NASDAQ:SHLS - Shoals Technologies Group Stock Price Target and Predictions

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

Consensus Rating: Buy
Consensus Price Target: $40.42
Forecasted Upside: 46.49 %
Number of Analysts: 12
Breakdown:
0 Sell Ratings
3 Hold Ratings
9 Buy Ratings
0 Strong Buy Ratings

^$27.59 As of 07/23/2021 01:00 AM ET

▲ +0.04 (0.15%)

1 month | 3 months | 12 months

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Analyst Price Target for SHLS

^$40.42

▲ +46.49% Upside Potential

This price target is based on 12 analysts offering 12 month price targets for Shoals Technologies Group in the last 3 months. The average price target is $40.42, with a high forecast of $48.00 and a low forecast of $31.00. The average price target represents a 46.49% upside from the last price of $27.59.

Current Consensus is Buy

The current consensus among 12 investment analysts is to buy stock in Shoals Technologies Group.

Past Monthly Recommendations

Move your mouse over past months for details Read Past Recommendations Description Skip Past Price Target Consensus Chart

0 strong buy ratings
0 buy ratings
0 hold ratings
0 sell ratings

Ratings as of

1/31/2020

0 strong buy ratings
0 buy ratings
0 hold ratings
0 sell ratings

Ratings as of

4/30/2020

0 strong buy ratings
0 buy ratings
0 hold ratings
0 sell ratings

Ratings as of

7/29/2020

0 strong buy ratings
0 buy ratings
0 hold ratings
0 sell ratings

Ratings as of

10/27/2020

0 strong buy ratings
0 buy ratings
0 hold ratings
0 sell ratings

Ratings as of

1/25/2021

0 strong buy ratings
8 buy ratings
3 hold ratings
0 sell ratings

Ratings as of

4/25/2021

0 strong buy ratings
8 buy ratings
3 hold ratings
0 sell ratings

Ratings as of

6/24/2021

0 strong buy ratings
9 buy ratings
3 hold ratings
0 sell ratings

Ratings as of

7/24/2021

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
7/21/2021	JPMorgan Chase & Co.	Boost Price Target	Average ➝ Overweight	$42.00 ➝ $46.00	High
7/2/2021	The Goldman Sachs Group	Boost Price Target	Buy	$33.00 ➝ $36.00	Low
6/29/2021	Piper Sandler	Initiated Coverage	Overweight	$43.00	High
5/26/2021	Morgan Stanley	Lower Price 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 Price 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 Price Target	Equal Weight	$41.00 ➝ $32.00	High
3/8/2021	JPMorgan Chase & Co.	Lower Price 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 7/25/2016 forward)

Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions for solar energy projects in the United States. It offers EBOS components, such as cable assemblies, inline fuses, combiners, recombiners, disconnects, wireless monitoring systems, junction boxes, transition enclosures, and splice boxes that carry the electric current produced by solar panels to an inverter and to the power grid. The company sells its products to engineering, procurement, and construction firms that build solar energy projects. Shoals Technologies Group, Inc. was founded in 1996 and is headquartered in Portland, Tennessee.

Today's Range

Now: $27.59

$26.82

$27.93

50 Day Range

MA: $29.48

$21.50

$37.49

52 Week Range

Now: $27.59

$20.94

$44.04

Volume

871,910 shs

Average Volume

2,227,723 shs

Market Capitalization

$4.60 billion

P/E Ratio

91.97

Dividend Yield

N/A

Beta

N/A

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, Cowen Inc, Credit Suisse Group AG, Guggenheim, Johnson Rice, JPMorgan Chase & Co., Morgan Stanley, Oppenheimer Holdings Inc., Piper Sandler, Roth Capital, The Goldman Sachs Group, Inc., UBS Group AG, and Zacks Investment Research.
View the latest analyst ratings for SHLS.

What is the current price target for Shoals Technologies Group?

12 Wall Street analysts have set twelve-month price targets for Shoals Technologies Group in the last year. Their average twelve-month price target is $40.42, suggesting a possible upside of 46.5%. UBS Group AG has the highest price target set, predicting SHLS will reach $48.00 in the next twelve months. Morgan Stanley has the lowest price target set, forecasting a price of $31.00 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 9 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe SHLS will outperform the market and that investors should add to their positions of Shoals Technologies Group.
View the latest ratings for SHLS.

What other companies compete with Shoals Technologies Group?

Other companies that are similar to Shoals Technologies Group include ASE Technology, Advantest, Semiconductor Manufacturing International, ON Semiconductor, SolarEdge Technologies, IPG Photonics, Cree, First Solar, Lattice Semiconductor, Sumco, AU Optronics, BE Semiconductor Industries, Silicon Laboratories, Amkor Technology and Dialog Semiconductor.

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.