Shoals Technologies Group, Inc. (SHLS)

Shoals Technologies Group Stock Forecast

Stock Price Forecast

The 22 analysts with 12-month price forecasts for Shoals Technologies Group stock have an average target of 9.43, with a low estimate of 3.40 and a high estimate of 46. The average target predicts an increase of 184.04% from the current stock price of 3.32.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$3.40	$9.43	$7.00	$46
Change	+2.41%	+184.04%	+110.84%	+1285.5%

Analyst Ratings

The average analyst rating for Shoals Technologies Group stock from 23 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	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25
Strong Buy	5	7	7	6	6	6
Buy	7	6	7	8	9	9
Hold	6	6	6	6	7	7
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	19	20	21	21	23	23

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Julien Dumoulin-Smith Jefferies	Jefferies	Hold Maintains $4.6 → $3.4	Hold	Maintains	$4.6 → $3.4	+2.41%	Mar 12, 2025
Jon Windham UBS	UBS	Strong Buy Maintains $8 → $7	Strong Buy	Maintains	$8 → $7	+110.84%	Feb 26, 2025
Kashy Harrison Piper Sandler	Piper Sandler	Buy Maintains $8 → $6	Buy	Maintains	$8 → $6	+80.72%	Feb 26, 2025
Brian Lee Goldman Sachs	Goldman Sachs	Strong Buy Maintains $8 → $7	Strong Buy	Maintains	$8 → $7	+110.84%	Feb 26, 2025
Christopher Dendrinos RBC Capital	RBC Capital	Buy Maintains $9 → $7	Buy	Maintains	$9 → $7	+110.84%	Feb 26, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

441.16M

Increased by 10.51%

from 399.21M

Revenue Next Year

494.78M

Increased by 12.15%

from 441.16M

EPS This Year

0.39

Increased by 177.09%

from 0.14

EPS Next Year

0.47

Increased by 21.29%

from 0.39

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	441.16M	494.78M	548.32M
Revenue Growth	21.47%	21.48%	53.34%	49.55%	-18.35%	10.51%	12.15%	10.82%
EPS	0.21	-0.00	0.85	0.24	0.14	0.39	0.47	0.54
EPS Growth	34.30%	-	-	-71.87%	-41.67%	177.09%	21.29%	14.80%
Forward PE	-	-	-	-	-	8.56	7.06	6.15
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	505.1M	566.9M	632.8M
Avg	441.2M	494.8M	548.3M
Low	405.2M	386.6M	394.0M

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	26.5%	28.5%	27.9%
Avg	10.5%	12.2%	10.8%
Low	1.5%	-12.4%	-20.4%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	0.47	0.64	0.76
Avg	0.39	0.47	0.54
Low	0.23	0.31	0.25

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	237.5%	65.1%	60.7%
Avg	177.1%	21.3%	14.8%
Low	61.0%	-20.9%	-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.