Morgan Stanley Cuts Shoals Technologies Group (NASDAQ:SHLS) Price Target to $8.50

Shoals Technologies Group (NASDAQ:SHLS) had its price objective cut by Morgan Stanley from $9.50 to $8.50 in a report released on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities analysts have also issued reports on the stock. Roth Mkm decreased their target price on shares of Shoals Technologies Group from $15.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday. Wells Fargo & Company reduced their price target on shares of Shoals Technologies Group from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Wednesday. The Goldman Sachs Group reiterated a “buy” rating on shares of Shoals Technologies Group in a report on Monday, February 9th. Royal Bank Of Canada dropped their target price on Shoals Technologies Group from $10.00 to $9.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Zacks Research downgraded Shoals Technologies Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Ten equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $9.71.

Shoals Technologies Group Stock Down 6.6%

SHLS opened at $5.93 on Wednesday. The stock’s 50 day moving average price is $9.27 and its 200 day moving average price is $8.50. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.03 and a quick ratio of 1.53. The stock has a market cap of $992.61 million, a P/E ratio of 29.65, a P/E/G ratio of 0.53 and a beta of 1.70. Shoals Technologies Group has a 12 month low of $2.71 and a 12 month high of $11.36.

Shoals Technologies Group (NASDAQ:SHLS) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). The business had revenue of $148.33 million for the quarter, compared to analyst estimates of $144.52 million. Shoals Technologies Group had a return on equity of 9.10% and a net margin of 7.06%.The company’s revenue was up 38.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.08 EPS. As a group, research analysts predict that Shoals Technologies Group will post 0.29 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Dominic Bardos sold 4,170 shares of the stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $7.83, for a total transaction of $32,651.10. Following the completion of the sale, the chief financial officer directly owned 412,289 shares of the company’s stock, valued at $3,228,222.87. This represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.67% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC lifted its position in shares of Shoals Technologies Group by 449.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 7,226 shares of the company’s stock valued at $31,000 after acquiring an additional 5,910 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Shoals Technologies Group by 57.7% during the fourth quarter. GAMMA Investing LLC now owns 3,756 shares of the company’s stock worth $32,000 after purchasing an additional 1,375 shares during the period. USA Financial Formulas purchased a new stake in shares of Shoals Technologies Group during the fourth quarter valued at $49,000. Savant Capital LLC acquired a new position in shares of Shoals Technologies Group in the 2nd quarter valued at $50,000. Finally, Ethic Inc. purchased a new position in Shoals Technologies Group in the 2nd quarter worth about $54,000.

Key Shoals Technologies Group News

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

• Positive Sentiment: Shoals announced a deployment of critical power systems with ON.energy for a leading AI data‑center operator — a diversification into high-margin, non-solar infrastructure demand that supports longer-term revenue visibility. Shoals Technologies Group and ON.energy to deploy critical power systems for leading AI data center operator
• Positive Sentiment: Shoals reported record Q4 revenue of $148M (up ~38.6% YoY) and full‑year revenue growth of ~19%, showing demand for its balance‑of‑systems products remains strong even as margins are pressured. Shoals reports record $148 million Q4 revenue, full-year growth of 19%
• Neutral Sentiment: Analyst coverage shifted toward neutral/hold: BNP Paribas Exane raised Shoals to “Neutral,” and Benzinga summarized broader analyst expectations — the coverage signals caution rather than conviction. Shoals Technologies Group (NASDAQ:SHLS) Raised to “Neutral” at BNP Paribas Exane
• Neutral Sentiment: Morgan Stanley and Barclays issued new price targets ($8.50 and $9.00 respectively), providing upside from the current level but maintaining cautious stances. These anchor expectations but are not outright buys. Shoals Technologies Group (NASDAQ:SHLS) Given New $8.50 Price Target at Morgan Stanley
• Negative Sentiment: Citigroup trimmed its price target from $11.00 to $8.50 and kept a neutral rating — a downgrade in valuation that puts near‑term upside expectations lower and can pressure the stock. Benzinga
• Negative Sentiment: Shoals posted an EPS miss (reported $0.10 vs. $0.14 expected) and shares gapped down after the print; investors are focused on margin pressure and whether profitability will reaccelerate. Shoals Technologies Group (NASDAQ:SHLS) Shares Gap Down Following Weak Earnings
• Negative Sentiment: Broader solar sector headwinds—tariffs, shifting federal energy policy and softer-than-expected demand—are weighing on investor sentiment for suppliers like Shoals. This sector narrative is amplifying the stock’s decline. Solar Stocks Crashed This Week. Why the Problems Could Last.

About Shoals Technologies Group

Shoals Technologies Group, Inc is a leading provider of electrical balance-of-system (BOS) solutions for the solar energy industry. The company designs, engineers and manufactures a comprehensive portfolio of products, including junction boxes, combiner boxes, cable assemblies, power distribution units and monitoring systems. These components are critical to interconnecting photovoltaic modules, optimizing energy output and ensuring safe, reliable performance across solar installations.

Founded in 1996 and headquartered in Portland, Tennessee, Shoals has grown its manufacturing and operations footprint to serve customers around the globe.