On Nov 13, major Wall Street analysts update their ratings for $Shoals Technologies (SHLS.US)$, with price targets ranging from $5 to $11.
Morgan Stanley analyst Andrew Percoco maintains with a hold rating, and maintains the target price at $8.
Goldman Sachs analyst Brian K. Lee maintains with a buy rating, and sets the target price at $10.
Barclays analyst Christine Cho CFA maintains with a hold rating, and adjusts the target price from $7 to $5.
TD Cowen analyst Jeff Osborne maintains with a buy rating, and maintains the target price at $11.
Mizuho Securities analyst Maheep Mandloi maintains with a buy rating.
Furthermore, according to the comprehensive report, the opinions of $Shoals Technologies (SHLS.US)$'s main analysts recently are as follows:
Shoals Technologies is anticipated to perform towards the higher end of the revenue spectrum for 2024 with some promising qualitative data points noted alongside their earnings announcement. However, concerns arise due to softer bookings and backlog updates, which may pose challenges in the near-term outlook for fiscal 2025.
Shoals Technologies' Q3 results displayed a mixed performance, with revenues surpassing expectations while margins fell short, impacted by wire insulation shrinkback costs and supply chain challenges. Nevertheless, the company witnessed robust bookings in October and is experiencing positive momentum as the year concludes, gaining ground with major EPCs and branching into new markets.
Shoals Technologies reported robust top-line revenue for the third quarter of 2024, although the gross margins faced pressures stemming from labor costs, non-recurring items, and volume discounts.
Here are the latest investment ratings and price targets for $Shoals Technologies (SHLS.US)$ from 7 analysts:
Note:
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