Nucor earnings beat by $0.08, revenue fell short of estimates
On March 5, Inez Lund, the Chief Accounting Officer of Shoals Technologies Group , Inc. (NASDAQ:SHLS), executed a mandatory sale of 1,025 shares of the company’s Class A common stock. This transaction was carried out to cover applicable tax withholding obligations. The sale comes at a challenging time for the company, as InvestingPro data shows the stock has declined over 75% in the past year, with particularly volatile trading patterns recently. The shares were sold at a weighted average price of $3.11, generating a total value of approximately $3,187.
Following the sale, Lund retains ownership of 63,034 shares in the company. The transaction details indicate that the shares were sold in multiple transactions at prices ranging from $3.10 to $3.11.
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, however, exceeded revenue expectations with $107 million, though this figure represents an 18% decline from the previous year. Shoals Technologies’ guidance for 2025 has been notably weak, projecting first-quarter revenue between $70-80 million, which is significantly below the consensus estimate of $109.04 million. For the full year of 2025, the company expects revenue between $410-450 million, falling short of the $443.2 million anticipated by analysts.
CEO Brandon Moss attributed the cautious outlook to disruptions in the U.S. utility-scale solar market, citing political changes, supply chain issues, and high interest rates. Despite these challenges, Shoals ended the quarter with a backlog and awarded orders totaling $634.7 million, marking a 6.5% increase from the previous quarter. Analyst Colin Rusch from Oppenheimer reiterated an Outperform rating with a $10.00 price target, noting that the company’s backlog growth is encouraging. On a separate note, Jefferies analyst Julian Dumoulin-Smith adjusted the price target for Shoals Technologies to $4.60, down from $5.20, while maintaining a Hold rating. Dumoulin-Smith cited a mixed near-term outlook but expressed confidence in the company’s guidance for 2025, particularly due to Shoals’ proprietary BLA system and domestic supply chain.
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