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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 16 Wall Street analysts, predicts a 12-month average price target of $7.72, with a high of $12.00 and a low of $5.00. This represents a 68.93% increase from the last price of $4.57.

- $4 $8 $12 $16 $20 High: $12 Avg: $7.72 Low: $5 Last Closed Price: $4.57

SHLS Stock Rating

Shoals Technologies Group stock's rating consensus is Buy, based on 16 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 8 Buy (50.00%), 7 Hold (43.75%), 1 Sell (6.25%), and 0 Strong Sell (0.00%).

Buy
Total 16 0 1 7 8 Strong Sell Sell Hold Buy Strong Buy

SHLS Price Target Upside V Benchmarks

TypeNameUpside
StockShoals Technologies Group68.93%
SectorEnergy Stocks 24.15%

Price Target Trends

1M3M12M
# Anlaysts-311
Avg Price Target-$6.67$8.23
Last Closing Price$4.57$4.57$4.57
Upside/Downside-45.95%80.09%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Feb, 255108--23
Jan, 255108--23
Dec, 245109--24
Nov, 2441091125
Oct, 2441091226
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%53.17%
Nov 13, 2024Derek SoderbergCantor Fitzgerald$8.00$5.1256.25%75.05%
Nov 12, 2024Christine ChoBarclays$5.00$6.05-17.36%9.41%
Oct 18, 2024Christopher DendrinosRBC Capital$9.00$4.9482.19%96.94%
Oct 03, 2024Vikram BagriCitigroup$5.50$5.147.00%20.35%
Sep 10, 2024Kashy HarrisonPiper Sandler$10.00$5.6576.99%118.82%
Sep 06, 2024Jordan LevyTruist Financial$8.00$5.4845.99%75.05%
Sep 03, 2024Julian Dumoulin-SmithJefferies$5.00$6.23-19.74%9.41%
Sep 03, 2024Colin RuschOppenheimer$12.00$6.2791.39%162.58%
Aug 08, 2024Christine ChoBarclays$7.00$5.1535.92%53.17%
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$0.37$0.04$1.11$0.24-----
Avg Forecast$0.38$0.24$0.31$0.66$0.36$0.43$0.52$0.60$0.60
High Forecast$0.34$0.22$0.29$0.64$0.33$0.29$0.36$0.48$0.54
Low Forecast$0.49$0.32$0.35$0.68$0.37$0.52$0.69$0.76$0.69
Surprise %-2.63%-83.33%258.06%-63.64%-----

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-----
Avg Forecast$175.10M$211.36M$318.33M$490.61M$393.97M$440.14M$501.77M$567.37M$610.61M
High Forecast$162.21M$195.80M$300.00M$489.82M$390.90M$406.24M$500.53M$564.75M$563.49M
Low Forecast$214.53M$258.96M$345.10M$492.22M$395.71M$474.39M$503.01M$569.99M$683.67M
Surprise %0.24%0.88%2.71%-0.34%-----

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-----
Avg Forecast$62.29M$40.09M$51.29M$108.57M$56.97M$49.92M$68.76M$85.90M$98.21M
High Forecast$56.33M$36.25M$47.45M$104.48M$53.62M$47.43M$58.85M$78.90M$88.36M
Low Forecast$80.52M$51.82M$56.90M$112.65M$60.32M$85.05M$113.65M$125.08M$113.48M
Surprise %-45.79%-90.16%148.81%-63.18%-----

SHLS Forecast FAQ

Is Shoals Technologies Group stock a buy?

Shoals Technologies Group stock has a consensus rating of Buy, based on 16 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 8 Buy, 7 Hold, 1 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 16 Wall Street analysts, averages $7.72 over the next 12 months. The price target range spans from $5 at the low end to $12 at the high end, suggesting a potential 68.93% change from the previous closing price of $4.57.

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

Shoals Technologies Group's stock forecast shows a 68.93% upside, outperforming the average forecast for the energy stocks sector (24.15%).

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

  • February 2025: 21.74% Strong Buy, 43.48% Buy, 34.78% Hold, 0% Sell, 0% Strong Sell.
  • January 2025: 21.74% Strong Buy, 43.48% Buy, 34.78% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 20.83% Strong Buy, 41.67% Buy, 37.50% 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 is $0.36 for 2024, a 50.00% increase from the reported $0.24 in 2023. The prediction for 2025 is $0.43, $0.52 for 2026, $0.6 for 2027, and $0.6 for 2028.

What is Shoals Technologies Group’s revenue forecast?

Shoals Technologies Group's average annual revenue forecast for its fiscal year ending in December is $393.97M for 2024, a -19.42% decrease from the reported $488.94M in 2023. The forecast for 2025 is $440.14M, $501.77M for 2026, $567.37M for 2027, and $610.61M for 2028.

What is Shoals Technologies Group’s net income forecast?

For its fiscal year ending in December, Shoals Technologies Group's average annual net income forecast is $56.97M for 2024, reflecting an 42.51% increase from the reported $39.97M in 2023. The projection for 2025 is $49.92M, $68.76M for 2026, $85.9M for 2027, and $98.21M for 2028.