Shoals Technologies Group (NASDAQ:SHLS) Stock Gets Price Target Boost from Cantor Fitzgerald

Posted by Brenda Bartman on Nov 5th, 2026

Shoals Technologies Group (NASDAQ:SHLS – Get Free Report) had its target price boosted by investment analysts at Cantor Fitzgerald from $11.00 to $12.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Cantor Fitzgerald‘s target price would indicate a potential upside of 31.00% from the stock’s previous close.

SHLS has been the topic of a number of other research reports. JPMorgan Chase & Co. lowered their target price on Shoals Technologies Group from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. Barclays boosted their price target on Shoals Technologies Group from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Thursday, October 8th. Weiss Ratings raised Shoals Technologies Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 9th. Citigroup reissued a “neutral” rating on shares of Shoals Technologies Group in a research note on Wednesday, July 22nd. Finally, Wall Street Zen downgraded Shoals Technologies Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Twelve analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $10.88.

Get Our Latest Stock Analysis on Shoals Technologies Group

Shoals Technologies Group Stock Performance

Shares of SHLS stock opened at $9.16 on Thursday. The company’s 50 day moving average price is $7.65 and its two-hundred day moving average price is $8.47. The company has a market capitalization of $1.54 billion, a P/E ratio of 48.21, a price-to-earnings-growth ratio of 1.01 and a beta of 1.86. 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.

Shoals Technologies Group (NASDAQ:SHLS – Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $195.31 million for the quarter, compared to analyst estimates of $161.78 million. Shoals Technologies Group had a net margin of 5.41% and a return on equity of 10.07%. The firm’s revenue for the quarter was up 43.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 earnings per share. On average, analysts expect that Shoals Technologies Group will post 0.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fulcrum Asset Management LLP grew its holdings in shares of Shoals Technologies Group by 127.9% during the 3rd quarter. Fulcrum Asset Management LLP now owns 41,424 shares of the company’s stock valued at $322,000 after purchasing an additional 23,248 shares during the last quarter. Ethic Inc. lifted its holdings in Shoals Technologies Group by 106.9% in the 3rd quarter. Ethic Inc. now owns 27,418 shares of the company’s stock worth $222,000 after buying an additional 14,166 shares during the period. Parallel Advisors LLC boosted its holdings in Shoals Technologies Group by 194.1% in the third quarter. Parallel Advisors LLC now owns 4,014 shares of the company’s stock valued at $33,000 after acquiring an additional 2,649 shares in the last quarter. Cidel Asset Management Inc. increased its position in shares of Shoals Technologies Group by 8.5% during the third quarter. Cidel Asset Management Inc. now owns 142,557 shares of the company’s stock valued at $1,155,000 after buying an additional 11,217 shares during the period. Finally, State of Wyoming raised its position in shares of Shoals Technologies Group by 161.8% in the 3rd quarter. State of Wyoming now owns 38,003 shares of the company’s stock worth $308,000 after acquiring an additional 23,488 shares in the last quarter.

More Shoals Technologies Group News

Here are the key news stories impacting Shoals Technologies Group this week:

Positive Sentiment: Q3 results beat expectations: Shoals reported EPS of $0.14 versus the $0.12 consensus and revenue of $195.3 million versus roughly $161.8 million expected. Revenue grew 43.8% year over year. The company also reported $39.8 million in adjusted EBITDA and $791.7 million in backlog and awarded orders. Shoals Q3 2026 financial results
Positive Sentiment: Full-year outlook raised: Alongside its Q3 report, Shoals provided Q4 guidance and raised its full-year outlook, signaling improved expectations for near-term performance. Shoals Q3 2026 financial results
Positive Sentiment: Merger promises broader platform and synergies: Shoals and ARRAY Technologies agreed to a stock-for-stock combination that would bring together complementary solar infrastructure products. The companies outlined a combined 2027 revenue outlook of $2.2 billion–$2.4 billion and target $100 million in annual incremental EBITDA synergies by the third year. Shoals-ARRAY merger outlook and synergy targets
Neutral Sentiment: Merger execution remains a consideration: The all-stock transaction still requires completion and integration, so the projected revenue and synergy benefits are targets rather than guaranteed results. Shoals and ARRAY merger announcement

About Shoals Technologies Group

(Get Free Report)

Shoals Technologies Group, Inc develops electrical balance-of-system (EBOS) solutions for solar energy projects. Its products connect, protect, combine and monitor the direct-current electrical output of solar panels before electricity is converted and delivered to the broader power system.

The company’s product portfolio includes wire harnesses, junction boxes, inline fuses, disconnects, recombiners, communication and monitoring equipment, and other electrical components used in photovoltaic installations.