Shoals Technologies Group

SHLS · NASDAQ

$7.47+$0.16 (+2.19%)TodayMarket closed · Oct 20, 4:10 PM ET

Prev close $7.31

SHLS analyst rating

BuyConsensus of 13 analysts over the last 12 months. 69% rate it a buy.

Strong buy0
Buy9
Hold4
Underperform0
Sell0

12-month price target · 20 analysts

Average $11.73 (+57.0% upside)

Low: $8.08
Now: $7.47
High: $15.75

Upgrades and downgrades

The latest rating actions, newest first

SHLS analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
JP Morgan	Oct 19, 2026	Maintains	Overweight	$13.00 → $12.00	48%
Mizuho	Oct 16, 2026	Maintains	Neutral	$11.00 → $10.00	44%
Jefferies	Oct 14, 2026	Maintains	Buy	$12.00 → $11.00	58%
Barclays	Oct 8, 2026	Maintains	Overweight	$10.00 → $11.00	46%
RBC Capital	Aug 5, 2026	Maintains	Outperform	$9.00 → $10.00	51%
Goldman Sachs	Jul 21, 2026	Maintains	Buy	$11.00 → $13.00	46%
Jefferies	Jul 14, 2026	Maintains	Buy	$10.00 → $12.00	58%
Barclays	Jun 26, 2026	Maintains	Overweight	$9.00 → $10.00	46%
Wells Fargo	Jun 11, 2026	Maintains	Equal-Weight	$9.00 → $10.00	44%
UBS	May 7, 2026	Maintains	Buy	$11.00 → $12.00	45%

The case for and against

Updated Apr 28, 2026

Bull case

Shoals Technologies Group is expected to continue its strong growth trajectory, driven by resilient demand in the utility scale solar market and growth opportunities in international markets and battery energy storage systems. The company's recent agreements, increased quoting volume, and strong backlog of delivery dates support its revenue growth outlook for 2026. Although the company faced margin pressure in Q4, it is taking steps to address this issue through facility consolidation. The current valuation for Shoals Technologies Group offers an attractive entry point for investors, with the potential for EBITDA margin expansion in the future.

Bear case

Shoals Technologies Group is facing some challenges that will likely have a negative impact on its stock performance. These include a lower margin outlook, a decrease in adjusted EBITDA, and increased competition in the market for long tail BLA solutions. Additionally, uncertainties in the supply chain, slower-than-expected international expansion, and potential disruptions in supply due to COVID-19 or tariffs could impede growth and profitability. As a result, the stock is expected to trade at lower levels for the near future until these issues are resolved.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.