Will Executive Stock Sales During Global and Storage Shift Alter the Narrative for Shoals Technologies Group (SHLS)?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 07 2025
0mins
Should l Buy SHLS?
Source: Yahoo Finance
Q3 Results and Leadership Changes: Shoals Technologies Group's recent Q3 results highlight their expansion into international markets and battery energy storage, while key executives sold portions of their shares, indicating potential tensions between profitability and long-term growth strategies.
Investment Narrative and Risks: The company's focus on battery energy storage as a growth area raises concerns about execution risks, especially as they face ongoing pricing pressures and legal costs, which could impact their ability to convert backlog into higher-margin revenue.
Revenue Projections: Shoals is projected to achieve $589.7 million in revenue and $80.2 million in earnings by 2028, necessitating a 13.8% annual revenue growth, which may be challenged by current market conditions.
Fair Value Estimates: Current fair value estimates for Shoals range between $10.23 and $11.91, suggesting a potential upside to its current price, but investors should remain cautious of margin compression and rising expenses that could hinder profitability.
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Analyst Views on SHLS
Wall Street analysts forecast SHLS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SHLS is 11.04 USD with a low forecast of 7.00 USD and a high forecast of 15.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
11 Buy
2 Hold
0 Sell
Strong Buy
Current: 9.650
Low
7.00
Averages
11.04
High
15.00
Current: 9.650
Low
7.00
Averages
11.04
High
15.00
About SHLS
Shoals Technologies Group, Inc. is a provider of electrical balance of system (EBOS) solutions and components, including battery energy storage solutions (BESS) and original equipment manufacturer (OEM) components, for the global energy transition market. It encompasses all the components that are necessary to carry the electric current produced by solar panels to an inverter and ultimately to the power grid. It designs, manufactures and sells various products used by the solar and battery storage industries, including solar big lead assembly (BLA) solutions; homeruns, interconnection and extension solutions; combiners and re-combiners; load break disconnects and transition solutions; wireless performance monitoring; and BESS. Solar BLA solutions offers a range of plug-and-play cable and cabinet solutions that harness the power of solar energy. Load break disconnects and transition solutions provide solutions to reduce feeder sizes or disconnect systems for maintenance and shutdowns.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Shoals Technologies Wins Initial Patent Infringement Ruling
- Initial Patent Ruling: The U.S. International Trade Commission (ITC) ruled that Voltage violated Section 337 of the Tariff Act of 1930 by importing LYNX trunk bus products, confirming that Voltage infringed Shoals' patents, which underscores the strength of U.S. intellectual property protections.
- Significance of Innovation Protection: Shoals' CEO Brandon Moss stated that this ruling is a significant step towards protecting American innovation and the domestic energy supply chain, emphasizing the importance of intellectual property protection for U.S. energy security.
- Future Ruling Expectations: The ITC's final determination is expected by June 2026, and if the initial ruling is upheld, it will prevent Voltage from unlawfully importing products that infringe on Shoals' intellectual property, further solidifying Shoals' market position.
- Ongoing Legal Battles: Shoals is also pursuing an appeal related to another patent ruling at the ITC, demonstrating the company's strong commitment to protecting its intellectual property and aiming to maintain its leadership in the electrical infrastructure sector.
See More
Shoals Technologies Group to Participate in Upcoming Investor Events
- Investor Event Schedule: Shoals Technologies Group will participate in a Guggenheim virtual fireside chat on February 26, 2026, where CEO Brandon Moss and CFO Dominic Bardos will engage with analyst Joe Osha, aiming to attract potential investors and enhance company visibility.
- Clean Energy Conference: On March 3, 2026, Shoals will host in-person investor meetings at the Jefferies Power, Utilities, and Clean Energy Conference in New York, where the CEO and VP of Finance Matt Tractenberg will directly engage with investors, further strengthening market connections.
- Annual Conference Participation: Shoals will attend the Roth Annual Conference on March 24, 2026, with CFO Dominic Bardos and Investor Relations Manager Corbin Smith conducting in-person meetings, showcasing the company's leadership in electrical infrastructure and attracting more investor interest.
- Virtual Webinar: On March 31, 2026, Shoals will co-host a BESS virtual webinar with Barclays, aimed at introducing its BESS products and market pathways to the public, enhancing brand awareness and demonstrating competitive advantages.
See More
Shoals Technologies Group to Release Q4 and Full Year 2025 Results on February 24, 2026
- Earnings Release Schedule: Shoals Technologies Group plans to announce its fourth quarter and full year 2025 financial results before market open on February 24, 2026, which is expected to provide investors with critical performance data and future outlook.
- Conference Call Timing: Following the earnings release, the company will hold a conference call at 8:00 a.m. (Eastern Time) on the same day, aimed at discussing financial results and strategic direction with investors and stakeholders.
- Webcast Access: Investors can access the live webcast of the earnings release through the Investor Relations section of the company's website, ensuring transparency and enhancing interaction with investors.
- Company Background: Since its founding in 1996, Shoals Technologies Group has become a leading manufacturer of electrical infrastructure solutions, focusing on utility-scale solar, battery storage, and data center power systems, driving advancements in the energy transition industry.
See More
Goldman Sachs Optimistic on U.S. Solar Companies 2026 Outlook, Upgrades ENPH Price Target to $45
- Positive Market Outlook: Goldman Sachs analyst Brian Lee anticipates a roughly 20% year-over-year growth for the U.S. utility-scale market in 2026, as policy uncertainties fade, leading investors to focus on fundamentals, showcasing steady growth and strong bookings momentum.
- ENPH Price Target Upgrade: Goldman upgraded Enphase Energy from Neutral to Buy, raising the price target from $29 to $45, with expectations of benefiting from stronger-than-expected fourth-quarter demand due to market share gains and year-end activities from cash/loan customers ahead of the 25D tax credit expiration.
- Earnings Forecast Increase: Lee raised EPS estimates for Enphase for 2025, 2026, and 2027 to $2.85, $1.89, and $2.76 respectively, reflecting higher revenue projections of $1.47 billion for 2025, up from $1.45 billion previously, indicating robust growth drivers.
- Other Company Highlights: The analyst also noted Array Technologies, Fluence Energy, and Shoals Technologies, with Fluence expected to generate $404 million in first-quarter revenue and Shoals projected to achieve $146 million in fourth-quarter revenue, both indicating strong market demand.
See More
Positive Earnings Outlook for US Solar Companies Amid Strong Bookings and Fading Policy Uncertainties
- Earnings Growth Outlook: US solar companies are expected to achieve steady earnings growth, reflecting a rising market demand as policy uncertainties fade, which enhances investor confidence in the sector.
- Strong Bookings Momentum: The steady increase in order volume indicates a significant boost in bookings momentum for solar firms, suggesting an accelerating demand for renewable energy that could drive revenue growth in the coming quarters.
- Improved Policy Environment: The reduction in policy uncertainties creates a more stable operating environment for the solar industry, enabling companies to better plan long-term investments and expansion strategies, thereby enhancing overall market competitiveness.
- Optimistic Market Prospects: With growing attention on renewable energy, the US solar market is expected to attract more investments, driving technological innovation and cost reductions that further promote sustainable industry growth.
See More
Halper Sadeh Investigates Shoals Technologies for Potential Fiduciary Breaches
- Shareholder Rights Investigation: Halper Sadeh LLC is investigating whether certain officers and directors of Shoals Technologies Group Inc. breached their fiduciary duties, which could impact the company's governance structure.
- Legal Relief Options: Long-term shareholders of Shoals stock may seek corporate governance reforms, return of funds, or court-approved financial incentive awards, aimed at enhancing company transparency and accountability.
- Importance of Participation: Shareholder involvement can improve company policies and oversight mechanisms, thereby enhancing shareholder value and demonstrating the company's commitment to shareholder rights.
- Legal Fee Arrangement: Halper Sadeh LLC will handle the case on a contingent fee basis, meaning shareholders will not incur out-of-pocket legal fees, reducing the financial burden of participation.
See More
Shoals Technologies Wins Initial Patent Infringement Ruling
- Initial Patent Ruling: The U.S. International Trade Commission (ITC) ruled that Voltage violated Section 337 of the Tariff Act of 1930 by importing LYNX trunk bus products, confirming that Voltage infringed Shoals' patents, which underscores the strength of U.S. intellectual property protections.
- Significance of Innovation Protection: Shoals' CEO Brandon Moss stated that this ruling is a significant step towards protecting American innovation and the domestic energy supply chain, emphasizing the importance of intellectual property protection for U.S. energy security.
- Future Ruling Expectations: The ITC's final determination is expected by June 2026, and if the initial ruling is upheld, it will prevent Voltage from unlawfully importing products that infringe on Shoals' intellectual property, further solidifying Shoals' market position.
- Ongoing Legal Battles: Shoals is also pursuing an appeal related to another patent ruling at the ITC, demonstrating the company's strong commitment to protecting its intellectual property and aiming to maintain its leadership in the electrical infrastructure sector.
See More
Shoals Technologies Group to Participate in Upcoming Investor Events
- Investor Event Schedule: Shoals Technologies Group will participate in a Guggenheim virtual fireside chat on February 26, 2026, where CEO Brandon Moss and CFO Dominic Bardos will engage with analyst Joe Osha, aiming to attract potential investors and enhance company visibility.
- Clean Energy Conference: On March 3, 2026, Shoals will host in-person investor meetings at the Jefferies Power, Utilities, and Clean Energy Conference in New York, where the CEO and VP of Finance Matt Tractenberg will directly engage with investors, further strengthening market connections.
- Annual Conference Participation: Shoals will attend the Roth Annual Conference on March 24, 2026, with CFO Dominic Bardos and Investor Relations Manager Corbin Smith conducting in-person meetings, showcasing the company's leadership in electrical infrastructure and attracting more investor interest.
- Virtual Webinar: On March 31, 2026, Shoals will co-host a BESS virtual webinar with Barclays, aimed at introducing its BESS products and market pathways to the public, enhancing brand awareness and demonstrating competitive advantages.
See More
Shoals Technologies Group to Release Q4 and Full Year 2025 Results on February 24, 2026
- Earnings Release Schedule: Shoals Technologies Group plans to announce its fourth quarter and full year 2025 financial results before market open on February 24, 2026, which is expected to provide investors with critical performance data and future outlook.
- Conference Call Timing: Following the earnings release, the company will hold a conference call at 8:00 a.m. (Eastern Time) on the same day, aimed at discussing financial results and strategic direction with investors and stakeholders.
- Webcast Access: Investors can access the live webcast of the earnings release through the Investor Relations section of the company's website, ensuring transparency and enhancing interaction with investors.
- Company Background: Since its founding in 1996, Shoals Technologies Group has become a leading manufacturer of electrical infrastructure solutions, focusing on utility-scale solar, battery storage, and data center power systems, driving advancements in the energy transition industry.
See More
Goldman Sachs Optimistic on U.S. Solar Companies 2026 Outlook, Upgrades ENPH Price Target to $45
- Positive Market Outlook: Goldman Sachs analyst Brian Lee anticipates a roughly 20% year-over-year growth for the U.S. utility-scale market in 2026, as policy uncertainties fade, leading investors to focus on fundamentals, showcasing steady growth and strong bookings momentum.
- ENPH Price Target Upgrade: Goldman upgraded Enphase Energy from Neutral to Buy, raising the price target from $29 to $45, with expectations of benefiting from stronger-than-expected fourth-quarter demand due to market share gains and year-end activities from cash/loan customers ahead of the 25D tax credit expiration.
- Earnings Forecast Increase: Lee raised EPS estimates for Enphase for 2025, 2026, and 2027 to $2.85, $1.89, and $2.76 respectively, reflecting higher revenue projections of $1.47 billion for 2025, up from $1.45 billion previously, indicating robust growth drivers.
- Other Company Highlights: The analyst also noted Array Technologies, Fluence Energy, and Shoals Technologies, with Fluence expected to generate $404 million in first-quarter revenue and Shoals projected to achieve $146 million in fourth-quarter revenue, both indicating strong market demand.
See More
Positive Earnings Outlook for US Solar Companies Amid Strong Bookings and Fading Policy Uncertainties
- Earnings Growth Outlook: US solar companies are expected to achieve steady earnings growth, reflecting a rising market demand as policy uncertainties fade, which enhances investor confidence in the sector.
- Strong Bookings Momentum: The steady increase in order volume indicates a significant boost in bookings momentum for solar firms, suggesting an accelerating demand for renewable energy that could drive revenue growth in the coming quarters.
- Improved Policy Environment: The reduction in policy uncertainties creates a more stable operating environment for the solar industry, enabling companies to better plan long-term investments and expansion strategies, thereby enhancing overall market competitiveness.
- Optimistic Market Prospects: With growing attention on renewable energy, the US solar market is expected to attract more investments, driving technological innovation and cost reductions that further promote sustainable industry growth.
See More
Halper Sadeh Investigates Shoals Technologies for Potential Fiduciary Breaches
- Shareholder Rights Investigation: Halper Sadeh LLC is investigating whether certain officers and directors of Shoals Technologies Group Inc. breached their fiduciary duties, which could impact the company's governance structure.
- Legal Relief Options: Long-term shareholders of Shoals stock may seek corporate governance reforms, return of funds, or court-approved financial incentive awards, aimed at enhancing company transparency and accountability.
- Importance of Participation: Shareholder involvement can improve company policies and oversight mechanisms, thereby enhancing shareholder value and demonstrating the company's commitment to shareholder rights.
- Legal Fee Arrangement: Halper Sadeh LLC will handle the case on a contingent fee basis, meaning shareholders will not incur out-of-pocket legal fees, reducing the financial burden of participation.
See More
