Shoals Technologies Group (NASDAQ:SHLS) Shares Cross Below 200-Day Moving Average – Here’s Why

Posted by Stanley Muller on Nov 11th, 2026

Shares of Shoals Technologies Group, Inc. (NASDAQ:SHLS – Get Free Report) passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $8.46 and traded as low as $7.97. Shoals Technologies Group shares last traded at $8.13, with a volume of 6,965,718 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SHLS. Citigroup reiterated a “neutral” rating on shares of Shoals Technologies Group in a report on Wednesday, July 22nd. Mizuho decreased their price target on Shoals Technologies Group from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, October 16th. Cantor Fitzgerald lifted their price objective on shares of Shoals Technologies Group from $11.00 to $12.00 and gave the stock an “overweight” rating in a research note on Thursday, November 5th. Barclays lifted their price objective on shares of Shoals Technologies Group from $10.00 to $11.00 and gave the stock an “overweight” rating in a research note on Thursday, October 8th. Finally, Weiss Ratings raised shares of Shoals Technologies Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 9th. Twelve equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $10.94.

Get Our Latest Analysis on SHLS

Shoals Technologies Group Stock Down 6.8%

The firm has a market cap of $1.37 billion, a PE ratio of 35.35, a price-to-earnings-growth ratio of 1.03 and a beta of 1.86. The company has a 50-day simple moving average of $7.79 and a 200-day simple moving average of $8.46. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.45 and a quick ratio of 1.39.

Shoals Technologies Group (NASDAQ:SHLS – Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. Shoals Technologies Group had a return on equity of 10.23% and a net margin of 5.84%. The firm had revenue of $195.31 million for the quarter, compared to the consensus estimate of $161.78 million. During the same period in the prior year, the business posted $0.12 earnings per share. The company’s revenue for the quarter was up 43.8% on a year-over-year basis. Analysts expect that Shoals Technologies Group, Inc. will post 0.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Shoals Technologies Group

Several hedge funds have recently bought and sold shares of SHLS. Parallel Advisors LLC increased its stake in Shoals Technologies Group by 194.1% in the third quarter. Parallel Advisors LLC now owns 4,014 shares of the company’s stock worth $33,000 after purchasing an additional 2,649 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Shoals Technologies Group by 428.6% during the third quarter. Farther Finance Advisors LLC now owns 4,134 shares of the company’s stock valued at $33,000 after purchasing an additional 3,352 shares during the period. KBC Group NV purchased a new stake in shares of Shoals Technologies Group during the first quarter valued at $30,000. Integrated Wealth Concepts LLC bought a new position in shares of Shoals Technologies Group in the second quarter worth about $53,000. Finally, Sterling Capital Management LLC grew its holdings in shares of Shoals Technologies Group by 604.6% in the third quarter. Sterling Capital Management LLC now owns 5,482 shares of the company’s stock worth $44,000 after purchasing an additional 4,704 shares during the last quarter.

About Shoals Technologies Group

(Get Free Report)

Shoals Technologies Group designs and supplies electrical balance-of-system (EBOS) solutions used in solar energy projects. Founded in 1996, the company develops equipment and systems that connect solar panels to the electrical grid. Its products include cable assemblies and wiring harnesses, combiner and junction boxes, disconnects, and other components used to collect and manage electricity generated by solar panels. Shoals also offers pre-engineered, plug-and-play solutions intended to simplify installation and maintenance.