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Shoals Technologies Group , Inc. (NASDAQ:SHLS) recently saw a notable transaction from its Chief Executive Officer, Brandon Moss. According to a filing with the Securities and Exchange Commission, Moss sold 21,700 shares of Class A common stock on March 5, 2025. The shares were sold at a weighted average price of $3.07, resulting in a total transaction value of $66,619. This transaction comes as the stock has experienced significant volatility, with shares down over 75% in the past year.
The shares were sold in multiple transactions at prices ranging from $3.06 to $3.09. This sale was described as a mandatory transaction to cover tax withholding obligations upon the vesting of restricted stock units. Following this sale, Moss retains ownership of 1,051,303 shares in Shoals Technologies. According to InvestingPro, the company maintains a healthy financial position with a current ratio of 2.33, indicating strong liquidity.
Shoals Technologies Group, headquartered in Portland, Tennessee, operates in the semiconductors and related devices industry. Despite recent market challenges, InvestingPro analysis suggests the stock is currently undervalued, with 14 additional exclusive ProTips and comprehensive metrics available for subscribers. Investors and analysts will be watching for any further transactions or announcements from the company as they assess the impact of this sale on the company’s stock performance.
In other recent news, Shoals Technologies Group has reported its fourth-quarter earnings, revealing adjusted earnings per share of $0.08, which fell short of analyst estimates by $0.01. However, the company exceeded revenue expectations, posting $107 million against the anticipated $101.98 million, despite an 18% decline from the previous year. The company provided guidance for the upcoming year, projecting first-quarter 2025 revenue between $70-80 million, significantly below the consensus estimate of $109.04 million. For the full year 2025, Shoals forecasts revenue of $410-450 million, compared to analyst expectations of $443.2 million. CEO Brandon Moss attributed the cautious outlook to disruptions in the U.S. utility-scale solar market, including political changes and supply chain issues. Meanwhile, Jefferies analyst Julian Dumoulin-Smith adjusted the price target for Shoals Technologies to $4.60 from $5.20, maintaining a Hold rating due to a mixed short-term outlook. Oppenheimer analyst Colin Rusch reiterated an Outperform rating with a $10.00 price target, noting the company’s backlog growth of 6.5% quarter over quarter. These developments reflect the challenges and opportunities facing Shoals Technologies in the current market environment.
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