Shoals Technologies Group (SHLS) Stock Forecast, Price Target & Predictions
SHLS Stock Forecast
Shoals Technologies Group stock forecast is as follows: an average price target of $19.70 (represents a 210.24% upside from SHLS’s last price of $6.35) and a rating consensus of 'Buy', based on 14 wall street analysts offering a 1-year stock forecast.
SHLS Price Target
The average price target for Shoals Technologies Group (SHLS) is $19.70 based on 1-year price targets from 14 Wall Street analysts in the past 3 months, with a price target range of $37.00 to $5.00. This represents a potential 210.24% upside from SHLS's last price of $6.35.
SHLS Analyst Ratings
According to 14 Wall Street analysts, Shoals Technologies Group's rating consensus is 'Buy'. The analyst rating breakdown for SHLS stock is 0 'Strong Buy' (0.00%), 8 'Buy' (57.14%), 5 'Hold' (35.71%), 1 'Sell' (7.14%), and 0 'Strong Sell' (0.00%).
Shoals Technologies Group Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 10, 2024 | Kashy Harrison | Piper Sandler | $10.00 | $5.65 | 76.99% | 57.48% |
| Sep 06, 2024 | Jordan Levy | Truist Financial | $8.00 | $5.48 | 45.99% | 25.98% |
| Sep 03, 2024 | Julian Dumoulin-Smith | Jefferies | $5.00 | $6.23 | -19.74% | -21.26% |
| Sep 03, 2024 | Colin Rusch | Oppenheimer | $12.00 | $6.26 | 91.54% | 88.98% |
| Aug 08, 2024 | Christine Cho | Barclays | $7.00 | $5.15 | 35.92% | 10.24% |
| Apr 11, 2024 | Kashy Harrison | Piper Sandler | $14.00 | $10.11 | 38.48% | 120.47% |
| Jan 22, 2024 | Christine Cho | Barclays | $15.00 | $13.87 | 8.15% | 136.22% |
| Oct 06, 2023 | Kashy Harrison | Piper Sandler | $28.00 | $15.29 | 83.07% | 340.94% |
| Jan 10, 2023 | - | Morgan Stanley | $32.00 | $23.65 | 35.30% | 403.94% |
| Nov 15, 2022 | - | J.P. Morgan | $35.00 | $27.19 | 28.72% | 451.18% |
The latest Shoals Technologies Group stock forecast, released on Sep 10, 2024 by Kashy Harrison from Piper Sandler, set a price target of $10.00, which represents a 76.99% increase from the stock price at the time of the forecast ($5.65), and a 57.48% increase from SHLS last price ($6.35).
Shoals Technologies Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 4 | 5 | 8 |
| Avg Price Target | $8.75 | $8.40 | $12.38 |
| Last Closing Price | $6.35 | $6.35 | $6.35 |
| Upside/Downside | 37.80% | 32.28% | 94.96% |
In the current month, the average price target of Shoals Technologies Group stock is $8.75, according to 4 Wall Street analysts offering twelve months forecast. The average price target represents a 37.80% increase as opposed to Shoals Technologies Group's last price of $6.35. This month's average price target is up 4.17% compared to last quarter, and down -29.32% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 10, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Sep 04, 2024 | Citigroup | Sell | Sell | Hold |
| Sep 03, 2024 | Jefferies | - | Hold | Initialise |
| Sep 03, 2024 | Oppenheimer | Outperform | Outperform | Hold |
| Aug 08, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Aug 07, 2024 | Exane BNP Paribas | - | Neutral | Downgrade |
| Jul 02, 2024 | Citigroup | - | Sell | Downgrade |
| May 07, 2024 | Sandler O'Neill | Underperform | Underperform | Hold |
| May 07, 2024 | UBS | Buy | Buy | Hold |
| Apr 11, 2024 | Piper Sandler | Overweight | Overweight | Hold |
Shoals Technologies Group's last stock rating was published by Piper Sandler on Sep 10, 2024. The company gave SHLS a "Overweight" rating, the same as its previous rate.
Shoals Technologies Group Financial Forecast
Shoals Technologies Group Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $130.44M | $134.21M | $119.21M | $105.09M | $94.65M | $90.82M | - | $67.98M | $48.05M | $59.84M | $59.72M | $45.60M | $38.75M |
| Avg Forecast | $178.10M | $154.82M | $129.21M | $122.06M | $141.58M | $134.95M | $124.97M | $112.42M | $130.87M | $124.27M | $112.87M | $103.90M | $97.82M | $101.72M | $90.83M | $94.34M | $132.05M | $135.24M | $115.32M | $96.61M | $85.97M | $83.03M | $72.89M | $69.99M | $46.34M | $61.64M | $59.70M | $43.48M | $38.30M |
| High Forecast | $252.45M | $219.45M | $183.15M | $173.02M | $200.69M | $191.29M | $177.15M | $159.36M | $185.50M | $176.15M | $159.99M | $147.27M | $138.66M | $103.24M | $128.74M | $133.72M | $134.16M | $191.69M | $163.46M | $136.93M | $121.85M | $117.69M | $72.89M | $95.40M | $63.16M | $84.02M | $81.38M | $59.26M | $52.20M |
| Low Forecast | $166.55M | $144.78M | $120.83M | $114.14M | $132.40M | $126.20M | $116.87M | $105.13M | $122.38M | $116.21M | $105.55M | $97.16M | $91.48M | $98.08M | $84.93M | $88.22M | $131.26M | $126.46M | $107.84M | $90.34M | $80.39M | $77.64M | $72.89M | $61.68M | $40.83M | $54.32M | $52.61M | $38.31M | $33.75M |
| # Analysts | 6 | 6 | 6 | 6 | 6 | 6 | 12 | 11 | 10 | 9 | 8 | 7 | 8 | 13 | 6 | 6 | 12 | 9 | 9 | 9 | 5 | 5 | 5 | 3 | 4 | 8 | 5 | 4 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 0.99% | 1.03% | 1.09% | 1.10% | 1.09% | - | 0.97% | 1.04% | 0.97% | 1.00% | 1.05% | 1.01% |
Shoals Technologies Group's average Quarter revenue forecast for Mar 24 based on 6 analysts is $94.34M, with a low forecast of $88.22M, and a high forecast of $133.72M. SHLS's average Quarter revenue forecast represents a -27.67% decrease compared to the company's last Quarter revenue of $130.44M (Dec 23).
Shoals Technologies Group EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 6 | 6 | 6 | 6 | 6 | 12 | 11 | 10 | 9 | 8 | 7 | 8 | 13 | 6 | 6 | 12 | 9 | 9 | 9 | 5 | 5 | 5 | 3 | 4 | 8 | 5 | 4 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $22.53M | $-20.20M | $8.37M | $28.61M | $129.72M | $22.56M | - | $12.70M | $7.72M | $7.30M | $10.25M | $1.78M | $9.54M |
| Avg Forecast | $52.08M | $45.27M | $37.78M | $35.69M | $41.40M | $39.46M | $36.54M | $32.87M | $38.27M | $36.34M | $33.00M | $30.38M | $28.60M | $29.74M | $26.56M | $27.58M | $38.61M | $39.54M | $33.72M | $28.25M | $25.14M | $24.28M | $21.31M | $20.47M | $13.55M | $8.51M | $8.78M | $1.33M | $11.20M |
| High Forecast | $73.82M | $64.17M | $53.55M | $50.59M | $58.68M | $55.93M | $51.80M | $46.60M | $54.24M | $51.51M | $46.78M | $43.06M | $40.54M | $30.19M | $37.64M | $39.10M | $39.23M | $56.05M | $47.79M | $40.04M | $35.63M | $34.41M | $21.31M | $27.90M | $18.47M | $10.21M | $10.54M | $1.60M | $15.26M |
| Low Forecast | $48.70M | $42.33M | $35.33M | $33.37M | $38.71M | $36.90M | $34.17M | $30.74M | $35.78M | $33.98M | $30.86M | $28.41M | $26.75M | $28.68M | $24.83M | $25.79M | $38.38M | $36.98M | $31.53M | $26.41M | $23.51M | $22.70M | $21.31M | $18.03M | $11.94M | $6.81M | $7.03M | $1.07M | $9.87M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.58% | -0.51% | 0.25% | 1.01% | 5.16% | 0.93% | - | 0.62% | 0.57% | 0.86% | 1.17% | 1.33% | 0.85% |
6 analysts predict SHLS's average Quarter EBITDA for Mar 24 to be $27.58M, with a high of $39.10M and a low of $25.79M. This is 22.45% upper than Shoals Technologies Group's previous annual EBITDA (Dec 23) of $22.53M.
Shoals Technologies Group Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 6 | 6 | 6 | 6 | 6 | 12 | 11 | 10 | 9 | 8 | 7 | 8 | 13 | 6 | 6 | 12 | 9 | 9 | 9 | 5 | 5 | 5 | 3 | 4 | 8 | 5 | 4 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $35.76M | $-23.11M | $18.92M | $14.30M | $112.61M | $12.76M | - | $4.65M | $-2.15M | $2.49M | $4.56M | $-2.86M | $4.25M |
| Avg Forecast | $29.83M | $26.10M | $20.13M | $18.93M | $26.04M | $24.97M | $22.72M | $20.20M | $24.79M | $23.47M | $18.83M | $16.61M | $16.20M | $17.18M | $13.81M | $9.87M | $29.27M | $27.61M | $22.66M | $16.01M | $14.58M | $13.27M | $10.62M | $11.10M | $5.68M | $2.90M | $3.91M | $-2.14M | $11.76M |
| High Forecast | $46.01M | $40.27M | $31.06M | $29.21M | $40.17M | $38.52M | $35.05M | $31.16M | $38.24M | $36.20M | $29.05M | $25.63M | $25.00M | $18.90M | $21.31M | $15.22M | $34.44M | $42.59M | $34.95M | $24.69M | $22.50M | $20.47M | $10.62M | $16.33M | $8.37M | $3.48M | $4.69M | $-1.72M | $17.31M |
| Low Forecast | $27.31M | $23.90M | $18.43M | $17.33M | $23.84M | $22.86M | $20.81M | $18.50M | $22.70M | $21.49M | $17.24M | $15.21M | $14.84M | $15.46M | $12.65M | $9.04M | $24.11M | $25.28M | $20.75M | $14.66M | $13.35M | $12.15M | $10.62M | $9.38M | $4.81M | $2.32M | $3.13M | $-2.57M | $9.94M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.22% | -0.84% | 0.84% | 0.89% | 7.72% | 0.96% | - | 0.42% | -0.38% | 0.86% | 1.17% | 1.33% | 0.36% |
Shoals Technologies Group's average Quarter net income forecast for Mar 24 is $9.87M, with a range of $9.04M to $15.22M. SHLS's average Quarter net income forecast represents a -72.40% decrease compared to the company's last Quarter net income of $35.76M (Dec 23).
Shoals Technologies Group SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 6 | 6 | 6 | 6 | 6 | 12 | 11 | 10 | 9 | 8 | 7 | 8 | 13 | 6 | 6 | 12 | 9 | 9 | 9 | 5 | 5 | 5 | 3 | 4 | 8 | 5 | 4 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $21.45M | $22.55M | $16.72M | $19.99M | $14.87M | $13.85M | - | $13.92M | $11.03M | $10.03M | $10.02M | $6.82M | $5.62M |
| Avg Forecast | $24.80M | $21.56M | $17.99M | $17.00M | $19.72M | $18.79M | $17.40M | $15.65M | $18.22M | $17.30M | $15.72M | $14.47M | $13.62M | $14.16M | $12.65M | $13.14M | $18.39M | $18.83M | $16.06M | $13.45M | $11.97M | $11.56M | $10.15M | $9.75M | $6.45M | $11.70M | $8.59M | $5.11M | $5.33M |
| High Forecast | $35.15M | $30.56M | $25.50M | $24.09M | $27.95M | $26.64M | $24.67M | $22.19M | $25.83M | $24.53M | $22.28M | $20.51M | $19.31M | $14.38M | $17.93M | $18.62M | $18.68M | $26.69M | $22.76M | $19.07M | $16.97M | $16.39M | $10.15M | $13.28M | $8.80M | $14.04M | $10.30M | $6.13M | $7.27M |
| Low Forecast | $23.19M | $20.16M | $16.83M | $15.89M | $18.44M | $17.57M | $16.27M | $14.64M | $17.04M | $16.18M | $14.70M | $13.53M | $12.74M | $13.66M | $11.83M | $12.28M | $18.28M | $17.61M | $15.02M | $12.58M | $11.19M | $10.81M | $10.15M | $8.59M | $5.69M | $9.36M | $6.87M | $4.09M | $4.70M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.17% | 1.20% | 1.04% | 1.49% | 1.24% | 1.20% | - | 1.43% | 1.71% | 0.86% | 1.17% | 1.33% | 1.05% |
Shoals Technologies Group's average Quarter SG&A projection for Mar 24 is $13.14M, based on 6 Wall Street analysts, with a range of $12.28M to $18.62M. The forecast indicates a -38.77% fall compared to SHLS last annual SG&A of $21.45M (Dec 23).
Shoals Technologies Group EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 6 | 6 | 6 | 6 | 6 | 12 | 11 | 10 | 9 | 8 | 7 | 8 | 13 | 6 | 6 | 12 | 9 | 9 | 9 | 5 | 5 | 5 | 3 | 4 | 8 | 5 | 4 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.21 | $-0.14 | $0.11 | $0.10 | $0.94 | $0.11 | - | $0.04 | $-0.02 | $0.02 | $0.05 | $-0.03 | $0.03 |
| Avg Forecast | $0.18 | $0.15 | $0.12 | $0.11 | $0.15 | $0.15 | $0.13 | $0.12 | $0.15 | $0.14 | $0.11 | $0.10 | $0.10 | $0.10 | $0.08 | $0.06 | $0.17 | $0.16 | $0.13 | $0.09 | $0.09 | $0.08 | $0.06 | $0.07 | $0.03 | $0.07 | $0.08 | $0.04 | $0.07 |
| High Forecast | $0.27 | $0.24 | $0.18 | $0.17 | $0.24 | $0.23 | $0.21 | $0.18 | $0.22 | $0.21 | $0.17 | $0.15 | $0.15 | $0.11 | $0.13 | $0.09 | $0.20 | $0.25 | $0.21 | $0.15 | $0.13 | $0.12 | $0.06 | $0.10 | $0.05 | $0.10 | $0.12 | $0.05 | $0.10 |
| Low Forecast | $0.16 | $0.14 | $0.11 | $0.10 | $0.14 | $0.13 | $0.12 | $0.11 | $0.13 | $0.13 | $0.10 | $0.09 | $0.09 | $0.09 | $0.07 | $0.05 | $0.14 | $0.15 | $0.12 | $0.09 | $0.08 | $0.07 | $0.06 | $0.06 | $0.03 | $0.06 | $0.07 | $0.03 | $0.06 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.22% | -0.86% | 0.83% | 1.06% | 10.96% | 1.41% | - | 0.64% | -0.61% | 0.30% | 0.60% | -0.82% | 0.37% |
According to 6 Wall Street analysts, Shoals Technologies Group's projected average Quarter EPS for Mar 24 is $0.06, with a low estimate of $0.05 and a high estimate of $0.09. This represents a -72.37% decrease compared to SHLS previous annual EPS of $0.21 (Dec 23).
Shoals Technologies Group Peer Comparison by Price Target
SHLS Forecast FAQ
Is Shoals Technologies Group a good buy?
Yes, according to 14 Wall Street analysts, Shoals Technologies Group (SHLS) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 8 'Buy' recommendations, accounting for 57.14% of SHLS's total ratings.
What is SHLS's price target?
Shoals Technologies Group (SHLS) average price target is $19.7 with a range of $5 to $37, implying a 210.24% from its last price of $6.35. The data is based on 14 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Shoals Technologies Group stock go up soon?
According to Wall Street analysts' prediction for SHLS stock, the company can go up by 210.24% (from the last price of $6.35 to the average price target of $19.7), up by 482.68% based on the highest stock price target, and down by -21.26% based on the lowest stock price target.
Can Shoals Technologies Group stock reach $10?
SHLS's average twelve months analyst stock price target of $19.7 supports the claim that Shoals Technologies Group can reach $10 in the near future.
What is Shoals Technologies Group's current price target trend?
4 Wall Street analysts forecast a $8.75 price target for Shoals Technologies Group (SHLS) this month, up 37.80% from its last price of $6.35. Compared to the last 3 and 12 months, the average price target increased by 32.28% and increased by 94.96%, respectively.
What are Shoals Technologies Group's analysts' financial forecasts?
Shoals Technologies Group's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $513.93M (high $728.48M, low $480.59M), average EBITDA is $150.27M (high $213M, low $140.52M), average net income is $93.93M (high $144.9M, low $86.01M), average SG&A $71.56M (high $101.44M, low $66.92M), and average EPS is $0.552 (high $0.852, low $0.506). SHLS's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $584.19M (high $828.07M, low $546.3M), average EBITDA is $170.81M (high $242.12M, low $159.73M), average net income is $94.99M (high $146.54M, low $86.98M), average SG&A $81.35M (high $115.31M, low $76.07M), and average EPS is $0.558 (high $0.862, low $0.511).
Did the SHLS's actual financial results beat the analysts' financial forecasts?
Based on Shoals Technologies Group's last annual report (Dec 2023), the company's revenue was $488.94M, beating the average analysts forecast of $479.21M by 2.03%. Apple's EBITDA was $12.15M, missing the average prediction of $140.12M by -91.33%. The company's net income was $39.97M, missing the average estimation of $95.55M by -58.16%. Apple's SG&A was $80.72M, beating the average forecast of $66.73M by 20.96%. Lastly, the company's EPS was $0.24, missing the average prediction of $0.562 by -57.27%. In terms of the last quarterly report (Dec 2023), Shoals Technologies Group's revenue was $130.44M, missing the average analysts' forecast of $132.05M by -1.22%. The company's EBITDA was $22.53M, missing the average prediction of $38.61M by -41.66%. Shoals Technologies Group's net income was $35.76M, beating the average estimation of $29.27M by 22.16%. The company's SG&A was $21.45M, beating the average forecast of $18.39M by 16.67%. Lastly, the company's EPS was $0.21, beating the average prediction of $0.172 by 22.03%