Shoals Technologies Group (SHLS)

• Market cap: $552M
• 1 day: -4.75%
• 5 days: 8.08%
• 1 month: 8.73%
• 3 months: -23.03%
• 6 months: -31.50%
• Year to date: -40.33%
• 1 year: -57.28%
• 5 years: -89.06%
• 10 years: -89.06%
• Sector: Technology
• Industry: Solar

About: Shoals Technologies Group is a provider of electrical balance of system solutions for solar energy projects, primarily in the United States. EBOS encompasses components that are necessary to carry electric current produced by solar panels to an inverter. The products are sold principally to engineering, procurement, and construction firms that build solar energy projects.

Employees: 1,290

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

350% more call options, than puts

Call options by funds: $11.4M | Put options by funds: $2.53M

3.34% more ownership

Funds ownership: 99.08% [Q3] → 102.42% (+3.34%) [Q4]

2% more capital invested

Capital invested by funds: $925M [Q3] → $945M (+$19.8M) [Q4]

5% less funds holding

Funds holding: 231 [Q3] → 219 (-12) [Q4]

12% less first-time investments, than exits

New positions opened: 44 | Existing positions closed: 50

16% less repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 82

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $3.40 6% downside
• Avg. target: $5.82 61% upside
• High target: $7 94% upside

6 analyst ratings

• positive: 4 67%
• neutral: 2 33%
• negative: 0 0%

Jefferies Julien Dumoulin-Smith 58% 1-year accuracy 47 / 81 met price target	6% downside $3.40	Hold Maintained	12 Mar 2025
UBS Jon Windham 31% 1-year accuracy 8 / 26 met price target	94% upside $7	Buy Maintained	26 Feb 2025
Piper Sandler Kashy Harrison 33% 1-year accuracy 13 / 40 met price target	66% upside $6	Overweight Maintained	26 Feb 2025
Goldman Sachs Brian Lee 37% 1-year accuracy 31 / 83 met price target	94% upside $7	Buy Maintained	26 Feb 2025
RBC Capital Christopher Dendrinos 71% 1-year accuracy 12 / 17 met price target	94% upside $7	Outperform Maintained	26 Feb 2025