Shoals Technologies Group, Inc. (NASDAQ:SHLS) shares are trading lower on Thursday. On Wednesday, several analysts lowered the price target for the company following mixed fourth-quarter earnings reported this week.
• Shoals Technologies Group shares are sliding. What’s weighing on SHLS shares?
Earnings Snapshot
Shoals reported quarterly adjusted EPS of 10 cents per share, which missed the consensus estimate of 14 cents per share.
The company reported sales of $148.3 million, beating the analyst consensus estimate of $145.4 million.
As of Dec. 31, 2025, backlog and awarded orders stood at $747.6 million.
The company sees first-quarter sales of $125 million-$135 million versus consensus of $119.286 million and …