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SHLS
Volume: 3.03M
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SHLS Stock Forecast & Price Target

SHLS Analyst Ratings

Based on 24 analyst ratings
Buy
Strong Buy 38%
Buy 38%
Hold 17%
Sell 8%
Strong Sell 0%

Bulls say

Shoals Technologies Group reported a strong growth in backlog and awarded orders, reaching $634.7 million, an increase from last quarter's $596.6 million, indicating steady demand for its electrical balance of system solutions within the solar energy sector. The company achieved a notable 20% year-over-year increase in non-Blattner revenues, signaling the effectiveness of its commercial strategy under new leadership, alongside a book-to-bill ratio of 1.36x for the quarter. With the utility-scale solar market projected to grow at a 14% CAGR and EV charging demand anticipated to grow at a remarkable 35% CAGR through 2030, Shoals is well-positioned to capitalize on these expanding opportunities.

Bears say

Shoals Technologies Group is facing a negative outlook due to a significant reduction in its revenue guidance for Q1'25, projected to be approximately 25% below prior consensus estimates. Adjusted EBITDA for both Q1'25 and 2025 indicates a concerning trend, with figures expected to fall 49% and 6% below previous estimates, respectively, while a major customer's revenue has declined by 41% year-over-year. Additionally, the anticipated lower margins in H1'25 highlight the company's struggles to achieve its long-term gross margin targets amid increased competition and operational challenges associated with its international expansion strategy.

SHLS has been analyzed by 24 analysts, with a consensus rating of Buy. 38% of analysts recommend a Strong Buy, 38% recommend Buy, 17% suggest Holding, 8% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Shoals Technologies Group and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Shoals Technologies Group (SHLS) Forecast

Analysts have given SHLS a Buy based on their latest research and market trends.

According to 24 analysts, SHLS has a Buy consensus rating as of Aug 25, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $13.63, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $13.63, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Shoals Technologies Group (SHLS)

Volume: 3.03M

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