Shoals Technologies CFO sells $23,020 in stock

PORTLAND, Tenn.—Dominic Bardos, Chief Financial Officer of Shoals Technologies Group , Inc. (NASDAQ:SHLS), recently sold 7,450 shares of Class A Common Stock, according to a recent SEC filing. The transaction comes as the stock has experienced significant volatility, with shares down over 75% in the past year and currently trading near their 52-week low of $2.77. The shares were sold at a weighted average price of $3.09, with individual transaction prices ranging from $3.08 to $3.10. This sale, which totaled approximately $23,020, was conducted to cover applicable tax withholding obligations upon the vesting of restricted stock units. Following this transaction, Bardos holds 383,217 shares directly. According to InvestingPro analysis, Shoals Technologies appears undervalued at current levels, with analysts maintaining a bullish consensus and the company showing strong liquidity with a current ratio of 2.33. Get access to 16 additional exclusive ProTips and comprehensive valuation metrics with InvestingPro.

In other recent news, Shoals Technologies Group reported its fourth-quarter earnings, revealing adjusted earnings per share of $0.08, which fell short of analyst estimates by $0.01. The company’s revenue for the quarter was $107 million, surpassing expectations of $101.98 million but reflecting an 18% decline from the previous year’s $130.4 million. Looking ahead, Shoals Technologies provided guidance for 2025 that disappointed Wall Street, forecasting first-quarter revenue between $70-80 million, significantly below the consensus estimate of $109.04 million. For the full year 2025, the company expects revenue in the range of $410-450 million, compared to analyst expectations of $443.2 million.

Jefferies analyst Julian Dumoulin-Smith recently adjusted the price target for Shoals Technologies to $4.60 from $5.20, maintaining a Hold rating on the stock. The analyst cited a mixed near-term outlook but expressed confidence in the company’s guidance for 2025. Shoals Technologies’ proprietary BLA system and domestic supply chain were noted as factors providing stability amid potential downside risks. Meanwhile, Oppenheimer analyst Colin Rusch reiterated an Outperform rating with a $10.00 price target, acknowledging the company’s backlog growth and noting that 2025 guidance is covered above the midpoint with existing orders. Despite the challenging environment, Shoals Technologies ended the fourth quarter with a backlog and awarded orders totaling $634.7 million, up 6.5% from the previous quarter.

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