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

Analyst price target for SHLS

Based on 12 analysts offering 12 month price targets for Shoals Technologies Group Inc.
Min Forecast
$17.00+27.92%
Avg Forecast
$26.08+96.26%
Max Forecast
$42.00+216.03%

Should I buy or sell SHLS stock?

Based on 12 analysts offering ratings for Shoals Technologies Group Inc.
Buy
Strong Buy
7 analysts 58.33%
Buy
2 analysts 16.67%
Hold
2 analysts 16.67%
Sell
0 analysts 0%
Strong Sell
1 analysts 8.33%

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SHLS stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2023-12-08
lockedlocked$00.00+00.00%2023-11-21
lockedlocked$00.00+00.00%2023-11-09
lockedlocked$00.00+00.00%2023-11-08
lockedlocked$00.00+00.00%2023-10-20
JP Morgan
Top 11%
90
Strong BuyMaintains$32.00+140.78%2023-10-19
Citigroup
Bottom 4%
4
Strong BuyMaintains$26.00+95.64%2023-10-18
Goldman Sachs
Bottom 5%
5
Strong BuyUpgrades$28.00+110.68%2023-10-11
Piper Sandler
Bottom 1%
1
Strong BuyUpgrades$28.00+110.68%2023-10-06
Northland Securities
Bottom 2%
2
HoldDowngrades$18.00+35.44%2023-10-05

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Forecast return on equity

Is SHLS forecast to generate an efficient return?
Company
28.85%
Industry
35.34%
Market
39.07%
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
18.01%
Industry
13.59%
SHLS is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

SHLS revenue forecast

What is SHLS's revenue in the next 3 years based on estimates from 5 analysts?
Avg 1 year Forecast
$490.1M+8.15%
Avg 2 year Forecast
$663.3M+46.38%
Avg 3 year Forecast
$878.9M+93.94%
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
-11.75%
Industry
20.75%
Market
21.56%
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
22.16%
Industry
6.04%
Market
6.64%
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$13.29$26.08+96.26%Buy
ARRY$15.81$26.91+70.20%Buy
RUN$12.89$19.69+52.74%Buy
JKS$32.14$20.87-35.07%Strong Sell
CSIQ$22.09$33.57+51.98%Hold

Shoals Technologies Group Stock Forecast FAQ

Is Shoals Technologies Group Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 12 Wall Street analysts covering (NASDAQ: SHLS) stock is to Buy SHLS stock.

Out of 12 analysts, 7 (58.33%) are recommending SHLS as a Strong Buy, 2 (16.67%) are recommending SHLS as a Buy, 2 (16.67%) are recommending SHLS as a Hold, 0 (0%) are recommending SHLS as a Sell, and 1 (8.33%) 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 revenue growth forecast for 2023-2025?

(NASDAQ: SHLS) Shoals Technologies Group's forecast annual revenue growth rate of 22.16% is forecast to beat the US Solar industry's average forecast revenue growth rate of 6.04%, and it is also forecast to beat the US market's average forecast revenue growth rate of 6.64%.

Shoals Technologies Group's revenue in 2023 is $453,154,000.On average, 5 Wall Street analysts forecast SHLS's revenue for 2023 to be $83,342,457,380, with the lowest SHLS revenue forecast at $83,260,149,552, and the highest SHLS revenue forecast at $83,498,230,045. On average, 7 Wall Street analysts forecast SHLS's revenue for 2024 to be $112,805,938,733, with the lowest SHLS revenue forecast at $109,146,301,441, and the highest SHLS revenue forecast at $119,550,418,985.

In 2025, SHLS is forecast to generate $149,456,049,826 in revenue, with the lowest revenue forecast at $138,863,848,692 and the highest revenue forecast at $167,846,747,565.

What is SHLS's forecast return on assets (ROA) for 2023-2025?

(NASDAQ: SHLS) forecast ROA is 18.01%, which is higher than the forecast US Solar industry average of 13.59%.

What is SHLS's Price Target?

According to 12 Wall Street analysts that have issued a 1 year SHLS price target, the average SHLS price target is $26.08, with the highest SHLS stock price forecast at $42.00 and the lowest SHLS stock price forecast at $17.00.

On average, Wall Street analysts predict that Shoals Technologies Group's share price could reach $26.08 by Dec 8, 2024. The average Shoals Technologies Group stock price prediction forecasts a potential upside of 96.26% from the current SHLS share price of $13.29.

What is SHLS's forecast return on equity (ROE) for 2023-2025?

(NASDAQ: SHLS) forecast ROE is 28.85%, which is considered strong.
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