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NASDAQ: SHLS
Shoals Technologies Group Inc Stock Forecast, Predictions & Price Target

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Analyst price target for SHLS

Based on 10 analysts offering 12 month price targets for Shoals Technologies Group Inc.
Min Forecast
$20.00-18.93%
Avg Forecast
$28.85+16.94%
Max Forecast
$37.50+52.01%

Should I buy or sell SHLS stock?

Based on 11 analysts offering ratings for Shoals Technologies Group Inc.
Buy
Strong Buy
2 analysts 18.18%
Buy
3 analysts 27.27%
Hold
5 analysts 45.45%
Sell
0 analysts 0%
Strong Sell
1 analysts 9.09%

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SHLS stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Barclays
Bottom 23%
23
HoldMaintains$30.00+21.61%2022-11-16
JP Morgan
Top 2%
99
Strong BuyMaintains$35.00+41.87%2022-11-15
Goldman Sachs
Top 9%
92
Strong SellMaintains$20.00-18.93%2022-11-15
Northland Securities
Top 38%
63
BuyUpgrades$30.00+21.61%2022-11-15
Piper Sandler
Bottom 1%
1
HoldMaintains$30.00+21.61%2022-11-15
Morgan Stanley
Top 2%
99
HoldMaintains$36.00+45.93%2022-09-22
Cowen & Co.
Bottom 5%
5
BuyUpgrades$37.50+52.01%2022-09-16
Guggenheim
Top 2%
99
HoldDowngradesN/AN/A2022-09-09
Truist Securities
Top 21%
80
Strong BuyMaintains$30.00+21.61%2022-08-16
Credit Suisse
Bottom 11%
11
BuyMaintains$20.00-18.93%2022-07-25

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Forecast return on equity

Is SHLS forecast to generate an efficient return?
Company
563.92%
Industry
91.57%
Market
62.68%
SHLS's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is SHLS forecast to generate an efficient return on assets?
Company
28.1%
Industry
20.25%
SHLS is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

SHLS earnings per share forecast

What is SHLS's earnings per share in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
$0.22+100%
Avg 2 year Forecast
$0.58+427.27%
Avg 3 year Forecast
$0.88+700%
SHLS's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

SHLS revenue forecast

What is SHLS's revenue in the next 3 years based on estimates from 7 analysts?
Avg 1 year Forecast
$311.9M+11.27%
Avg 2 year Forecast
$498.6M+77.87%
Avg 3 year Forecast
$699.4M+149.49%
SHLS's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

SHLS earnings growth forecast

How is SHLS forecast to perform vs Solar companies and vs the US market?
Company
101.4%
Industry
52.22%
Market
17.05%
SHLS's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
SHLS's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
SHLS's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

SHLS revenue growth forecast

How is SHLS forecast to perform vs Solar companies and vs the US market?
Company
35.39%
Industry
20.44%
Market
6.67%
SHLS's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
SHLS's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

SHLS vs Solar Stocks

TickerPricePrice TargetUp/downsideConsensus
SHLS$24.67$28.85+16.94%Buy
SPWR$22.24$19.93-10.37%Hold
ARRY$21.04$21.69+3.10%Buy
JKS$48.40$44.47-8.12%Sell
NOVA$20.40$33.88+66.09%Strong Buy

Shoals Technologies Group Stock Forecast FAQ

Is Shoals Technologies Group Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 11 Wall Street analysts covering (NASDAQ: SHLS) stock is to Buy SHLS stock.

Out of 11 analysts, 2 (18.18%) are recommending SHLS as a Strong Buy, 3 (27.27%) are recommending SHLS as a Buy, 5 (45.45%) are recommending SHLS as a Hold, 0 (0%) are recommending SHLS as a Sell, and 1 (9.09%) are recommending SHLS as a Strong Sell.

If you're new to stock investing, here's how to buy Shoals Technologies Group stock.

What is SHLS's earnings growth forecast for 2022-2024?

(NASDAQ: SHLS) Shoals Technologies Group's forecast annual earnings growth rate of 101.4% is forecast to beat the US Solar industry's average forecast earnings growth rate of 52.22%, and and it is also forecast to beat the US market's average forecast earnings growth rate of 17.05%.

Shoals Technologies Group's earnings in 2022 is $13,163,000.On average, 6 Wall Street analysts forecast SHLS's earnings for 2022 to be $36,811,407, with the lowest SHLS earnings forecast at $31,791,669, and the highest SHLS earnings forecast at $41,831,144. On average, 7 Wall Street analysts forecast SHLS's earnings for 2023 to be $97,048,254, with the lowest SHLS earnings forecast at $63,583,339, and the highest SHLS earnings forecast at $122,146,940.

In 2024, SHLS is forecast to generate $147,245,627 in earnings, with the lowest earnings forecast at $100,394,746 and the highest earnings forecast at $210,828,966.

What is SHLS's revenue growth forecast for 2022-2024?

(NASDAQ: SHLS) Shoals Technologies Group's forecast annual revenue growth rate of 35.39% is forecast to beat the US Solar industry's average forecast revenue growth rate of 20.44%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 6.67%.

Shoals Technologies Group's revenue in 2022 is $280,335,000.On average, 7 Wall Street analysts forecast SHLS's revenue for 2022 to be $52,193,722,316, with the lowest SHLS revenue forecast at $50,448,359,664, and the highest SHLS revenue forecast at $53,410,004,659. On average, 7 Wall Street analysts forecast SHLS's revenue for 2023 to be $83,435,061,226, with the lowest SHLS revenue forecast at $71,414,129,037, and the highest SHLS revenue forecast at $87,075,709,350.

In 2024, SHLS is forecast to generate $117,028,816,349 in revenue, with the lowest revenue forecast at $95,609,262,726 and the highest revenue forecast at $134,147,459,071.

What is SHLS's forecast return on assets (ROA) for 2022-2025?

(NASDAQ: SHLS) forecast ROA is 28.1%, which is higher than the forecast US Solar industry average of 20.25%.

What is SHLS's Price Target?

According to 10 Wall Street analysts that have issued a 1 year SHLS price target, the average SHLS price target is $28.85, with the highest SHLS stock price forecast at $37.50 and the lowest SHLS stock price forecast at $20.00.

On average, Wall Street analysts predict that Shoals Technologies Group's share price could reach $28.85 by Nov 16, 2023. The average Shoals Technologies Group stock price prediction forecasts a potential upside of 16.94% from the current SHLS share price of $24.67.

What is SHLS's Earnings Per Share (EPS) forecast for 2022-2024?

(NASDAQ: SHLS) Shoals Technologies Group's current Earnings Per Share (EPS) is $0.11. On average, analysts forecast that SHLS's EPS will be $0.22 for 2022, with the lowest EPS forecast at $0.19, and the highest EPS forecast at $0.25. On average, analysts forecast that SHLS's EPS will be $0.58 for 2023, with the lowest EPS forecast at $0.38, and the highest EPS forecast at $0.73. In 2024, SHLS's EPS is forecast to hit $0.88 (min: $0.60, max: $1.26).

What is SHLS's forecast return on equity (ROE) for 2022-2025?

(NASDAQ: SHLS) forecast ROE is 563.92%, which is considered strong.
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