Analysts Set Expectations for SHLS FY2026 Earnings

Shoals Technologies Group, Inc. (NASDAQ:SHLS) – Investment analysts at Cantor Fitzgerald issued their FY2026 earnings per share (EPS) estimates for Shoals Technologies Group in a research report issued to clients and investors on Monday, June 9th. Cantor Fitzgerald analyst D. Soderberg anticipates that the company will post earnings per share of $0.36 for the year. The consensus estimate for Shoals Technologies Group’s current full-year earnings is $0.29 per share.

Shoals Technologies Group (NASDAQ:SHLS) last issued its earnings results on Tuesday, May 6th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). Shoals Technologies Group had a net margin of 7.78% and a return on equity of 9.83%. The firm had revenue of $80.36 million during the quarter, compared to analyst estimates of $74.66 million. During the same quarter in the previous year, the business posted $0.07 EPS. Shoals Technologies Group’s revenue was down 11.2% compared to the same quarter last year.

Several other research analysts have also commented on SHLS. Citigroup raised their price objective on Shoals Technologies Group from $4.50 to $5.50 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. Guggenheim raised their price objective on Shoals Technologies Group from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Friday, May 9th. Mizuho lifted their target price on Shoals Technologies Group from $6.00 to $7.00 and gave the stock an “outperform” rating in a research report on Monday, June 2nd. Royal Bank of Canada dropped their target price on Shoals Technologies Group from $9.00 to $7.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group lifted their target price on Shoals Technologies Group from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $8.45.

Shoals Technologies Group Trading Up 2.0%

NASDAQ:SHLS opened at $5.20 on Tuesday. The business’s 50-day moving average is $4.20 and its two-hundred day moving average is $4.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.08 and a quick ratio of 1.36. Shoals Technologies Group has a 12 month low of $2.71 and a 12 month high of $7.96. The firm has a market capitalization of $869.31 million, a PE ratio of 26.00, a price-to-earnings-growth ratio of 0.52 and a beta of 1.64.

Institutional Investors Weigh In On Shoals Technologies Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SHLS. Wellington Management Group LLP boosted its position in shares of Shoals Technologies Group by 51.9% during the 1st quarter. Wellington Management Group LLP now owns 21,615,890 shares of the company’s stock valued at $71,765,000 after purchasing an additional 7,382,548 shares in the last quarter. CenterBook Partners LP bought a new position in shares of Shoals Technologies Group in the first quarter valued at $12,489,000. T. Rowe Price Investment Management Inc. bought a new position in shares of Shoals Technologies Group in the first quarter valued at $7,712,000. Norges Bank bought a new position in shares of Shoals Technologies Group in the fourth quarter valued at $12,472,000. Finally, Impax Asset Management Group plc increased its holdings in shares of Shoals Technologies Group by 126.3% in the fourth quarter. Impax Asset Management Group plc now owns 3,469,360 shares of the company’s stock valued at $19,083,000 after buying an additional 1,935,983 shares in the last quarter.

Shoals Technologies Group Company Profile

Shoals Technologies Group, Inc provides electrical balance of system (EBOS) solutions and components for solar, battery energy, and electric vehicle (EV) charging applications in the United States and internationally. The company designs, manufactures, and sells system solutions for both homerun and combine-as-you-go wiring architectures, as well as offers technical support services.