Barclays Reaffirms Buy Rating on Shoals Technologies Group
Barclays maintains a buy rating on Shoals Technologies, setting a price target of $10.00, a 1.01% upside from the current price.
Key Points
- Barclays reiterated its buy rating on Shoals Technologies Group, Inc. (SHLS) with a price target of $10.00 on June 26, 2026.
- Barclays's $10 price target implies 1.01% upside from Shoals Technologies Group, Inc.'s ($SHLS) current $9.90 share price.
- Shares of Shoals Technologies traded near $9.86 on Friday, with a market cap of $1.65 billion and a P/E ratio of 49.3.
- Recent insider selling includes Chief Legal Officer Bobbie Lee Jr., who sold shares on June 16, 2026.
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Barclays reaffirmed its buy rating on Shoals Technologies Group, Inc. (NasdaqGM: SHLS) on June 26, 2026. Analyst Christine Cho set a price target of $10.00, as the stock traded near $9.86 on Friday.
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Shoals Technologies Group, Inc. Stock Up 38.7%
Shares of Shoals Technologies Group, Inc. traded around $9.86 on Friday. The company has a market cap of approximately $1.65 billion and a P/E ratio of 49.3. It operates in the solar industry, providing electrical balance of system solutions. Over the past 52 weeks, the stock has ranged from $3.99 to $13.18. The company's 50-day moving average is $9.46, and its 200-day moving average is $8.63.
$SHLS price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Other Institutional Activity in Shoals Technologies
BlackRock, Inc. reduced its holdings in Shoals Technologies by 2,775,251 shares, ending with 19,847,256 shares valued at about $130.6 million. Price T Rowe Associates Inc. increased its stake by 6,841,406 shares to hold 19,595,190 shares worth approximately $128.9 million. Invesco Ltd. boosted its holdings by 1,899,036 shares, bringing its total to 7,776,688 shares valued at around $51.2 million. Vanguard Capital Management LLC opened a new position with 7,361,341 shares valued at $48.4 million. First Trust Advisors LP added 972,382 shares, reaching a total of 7,304,064 shares worth about $48.1 million.
Insider Buying and Selling at Shoals Technologies Group, Inc.
Recent insider transactions at Shoals Technologies include sales by Chief Legal Officer Bobbie Lee Jr. On June 16, 2026, Lee sold 10,000 shares at an average price of $10.41, 1,000 shares with no price recorded, and 6,377 shares at $9.96. On June 15, 2026, he sold another 6,377 shares at $10.30. Additionally, President Jeffery Tolnar sold 8,630 shares at $12.18 on June 1, 2026, and Chief Financial Officer Dominic Bardos sold 30,204 shares at the same price.
Analysts Set New Price Targets
On June 26, 2026, Barclays maintained its buy rating on Shoals Technologies with a $10.00 price target. Other analysts have also weighed in recently. On June 11, 2026, Wells Fargo maintained a hold rating with a $10.00 target. UBS reiterated a buy rating on May 7, 2026, with a $12.00 target. JP Morgan has consistently maintained a buy rating, with targets of $10.00 on May 6, 2026, and $9.00 on April 16, 2026. Citigroup has maintained a hold rating with targets of $9.50 on May 6, 2026, and $8.50 on February 26, 2026.
About Shoals Technologies Group
Shoals Technologies Group, Inc. is a company based in Portland, Tennessee, specializing in providing electrical balance of system solutions for the solar and battery storage industries. Founded in 1996, the company designs and manufactures products such as solar big lead assembly solutions and battery energy storage solutions. It serves engineering, procurement, and construction firms, utilities, solar developers, independent power producers, and more. Shoals Technologies employs around 1,480 people under the leadership of CEO Brandon Moss.
Bottom Line
Barclays' reiteration of a buy rating and a $10.00 price target reflects continued confidence in Shoals Technologies Group, Inc. Investors keep a close eye on analyst ratings to gauge market sentiment. It's important to remember that analyst ratings and targets are based on various factors and may not reflect current market conditions.
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