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Jeffery Tolnar, President of Shoals Technologies Group , Inc. (NASDAQ:SHLS), recently sold 2,700 shares of the company’s Class A common stock. The shares were sold at a weighted average price of $2.88 per share, totaling $7,776. The transaction comes as the stock trades near its 52-week low of $2.77, having declined 78% over the past year. According to InvestingPro analysis, the stock appears undervalued at its current market cap of $471 million. The sale was conducted on March 10, 2025, as part of a mandatory sale to cover tax withholding obligations upon the vesting of restricted stock units. Following this transaction, Tolnar holds 253,426 shares directly. The shares were sold in multiple transactions at prices ranging from $2.87 to $2.90. InvestingPro subscribers have access to 16 additional key insights about SHLS, including detailed analysis of the company’s financial health and growth prospects.
In other recent news, Shoals Technologies Group reported its fourth-quarter earnings, revealing adjusted earnings per share of $0.08, which missed analyst estimates by $0.01. The company achieved revenue of $107 million, surpassing expectations of $101.98 million, although this marked an 18% decline year-over-year from $130.4 million. Shoals’ guidance for 2025 fell short of Wall Street projections, with an expected Q1 revenue range of $70-80 million, significantly below the consensus estimate of $109.04 million. The full-year 2025 revenue forecast is set at $410-450 million, compared to analyst expectations of $443.2 million. CEO Brandon Moss attributed this cautious outlook to disruptions in the U.S. utility-scale solar market, including political changes and supply chain issues. Jefferies analyst Julian Dumoulin-Smith recently adjusted the price target for Shoals Technologies to $3.40 from $4.60, maintaining a Hold rating due to a mixed near-term outlook and potential project delays. Despite these challenges, Oppenheimer analyst Colin Rusch reiterated an Outperform rating with a $10.00 price target, noting encouraging backlog growth of 6.5% quarter-over-quarter. Shoals Technologies continues to navigate a competitive landscape while exploring growth opportunities in international markets and battery energy storage systems.
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