Shoals Technologies Group, Inc. (NASDAQ:SHLS) Receives $10.71 Average PT from Brokerages

Posted by Francis Steltz on Sep 14th, 2026

Shoals Technologies Group, Inc. (NASDAQ:SHLS – Get Free Report) has been given an average rating of “Moderate Buy” by the seventeen brokerages that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $10.7143.

Several research analysts recently weighed in on the stock. Guggenheim restated a “buy” rating on shares of Shoals Technologies Group in a research report on Friday, May 22nd. Jefferies Financial Group lifted their target price on shares of Shoals Technologies Group from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Weiss Ratings raised shares of Shoals Technologies Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, September 8th. Wall Street Zen lowered shares of Shoals Technologies Group from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Finally, Wells Fargo & Company raised their price objective on shares of 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.

Read Our Latest Stock Analysis on SHLS

Insider Buying and Selling

In related news, insider Bobbie King, Jr. sold 10,000 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $10.41, for a total value of $104,100.00. Following the transaction, the insider owned 98,918 shares of the company’s stock, valued at $1,029,736.38. This represents a 9.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.81% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Shoals Technologies Group

Several institutional investors have recently modified their holdings of the company. KBC Group NV bought a new stake in Shoals Technologies Group in the 1st quarter worth approximately $30,000. Integrated Wealth Concepts LLC bought a new position in Shoals Technologies Group during the second quarter valued at approximately $53,000. PNC Financial Services Group Inc. raised its stake in shares of 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 in the last quarter. CIBC Asset Management Inc bought a new stake in shares of Shoals Technologies Group in the 4th quarter worth approximately $85,000. Finally, Miller Howard Investments Inc. NY bought a new stake in shares of Shoals Technologies Group in the 1st quarter worth approximately $70,000.

Shoals Technologies Group Stock Performance

Shares of SHLS stock opened at $7.30 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.12 and a current ratio of 2.25. Shoals Technologies Group has a 52-week low of $5.43 and a 52-week high of $13.18. The company has a market capitalization of $1.23 billion, a PE ratio of 38.42, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. The business’s fifty day moving average is $8.55 and its 200 day moving average is $8.41.

Shoals Technologies Group (NASDAQ:SHLS – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. Shoals Technologies Group had a return on equity of 10.07% and a net margin of 5.41%.The business had revenue of $163.37 million during the quarter, compared to analysts’ expectations of $160.03 million. During the same period in the previous year, the business earned $0.10 earnings per share. The firm’s revenue was up 47.4% on a year-over-year basis. On average, equities research analysts anticipate that Shoals Technologies Group will post 0.34 EPS for the current fiscal year.

About Shoals Technologies Group

(Get Free Report)

Shoals Technologies Group, Inc (NASDAQ: SHLS) develops and supplies electrical balance-of-system (EBOS) products for solar energy installations. Its solutions connect, protect, combine and monitor the electrical output of photovoltaic panels, helping solar developers and installers improve system reliability and simplify project construction.

The company’s product portfolio includes wire harnesses, junction boxes, inline fuses, disconnects, recombiners, cable-management systems and other wiring and connectivity solutions.