acquiring an additional 5,983 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Shoals Technologies Group in the 1st quarter valued at approximately $57,000.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Citigroup reissued a “neutral” rating on shares of Shoals Technologies Group in a research note on Wednesday, July 22nd. Barclays increased their target price 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. Roth Capital reissued a “buy” rating on shares of Shoals Technologies Group in a research report on Thursday, July 2nd. Wells Fargo & Company boosted their price target on shares of Shoals Technologies Group from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Thursday, June 11th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Shoals Technologies Group from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Ten research 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 stock has a consensus rating of “Moderate Buy” and an average target price of $10.46.

Read Our Latest Analysis on Shoals Technologies Group

Shoals Technologies Group Price Performance

NASDAQ SHLS opened at $8.54 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.07 and a current ratio of 1.84. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 42.70, a PEG ratio of 1.14 and a beta of 1.90. The business has a 50 day simple moving average of $10.36 and a 200 day simple moving average of $8.86. Shoals Technologies Group, Inc. has a 52-week low of $4.43 and a 52-week high of $13.18.

Shoals Technologies Group (NASDAQ:SHLS – Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $140.56 million for the quarter, compared to analyst estimates of $129.16 million. Shoals Technologies Group had a net margin of 6.27% and a return on equity of 10.03%. The company’s revenue was up 74.4% on a year-over-year basis. Analysts anticipate 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 other Shoals Technologies Group news, CFO Dominic Bardos sold 54,449 shares of Shoals Technologies Group stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $8.48, for a total value of $461,727.52. Following the sale, the chief financial officer owned 394,979 shares of the company’s stock, valued at $3,349,421.92. This trade represents a 12.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Bobbie Lee King, Jr. sold 10,000 shares of Shoals Technologies Group stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $10.41, for a total value of $104,100.00. Following the completion of the sale, the insider directly owned 98,918 shares in the company, valued at $1,029,736.38. This represents a 9.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.81% of the company’s stock.

Shoals Technologies Group Company Profile

(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.