Shoals Technologies Group, Inc. (SHLS)
NASDAQ: SHLS · IEX Real-Time Price · USD
6.41
-0.43 (-6.29%)
At close: May 17, 2024, 4:00 PM
6.43
+0.02 (0.31%)
After-hours: May 17, 2024, 7:47 PM EDT
Shoals Technologies Group Stock Forecast
Stock Price Forecast
The 16 analysts with 12-month price forecasts for SHLS stock have an average target of 17.13, with a low estimate of 6.00 and a high estimate of 33. The average target predicts an increase of 167.24% from the current stock price of 6.41.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for SHLS stock from 16 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 7 | 7 | 6 |
| Buy | 6 | 5 | 6 | 6 | 6 | 6 |
| Hold | 3 | 3 | 3 | 3 | 3 | 3 |
| Sell | 1 | 0 | 0 | 0 | 0 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 13 | 14 | 16 | 16 | 16 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Hold Maintains $13 → $12 | Hold | Maintains | $13 → $12 | +87.21% | May 9, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $15 → $11 | Strong Buy | Maintains | $15 → $11 | +71.61% | May 8, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Maintains $24 → $14 | Buy | Maintains | $24 → $14 | +118.41% | May 8, 2024 |
| Piper Sandler | Piper Sandler | Buy Maintains $14 → $11 | Buy | Maintains | $14 → $11 | +71.61% | May 8, 2024 |
| Northland Capital Markets | Northland Capital Markets | Hold → Sell Downgrades $12 → $6 | Hold → Sell | Downgrades | $12 → $6 | -6.40% | May 8, 2024 |
Financial Forecast
Revenue This Year
516.57M
from 488.94M
Increased by 5.65%
Revenue Next Year
660.97M
from 516.57M
Increased by 27.95%
EPS This Year
0.61
from 0.24
Increased by 156.18%
EPS Next Year
0.89
from 0.61
Increased by 44.03%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 668.2M | 866.0M | 1.1B | 1.2B | 1.3B |
| Avg | 516.6M | 661.0M | 809.3M | 885.1M | 957.1M |
| Low | 471.1M | 523.2M | 626.2M | 637.0M | 669.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 36.7% | 67.7% | 59.8% | 51.4% | 50.6% |
| Avg | 5.7% | 28.0% | 22.4% | 9.4% | 8.1% |
| Low | -3.7% | 1.3% | -5.3% | -21.3% | -24.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.92 | 1.19 | 1.44 | 1.67 | 1.83 |
| Avg | 0.61 | 0.89 | 1.05 | 1.09 | 1.19 |
| Low | 0.49 | 0.53 | 0.67 | 0.74 | 0.82 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 285.0% | 93.0% | 62.4% | 59.6% | 66.9% |
| Avg | 156.2% | 44.0% | 18.1% | 4.7% | 8.4% |
| Low | 104.2% | -13.9% | -24.7% | -28.8% | -24.8% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.