Shoals Technologies Group - SHLS Stock Price Target and Predictions

Target and Analyst Ratings
Price Target History
Upgrades and Downgrades
News Sentiment
About
FAQ

Consensus Rating: Moderate Buy
Consensus Price Target: $21.06
Forecasted Upside: 156.50%
Number of Analysts: 17
Breakdown:
0 Sell Ratings
3 Hold Ratings
14 Buy Ratings
0 Strong Buy Ratings

^$8.21 As of 04/18/2024 01:00 AM ET

▼ -0.07 (-0.85%)

1 month | 3 months | 12 months

Get New Shoals Technologies Group Analyst Ratings Delivered To Your Inbox

Sign-up to receive the latest news and ratings for SHLS and its competitors with Analyst Ratings Network’s free daily newsletter.

Analyst Price Target for SHLS

^$21.06

▲ +156.50% Upside Potential

This price target is based on 17 analysts offering 12 month price targets for Shoals Technologies Group in the last 3 months. The average price target is $21.06, with a high forecast of $33.00 and a low forecast of $13.00. The average price target represents a 156.50% upside from the last price of $8.21.

Current Consensus is Moderate Buy

The current consensus among 17 investment analysts is to moderate buy stock in Shoals Technologies Group. This Moderate Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

0 strong buy ratings
14 buy ratings
3 hold ratings
0 sell ratings

Ratings as of

10/26/2022

0 strong buy ratings
14 buy ratings
3 hold ratings
0 sell ratings

Ratings as of

1/24/2023

0 strong buy ratings
14 buy ratings
3 hold ratings
0 sell ratings

Ratings as of

4/24/2023

0 strong buy ratings
14 buy ratings
3 hold ratings
0 sell ratings

Ratings as of

7/23/2023

0 strong buy ratings
14 buy ratings
3 hold ratings
0 sell ratings

Ratings as of

10/21/2023

0 strong buy ratings
14 buy ratings
3 hold ratings
0 sell ratings

Ratings as of

1/19/2024

0 strong buy ratings
14 buy ratings
3 hold ratings
0 sell ratings

Ratings as of

3/19/2024

0 strong buy ratings
14 buy ratings
3 hold ratings
0 sell ratings

Ratings as of

4/18/2024

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
4/11/2024	Piper Sandler	Lower Target	Overweight ➝ Overweight	$16.00 ➝ $14.00	Low
3/13/2024	Cantor Fitzgerald	Reiterated Rating	Overweight ➝ Overweight	$24.00	Low
3/5/2024	Barclays	Lower Target	Equal Weight ➝ Equal Weight	$15.00 ➝ $13.00	Low
3/1/2024	UBS Group	Lower Target	Buy ➝ Buy	$28.00 ➝ $20.00	Low
3/1/2024	The Goldman Sachs Group	Lower Target	Buy ➝ Buy	$26.00 ➝ $23.00	Low
2/29/2024	Cantor Fitzgerald	Lower Target	Overweight ➝ Overweight	$28.00 ➝ $24.00	Low
2/29/2024	Royal Bank of Canada	Lower Target	Outperform ➝ Outperform	$20.00 ➝ $17.00	Low
2/29/2024	JPMorgan Chase & Co.	Lower Target	Overweight ➝ Overweight	$32.00 ➝ $26.00	Low
2/29/2024	Oppenheimer	Lower Target	Outperform ➝ Outperform	$42.00 ➝ $17.00	Low
2/29/2024	Truist Financial	Reiterated Rating	Buy ➝ Buy	$23.00 ➝ $20.00	Low
2/29/2024	Mizuho	Reiterated Rating	Buy ➝ Buy	$19.00 ➝ $18.00	Low
2/29/2024	Piper Sandler	Lower Target	Overweight ➝ Overweight	$20.00 ➝ $16.00	Low
2/29/2024	TD Cowen	Lower Target	Outperform	$30.00 ➝ $22.00	Low
2/14/2024	Royal Bank of Canada	Initiated Coverage	Outperform	$20.00	Low
1/22/2024	Barclays	Upgrade	Underweight ➝ Equal Weight	$17.00 ➝ $15.00	Low
1/19/2024	Janney Montgomery Scott	Initiated Coverage	Buy	$20.00	Low
1/3/2024	Mizuho	Boost Target	Buy ➝ Buy	$18.00 ➝ $19.00	Low
12/8/2023	Morgan Stanley	Lower Target	Equal Weight ➝ Equal Weight	$21.00 ➝ $17.00	Low
11/21/2023	Mizuho	Initiated Coverage	Buy	$18.00	Low
11/9/2023	Truist Financial	Lower Target	Buy ➝ Buy	$25.00 ➝ $23.00	Low
11/8/2023	Cantor Fitzgerald	Reiterated Rating	Overweight ➝ Overweight	$28.00	Low
10/20/2023	BNP Paribas	Initiated Coverage	Outperform	$33.00	Low
10/19/2023	JPMorgan Chase & Co.	Lower Target	Overweight ➝ Overweight	$38.00 ➝ $32.00	Low
10/18/2023	Citigroup	Lower Target	Buy ➝ Buy	$34.00 ➝ $26.00	Low
10/17/2023	Morgan Stanley	Lower Target	Equal Weight ➝ Equal Weight	$22.00 ➝ $21.00	Low
10/11/2023	The Goldman Sachs Group	Upgrade	Neutral ➝ Buy	$27.00 ➝ $28.00	Low
10/6/2023	Piper Sandler	Upgrade	Neutral ➝ Overweight	$28.00	Low
10/5/2023	Northland Securities	Downgrade	Outperform ➝ Market Perform	$26.00 ➝ $18.00	Low
10/4/2023	Truist Financial	Lower Target	Buy ➝ Buy	$30.00 ➝ $25.00	Low
9/12/2023	Truist Financial	Lower Target	Buy ➝ Buy	$35.00 ➝ $30.00	Low
9/6/2023	Morgan Stanley	Lower Target	Equal Weight ➝ Equal Weight	$28.00 ➝ $22.00	Low
9/5/2023	Cantor Fitzgerald	Upgrade	Neutral ➝ Overweight	$27.00 ➝ $28.00	Low
8/4/2023	Barclays	Boost Target	Underweight ➝ Underweight	$19.00 ➝ $20.00	Low
8/2/2023	Oppenheimer	Reiterated Rating	Outperform ➝ Outperform	$42.00	Low
7/19/2023	JPMorgan Chase & Co.	Boost Target		$35.00 ➝ $38.00	Low
5/9/2023	Truist Financial	Boost Target		$32.00 ➝ $35.00	Low
5/9/2023	Cantor Fitzgerald	Lower Target		$30.00 ➝ $27.00	Low
5/9/2023	Northland Securities	Upgrade	Market Perform ➝ Outperform	$30.00	Low
5/9/2023	Guggenheim	Upgrade	Neutral ➝ Buy	$30.00	Low
5/2/2023	Barclays	Downgrade	Equal Weight ➝ Underweight	$27.00 ➝ $19.00	Low
4/3/2023	Morgan Stanley	Lower Target	Equal Weight	$32.00 ➝ $29.00	Low
3/30/2023	The Goldman Sachs Group	Upgrade	Sell ➝ Neutral	$20.00 ➝ $22.00	Low
3/17/2023	Barclays	Lower Target		$30.00 ➝ $27.00	Low
3/9/2023	Citigroup	Initiated Coverage	Buy	$34.00	Low
3/6/2023	Credit Suisse Group	Reiterated Rating	Outperform	$29.00	Low
3/1/2023	Northland Securities	Downgrade	Outperform ➝ Market Perform	$30.00 ➝ $27.00	Low
2/27/2023	Truist Financial	Boost Target	Buy	$30.00 ➝ $32.00	Low
1/25/2023	Cantor Fitzgerald	Initiated Coverage	Neutral	$30.00	Low
1/20/2023	Cowen	Lower Target	Outperform	$37.50 ➝ $35.00	Low
1/17/2023	Credit Suisse Group	Boost Target	Outperform	$26.00 ➝ $29.00	Low
1/10/2023	Morgan Stanley	Lower Target	Equal Weight	$36.00 ➝ $32.00	Low
12/8/2022	JPMorgan Chase & Co.	Boost Target		$35.00 ➝ $36.00	Low
11/17/2022	Oppenheimer	Boost Target		$41.00	Low
11/16/2022	Barclays	Boost Target	Equal Weight	$25.00 ➝ $30.00	Low
11/15/2022	JPMorgan Chase & Co.	Boost Target	Overweight	$32.00 ➝ $35.00	Low
11/15/2022	The Goldman Sachs Group	Boost Target	Sell	$18.00 ➝ $20.00	Low
11/15/2022	Northland Securities	Upgrade	Market Perform ➝ Outperform	$30.00	Low
11/15/2022	Piper Sandler	Boost Target	Neutral	$28.00 ➝ $30.00	Low
10/20/2022	JPMorgan Chase & Co.	Lower Target	Overweight	$35.00 ➝ $32.00	Low
9/22/2022	Morgan Stanley	Boost Target	Equal Weight	$33.00 ➝ $36.00	Low
9/16/2022	Cowen	Upgrade	Market Perform ➝ Outperform	$29.00 ➝ $37.50	Low
9/16/2022	Cowen	Upgrade	Market Perform ➝ Outperform	$29.00 ➝ $37.50	Low
9/9/2022	Guggenheim	Downgrade	Buy ➝ Neutral		Low
9/7/2022	The Goldman Sachs Group	Downgrade	Buy ➝ Sell	$23.00 ➝ $21.00	Low
8/18/2022	Morgan Stanley	Boost Target	Equal Weight	$21.00 ➝ $33.00	Low
8/16/2022	Roth Capital	Boost Target		$20.00 ➝ $40.00	Low
8/16/2022	Truist Financial	Boost Target	Buy	$25.00 ➝ $30.00	Low
8/16/2022	Barclays	Boost Target	Equal Weight	$24.00 ➝ $25.00	Low
8/8/2022	JPMorgan Chase & Co.	Boost Target	Overweight	$31.00 ➝ $35.00	Low
8/5/2022	Barclays	Initiated Coverage	Equal Weight	$24.00	Low
7/25/2022	Credit Suisse Group	Lower Target	Outperform	$25.00 ➝ $20.00	Low
7/20/2022	JPMorgan Chase & Co.	Boost Target		$27.00 ➝ $31.00	Low
7/19/2022	Northland Securities	Downgrade	Outperform ➝ Market Perform		Low
7/19/2022	Piper Sandler	Boost Target	Neutral	$15.00 ➝ $20.00	Low
6/20/2022	The Goldman Sachs Group	Boost Target	Buy	$19.00 ➝ $22.00	Low
6/13/2022	Morgan Stanley	Lower Target	Equal Weight	$25.00 ➝ $21.00	Low
6/9/2022	UBS Group	Boost Target		$27.00	Medium
6/9/2022	Truist Financial	Upgrade	Hold ➝ Buy	$16.00 ➝ $25.00	High
5/18/2022	Truist Financial	Lower Target	NA	$20.00 ➝ $16.00	Medium
5/18/2022	Credit Suisse Group	Lower Target		$31.00 ➝ $25.00	High
5/17/2022	Piper Sandler	Lower Target	NA	$15.00	High
5/17/2022	Oppenheimer	Lower Target	NA	$40.00	High
5/17/2022	Cowen	Lower Target	NA	$20.00	High
5/17/2022	Guggenheim	Lower Target	NA	$22.00 ➝ $19.00	High
5/10/2022	Northland Securities	Initiated Coverage	Outperform	$16.00	High
4/19/2022	JPMorgan Chase & Co.	Lower Target	Overweight	$35.00 ➝ $33.00	High
4/8/2022	Piper Sandler	Downgrade	Overweight ➝ Neutral	$26.00 ➝ $16.00	High
3/30/2022	Colliers Securities	Reiterated Rating	Neutral		High
3/22/2022	Morgan Stanley	Lower Target	Equal Weight	$27.00 ➝ $25.00	Low
3/11/2022	Piper Sandler	Lower Target	Overweight	$39.00 ➝ $26.00	High
3/11/2022	Guggenheim	Upgrade	Neutral ➝ Buy	$22.00	High
1/24/2022	Truist Financial	Lower Target	Hold	$34.00 ➝ $20.00	High
1/20/2022	JPMorgan Chase & Co.	Lower Target		$43.00 ➝ $37.00	High
1/13/2022	Morgan Stanley	Lower Target	Equal Weight	$34.00 ➝ $27.00	High
1/7/2022	Piper Sandler	Lower Target	Overweight ➝ Overweight	$42.00 ➝ $39.00	Low
11/10/2021	Roth Capital	Lower Target	Buy	$44.00 ➝ $37.00	High
11/10/2021	Barclays	Lower Target	Equal Weight	$32.00 ➝ $29.00	High
10/20/2021	Guggenheim	Downgrade	Buy ➝ Neutral		Medium
10/15/2021	Truist Financial	Initiated Coverage	Hold	$34.00	High
8/19/2021	Morgan Stanley	Boost Target	Equal Weight	$31.00 ➝ $34.00	Low
7/21/2021	JPMorgan Chase & Co.	Boost Target	Average ➝ Overweight	$42.00 ➝ $46.00	High
7/2/2021	The Goldman Sachs Group	Boost Target	Buy	$33.00 ➝ $36.00	Low
6/29/2021	Piper Sandler	Initiated Coverage	Overweight	$43.00	High
5/26/2021	Morgan Stanley	Lower Target	Equal Weight	$32.00 ➝ $31.00	Low
5/24/2021	Credit Suisse Group	Upgrade	Neutral ➝ Outperform	$40.00	High
5/19/2021	The Goldman Sachs Group	Upgrade	Neutral ➝ Buy	$36.00 ➝ $33.00	High
5/4/2021	Cowen	Lower Target	Market Perform	$40.00 ➝ $31.00	High
4/28/2021	Barclays	Reiterated Rating	Overweight ➝ Equal Weight	$49.00 ➝ $35.00	Medium
4/22/2021	Barclays	Downgrade	Overweight ➝ Equal Weight	$35.00	Low
3/22/2021	Johnson Rice	Initiated Coverage	Buy	$43.00	Low
3/11/2021	Roth Capital	Initiated Coverage	In-Line ➝ Buy	$38.00	High
3/10/2021	Morgan Stanley	Lower Target	Equal Weight	$41.00 ➝ $32.00	High
3/8/2021	JPMorgan Chase & Co.	Lower Target	Overweight	$44.00 ➝ $40.00	Medium
2/22/2021	Oppenheimer	Initiated Coverage	Outperform	$46.00	High
2/22/2021	UBS Group	Initiated Coverage	Buy	$48.00	High
2/22/2021	JPMorgan Chase & Co.	Initiated Coverage	Overweight	$44.00	High
2/22/2021	Morgan Stanley	Initiated Coverage	Equal Weight	$41.00	High
2/22/2021	Credit Suisse Group	Initiated Coverage	Neutral	$40.00	High
2/22/2021	Cowen	Initiated Coverage	Outperform	$39.00	High
2/22/2021	The Goldman Sachs Group	Initiated Coverage	Neutral	$30.00	High
2/22/2021	Guggenheim	Initiated Coverage	Buy	$48.00	High
2/22/2021	Barclays	Initiated Coverage	Overweight	$49.00	High

(Data available from 4/19/2019 forward)

News Sentiment Rating

0.10 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

9 very positive mentions
3 positive mentions
1 negative mentions
0 very negative mentions

Mentions as of

9/21/2023

7 very positive mentions
10 positive mentions
2 negative mentions
0 very negative mentions

Mentions as of

10/21/2023

2 very positive mentions
4 positive mentions
0 negative mentions
0 very negative mentions

Mentions as of

11/20/2023

4 very positive mentions
5 positive mentions
1 negative mentions
0 very negative mentions

Mentions as of

12/20/2023

7 very positive mentions
3 positive mentions
0 negative mentions
0 very negative mentions

Mentions as of

1/19/2024

8 very positive mentions
10 positive mentions
0 negative mentions
0 very negative mentions

Mentions as of

2/18/2024

20 very positive mentions
17 positive mentions
7 negative mentions
1 very negative mentions

Mentions as of

3/19/2024

5 very positive mentions
54 positive mentions
8 negative mentions
0 very negative mentions

Mentions as of

4/18/2024

Current Sentiment

Recent Stories by Sentiment

Very Negative

No very negative mentions tracked during this time.

Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions and components for solar, battery energy, and electric vehicle (EV) charging applications in the United States and internationally. The company designs, manufactures, and sells system solutions for both homerun and combine-as-you-go wiring architectures, as well as offers technical support services. It provides EBOS components, including combiners; plug-n-play branch connectors and inline fuses; AC disconnects; recombiners; wireless monitoring; junction boxes; wire management; EV power cabinets; and battery energy storage systems cabinets, as well as cable assemblies, transition enclosures, and splice boxes. In addition, the company offers eMobility solutions, such as a power center, which combines equipment needed to protect the charging equipment and transform voltage levels from the electric utility to those needed on the respective site; quick connect solutions for chargers to connect to the Shoals system; big lead assembly (BLA) technology in the EV space to connect multiple chargers to a single power center; and a raceway system that protects the above ground EV BLAs in walk over and drive over applications. Further, it provides Snapshot IV, a solar operations and maintenance solution that monitors the specific voltage and current of individual solar panels and compares the results against the manufacturer's projected performance. The company sells its products to engineering, procurement, and construction firms that build solar energy projects; utilities; solar developers, independent power producers; solar module manufacturers; and charge point operators. Shoals Technologies Group, Inc. was founded in 1996 and is headquartered in Portland, Tennessee.

Today's Range

Now: $8.21

$8.11

$8.37

50 Day Range

MA: $12.54

$8.21

$17.02

52 Week Range

Now: $8.21

$8.11

$28.34

Volume

3,349,320 shs

Average Volume

4,263,900 shs

Market Capitalization

$1.40 billion

P/E Ratio

32.84

Dividend Yield

N/A

Beta

1.79

Frequently Asked Questions

What sell-side analysts currently cover shares of Shoals Technologies Group?: The following Wall Street sell-side analysts have issued reports on Shoals Technologies Group in the last twelve months: Barclays PLC, BNP Paribas, Cantor Fitzgerald, Citigroup Inc., Guggenheim, Janney Montgomery Scott, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Northland Securities, Oppenheimer Holdings Inc., Piper Sandler, Royal Bank of Canada, TD Cowen, The Goldman Sachs Group, Inc., Truist Financial Co., and UBS Group AG.
View the latest analyst ratings for SHLS.
What is the current price target for Shoals Technologies Group?: 17 Wall Street analysts have set twelve-month price targets for Shoals Technologies Group in the last year. Their average twelve-month price target is $21.06, suggesting a possible upside of 156.5%. BNP Paribas has the highest price target set, predicting SHLS will reach $33.00 in the next twelve months. Barclays PLC has the lowest price target set, forecasting a price of $13.00 for Shoals Technologies Group in the next year.
View the latest price targets for SHLS.
What is the current consensus analyst rating for Shoals Technologies Group?: Shoals Technologies Group currently has 3 hold ratings and 14 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for SHLS.
What other companies compete with Shoals Technologies Group?: Other companies that are similar to Shoals Technologies Group include JinkoSolar, Canadian Solar, SunPower, SolarEdge Technologies and Central Puerto. Learn More about companies similar to Shoals Technologies Group.
How do I contact Shoals Technologies Group's investor relations team?: Shoals Technologies Group's physical mailing address is 1400 SHOALS WAY, PORTLAND TN, 37148. The company's listed phone number is 615-451-1400 and its investor relations email address is [email protected]. The official website for Shoals Technologies Group is www.shoals.com. Learn More about contacing Shoals Technologies Group investor relations.

Shoals Technologies Group - SHLS Stock Price Target and Predictions

Analyst Price Target for SHLS

Current Consensus is Moderate Buy

Past Monthly Recommendations

Latest Recommendations

News Sentiment Rating

0.10 (Hold)

News Sentiment Over Time

Current Sentiment

Recent Stories by Sentiment

Very Negative

Negative

Positive

Very Positive

Today's Range

50 Day Range

52 Week Range

Volume

Average Volume

Market Capitalization

P/E Ratio

Dividend Yield

Beta

Frequently Asked Questions

What sell-side analysts currently cover shares of Shoals Technologies Group?

What is the current price target for Shoals Technologies Group?

What is the current consensus analyst rating for Shoals Technologies Group?

What other companies compete with Shoals Technologies Group?

How do I contact Shoals Technologies Group's investor relations team?