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SHLS
Volume: 4.77M
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SHLS Stock Forecast & Price Target

SHLS Analyst Ratings

Based on 24 analyst ratings
Buy
Strong Buy 33%
Buy 38%
Hold 21%
Sell 8%
Strong Sell 0%

Bulls say

Shoals Technologies Group reported a robust backlog of $634.7 million, reflecting a strategic upward trajectory from the previous quarter and stable year-over-year figures. The company's 4Q'24 performance showcased a 20% year-over-year increase in non-Blattner revenues and solid bookings of $145 million, which translated to a book-to-bill ratio of 1.36, indicating healthy demand for their products. Furthermore, with the anticipated growth in utility-scale solar and EV charging sectors, forecasted at compound annual growth rates of 14% and 35%, respectively, Shoals is well-positioned to capitalize on expanding market opportunities.

Bears say

Shoals Technologies Group has guided for a significant decline in financial performance, with Q1'25 revenue expectations approximately 25% below prior consensus estimates, signaling potential challenges in meeting sales projections. Furthermore, the company's largest customer reported a year-over-year revenue decrease of 41%, raising concerns about customer reliance and market demand. Additionally, anticipated lower gross margins due to reduced revenue and operational inefficiencies may hinder profitability and affect the company's long-term financial outlook.

SHLS has been analyzed by 24 analysts, with a consensus rating of Buy. 33% of analysts recommend a Strong Buy, 38% recommend Buy, 21% 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 Jul 5, 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 $13.27, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $13.27, 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: 4.77M

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