Shoals Technologies Group (SHLS)

• Market cap: $473M
• 1 day: 0.35%
• 5 days: 0.00%
• 1 month: -35.39%
• 3 months: -39.27%
• 6 months: -52.03%
• Year to date: -53.22%
• 1 year: -78.21%
• 5 years: -90.87%
• 10 years: -90.87%
• Sector: Information Technology
• Industry: Semiconductors & Related Devices

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 filings by fund managers ($100M+ AUM)

350% more call options, than puts

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

0.4% less ownership

Funds ownership: 102.83% [Q3] → 102.43% (-0.4%) [Q4]

2% less capital invested

Capital invested by funds: $960M [Q3] → $945M (-$15.1M) [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

15% less repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 82

Research analyst outlook

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

• Low target: $4 41% upside
• Avg. target: $6.86 143% upside
• High target: $10 253% upside

11 analyst ratings

• positive: 9 82%
• neutral: 2 18%
• negative: 0 0%

UBS Jon Windham 22% 1-year accuracy 5 / 23 met price target	147% upside $7	Buy Maintained	26 Feb 2025
Piper Sandler Kashy Harrison 23% 1-year accuracy 10 / 43 met price target	112% upside $6	Overweight Maintained	26 Feb 2025
Goldman Sachs Brian Lee 37% 1-year accuracy 30 / 82 met price target	147% upside $7	Buy Maintained	26 Feb 2025
RBC Capital Christopher Dendrinos 53% 1-year accuracy 9 / 17 met price target	147% upside $7	Outperform Maintained	26 Feb 2025
Roth MKM Philip Shen 0% 1-year accuracy 0 / 18 met price target	59% upside $4.50	Neutral Maintained	26 Feb 2025