Shoals Technologies Group, Inc. (SHLS)

Shoals Technologies Group Stock Forecast

Stock Price Forecast

According to 23 professional analysts, the 12-month price target for Shoals Technologies Group stock ranges from a low of $3.40 to a high of $46. The average analyst price target of $9.10 forecasts a 87.44% increase in the stock price over the next year.

Price Target: $9.10 (+87.44%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$3.40	$9.10	$7.00	$46
Change	-29.97%	+87.44%	+44.18%	+847.48%

Analyst Ratings

The average analyst rating for Shoals Technologies Group stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25	May '25
Strong Buy	7	6	6	6	6	6
Buy	7	8	9	9	9	9
Hold	6	6	7	7	7	7
Sell	1	1	1	1	1	2
Strong Sell	0	0	0	0	0	0
Total	21	21	23	23	23	24

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Moses Sutton Exane BNP Paribas	Exane BNP Paribas	Hold → Sell Downgrades $4.5 → $4	Hold → Sell	Downgrades	$4.5 → $4	-17.61%	May 15, 2025
Joseph Osha Guggenheim	Guggenheim	Strong Buy Maintains $5 → $6	Strong Buy	Maintains	$5 → $6	+23.58%	May 9, 2025
Brian Lee Goldman Sachs	Goldman Sachs	Strong Buy Maintains $5 → $6	Strong Buy	Maintains	$5 → $6	+23.58%	May 7, 2025
Vikram Bagri Citigroup	Citigroup	Hold Maintains $4.5 → $5.5	Hold	Maintains	$4.5 → $5.5	+13.29%	May 7, 2025
Julien Dumoulin-Smith Jefferies	Jefferies	Hold Maintains $4.6 → $3.4	Hold	Maintains	$4.6 → $3.4	-29.97%	Mar 12, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

443.46M

Increased by 11.08%

from 399.21M

Revenue Next Year

495.49M

Increased by 11.73%

from 443.46M

EPS This Year

0.38

Increased by 174.82%

from 0.14

EPS Next Year

0.47

Increased by 22.27%

from 0.38

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	175.52M	213.21M	326.94M	488.94M	399.21M	443.46M	495.49M	546.93M
Revenue Growth	21.47%	21.48%	53.34%	49.55%	-18.35%	11.08%	11.73%	10.38%
EPS	0.21	-0.00	0.85	0.24	0.14	0.38	0.47	0.54
EPS Growth	34.30%	-	-	-71.87%	-41.67%	174.82%	22.27%	13.89%
Forward PE	-	-	-	-	-	12.62	10.32	9.06
No. Analysts	-	-	-	-	-	24	24	17

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	472.5M	543.9M	632.8M
Avg	443.5M	495.5M	546.9M
Low	411.6M	410.9M	419.4M

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	18.4%	22.6%	27.7%
Avg	11.1%	11.7%	10.4%
Low	3.1%	-7.3%	-15.3%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	0.47	0.64	0.76
Avg	0.38	0.47	0.54
Low	0.22	0.32	0.25

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	237.5%	66.5%	60.7%
Avg	174.8%	22.3%	13.9%
Low	54.0%	-15.9%	-45.8%

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.