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Shoals Technologies Group (SHLS) Stock Forecast, Price Target & Predictions

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SHLS Stock Forecast

Shoals Technologies Group (SHLS) stock forecast, based on 17 Wall Street analysts, predicts a 12-month average price target of $7.25, with a high of $9.00 and a low of $5.00. This represents a 114.50% increase from the last price of $3.38.

- $4 $8 $12 $16 $20 High: $9 Avg: $7.25 Low: $5 Last Closed Price: $3.38

SHLS Stock Rating

Shoals Technologies Group stock's rating consensus is Buy, based on 17 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 14 Buy (82.35%), 3 Hold (17.65%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 17 3 14 0 Strong Sell Sell Hold Buy Strong Buy

SHLS Price Target Upside V Benchmarks

TypeNameUpside
StockShoals Technologies Group114.50%
SectorEnergy Stocks 41.60%

Price Target Trends

1M3M12M
# Anlaysts--10
Avg Price Target--$7.65
Last Closing Price$3.38$3.38$3.38
Upside/Downside--126.33%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Apr, 256108--24
Mar, 256109--25
Feb, 255108--23
Jan, 255108--23
Dec, 245109--24
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 15, 2024Andrew PercocoMorgan Stanley$7.00$5.0837.80%107.10%
Nov 13, 2024Derek SoderbergCantor Fitzgerald$8.00$5.1256.25%136.69%
Nov 12, 2024Christine ChoBarclays$5.00$6.05-17.36%47.93%
Oct 18, 2024Christopher DendrinosRBC Capital$9.00$4.9482.19%166.27%
Oct 03, 2024Vikram BagriCitigroup$5.50$5.147.00%62.72%
Sep 10, 2024Kashy HarrisonPiper Sandler$10.00$5.6576.99%195.86%
Sep 06, 2024Jordan LevyTruist Financial$8.00$5.4845.99%136.69%
Sep 03, 2024Julian Dumoulin-SmithJefferies$5.00$6.23-19.74%47.93%
Sep 03, 2024Colin RuschOppenheimer$12.00$6.2791.39%255.03%
Aug 08, 2024Christine ChoBarclays$7.00$5.1535.92%107.10%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Nov 15, 2024Morgan StanleyReduceReducehold
Nov 13, 2024Cowen & Co.BuyBuyhold
Nov 13, 2024Cantor FitzgeraldOverweightOverweighthold
Oct 18, 2024RBC CapitalOutperformOutperformhold
Oct 14, 2024Wells FargoEqual-Weightinitialise
Oct 03, 2024UBSBuyBuyhold
Oct 03, 2024CitigroupSellNeutralupgrade
Sep 10, 2024Piper SandlerOverweightOverweighthold
Sep 04, 2024CitigroupSellSellhold
Sep 03, 2024JefferiesHoldinitialise

Financial Forecast

EPS Forecast

Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$0.21$0.04$1.11$0.24$0.31----
Avg Forecast$0.38$0.24$0.31$0.66$0.36$0.43$0.52$0.60$0.60
High Forecast$0.49$0.32$0.35$0.68$0.37$0.52$0.69$0.76$0.69
Low Forecast$0.34$0.22$0.29$0.64$0.33$0.29$0.36$0.48$0.54
Surprise %-44.74%-83.33%258.06%-63.64%-13.89%----

Revenue Forecast

$150M $260M $370M $480M $590M $700M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$175.52M$213.21M$326.94M$488.94M$399.21M----
Avg Forecast$175.10M$211.36M$318.33M$490.61M$393.97M$440.14M$501.77M$567.37M$610.61M
High Forecast$214.53M$258.96M$345.10M$492.22M$395.71M$474.39M$503.01M$569.99M$683.67M
Low Forecast$162.21M$195.80M$300.00M$489.82M$390.90M$406.24M$500.53M$564.75M$563.49M
Surprise %0.24%0.88%2.71%-0.34%1.33%----

Net Income Forecast

$0 $30M $60M $90M $120M $150M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$33.77M$3.94M$127.61M$39.97M$51.60M----
Avg Forecast$62.29M$40.09M$51.29M$108.57M$56.97M$49.92M$68.76M$85.90M$98.21M
High Forecast$80.52M$51.82M$56.90M$112.65M$60.32M$85.05M$113.65M$125.08M$113.48M
Low Forecast$56.33M$36.25M$47.45M$104.48M$53.62M$47.43M$58.85M$78.90M$88.36M
Surprise %-45.79%-90.16%148.81%-63.18%-9.42%----

SHLS Forecast FAQ

Is Shoals Technologies Group stock a buy?

Shoals Technologies Group stock has a consensus rating of Buy, based on 17 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 14 Buy, 3 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Shoals Technologies Group is a favorable investment for most analysts.

What is Shoals Technologies Group's price target?

Shoals Technologies Group's price target, set by 17 Wall Street analysts, averages $7.25 over the next 12 months. The price target range spans from $5 at the low end to $9 at the high end, suggesting a potential 114.50% change from the previous closing price of $3.38.

How does Shoals Technologies Group stock forecast compare to its benchmarks?

Shoals Technologies Group's stock forecast shows a 114.50% upside, outperforming the average forecast for the energy stocks sector (41.60%).

What is the breakdown of analyst ratings for Shoals Technologies Group over the past three months?

  • April 2025: 25.00% Strong Buy, 41.67% Buy, 33.33% Hold, 0% Sell, 0% Strong Sell.
  • March 2025: 24.00% Strong Buy, 40.00% Buy, 36.00% Hold, 0% Sell, 0% Strong Sell.
  • February 2025: 21.74% Strong Buy, 43.48% Buy, 34.78% Hold, 0% Sell, 0% Strong Sell.

What is Shoals Technologies Group’s EPS forecast?

Shoals Technologies Group's average annual EPS forecast for its fiscal year ending in December 2025 is $0.43, marking a 38.71% increase from the reported $0.31 in 2024. Estimates for the following years are $0.52 in 2026, $0.6 in 2027, and $0.6 in 2028.

What is Shoals Technologies Group’s revenue forecast?

Shoals Technologies Group's average annual revenue forecast for its fiscal year ending in December 2025 is $440.14M, reflecting a 10.25% increase from the reported $399.21M in 2024. The forecast for 2026 is $501.77M, followed by $567.37M for 2027, and $610.61M for 2028.

What is Shoals Technologies Group’s net income forecast?

Shoals Technologies Group's net income forecast for the fiscal year ending in December 2025 stands at $49.92M, representing a -3.25% decrease from the reported $51.6M in 2024. Projections indicate $68.76M in 2026, $85.9M in 2027, and $98.21M in 2028.