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

  • Consensus Rating: Buy
  • Consensus Price Target: $42.78
  • Forecasted Upside: 31.14 %
  • Number of Analysts: 9
  • Breakdown:
  • 0 Sell Ratings
  • 3 Hold Ratings
  • 6 Buy Ratings
  • 0 Strong Buy Ratings
$32.62 As of 02/26/2021 01:00 AM ET
▼ -1.4 (-4.12%)
1 month | 3 months | 12 months
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Analyst Price Target for SHLS

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$42.78
▲ +31.14% Upside Potential
This price target is based on 9 analysts offering 12 month price targets for Shoals Technologies Group in the last 3 months. The average price target is $42.78, with a high forecast of $49.00 and a low forecast of $30.00. The average price target represents a 31.14% upside from the last price of $32.62.
Buy
The current consensus among 9 contributing investment analysts is to buy stock in Shoals Technologies Group.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
9/8/2019
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
12/7/2019
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
3/6/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
6/4/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
9/2/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
12/1/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
1/30/2021
  • 0 strong buy ratings
  • 6 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
3/1/2021

Latest Recommendations

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

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
2/22/2021OppenheimerInitiated CoverageOutperform$46.00High
i
2/22/2021UBS GroupInitiated CoverageBuy$48.00High
i
2/22/2021JPMorgan Chase & Co.Initiated CoverageOverweight$44.00High
i
2/22/2021Morgan StanleyInitiated CoverageEqual Weight$41.00High
i
2/22/2021Credit Suisse GroupInitiated CoverageNeutral$40.00High
i
2/22/2021CowenInitiated CoverageOutperform$39.00High
i
2/22/2021The Goldman Sachs GroupInitiated CoverageNeutral$30.00High
i
2/22/2021GuggenheimInitiated CoverageBuy$48.00High
i
2/22/2021BarclaysInitiated CoverageOverweight$49.00High
i
(Data available from 3/1/2016 forward)
Shoals Technologies Group logo
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, disconnects, recombiners, 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.
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Today's Range

Now: $32.62
$32.00
$34.20

50 Day Range

MA: N/A

52 Week Range

Now: $32.62
$30.04
$44.04

Volume

1,481,000 shs

Average Volume

2,886,300 shs

Market Capitalization

$5.43 billion

P/E Ratio

N/A

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, JPMorgan Chase & Co., Morgan Stanley, Oppenheimer Holdings Inc., The Goldman Sachs Group, Inc., and UBS Group AG.
View the latest analyst ratings for SHLS.

What is the current price target for Shoals Technologies Group?

9 Wall Street analysts have set twelve-month price targets for Shoals Technologies Group in the last year. Their average twelve-month price target is $42.78, suggesting a possible upside of 31.1%. Barclays PLC has the highest price target set, predicting SHLS will reach $49.00 in the next twelve months. The Goldman Sachs Group, Inc. has the lowest price target set, forecasting a price of $30.00 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 6 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 SMA Solar Technology, iSun, Solar Integrated Roofing, Verditek, EnerDynamic Hybrid Technologies, UGE International, PV Crystalox Solar plc (PVCS.L), Ascent Solar Technologies, New Energy Exchange, SMA Solar Technology, SunHydrogen, TGI Solar Power Group and Xinyi Solar.

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

The company's listed phone number is 615 451 1400. The official website for Shoals Technologies Group is www.shoals.com.