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 $7.72 (represents a 50.78% upside from SHLS’s last price of $5.12) and a rating consensus of 'Buy', based on 16 wall street analysts offering a 1-year stock forecast.
SHLS Price Target
The average price target for Shoals Technologies Group (SHLS) is $7.72 based on 1-year price targets from 16 Wall Street analysts in the past 3 months, with a price target range of $12.00 to $5.00. This represents a potential 50.78% upside from SHLS's last price of $5.12.
SHLS Analyst Ratings
According to 16 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' (50.00%), 7 'Hold' (43.75%), 1 'Sell' (6.25%), 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 |
|---|---|---|---|---|---|---|
| Nov 15, 2024 | Andrew Percoco | Morgan Stanley | $7.00 | $5.08 | 37.93% | 36.72% |
| Nov 13, 2024 | Derek Soderberg | Cantor Fitzgerald | $8.00 | $5.12 | 56.25% | 56.25% |
| Nov 12, 2024 | Christine Cho | Barclays | $5.00 | $6.05 | -17.36% | -2.34% |
| Oct 18, 2024 | Christopher Dendrinos | RBC Capital | $9.00 | $4.94 | 82.19% | 75.78% |
| Oct 03, 2024 | Vikram Bagri | Citigroup | $5.50 | $5.14 | 7.00% | 7.42% |
| Sep 10, 2024 | Kashy Harrison | Piper Sandler | $10.00 | $5.65 | 76.99% | 95.31% |
| Sep 06, 2024 | Jordan Levy | Truist Financial | $8.00 | $5.48 | 45.99% | 56.25% |
| Sep 03, 2024 | Julian Dumoulin-Smith | Jefferies | $5.00 | $6.23 | -19.74% | -2.34% |
| Sep 03, 2024 | Colin Rusch | Oppenheimer | $12.00 | $6.26 | 91.54% | 134.38% |
| Aug 08, 2024 | Christine Cho | Barclays | $7.00 | $5.15 | 35.92% | 36.72% |
| Apr 11, 2024 | Kashy Harrison | Piper Sandler | $14.00 | $10.11 | 38.48% | 173.44% |
| Jan 22, 2024 | Christine Cho | Barclays | $15.00 | $13.87 | 8.15% | 192.97% |
| Oct 06, 2023 | Kashy Harrison | Piper Sandler | $28.00 | $15.29 | 83.07% | 446.88% |
| Jan 10, 2023 | Morgan Stanley | $32.00 | $23.65 | 35.30% | 525.00% | |
| Nov 15, 2022 | J.P. Morgan | $35.00 | $27.19 | 28.72% | 583.59% | |
| Nov 15, 2022 | Goldman Sachs | $20.00 | $29.54 | -32.30% | 290.63% | |
| Sep 07, 2022 | Brian Lee | Goldman Sachs | $21.00 | $27.76 | -24.35% | 310.16% |
| Jun 09, 2022 | Bronson Fleig | Truist Financial | $25.00 | $18.72 | 33.55% | 388.28% |
| May 02, 2022 | Truist Financial | $20.00 | $10.71 | 86.74% | 290.63% | |
| Apr 19, 2022 | J.P. Morgan | $33.00 | $13.44 | 145.54% | 544.53% | |
| Nov 10, 2021 | Philip Shen | Roth Capital | $37.00 | $30.65 | 20.72% | 622.66% |
| Oct 18, 2021 | Jeff Osborne | Cowen & Co. | $31.00 | $27.61 | 12.28% | 505.47% |
The latest Shoals Technologies Group stock forecast, released on Nov 15, 2024 by Andrew Percoco from Morgan Stanley, set a price target of $7.00, which represents a 37.93% increase from the stock price at the time of the forecast ($5.08), and a 36.72% increase from SHLS last price ($5.12).
Shoals Technologies Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 5 | 12 |
| Avg Price Target | - | $6.90 | $8.79 |
| Last Closing Price | $5.12 | $5.12 | $5.12 |
| Upside/Downside | -100.00% | 34.77% | 71.68% |
In the current month, the average price target of Shoals Technologies Group stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Shoals Technologies Group's last price of $5.12. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 15, 2024 | Morgan Stanley | Reduce | Reduce | Hold |
| Nov 13, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Nov 13, 2024 | Cantor Fitzgerald | Overweight | Overweight | Hold |
| Oct 18, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Oct 14, 2024 | Wells Fargo | Equal-Weight | Initialise | |
| Oct 03, 2024 | UBS | Buy | Buy | Hold |
| Oct 03, 2024 | Truist Financial | Underperform | Underperform | Hold |
| Oct 03, 2024 | Citigroup | Sell | Neutral | Upgrade |
| 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 | UBS | Buy | Buy | Hold |
| May 07, 2024 | Sandler O'Neill | Underperform | Underperform | Hold |
| Apr 11, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Jan 22, 2024 | Morgan Stanley | Buy | Buy | Hold |
| Jan 22, 2024 | Mizuho Securities | Underperform | Underperform | Hold |
| Oct 06, 2023 | Piper Sandler | Neutral | Overweight | Upgrade |
| Sep 05, 2023 | Cantor Fitzgerald | Overweight | Upgrade | |
| May 09, 2023 | Guggenheim | Buy | Upgrade | |
| Mar 30, 2023 | Goldman Sachs | Sell | Neutral | Upgrade |
| Mar 13, 2023 | Northland Securities | Outperform | Market Perform | Downgrade |
| Jan 10, 2023 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Nov 16, 2022 | Northland Securities | Outperform | Upgrade | |
| Nov 15, 2022 | Goldman Sachs | Sell | Sell | Hold |
| Nov 15, 2022 | Piper Sandler | Neutral | Neutral | Hold |
| Sep 16, 2022 | Cowen & Co. | Outperform | Upgrade | |
| Sep 07, 2022 | Goldman Sachs | Buy | Sell | Downgrade |
| Jun 20, 2022 | Goldman Sachs | Buy | Buy | Hold |
| Jun 13, 2022 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| May 18, 2022 | Credit Suisse | Outperform | Outperform | Hold |
| Feb 23, 2021 | UBS | Buy | Initialise |
Shoals Technologies Group's last stock rating was published by Morgan Stanley on Nov 15, 2024. The company gave SHLS a "Reduce" 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 | Jun 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 | $73.49M | $67.98M | $48.05M | $59.84M | $59.72M | $45.60M | $38.75M |
| Avg Forecast | $164.97M | $154.62M | $140.43M | $135.17M | $140.24M | $136.98M | $126.33M | $114.95M | $118.21M | $115.13M | $108.65M | $100.98M | $101.98M | $98.86M | $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 | $175.23M | $164.24M | $149.16M | $143.58M | $148.96M | $145.50M | $134.19M | $122.10M | $125.56M | $122.29M | $115.41M | $103.65M | $103.92M | $102.23M | $90.96M | $95.71M | $134.16M | $135.51M | $122.49M | $102.61M | $91.31M | $83.03M | $72.89M | $69.99M | $46.34M | $61.64M | $59.70M | $43.48M | $38.30M |
| Low Forecast | $148.91M | $139.58M | $126.76M | $122.01M | $126.59M | $123.65M | $114.04M | $103.76M | $106.71M | $103.92M | $98.07M | $95.74M | $98.88M | $95.49M | $90.70M | $92.97M | $131.26M | $134.96M | $104.09M | $87.20M | $77.60M | $83.03M | $72.89M | $69.99M | $46.34M | $61.64M | $59.70M | $43.48M | $38.30M |
| # Analysts | 5 | 8 | 5 | 5 | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 11 | 12 | 6 | 6 | 6 | 12 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 0.99% | 1.03% | 1.09% | 1.10% | 1.09% | 1.01% | 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 $92.97M, and a high forecast of $95.71M. 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 8 | 5 | 5 | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 11 | 12 | 6 | 6 | 6 | 12 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $22.53M | $-20.20M | $8.37M | $28.61M | $129.72M | $22.56M | $15.69M | $12.70M | $7.72M | $7.30M | $10.25M | $1.78M | $9.54M |
| Avg Forecast | $48.86M | $45.79M | $41.59M | $40.03M | $41.53M | $40.57M | $37.41M | $34.04M | $35.01M | $34.10M | $32.18M | $29.91M | $30.20M | $29.28M | $26.90M | $27.94M | $39.11M | $40.05M | $34.15M | $28.61M | $25.46M | $24.28M | $21.31M | $20.47M | $13.55M | $18.02M | $17.46M | $1.33M | $11.20M |
| High Forecast | $51.89M | $48.64M | $44.17M | $42.52M | $44.12M | $43.09M | $39.74M | $36.16M | $37.19M | $36.22M | $34.18M | $30.70M | $30.78M | $30.28M | $26.94M | $28.35M | $39.73M | $40.13M | $36.28M | $30.39M | $27.04M | $24.28M | $21.31M | $20.47M | $13.55M | $18.02M | $17.46M | $1.60M | $11.20M |
| Low Forecast | $44.10M | $41.34M | $37.54M | $36.14M | $37.49M | $36.62M | $33.77M | $30.73M | $31.60M | $30.78M | $29.05M | $28.35M | $29.28M | $28.28M | $26.86M | $27.53M | $38.87M | $39.97M | $30.83M | $25.83M | $22.98M | $24.28M | $21.31M | $20.47M | $13.55M | $18.02M | $17.46M | $1.07M | $11.20M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.58% | -0.50% | 0.25% | 1.00% | 5.09% | 0.93% | 0.74% | 0.62% | 0.57% | 0.40% | 0.59% | 1.33% | 0.85% |
6 analysts predict SHLS's average Quarter EBITDA for Mar 24 to be $27.94M, with a high of $28.35M and a low of $27.53M. This is 24.03% 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 8 | 5 | 5 | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 11 | 12 | 6 | 6 | 6 | 12 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $35.76M | $-23.11M | $18.92M | $14.30M | $112.61M | $12.76M | $7.30M | $4.65M | $-2.15M | $2.49M | $4.56M | $-2.86M | $4.25M |
| Avg Forecast | $28.94M | $22.97M | $21.53M | $19.88M | $24.70M | $23.65M | $21.20M | $18.22M | $19.41M | $18.69M | $17.27M | $15.08M | $15.68M | $16.03M | $13.59M | $9.71M | $28.80M | $27.17M | $22.30M | $15.75M | $14.35M | $13.27M | $10.60M | $11.08M | $5.68M | $11.36M | $14.09M | $-2.14M | $11.75M |
| High Forecast | $31.28M | $24.83M | $23.27M | $21.48M | $26.70M | $25.56M | $22.92M | $19.70M | $20.97M | $20.20M | $18.67M | $18.43M | $17.43M | $17.33M | $13.86M | $10.21M | $33.89M | $27.87M | $24.10M | $17.02M | $15.51M | $13.27M | $10.60M | $11.08M | $5.68M | $11.36M | $14.09M | $-1.72M | $11.75M |
| Low Forecast | $25.28M | $20.07M | $18.80M | $17.36M | $21.58M | $20.65M | $18.52M | $15.92M | $16.95M | $16.33M | $15.09M | $13.40M | $12.20M | $14.00M | $13.32M | $9.21M | $23.72M | $26.47M | $19.47M | $13.76M | $12.53M | $13.27M | $10.60M | $11.08M | $5.68M | $11.36M | $14.09M | $-2.57M | $11.75M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.24% | -0.85% | 0.85% | 0.91% | 7.85% | 0.96% | 0.69% | 0.42% | -0.38% | 0.22% | 0.32% | 1.33% | 0.36% |
Shoals Technologies Group's average Quarter net income forecast for Mar 24 is $9.71M, with a range of $9.21M to $10.21M. SHLS's average Quarter net income forecast represents a -72.84% 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 8 | 5 | 5 | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 11 | 12 | 6 | 6 | 6 | 12 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $21.45M | $22.55M | $16.72M | $19.99M | $14.87M | $13.85M | $13.27M | $13.92M | $11.03M | $10.03M | $10.02M | $6.82M | $5.62M |
| Avg Forecast | $22.97M | $21.53M | $19.55M | $18.82M | $19.53M | $19.07M | $17.59M | $16.01M | $16.46M | $16.03M | $15.13M | $14.06M | $14.20M | $13.77M | $12.65M | $13.14M | $18.39M | $18.83M | $16.06M | $13.45M | $11.97M | $11.56M | $10.15M | $9.75M | $6.45M | $8.58M | $8.31M | $5.11M | $5.33M |
| High Forecast | $24.40M | $22.87M | $20.77M | $19.99M | $20.74M | $20.26M | $18.69M | $17.00M | $17.48M | $17.03M | $16.07M | $14.43M | $14.47M | $14.24M | $12.67M | $13.33M | $18.68M | $18.87M | $17.06M | $14.29M | $12.72M | $11.56M | $10.15M | $9.75M | $6.45M | $8.58M | $8.31M | $6.13M | $5.33M |
| Low Forecast | $20.74M | $19.44M | $17.65M | $16.99M | $17.63M | $17.22M | $15.88M | $14.45M | $14.86M | $14.47M | $13.66M | $13.33M | $13.77M | $13.30M | $12.63M | $12.95M | $18.28M | $18.79M | $14.49M | $12.14M | $10.81M | $11.56M | $10.15M | $9.75M | $6.45M | $8.58M | $8.31M | $4.09M | $5.33M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.17% | 1.20% | 1.04% | 1.49% | 1.24% | 1.20% | 1.31% | 1.43% | 1.71% | 1.17% | 1.20% | 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 $12.95M to $13.33M. 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 8 | 5 | 5 | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 11 | 12 | 6 | 6 | 6 | 12 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.21 | $-0.14 | $0.11 | $0.10 | $0.94 | $0.11 | $0.06 | $0.04 | $-0.02 | $0.02 | $0.05 | $-0.03 | $0.03 |
| Avg Forecast | $0.17 | $0.14 | $0.13 | $0.12 | $0.15 | $0.14 | $0.13 | $0.11 | $0.12 | $0.11 | $0.10 | $0.09 | $0.09 | $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 | $0.19 | $0.15 | $0.14 | $0.13 | $0.16 | $0.15 | $0.14 | $0.12 | $0.13 | $0.12 | $0.11 | $0.11 | $0.10 | $0.10 | $0.08 | $0.06 | $0.20 | $0.17 | $0.14 | $0.10 | $0.09 | $0.08 | $0.06 | $0.07 | $0.03 | $0.07 | $0.08 | $0.04 | $0.07 |
| Low Forecast | $0.15 | $0.12 | $0.11 | $0.10 | $0.13 | $0.12 | $0.11 | $0.10 | $0.10 | $0.10 | $0.09 | $0.08 | $0.07 | $0.08 | $0.08 | $0.06 | $0.14 | $0.16 | $0.12 | $0.08 | $0.07 | $0.08 | $0.06 | $0.07 | $0.03 | $0.07 | $0.08 | $0.04 | $0.07 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.22% | -0.86% | 0.83% | 1.06% | 10.96% | 1.41% | 1.04% | 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 $0.06 and a high estimate of $0.06. This represents a -72.37% decrease compared to SHLS previous annual EPS of $0.21 (Dec 23).