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Shoals Technologies Group , Inc. (NASDAQ:SHLS), currently trading near its 52-week low of $2.77, recently reported a transaction involving its Chief Accounting Officer, Inez Lund. On March 10, Lund sold 1,900 shares of the company’s Class A common stock. According to InvestingPro analysis, while the stock has experienced significant pressure with a -78% return over the past year, management has been actively buying back shares. The shares were sold at a weighted average price of $2.92, resulting in a total transaction value of approximately $5,548. This sale was conducted to cover tax withholding obligations related to the vesting of restricted stock units. Following the transaction, Lund retains ownership of 61,134 shares in the company. InvestingPro’s Fair Value analysis suggests the stock is currently undervalued, with strong fundamentals including healthy liquidity ratios and positive earnings expectations. Discover 14 additional exclusive ProTips and comprehensive analysis in the Pro Research Report.
In other recent news, Shoals Technologies Group reported its fourth-quarter earnings with adjusted earnings per share of $0.08, missing 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% decrease from the previous year. Looking ahead, Shoals Technologies provided guidance for 2025 that fell short of Wall Street projections, with expected first-quarter revenue between $70-80 million compared to the consensus estimate of $109.04 million. For the full year 2025, the company forecasts revenue of $410-450 million, below the analyst expectations of $443.2 million. CEO Brandon Moss highlighted ongoing uncertainties impacting the solar market, including political shifts and supply chain issues, as reasons for a cautious 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. In a separate update, Jefferies analyst Julian Dumoulin-Smith adjusted the price target for Shoals Technologies, lowering it to $3.40 from $4.60, while maintaining a Hold rating. Dumoulin-Smith pointed out the mixed near-term outlook and potential revenue impacts due to project pushouts and competition from larger peers.
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