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Jeffery Tolnar, President of Shoals Technologies Group , Inc. (NASDAQ:SHLS), recently sold 5,800 shares of the company’s Class A common stock. The shares were sold at an average price of $3.07, amounting to a total transaction value of $17,806. The transaction comes as the stock has experienced significant pressure, down 75% over the past year. According to InvestingPro analysis, the company appears undervalued at current levels. Following this sale, Tolnar retains ownership of 256,126 shares. The sale was executed to cover tax withholding obligations related to the vesting of restricted stock units. While this transaction was tax-related, InvestingPro data reveals that management has been actively buying back shares, demonstrating confidence in the company’s prospects. With 16+ additional exclusive ProTips and comprehensive analysis available, investors can access deeper insights through the Pro Research Report, available for over 1,400 US stocks.
In other recent news, Shoals Technologies Group reported fourth-quarter earnings with adjusted earnings per share of $0.08, falling short of analyst estimates by $0.01. The company’s revenue for the quarter was $107 million, surpassing expectations of $101.98 million but showing an 18% decline from the previous year. Despite the revenue beat, Shoals provided guidance for 2025 that did not meet Wall Street projections, with an expected Q1 revenue range of $70-80 million, significantly below the $109.04 million consensus estimate. For the full year 2025, the company forecasts revenue between $410-450 million, compared to analyst expectations of $443.2 million.
Jefferies analyst Julian Dumoulin-Smith adjusted the price target for Shoals Technologies to $4.60 from $5.20 while maintaining a Hold rating, citing a mixed near-term outlook. The analyst noted that Shoals’ management is improving visibility into customer project timelines to avoid further delays, which increases confidence in the company’s 2025 guidance. Meanwhile, Oppenheimer analyst Colin Rusch reiterated an Outperform rating with a $10.00 price target, highlighting that Shoals’ backlog grew by 6.5% quarter-over-quarter. Shoals ended Q4 with a backlog and awarded orders totaling $634.7 million, reflecting cautious optimism amid ongoing market uncertainties.
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