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Shoals Technologies Group - SHLS Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $28.86
  • Forecasted Upside: 25.14 %
  • Number of Analysts: 13
  • Breakdown:
  • 1 Sell Ratings
  • 6 Hold Ratings
  • 6 Buy Ratings
  • 0 Strong Buy Ratings
$23.06 As of 10/3/2022 02:03 PM ET
▲ +1.51 (7.01%)

This chart shows the closing price for SHLS by one month, three months, or twelve months.

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Analyst Price Target for SHLS

Analyst Price Target is $28.86
▲ +25.14% Upside Potential
This price target is based on 13 analysts offering 12 month price targets for Shoals Technologies Group in the last 3 months. The average price target is $28.86, with a high forecast of $40.00 and a low forecast of $16.00. The average price target represents a 25.14% upside from the last price of $23.06.

This chart shows the closing price for SHLS for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 13 investment analysts is to hold stock in Shoals Technologies Group. This rating has held steady since February 2022, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 6 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
4/11/2021
  • 0 strong buy ratings
  • 6 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
7/10/2021
  • 0 strong buy ratings
  • 6 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
10/8/2021
  • 0 strong buy ratings
  • 7 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
1/6/2022
  • 0 strong buy ratings
  • 5 buy ratings
  • 5 hold ratings
  • 1 sell ratings
Ratings as of
4/6/2022
  • 0 strong buy ratings
  • 4 buy ratings
  • 6 hold ratings
  • 1 sell ratings
Ratings as of
7/5/2022
  • 0 strong buy ratings
  • 5 buy ratings
  • 6 hold ratings
  • 1 sell ratings
Ratings as of
9/3/2022
  • 0 strong buy ratings
  • 6 buy ratings
  • 6 hold ratings
  • 1 sell ratings
Ratings as of
10/3/2022

Latest Recommendations

  • 0 strong buy ratings
  • 6 buy ratings
  • 6 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
9/22/2022Morgan StanleyBoost TargetEqual Weight$33.00 ➝ $36.00Low
9/16/2022CowenUpgradeMarket Perform ➝ Outperform$29.00 ➝ $37.50Low
9/16/2022CowenUpgradeMarket Perform ➝ Outperform$29.00 ➝ $37.50Low
9/9/2022GuggenheimDowngradeBuy ➝ NeutralLow
9/7/2022The Goldman Sachs GroupDowngradeBuy ➝ Sell$23.00 ➝ $21.00Low
8/18/2022Morgan StanleyBoost TargetEqual Weight$21.00 ➝ $33.00Low
8/16/2022Roth CapitalBoost Target$20.00 ➝ $40.00Low
8/16/2022Truist FinancialBoost TargetBuy$25.00 ➝ $30.00Low
8/16/2022BarclaysBoost TargetEqual Weight$24.00 ➝ $25.00Low
8/8/2022JPMorgan Chase & Co.Boost TargetOverweight$31.00 ➝ $35.00Low
8/5/2022BarclaysInitiated CoverageEqual Weight$24.00Low
7/25/2022Credit Suisse GroupLower TargetOutperform$25.00 ➝ $20.00Low
7/20/2022JPMorgan Chase & Co.Boost Target$27.00 ➝ $31.00Low
7/19/2022Northland SecuritiesDowngradeOutperform ➝ Market PerformLow
7/19/2022Piper SandlerBoost TargetNeutral$15.00 ➝ $20.00Low
6/20/2022The Goldman Sachs GroupBoost TargetBuy$19.00 ➝ $22.00Low
6/13/2022Morgan StanleyLower TargetEqual Weight$25.00 ➝ $21.00Low
6/9/2022UBS GroupBoost Target$27.00Medium
6/9/2022Truist FinancialUpgradeHold ➝ Buy$16.00 ➝ $25.00High
5/18/2022Truist FinancialLower TargetNA$20.00 ➝ $16.00Medium
5/18/2022Credit Suisse GroupLower Target$31.00 ➝ $25.00High
5/17/2022Piper SandlerLower TargetNA$15.00High
5/17/2022OppenheimerLower TargetNA$40.00High
5/17/2022CowenLower TargetNA$20.00High
5/17/2022GuggenheimLower TargetNA$22.00 ➝ $19.00High
5/10/2022Northland SecuritiesInitiated CoverageOutperform$16.00High
4/19/2022JPMorgan Chase & Co.Lower TargetOverweight$35.00 ➝ $33.00High
4/8/2022Piper SandlerDowngradeOverweight ➝ Neutral$26.00 ➝ $16.00High
3/30/2022Colliers SecuritiesReiterated RatingNeutralHigh
3/22/2022Morgan StanleyLower TargetEqual Weight$27.00 ➝ $25.00Low
3/11/2022Piper SandlerLower TargetOverweight$39.00 ➝ $26.00High
3/11/2022GuggenheimUpgradeNeutral ➝ Buy$22.00High
1/24/2022Truist FinancialLower TargetHold$34.00 ➝ $20.00High
1/20/2022JPMorgan Chase & Co.Lower Target$43.00 ➝ $37.00High
1/13/2022Morgan StanleyLower TargetEqual Weight$34.00 ➝ $27.00High
1/7/2022Piper SandlerLower TargetOverweight ➝ Overweight$42.00 ➝ $39.00Low
11/10/2021Roth CapitalLower TargetBuy$44.00 ➝ $37.00High
11/10/2021BarclaysLower TargetEqual Weight$32.00 ➝ $29.00High
10/20/2021GuggenheimDowngradeBuy ➝ NeutralMedium
10/15/2021Truist FinancialInitiated CoverageHold$34.00High
8/19/2021Morgan StanleyBoost TargetEqual Weight$31.00 ➝ $34.00Low
7/21/2021JPMorgan Chase & Co.Boost TargetAverage ➝ Overweight$42.00 ➝ $46.00High
7/2/2021The Goldman Sachs GroupBoost TargetBuy$33.00 ➝ $36.00Low
6/29/2021Piper SandlerInitiated CoverageOverweight$43.00High
5/26/2021Morgan StanleyLower TargetEqual Weight$32.00 ➝ $31.00Low
5/24/2021Credit Suisse GroupUpgradeNeutral ➝ Outperform$40.00High
5/19/2021The Goldman Sachs GroupUpgradeNeutral ➝ Buy$36.00 ➝ $33.00High
5/4/2021CowenLower TargetMarket Perform$40.00 ➝ $31.00High
4/28/2021BarclaysReiterated RatingOverweight ➝ Equal Weight$49.00 ➝ $35.00Medium
4/22/2021BarclaysDowngradeOverweight ➝ Equal Weight$35.00Low
3/22/2021Johnson RiceInitiated CoverageBuy$43.00Low
3/11/2021Roth CapitalInitiated CoverageIn-Line ➝ Buy$38.00High
3/10/2021Morgan StanleyLower TargetEqual Weight$41.00 ➝ $32.00High
3/8/2021JPMorgan Chase & Co.Lower TargetOverweight$44.00 ➝ $40.00Medium
2/22/2021OppenheimerInitiated CoverageOutperform$46.00High
2/22/2021UBS GroupInitiated CoverageBuy$48.00High
2/22/2021JPMorgan Chase & Co.Initiated CoverageOverweight$44.00High
2/22/2021Morgan StanleyInitiated CoverageEqual Weight$41.00High
2/22/2021Credit Suisse GroupInitiated CoverageNeutral$40.00High
2/22/2021CowenInitiated CoverageOutperform$39.00High
2/22/2021The Goldman Sachs GroupInitiated CoverageNeutral$30.00High
2/22/2021GuggenheimInitiated CoverageBuy$48.00High
2/22/2021BarclaysInitiated CoverageOverweight$49.00High
(Data available from 10/3/2017 forward)

News Sentiment Rating

0.58 (Buy)

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

Skip to Current Sentiment Summary
  • 2 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/7/2022
  • 2 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/6/2022
  • 0 very positive mentions
  • 3 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
5/6/2022
  • 1 very positive mentions
  • 5 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
Mentions as of
6/5/2022
  • 2 very positive mentions
  • 4 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
7/5/2022
  • 2 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/4/2022
  • 4 very positive mentions
  • 15 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
9/3/2022
  • 4 very positive mentions
  • 12 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
10/3/2022

Current Sentiment

  • 4 very positive mentions
  • 12 positive mentions
  • 1 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

Shoals Technologies Group logo
Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions for solar energy projects in the United States. It produces EBOS components, including cable assemblies, inline fuses, combiners, disconnects, recombiners, wireless monitoring systems, junction boxes, transition enclosures, splice boxes, wire management solutions, and IV curve benchmarking devices. The company also sells EV Charging solutions for public and fleet electric vehicle charging stations; and EBOS systems. It sells its products principally to engineering, procurement, and construction firms that build solar energy projects and install electric vehicle charging stations. Shoals Technologies Group, Inc. was founded in 1996 and is headquartered in Portland, Tennessee.
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Today's Range

Now: $23.06
Low: $21.46
High: $23.06

50 Day Range

MA: $23.95
Low: $17.90
High: $27.76

52 Week Range

Now: $23.06
Low: $9.58
High: $36.86

Volume

22,326 shs

Average Volume

2,489,123 shs

Market Capitalization

$3.86 billion

P/E Ratio

576.64

Dividend Yield

N/A

Beta

2.13

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, Colliers Securities, Cowen Inc, Cowen Inc., Credit Suisse Group AG, Guggenheim, JPMorgan Chase & Co., Morgan Stanley, Northland Securities, Oppenheimer Holdings Inc., Piper Sandler, Roth Capital, 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?

14 Wall Street analysts have set twelve-month price targets for Shoals Technologies Group in the last year. Their average twelve-month price target is $28.86, suggesting a possible upside of 25.1%. Oppenheimer Holdings Inc. has the highest price target set, predicting SHLS will reach $40.00 in the next twelve months. Northland Securities has the lowest price target set, forecasting a price of $16.00 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 1 sell rating, 6 hold ratings and 6 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in SHLS, but not buy more shares or sell existing shares.
View the latest ratings for SHLS.

What other companies compete with Shoals Technologies Group?

Other companies that are similar to Shoals Technologies Group include SunPower, JinkoSolar, Canadian Solar, Maxeon Solar Technologies and SolarEdge Technologies. 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.