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

OverviewForecast
EarningsDividendOwnership

Analyst price target for SHLS

Based on 12 analysts offering 12 month price targets for Shoals Technologies Group Inc.
Min Forecast
$13.00+57.38%
Avg Forecast
$18.92+129.02%
Max Forecast
$26.00+214.77%

Should I buy or sell SHLS stock?

Based on 12 analysts offering ratings for Shoals Technologies Group Inc.
Strong Buy
Strong Buy
8 analysts 66.67%
Buy
2 analysts 16.67%
Hold
2 analysts 16.67%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their SHLS stock forecasts and price targets.

SHLS stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-04-19
lockedlocked$00.00+00.00%2024-04-11
lockedlocked$00.00+00.00%2024-03-13
lockedlocked$00.00+00.00%2024-03-11
lockedlocked$00.00+00.00%2024-03-05
UBS
Top 27%
74
Strong BuyMaintains$20.00+142.13%2024-03-01
Goldman Sachs
Bottom 2%
2
Strong BuyMaintains$23.00+178.45%2024-03-01
RBC Capital
Bottom 3%
3
BuyMaintains$17.00+105.81%2024-02-29
JP Morgan
Top 19%
82
Strong BuyMaintains$26.00+214.77%2024-02-29
Oppenheimer
Bottom 13%
13
BuyMaintains$17.00+105.81%2024-02-29

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Forecast return on equity

Is SHLS forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
35.16%

Forecast return on assets

Is SHLS forecast to generate an efficient return on assets?
Company
N/A
Industry
N/A

SHLS revenue forecast

What is SHLS's revenue in the next 3 years based on estimates from 8 analysts?
Avg 1 year Forecast
$496.4M+1.53%
Avg 2 year Forecast
$641.8M+31.27%
Avg 3 year Forecast
$782.9M+60.11%
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
55.36%
Industry
46.76%
Market
21.46%
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
17.05%
Industry
18.05%
Market
9.92%
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$8.26$18.92+129.02%Strong Buy
JKS$23.09$24.12+4.47%Sell
ARRY$11.94$19.83+66.11%Buy
CSIQ$14.50$27.01+86.30%Hold
RUN$9.71$21.23+118.65%Strong Buy
View Top Solar Stocks

Shoals Technologies Group Stock Forecast FAQ

Is Shoals Technologies Group Stock a good buy in 2024, according to Wall Street analysts?

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

Out of 12 analysts, 8 (66.67%) 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 0 (0%) 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 2024-2026?

(NASDAQ: SHLS) Shoals Technologies Group's forecast annual revenue growth rate of 17.05% is not forecast to beat the US Solar industry's average forecast revenue growth rate of 18.05%, and while it is forecast to beat the US market's average forecast revenue growth rate of 9.92%.

Shoals Technologies Group's revenue in 2024 is $488,939,000.On average, 8 Wall Street analysts forecast SHLS's revenue for 2024 to be $84,555,996,835, with the lowest SHLS revenue forecast at $81,724,098,418, and the highest SHLS revenue forecast at $86,697,720,081. On average, 9 Wall Street analysts forecast SHLS's revenue for 2025 to be $109,320,204,148, with the lowest SHLS revenue forecast at $90,937,221,560, and the highest SHLS revenue forecast at $140,521,844,925.

In 2026, SHLS is forecast to generate $133,343,307,768 in revenue, with the lowest revenue forecast at $105,433,966,071 and the highest revenue forecast at $171,249,288,349.

What is SHLS's forecast return on assets (ROA) for 2024-2027?

(NASDAQ: SHLS) forecast ROA is N/A, which is lower than the forecast US Solar industry average of N/A.

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 $18.92, with the highest SHLS stock price forecast at $26.00 and the lowest SHLS stock price forecast at $13.00.

On average, Wall Street analysts predict that Shoals Technologies Group's share price could reach $18.92 by Apr 19, 2025. The average Shoals Technologies Group stock price prediction forecasts a potential upside of 129.02% from the current SHLS share price of $8.26.

What is SHLS's forecast return on equity (ROE) for 2024-2027?

(NASDAQ: SHLS) forecast ROE is N/A, which is considered weak.
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