Shoals Technologies Group Inc. ($SHLS) Stock Forecast: Up 5.4% Today

What is Shoals Technologies Group Inc.?

Shoals Technologies Group, Inc. (SHLS) specializes in electrical balance of systems solutions for solar energy projects. The stock demonstrated strong bullish movement today amid positive market sentiment.

Why is Shoals Technologies Group Inc. going up?

SHLS stock is up 5.4% on Feb 3, 2026 17:22

• Recent acquisitions of new stakes in SHLS by Ruffer LLP and Hussman Strategic Advisors Inc. could have boosted market confidence, suggesting a favorable outlook for the company.
• Analysts maintaining a "Moderate Buy" rating on SHLS following its in-line EPS and revenue performance may have further bolstered investor confidence.
• Positive market sentiment towards industrial goods companies like Lockheed Martin and GE Vernova Inc. could also have contributed to the bullish momentum of SHLS today.

SHLS Price Chart

SHLS Technical Analysis

SHLS News

Analysts Offer Insights on Industrial Goods Companies: GE Vernova Inc. (GEV), Lockheed Martin (LMT) and ManpowerGroup (MAN)

This article provides analyst ratings and price targets for three industrial goods companies: GE Vernova Inc., Lockheed Martin, and ManpowerGroup. RBC Capital maintained a Buy rating on GE Vernova with an $800 price target, Truist Financial reiterated a Buy on Lockheed Martin with a $695 price target, and Truist Financial maintained a Hold rating on ManpowerGroup with a $38 price target. The article highlights consensus ratings and potential upside/downside for each stock based on analyst projections.

https://www.theglobeandmail.com/investing/markets/stocks/GEV-N/pressreleases/37338415/analysts-offer-insights-on-industrial-goods-companies-ge-vernova-inc-gev-lockheed-martin-lmt-and-manpowergroup-man/

Ruffer LLP Acquires New Stake in Shoals Technologies Group, Inc. $SHLS

Ruffer LLP has acquired a new stake in Shoals Technologies Group, Inc. (NASDAQ:SHLS), purchasing 369,142 shares valued at approximately $2.735 million. This move represents about 0.22% ownership of the company. Other institutional investors, including Encompass Capital Advisors and Peconic Partners, have also significantly adjusted their holdings in SHLS.

https://www.marketbeat.com/instant-alerts/filing-ruffer-llp-acquires-new-stake-in-shoals-technologies-group-inc-shls-2026-01-29/

Hussman Strategic Advisors Inc. Purchases New Stake in Shoals Technologies Group, Inc. $SHLS

Hussman Strategic Advisors Inc. has acquired a new position of 105,000 shares in Shoals Technologies Group, Inc. (NASDAQ:SHLS) during the third quarter, valued at approximately $778,000. This investment represents about 0.06% ownership in the company. Other institutional investors have also adjusted their holdings, while Shoals recently reported in-line EPS and revenue above consensus, with analysts holding a "Moderate Buy" rating.

https://www.marketbeat.com/instant-alerts/filing-hussman-strategic-advisors-inc-purchases-new-stake-in-shoals-technologies-group-inc-shls-2026-01-29/

Trending Today

Ethereum ($ETH) Crypto Forecast: Down 5.2% Today

Solana ($SOL) Crypto Forecast: Down 5.4% Today

Revvity ($RVTY) Stock Forecast: Down 5.3% Today

Akamai Technologies Inc. ($AKAM) Stock Forecast: Down 5.1% Today

Avis Budget Group Inc. ($CAR) Stock Forecast: Up 5.1% Today

NXP Semiconductors N.V. ($NXPI) Stock Forecast: Down 6.1% Today

FedEx Corporation ($FDX) Stock Forecast: Up 5.5% Today

Freeport-McMoRan Inc. ($FCX) Stock Forecast: Up 6.5% Today

Adobe Inc. ($ADBE) Stock Forecast: Down 7.2% Today

PPL Corporation ($PPL) Stock Forecast: Down 1.1% Today

Shoals Technologies Group Inc. Price History

08.09.2025 - SHLS Stock was up 5.9%

• Bullish movement in SHLS stock could be attributed to anticipation and positive market sentiment surrounding the upcoming third-quarter earnings release.
• Investors might be optimistic about the company's performance, leading to increased buying activity.
• The announcement of the earnings release date and conference call could have sparked interest and confidence in the company's future prospects, driving the stock price higher.
• Overall, the bullish movement in SHLS today could be a reflection of investor confidence and expectations of a strong earnings report.

26.00.2026 - SHLS Stock was up 5.2%

• Analysts from RBC Capital and Robert W. Baird expressed positive views on SHLS, setting price targets showing considerable upside.
• The optimistic analyst ratings and price targets may have fueled the bullish momentum in SHLS stock.
• The market reacted positively to the encouraging forecasts from analysts, leading to a continuous increase in the stock price during the day.

05.00.2026 - SHLS Stock was down 5.1%

• The existing "Hold" rating from brokerages may have influenced the subdued positive outlook from investors.
• Concerns arose due to the CFO's selling of company shares, potentially impacting future performance expectations.
• While the company's earnings per share aligned with projections and revenue surpassed estimates, the market response could have been influenced by the company's overall outlook or guidance.
• Despite notable increased investments from institutional shareholders such as Comerica, RBC, and Cubist, the market sentiment remained largely bearish.

26.08.2025 - SHLS Stock was up 5.7%

• SHLS stock displayed a notable bullish trend today, possibly influenced by optimistic momentum from investors.
• Comparisons with HF Sinclair (DINO) within the energy sector might have positioned SHLS as a more appealing investment choice, resulting in escalated buyer interest.
• Speculations indicating SHLS as a top stock selection for momentum investors could have added to the upward momentum in the stock price.
• Overall, favorable market sentiment and the potential growth opportunities associated with Shoals Technologies Group likely played a role in the positive stock movement observed today.

21.00.2026 - SHLS Stock was up 8.7%

• Analysts from Truist Financial and Barclays have expressed optimism about Shoals Technologies Group (SHLS), reiterating a Buy rating and specifying a price target.
• The upbeat assessment by analysts might have influenced the significant bullish trend in SHLS stock today.
• The analysts' endorsement reflects faith in SHLS's business opportunities and future expansion in the renewable energy industry.

03.01.2026 - SHLS Stock was up 5.4%

• Recent acquisitions of new stakes in SHLS by Ruffer LLP and Hussman Strategic Advisors Inc. could have boosted market confidence, suggesting a favorable outlook for the company.
• Analysts maintaining a "Moderate Buy" rating on SHLS following its in-line EPS and revenue performance may have further bolstered investor confidence.
• Positive market sentiment towards industrial goods companies like Lockheed Martin and GE Vernova Inc. could also have contributed to the bullish momentum of SHLS today.

22.00.2026 - SHLS Stock was up 5.1%

• Analysts have issued bullish sentiments on Shoals Technologies Group (SHLS), maintaining Buy ratings with positive price targets.
• The bullish movement in SHLS could be attributed to the optimistic outlook provided by analysts, indicating confidence in the company's future performance.
• Positive analyst recommendations and price targets for SHLS may have attracted investors, leading to increased buying activity and driving the stock price higher.
• Overall, the bullish market movement in SHLS today reflects investor optimism and confidence in the growth potential of the company within the technology sector.

04.10.2025 - SHLS Stock was down 7.7%

• Despite meeting earnings estimates and surpassing revenue expectations, SHLS encountered a bearish movement, suggesting that investors had high expectations for the company.
• The market downturn may be linked to investors taking profits as they expected a stronger performance from SHLS.
• Concerns about SHLS's future growth prospects could be prompting investors to sell off their shares, despite the positive financial results for the quarter.

28.00.2026 - SHLS Stock was up 7.9%

• SHLS experienced a strong bullish movement today.
• Analysts have given SHLS an average "Moderate Buy" rating, with a 12-month price target of $9.44.
• The company's quarterly earnings report showed positive results, with EPS meeting estimates and revenue surpassing expectations.
• Analysts' bullish sentiments and price targets further fueled investor confidence in SHLS, leading to the bullish market movement.

16.11.2025 - SHLS Stock was down 5.0%

• The downward movement in SHLS could be linked to investors selling to lock in profits following a period of growth.
• Favorable analyst views on Enphase Energy, Hewlett Packard Enterprise, and Braze might have steered investor focus away from SHLS, contributing to the stock's decline.
• Despite strong Q3 earnings, negative insider sentiment surrounding Ormat Technologies could have sparked concerns about future performance, impacting overall investor sentiment in the tech sector and influencing the drop in SHLS's stock price.

11.11.2025 - SHLS Stock was up 11.3%

• The bullish movement in SHLS could be attributed to the positive sentiments towards technology companies in the market today.
• Analysts' bullish outlook on other tech companies like Enphase Energy, Hewlett Packard Enterprise, and Braze might have influenced investors to also be optimistic about SHLS.
• The overall positive sentiment in the technology sector could have created a ripple effect, leading to increased buying interest in SHLS and driving its stock price higher today.

30.00.2026 - SHLS Stock was down 6.0%

• Despite positive quarterly results, with earnings per share meeting estimates and revenue surpassing expectations, the stock experienced a bearish movement, potentially due to investor sell-off.
• The acquisition of new stakes by institutional investors like Hussman Strategic Advisors Inc. and Ruffer LLP did not significantly impact the stock price, indicating other market factors at play.
• The average analyst rating of "Moderate Buy" and a 12-month price target of $9.44 did not prevent the bearish trend, suggesting broader market sentiment might be influencing the stock's performance.
• The CFO selling a portion of shares may have contributed to investor confidence issues, potentially leading to the downward movement in SHLS stock price.