<div id="readability-page-1"><p>Shoals Technologies Group, Inc. (NASDAQ:SHLS - Get Free Report) shares fell 4.4% during mid-day trading on Tuesday . The company traded as low as $3.10 and last traded at $3.18. 758,054 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 5,639,066 shares. The stock had previously closed at $3.32.</p><h2>Analyst Ratings Changes</h2><ul><li>Got Solar? How You Can Play The Industry's Value Chain Perfectly</li></ul><p>A number of analysts recently commented on the stock. Piper Sandler decreased their price objective on shares of Shoals Technologies Group from $8.00 to $6.00 and set an &#34;overweight&#34; rating on the stock in a report on Wednesday, February 26th. Oppenheimer decreased their price target on Shoals Technologies Group from $11.00 to $10.00 and set an &#34;outperform&#34; rating on the stock in a research note on Tuesday, January 28th. Morgan Stanley raised Shoals Technologies Group from an &#34;equal weight&#34; rating to an &#34;overweight&#34; rating and set a $7.00 price objective for the company in a research note on Tuesday, December 17th. Wolfe Research began coverage on Shoals Technologies Group in a research report on Tuesday, February 18th. They set a &#34;peer perform&#34; rating on the stock. Finally, JPMorgan Chase &amp; Co. dropped their price target on Shoals Technologies Group from $11.00 to $10.00 and set an &#34;overweight&#34; rating for the company in a research report on Thursday, January 23rd. Three equities research analysts have rated the stock with a sell rating, seven have assigned  a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company  has a consensus rating of &#34;Hold&#34; and an average target price of $8.87.</p><p><b>View Our Latest Stock Analysis on SHLS</b></p><h2>Shoals Technologies Group Stock Down 1.7 %</h2><ul><li>Generac Powers Up as Summer Temperatures Rise</li></ul><p>The firm has a fifty day moving average price of $3.84 and a 200-day moving average price of $4.78. The company has a quick ratio of 1.36, a current ratio of 2.08 and a debt-to-equity ratio of 0.26. The firm has a market cap of $545.24 million, a price-to-earnings ratio of 16.28, a PEG ratio of 0.52 and a beta of 1.69. </p><p>Shoals Technologies Group (NASDAQ:SHLS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). Shoals Technologies Group had a return on equity of 9.83% and a net margin of 7.78%. The company had revenue of $107.00 million for the quarter, compared to analyst estimates of $102.16 million. During the same period last year, the company posted $0.12 EPS. The business's revenue for the quarter was down 17.9% on a year-over-year basis.  As a group, sell-side analysts forecast that  Shoals Technologies Group, Inc. will post 0.29 EPS for the current year. </p><h2>Insiders Place Their Bets</h2><ul><li>MarketBeat Week in Review – 5/8 - 5/12</li></ul><p>In related news, CEO Brandon Moss sold 21,700 shares of Shoals Technologies Group stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $3.07, for a total transaction of $66,619.00. Following the transaction, the chief executive officer now owns 1,051,303 shares in the company, valued at approximately $3,227,500.21. The trade was a 2.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 40,575 shares of company stock worth $123,957 over the last three months. 1.67% of the stock is owned by insiders. </p><h2>Institutional Inflows and Outflows</h2><p>A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Intech Investment Management LLC purchased a new position in  Shoals Technologies Group in the 3rd quarter worth approximately $255,000.  FMR LLC boosted its stake in shares of  Shoals Technologies Group by 48.9% in the third quarter. FMR LLC now owns 5,806 shares of the company's stock valued at $33,000 after purchasing an additional 1,906 shares during the period.  Janus Henderson Group PLC grew its holdings in  Shoals Technologies Group by 2.3% during the 3rd quarter. Janus Henderson Group PLC now owns 294,598 shares of the company's stock valued at $1,653,000 after purchasing an additional 6,503 shares in the last quarter.  Maven Securities LTD acquired a new stake in  Shoals Technologies Group during the 3rd quarter valued at $252,000.  Finally, Point72 Asset Management L.P. lifted its holdings in  Shoals Technologies Group by 460.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 6,844,222 shares of the company's stock worth $38,396,000 after buying an additional 5,622,207 shares in the last quarter. </p><h2>About Shoals Technologies Group</h2> (Get Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Shoals Technologies Group</li><li>How to Use High Beta Stocks to Maximize Your Investing Profits</li><li>Amazon Falls Back to a Key Support Line: Here's How to Play It</li><li>3 Tickers Leading a Meme Stock Revival</li><li>Buffet Trims Equities, But Still Keeps Buying This Stock  </li><li>How to Use Stock Screeners to Find Stocks</li><li>Berkshire Hathaway Gains Defy Stock Market Slump </li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Shoals Technologies Group Right Now?</h2><p>Before you consider Shoals Technologies Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shoals Technologies Group wasn't on the list.</p><p>While Shoals Technologies Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SHLS

<p>Shoals Technologies Group (NASDAQ:SHLS) shares fell 4.4% to $3.18 during mid-day trading, with a significant drop in trading volume. Analysts have adjusted their price targets, with Piper Sandler lowering theirs from $8.00 to $6.00, while Oppenheimer reduced theirs from $11.00 to $10.00. The company reported a quarterly EPS of $0.08, missing estimates, and a revenue of $107 million, down 17.9% year-over-year. Insiders have sold shares recently, and institutional investors have modified their holdings significantly.</p>

Shoals Technologies Group (NASDAQ:SHLS) Stock Price Down 4.4% - Time to Sell?