Shoals Technologies Group, Inc. (SHLS)

Shoals Technologies Group Stock Forecast

Stock Price Forecast

The 18 analysts with 12-month price forecasts for SHLS stock have an average target of 12.81, with a low estimate of 4.00 and a high estimate of 46. The average target predicts an increase of 114.93% from the current stock price of 5.96.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$4.00	$12.81	$11	$46
Change	-32.89%	+114.93%	+84.56%	+671.81%

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	May '24	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24
Strong Buy	6	6	5	5	5	5
Buy	6	6	6	6	6	6
Hold	3	3	3	3	4	6
Sell	1	1	1	1	1	1
Strong Sell	0	0	1	1	1	0
Total	16	16	16	16	17	18

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Paul Coster JP Morgan	JP Morgan	Buy Maintains $14 → $12	Buy	Maintains	$14 → $12	+101.34%	Oct 17, 2024
Praneeth Satish Wells Fargo	Wells Fargo	Hold Initiates $46	Hold	Initiates	$46	+671.81%	Oct 14, 2024
Christine Cho Barclays	Barclays	Hold Maintains $7	Hold	Maintains	$7	+17.45%	Oct 10, 2024
Vikram Bagri Citigroup	Citigroup	Strong Sell → Hold Upgrades $5 → $5.5	Strong Sell → Hold	Upgrades	$5 → $5.5	-7.72%	Oct 3, 2024
Derek Soderberg Cantor Fitzgerald	Cantor Fitzgerald	Buy Reiterates $12	Buy	Reiterates	$12	+101.34%	Sep 17, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

391.30M

Decreased by -19.97%

from 488.94M

Revenue Next Year

465.30M

Increased by 18.91%

from 391.30M

EPS This Year

0.37

Increased by 55.57%

from 0.24

EPS Next Year

0.47

Increased by 25.17%

from 0.37

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	144.50M	175.52M	213.21M	326.94M	488.94M	391.30M	465.30M	528.99M
Revenue Growth	39.27%	21.47%	21.48%	53.34%	49.55%	-19.97%	18.91%	13.69%
EPS	0.16	0.21	-0.00	0.85	0.24	0.37	0.47	0.58
EPS Growth	190.77%	34.30%	-	-	-71.87%	55.57%	25.17%	24.69%
Forward PE	-	-	-	-	-	15.96	12.75	10.23
No. Analysts	-	-	-	-	-	23	23	19

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	414.6M	570.2M	669.9M
Avg	391.3M	465.3M	529.0M
Low	362.7M	402.5M	417.0M

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	-15.2%	45.7%	44.0%
Avg	-20.0%	18.9%	13.7%
Low	-25.8%	2.9%	-10.4%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	0.51	0.71	0.90
Avg	0.37	0.47	0.58
Low	0.24	0.30	0.39

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	114.4%	91.2%	93.2%
Avg	55.6%	25.2%	24.7%
Low	-2.0%	-18.6%	-16.1%

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.