Shoals Technologies Group, Inc. (SHLS)
NASDAQ: SHLS · Real-Time Price · USD
4.410
+0.260 (6.27%)
At close: Nov 20, 2024, 4:00 PM
4.380
-0.030 (-0.68%)
Pre-market: Nov 21, 2024, 7:33 AM EST
Shoals Technologies Group Stock Forecast
Stock Price Forecast
The 18 analysts with 12-month price forecasts for SHLS stock have an average target of 12.14, with a low estimate of 4.00 and a high estimate of 46. The average target predicts an increase of 175.28% from the current stock price of 4.41.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for SHLS stock from 18 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 5 | 5 | 5 | 5 | 5 |
| Buy | 6 | 6 | 6 | 6 | 7 | 6 |
| Hold | 3 | 3 | 3 | 4 | 6 | 6 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 1 | 1 | 1 | 0 | 0 |
| Total | 16 | 16 | 16 | 17 | 19 | 18 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Hold Maintains $8 → $7 | Hold | Maintains | $8 → $7 | +58.73% | Nov 15, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $9.5 → $11 | Strong Buy | Maintains | $9.5 → $11 | +149.43% | Nov 13, 2024 |
| Barclays | Barclays | Hold Maintains $7 → $5 | Hold | Maintains | $7 → $5 | +13.38% | Nov 13, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $14 → $12 | Buy | Maintains | $14 → $12 | +172.11% | Oct 17, 2024 |
| Wells Fargo | Wells Fargo | Hold Initiates $46 | Hold | Initiates | $46 | +943.08% | Oct 14, 2024 |
Financial Forecast
Revenue This Year
391.30M
from 488.94M
Decreased by -19.97%
Revenue Next Year
461.13M
from 391.30M
Increased by 17.85%
EPS This Year
0.36
from 0.24
Increased by 51.75%
EPS Next Year
0.46
from 0.36
Increased by 25.81%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 414.6M | 544.4M | 591.7M | ||
| Avg | 391.3M | 461.1M | 522.1M | ||
| Low | 362.7M | 402.5M | 417.0M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -15.2% | 39.1% | 28.3% | ||
| Avg | -20.0% | 17.8% | 13.2% | ||
| Low | -25.8% | 2.9% | -9.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.43 | 0.65 | 0.77 | ||
| Avg | 0.36 | 0.46 | 0.56 | ||
| Low | 0.24 | 0.30 | 0.39 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 79.4% | 78.8% | 67.3% | ||
| Avg | 51.7% | 25.8% | 21.7% | ||
| Low | -2.0% | -16.6% | -14.4% |
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.