Shoals Technologies Group, Inc. (SHLS)

Shoals Technologies Group Stock Forecast

Stock Price Forecast

The 18 analysts that cover Shoals Technologies Group stock have a consensus rating of "Buy" and an average price target of $9.33, which forecasts a -1.69% decrease in the stock price over the next year. The lowest target is $4.00 and the highest is $15.

Price Target: $9.33 (-1.69%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$4.00	$9.33	$10	$15
Change	-57.85%	-1.69%	+5.37%	+58.06%

* Price targets were last updated on Dec 16, 2025.

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	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26
Strong Buy	6	6	7	8	7	7
Buy	9	7	8	8	7	7
Hold	6	6	4	4	4	4
Sell	2	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	23	20	20	21	19	19

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Andrew Percoco Morgan Stanley	Morgan Stanley	Buy → Hold Downgrades $11 → $9.5	Buy → Hold	Downgrades	$11 → $9.5	+0.11%	Dec 16, 2025
Joseph Osha Guggenheim	Guggenheim	Strong Buy Maintains $8 → $12	Strong Buy	Maintains	$8 → $12	+26.45%	Nov 11, 2025
Praneeth Satish Wells Fargo	Wells Fargo	Hold Maintains $6 → $10	Hold	Maintains	$6 → $10	+5.37%	Nov 6, 2025
Jon Windham UBS	UBS	Strong Buy Maintains $9 → $12	Strong Buy	Maintains	$9 → $12	+26.45%	Nov 5, 2025
Philip Shen Roth Capital	Roth Capital	Strong Buy Reiterates $10 → $15	Strong Buy	Reiterates	$10 → $15	+58.06%	Nov 5, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

481.54M

Increased by 20.62%

from 399.21M

Revenue Next Year

570.78M

Increased by 18.53%

from 481.54M

EPS This Year

0.39

Increased by 181.05%

from 0.14

EPS Next Year

0.51

Increased by 29.19%

from 0.39

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	175.52M	213.21M	326.94M	488.94M	399.21M	481.54M	570.78M
Revenue Growth	21.47%	21.48%	53.34%	49.55%	-18.35%	20.62%	18.53%
EPS	0.21	-0.00	0.85	0.24	0.14	0.39	0.51
EPS Growth	34.30%	-	-	-71.87%	-41.67%	181.05%	29.19%
Forward PE	-	-	-	-	-	24.12	18.67
No. Analysts	-	-	-	-	-	22	22

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029	2030
High	500.8M	630.4M
Avg	481.5M	570.8M
Low	455.7M	479.2M

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029	2030
High	25.4%	30.9%
Avg	20.6%	18.5%
Low	14.2%	-0.5%

EPS Forecast

EPS	2025	2026	2027	2028	2029	2030
High	0.44	0.67
Avg	0.39	0.51
Low	0.29	0.36

EPS Growth

EPS Growth	2025	2026	2027	2028	2029	2030
High	215.7%	70.8%
Avg	181.0%	29.2%
Low	110.0%	-7.8%

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.