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Shoals Technologies Group - SHLS Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $10.64
  • Forecasted Upside: 107.87%
  • Number of Analysts: 23
  • Breakdown:
  • 3 Sell Ratings
  • 6 Hold Ratings
  • 14 Buy Ratings
  • 0 Strong Buy Ratings
$5.12 As of 12/20/2024 06:40 PM ET
▲ +0.58 (12.78%)

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 $10.64
▲ +107.87% Upside Potential
This price target is based on 23 analysts offering 12 month price targets for Shoals Technologies Group in the last 3 months. The average price target is $10.64, with a high forecast of $46.00 and a low forecast of $4.00. The average price target represents a 107.87% upside from the last price of $5.12.

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 23 contributing investment analysts is to hold stock in Shoals Technologies Group. This rating has held steady since June 2024, when it changed from a Moderate 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
  • 8 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
6/29/2023
  • 0 strong buy ratings
  • 9 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
9/27/2023
  • 0 strong buy ratings
  • 12 buy ratings
  • 2 hold ratings
  • 1 sell ratings
Ratings as of
12/26/2023
  • 0 strong buy ratings
  • 14 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
3/25/2024
  • 0 strong buy ratings
  • 13 buy ratings
  • 4 hold ratings
  • 2 sell ratings
Ratings as of
6/23/2024
  • 0 strong buy ratings
  • 11 buy ratings
  • 5 hold ratings
  • 4 sell ratings
Ratings as of
9/21/2024
  • 0 strong buy ratings
  • 11 buy ratings
  • 7 hold ratings
  • 3 sell ratings
Ratings as of
11/20/2024
  • 0 strong buy ratings
  • 14 buy ratings
  • 6 hold ratings
  • 3 sell ratings
Ratings as of
12/20/2024

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
12/17/2024The Goldman Sachs GroupLower TargetBuy ➝ Buy$10.00 ➝ $9.00
12/17/2024Morgan StanleyUpgradeEqual Weight ➝ Overweight$7.00
11/25/2024Bank of AmericaInitiated CoverageBuy$6.00
11/22/2024Piper SandlerLower TargetOverweight ➝ Overweight$10.00 ➝ $8.00
11/21/2024GuggenheimLower TargetBuy ➝ Buy$8.00 ➝ $7.00
11/15/2024Morgan StanleyLower TargetEqual Weight ➝ Equal Weight$8.00 ➝ $7.00
11/13/2024BarclaysLower TargetEqual Weight ➝ Equal Weight$7.00 ➝ $5.00
11/13/2024TD CowenBoost TargetBuy ➝ Buy$9.50 ➝ $11.00
10/17/2024JPMorgan Chase & Co.Lower TargetOverweight ➝ Overweight$14.00 ➝ $12.00
10/14/2024Wells Fargo & CompanyInitiated CoverageEqual Weight$46.00
10/10/2024BarclaysReiterated RatingEqual Weight ➝ Equal Weight$7.00 ➝ $7.00
10/3/2024CitigroupUpgradeSell ➝ Neutral$5.00 ➝ $5.50
9/17/2024Cantor FitzgeraldReiterated RatingOverweight ➝ Overweight$12.00 ➝ $12.00
9/10/2024Piper SandlerBoost TargetOverweight ➝ Overweight$8.00 ➝ $10.00
9/6/2024Roth MkmLower TargetNeutral ➝ Neutral$7.00 ➝ $6.00
9/6/2024Truist FinancialLower TargetBuy ➝ Buy$10.00 ➝ $8.00
9/6/2024Royal Bank of CanadaReiterated RatingOutperform ➝ Outperform$11.00 ➝ $11.00
9/4/2024Jefferies Financial GroupInitiated CoverageHold$5.00
8/8/2024BarclaysLower TargetEqual Weight ➝ Equal Weight$10.00 ➝ $7.00
8/8/2024Northland SecuritiesLower TargetUnderperform ➝ Underperform$6.00 ➝ $4.00
8/7/2024Roth CapitalDowngradeHold ➝ Strong Sell
8/7/2024JPMorgan Chase & Co.Lower TargetOverweight ➝ Overweight$23.00 ➝ $19.00
8/7/2024UBS GroupLower TargetBuy ➝ Buy$12.00 ➝ $9.00
8/7/2024Truist FinancialReiterated RatingBuy ➝ Buy$12.00 ➝ $10.00
8/7/2024Piper SandlerLower TargetOverweight ➝ Overweight$11.00 ➝ $8.00
8/7/2024OppenheimerLower TargetOutperform ➝ Outperform$14.00 ➝ $12.00
8/7/2024BNP ParibasDowngradeOutperform ➝ Neutral$15.00 ➝ $7.00
7/18/2024UBS GroupLower TargetBuy ➝ Buy$20.00 ➝ $12.00
7/18/2024BarclaysLower TargetEqual Weight ➝ Equal Weight$12.00 ➝ $10.00
7/16/2024JPMorgan Chase & Co.Boost TargetOverweight ➝ Overweight$21.00 ➝ $23.00
7/8/2024Royal Bank of CanadaLower TargetOutperform ➝ Outperform$15.00 ➝ $13.00
7/2/2024CitigroupDowngradeBuy ➝ Sell$15.00 ➝ $5.00
5/9/2024BarclaysLower TargetEqual Weight ➝ Equal Weight$13.00 ➝ $12.00
5/8/2024Northland CapmkDowngradeHold ➝ Strong Sell
5/8/2024Cantor FitzgeraldLower TargetOverweight ➝ Overweight$24.00 ➝ $14.00
5/8/2024Piper SandlerLower TargetOverweight ➝ Overweight$14.00 ➝ $11.00
5/8/2024Northland SecuritiesReiterated RatingMarket Perform ➝ Underperform$12.00 ➝ $6.00
5/8/2024MizuhoLower TargetBuy ➝ Buy$16.00 ➝ $13.00
5/8/2024TD CowenLower TargetBuy ➝ Buy$15.00 ➝ $11.00
5/8/2024Roth MkmDowngradeBuy ➝ Neutral$15.00 ➝ $8.00
5/7/2024Roth CapitalDowngradeBuy ➝ Neutral
5/7/2024Roth MkmLower TargetBuy ➝ Buy$20.00 ➝ $15.00
4/19/2024MizuhoLower TargetBuy ➝ Buy$18.00 ➝ $16.00
4/11/2024Piper SandlerLower TargetOverweight ➝ Overweight$16.00 ➝ $14.00
3/13/2024Cantor FitzgeraldReiterated RatingOverweight ➝ Overweight$24.00
3/5/2024BarclaysLower TargetEqual Weight ➝ Equal Weight$15.00 ➝ $13.00
3/1/2024UBS GroupLower TargetBuy ➝ Buy$28.00 ➝ $20.00
3/1/2024The Goldman Sachs GroupLower TargetBuy ➝ Buy$26.00 ➝ $23.00
2/29/2024Cantor FitzgeraldLower TargetOverweight ➝ Overweight$28.00 ➝ $24.00
2/29/2024Royal Bank of CanadaLower TargetOutperform ➝ Outperform$20.00 ➝ $17.00
2/29/2024JPMorgan Chase & Co.Lower TargetOverweight ➝ Overweight$32.00 ➝ $26.00
2/29/2024OppenheimerLower TargetOutperform ➝ Outperform$42.00 ➝ $17.00
2/29/2024Truist FinancialReiterated RatingBuy ➝ Buy$23.00 ➝ $20.00
2/29/2024MizuhoReiterated RatingBuy ➝ Buy$19.00 ➝ $18.00
2/29/2024Piper SandlerLower TargetOverweight ➝ Overweight$20.00 ➝ $16.00
2/29/2024TD CowenLower TargetOutperform$30.00 ➝ $22.00
2/14/2024Royal Bank of CanadaInitiated CoverageOutperform$20.00
1/22/2024BarclaysUpgradeUnderweight ➝ Equal Weight$17.00 ➝ $15.00
1/19/2024Janney Montgomery ScottInitiated CoverageBuy$20.00
1/3/2024MizuhoBoost TargetBuy ➝ Buy$18.00 ➝ $19.00
12/8/2023Morgan StanleyLower TargetEqual Weight ➝ Equal Weight$21.00 ➝ $17.00
11/21/2023MizuhoInitiated CoverageBuy$18.00
11/9/2023Truist FinancialLower TargetBuy ➝ Buy$25.00 ➝ $23.00
11/8/2023Cantor FitzgeraldReiterated RatingOverweight ➝ Overweight$28.00
10/20/2023BNP ParibasInitiated CoverageOutperform$33.00
10/19/2023JPMorgan Chase & Co.Lower TargetOverweight ➝ Overweight$38.00 ➝ $32.00
10/18/2023CitigroupLower TargetBuy ➝ Buy$34.00 ➝ $26.00
10/17/2023Morgan StanleyLower TargetEqual Weight ➝ Equal Weight$22.00 ➝ $21.00
10/11/2023The Goldman Sachs GroupUpgradeNeutral ➝ Buy$27.00 ➝ $28.00
10/6/2023Piper SandlerUpgradeNeutral ➝ Overweight$28.00
10/5/2023Northland SecuritiesDowngradeOutperform ➝ Market Perform$26.00 ➝ $18.00
10/4/2023Truist FinancialLower TargetBuy ➝ Buy$30.00 ➝ $25.00
9/12/2023Truist FinancialLower TargetBuy ➝ Buy$35.00 ➝ $30.00
9/6/2023Morgan StanleyLower TargetEqual Weight ➝ Equal Weight$28.00 ➝ $22.00
9/5/2023Cantor FitzgeraldUpgradeNeutral ➝ Overweight$27.00 ➝ $28.00
8/4/2023BarclaysBoost TargetUnderweight ➝ Underweight$19.00 ➝ $20.00
8/2/2023OppenheimerReiterated RatingOutperform ➝ Outperform$42.00
7/19/2023JPMorgan Chase & Co.Boost Target$35.00 ➝ $38.00
5/9/2023Truist FinancialBoost Target$32.00 ➝ $35.00
5/9/2023Cantor FitzgeraldLower Target$30.00 ➝ $27.00
5/9/2023Northland SecuritiesUpgradeMarket Perform ➝ Outperform$30.00
5/9/2023GuggenheimUpgradeNeutral ➝ Buy$30.00
5/2/2023BarclaysDowngradeEqual Weight ➝ Underweight$27.00 ➝ $19.00
4/3/2023Morgan StanleyLower TargetEqual Weight$32.00 ➝ $29.00
3/30/2023The Goldman Sachs GroupUpgradeSell ➝ Neutral$20.00 ➝ $22.00
3/17/2023BarclaysLower Target$30.00 ➝ $27.00
3/9/2023CitigroupInitiated CoverageBuy$34.00
3/6/2023Credit Suisse GroupReiterated RatingOutperform$29.00
3/1/2023Northland SecuritiesDowngradeOutperform ➝ Market Perform$30.00 ➝ $27.00
2/27/2023Truist FinancialBoost TargetBuy$30.00 ➝ $32.00
1/25/2023Cantor FitzgeraldInitiated CoverageNeutral$30.00
1/20/2023CowenLower TargetOutperform$37.50 ➝ $35.00
1/17/2023Credit Suisse GroupBoost TargetOutperform$26.00 ➝ $29.00
1/10/2023Morgan StanleyLower TargetEqual Weight$36.00 ➝ $32.00
12/8/2022JPMorgan Chase & Co.Boost Target$35.00 ➝ $36.00
11/17/2022OppenheimerBoost Target$41.00
11/16/2022BarclaysBoost TargetEqual Weight$25.00 ➝ $30.00
11/15/2022JPMorgan Chase & Co.Boost TargetOverweight$32.00 ➝ $35.00
11/15/2022The Goldman Sachs GroupBoost TargetSell$18.00 ➝ $20.00
11/15/2022Northland SecuritiesUpgradeMarket Perform ➝ Outperform$30.00
11/15/2022Piper SandlerBoost TargetNeutral$28.00 ➝ $30.00
10/20/2022JPMorgan Chase & Co.Lower TargetOverweight$35.00 ➝ $32.00
9/22/2022Morgan StanleyBoost TargetEqual Weight$33.00 ➝ $36.00
9/16/2022CowenUpgradeMarket Perform ➝ Outperform$29.00 ➝ $37.50
9/16/2022CowenUpgradeMarket Perform ➝ Outperform$29.00 ➝ $37.50
9/9/2022GuggenheimDowngradeBuy ➝ Neutral
9/7/2022The Goldman Sachs GroupDowngradeBuy ➝ Sell$23.00 ➝ $21.00
8/18/2022Morgan StanleyBoost TargetEqual Weight$21.00 ➝ $33.00
8/16/2022Roth CapitalBoost Target$20.00 ➝ $40.00
8/16/2022Truist FinancialBoost TargetBuy$25.00 ➝ $30.00
8/16/2022BarclaysBoost TargetEqual Weight$24.00 ➝ $25.00
8/8/2022JPMorgan Chase & Co.Boost TargetOverweight$31.00 ➝ $35.00
8/5/2022BarclaysInitiated CoverageEqual Weight$24.00
7/25/2022Credit Suisse GroupLower TargetOutperform$25.00 ➝ $20.00
7/20/2022JPMorgan Chase & Co.Boost Target$27.00 ➝ $31.00
7/19/2022Northland SecuritiesDowngradeOutperform ➝ Market Perform
7/19/2022Piper SandlerBoost TargetNeutral$15.00 ➝ $20.00
6/20/2022The Goldman Sachs GroupBoost TargetBuy$19.00 ➝ $22.00
6/13/2022Morgan StanleyLower TargetEqual Weight$25.00 ➝ $21.00
6/9/2022UBS GroupBoost Target$27.00
6/9/2022Truist FinancialUpgradeHold ➝ Buy$16.00 ➝ $25.00
5/18/2022Truist FinancialLower TargetNA$20.00 ➝ $16.00
5/18/2022Credit Suisse GroupLower Target$31.00 ➝ $25.00
5/17/2022Piper SandlerLower TargetNA$15.00
5/17/2022OppenheimerLower TargetNA$40.00
5/17/2022CowenLower TargetNA$20.00
5/17/2022GuggenheimLower TargetNA$22.00 ➝ $19.00
5/10/2022Northland SecuritiesInitiated CoverageOutperform$16.00
4/19/2022JPMorgan Chase & Co.Lower TargetOverweight$35.00 ➝ $33.00
4/8/2022Piper SandlerDowngradeOverweight ➝ Neutral$26.00 ➝ $16.00
3/30/2022Colliers SecuritiesReiterated RatingNeutral
3/22/2022Morgan StanleyLower TargetEqual Weight$27.00 ➝ $25.00
3/11/2022Piper SandlerLower TargetOverweight$39.00 ➝ $26.00
3/11/2022GuggenheimUpgradeNeutral ➝ Buy$22.00
1/24/2022Truist FinancialLower TargetHold$34.00 ➝ $20.00
1/20/2022JPMorgan Chase & Co.Lower Target$43.00 ➝ $37.00
1/13/2022Morgan StanleyLower TargetEqual Weight$34.00 ➝ $27.00
1/7/2022Piper SandlerLower TargetOverweight ➝ Overweight$42.00 ➝ $39.00
11/10/2021Roth CapitalLower TargetBuy$44.00 ➝ $37.00
11/10/2021BarclaysLower TargetEqual Weight$32.00 ➝ $29.00
10/20/2021GuggenheimDowngradeBuy ➝ Neutral
10/15/2021Truist FinancialInitiated CoverageHold$34.00
8/19/2021Morgan StanleyBoost TargetEqual Weight$31.00 ➝ $34.00
7/21/2021JPMorgan Chase & Co.Boost TargetAverage ➝ Overweight$42.00 ➝ $46.00
7/2/2021The Goldman Sachs GroupBoost TargetBuy$33.00 ➝ $36.00
6/29/2021Piper SandlerInitiated CoverageOverweight$43.00
5/26/2021Morgan StanleyLower TargetEqual Weight$32.00 ➝ $31.00
5/24/2021Credit Suisse GroupUpgradeNeutral ➝ Outperform$40.00
5/19/2021The Goldman Sachs GroupUpgradeNeutral ➝ Buy$36.00 ➝ $33.00
5/4/2021CowenLower TargetMarket Perform$40.00 ➝ $31.00
4/28/2021BarclaysReiterated RatingOverweight ➝ Equal Weight$49.00 ➝ $35.00
4/22/2021BarclaysDowngradeOverweight ➝ Equal Weight$35.00
3/22/2021Johnson RiceInitiated CoverageBuy$43.00
3/11/2021Roth CapitalInitiated CoverageIn-Line ➝ Buy$38.00
3/10/2021Morgan StanleyLower TargetEqual Weight$41.00 ➝ $32.00
3/8/2021JPMorgan Chase & Co.Lower TargetOverweight$44.00 ➝ $40.00
2/22/2021OppenheimerInitiated CoverageOutperform$46.00
2/22/2021UBS GroupInitiated CoverageBuy$48.00
2/22/2021JPMorgan Chase & Co.Initiated CoverageOverweight$44.00
2/22/2021Morgan StanleyInitiated CoverageEqual Weight$41.00
2/22/2021Credit Suisse GroupInitiated CoverageNeutral$40.00
2/22/2021CowenInitiated CoverageOutperform$39.00
2/22/2021The Goldman Sachs GroupInitiated CoverageNeutral$30.00
2/22/2021GuggenheimInitiated CoverageBuy$48.00
2/22/2021BarclaysInitiated CoverageOverweight$49.00
(Data available from 12/21/2019 forward)

News Sentiment Rating

0.91 (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
  • 11 very positive mentions
  • 45 positive mentions
  • 5 negative mentions
  • 0 very negative mentions
Mentions as of
5/25/2024
  • 17 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/24/2024
  • 9 very positive mentions
  • 6 positive mentions
  • 4 negative mentions
  • 0 very negative mentions
Mentions as of
7/24/2024
  • 11 very positive mentions
  • 16 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
8/23/2024
  • 13 very positive mentions
  • 16 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
Mentions as of
9/22/2024
  • 13 very positive mentions
  • 16 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
Mentions as of
10/22/2024
  • 12 very positive mentions
  • 15 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
11/21/2024
  • 21 very positive mentions
  • 10 positive mentions
  • 5 negative mentions
  • 0 very negative mentions
Mentions as of
12/21/2024

Current Sentiment

  • 21 very positive mentions
  • 10 positive mentions
  • 5 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 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.
Read More

Today's Range

Now: $5.12
Low: $4.45
High: $5.19

50 Day Range

MA: $5.01
Low: $4.15
High: $6.14

52 Week Range

Now: $5.12
Low: $4.07
High: $17.50

Volume

10,915,737 shs

Average Volume

4,989,508 shs

Market Capitalization

$853.50 million

P/E Ratio

25.60

Dividend Yield

N/A

Beta

1.69

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: Bank of America Co., Barclays PLC, BNP Paribas, Cantor Fitzgerald, Citigroup Inc., Guggenheim, Janney Montgomery Scott, Jefferies Financial Group Inc., JPMorgan Chase & Co., Mizuho, Morgan Stanley, Northland Capmk, Northland Securities, Oppenheimer Holdings Inc., Piper Sandler, Roth Capital, Roth Mkm, Royal Bank of Canada, TD Cowen, The Goldman Sachs Group, Inc., Truist Financial Co., UBS Group AG, and Wells Fargo & Company.
View the latest analyst ratings for SHLS.

What is the current price target for Shoals Technologies Group?

0 Wall Street analysts have set twelve-month price targets for Shoals Technologies Group in the last year. Their average twelve-month price target is $10.64, suggesting a possible upside of 107.9%. Wells Fargo & Company has the highest price target set, predicting SHLS will reach $46.00 in the next twelve months. Northland Securities has the lowest price target set, forecasting a price of $4.00 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 sell ratings, 6 hold ratings and 14 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 Kulicke and Soffa Industries, Viavi Solutions, NextNav, Silicon Motion Technology and Applied Optoelectronics. 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.