Cantor Fitzgerald Weighs in on SHLS FY2025 Earnings

Shoals Technologies Group, Inc. (NASDAQ:SHLS) – Equities researchers at Cantor Fitzgerald issued their FY2025 earnings estimates for Shoals Technologies Group in a research report issued on Tuesday, January 21st. Cantor Fitzgerald analyst D. Soderberg expects that the company will post earnings of $0.33 per share 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 posted its earnings results on Tuesday, November 12th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The business had revenue of $102.20 million for the quarter, compared to analyst estimates of $98.86 million. Shoals Technologies Group had a net margin of 7.78% and a return on equity of 9.83%. Shoals Technologies Group’s revenue was down 23.8% on a year-over-year basis. During the same quarter last year, the business earned $0.16 earnings per share.

SHLS has been the subject of several other reports. TD Cowen boosted their price objective on Shoals Technologies Group from $9.50 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. reduced their price objective on Shoals Technologies Group from $14.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Morgan Stanley upgraded Shoals Technologies Group from an “equal weight” rating to an “overweight” rating and set a $7.00 price objective on the stock in a report on Tuesday, December 17th. Guggenheim dropped their target price on shares of Shoals Technologies Group from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Finally, The Goldman Sachs Group decreased their price target on shares of Shoals Technologies Group from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Shoals Technologies Group presently has an average rating of “Hold” and a consensus price target of $10.03.

Shoals Technologies Group Price Performance

Shares of NASDAQ SHLS opened at $4.29 on Wednesday. The firm has a market cap of $715.14 million, a PE ratio of 21.45, a PEG ratio of 0.54 and a beta of 1.64. The firm has a fifty day moving average of $5.06 and a 200 day moving average of $5.50. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.36 and a current ratio of 2.08. Shoals Technologies Group has a one year low of $4.07 and a one year high of $17.50.

Hedge Funds Weigh In On Shoals Technologies Group

Hedge funds have recently bought and sold shares of the company. Point72 Asset Management L.P. grew its stake in shares of Shoals Technologies Group by 460.1% in the third quarter. Point72 Asset Management L.P. now owns 6,844,222 shares of the company’s stock worth $38,396,000 after acquiring an additional 5,622,207 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in Shoals Technologies Group in the 3rd quarter valued at about $20,191,000. Millennium Management LLC boosted its stake in shares of Shoals Technologies Group by 262.8% in the 2nd quarter. Millennium Management LLC now owns 3,371,593 shares of the company’s stock valued at $21,039,000 after buying an additional 2,442,227 shares during the period. Verition Fund Management LLC raised its holdings in Shoals Technologies Group by 938.3% in the third quarter. Verition Fund Management LLC now owns 2,251,093 shares of the company’s stock valued at $12,629,000 after acquiring an additional 2,034,291 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Shoals Technologies Group by 14.6% in the third quarter. Wellington Management Group LLP now owns 13,107,404 shares of the company’s stock worth $73,533,000 after acquiring an additional 1,666,691 shares during the last quarter.

Insiders Place Their Bets

In other news, CEO Brandon Moss purchased 22,300 shares of the stock in a transaction dated Thursday, November 21st. The stock was acquired at an average cost of $4.55 per share, for a total transaction of $101,465.00. Following the completion of the transaction, the chief executive officer now directly owns 593,700 shares in the company, valued at approximately $2,701,335. This represents a 3.90 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 6,460 shares of company stock valued at $30,271 over the last 90 days. 1.67% of the stock is owned by company insiders.

About Shoals Technologies Group

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.