Shoals Technologies Group, Inc. (SHLS)

Shoals Technologies Group Stock Forecast

Stock Price Forecast

The 21 analysts with 12-month price forecasts for SHLS stock have an average target of 10.6, with a low estimate of 4.00 and a high estimate of 46. The average target predicts an increase of 107.03% from the current stock price of 5.12.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$4.00	$10.6	$8.00	$46
Change	-21.88%	+107.03%	+56.25%	+798.44%

Analyst Ratings

The average analyst rating for SHLS stock from 21 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	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	5	5	5	5	7	7
Buy	6	6	6	7	6	7
Hold	3	3	4	6	6	6
Sell	1	1	1	1	1	1
Strong Sell	1	1	1	0	0	0
Total	16	16	17	19	20	21

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Andrew Percoco Morgan Stanley	Morgan Stanley	Hold → Buy Upgrades $7	Hold → Buy	Upgrades	$7	+36.72%	Dec 17, 2024
Brian Lee Goldman Sachs	Goldman Sachs	Strong Buy Maintains $10 → $9	Strong Buy	Maintains	$10 → $9	+75.78%	Dec 17, 2024
Dimple Gosal B of A Securities	B of A Securities	Strong Buy Initiates $6	Strong Buy	Initiates	$6	+17.19%	Nov 25, 2024
Kashy Harrison Piper Sandler	Piper Sandler	Buy Maintains $10 → $8	Buy	Maintains	$10 → $8	+56.25%	Nov 22, 2024
Joseph Osha Guggenheim	Guggenheim	Strong Buy Maintains $8 → $7	Strong Buy	Maintains	$8 → $7	+36.72%	Nov 21, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

402.02M

Decreased by -17.78%

from 488.94M

Revenue Next Year

448.53M

Increased by 11.57%

from 402.02M

EPS This Year

0.36

Increased by 48.89%

from 0.24

EPS Next Year

0.43

Increased by 20.08%

from 0.36

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	402.02M	448.53M	509.88M
Revenue Growth	39.27%	21.47%	21.48%	53.34%	49.55%	-17.78%	11.57%	13.68%
EPS	0.16	0.21	-0.00	0.85	0.24	0.36	0.43	0.55
EPS Growth	190.77%	34.30%	-	-	-71.87%	48.89%	20.08%	28.25%
Forward PE	-	-	-	-	-	14.33	11.93	9.30
No. Analysts	-	-	-	-	-	24	24	20

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028	2029
High	416.9M	505.1M	583.7M
Avg	402.0M	448.5M	509.9M
Low	379.8M	392.0M	421.1M

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028	2029
High	-14.7%	25.6%	30.1%
Avg	-17.8%	11.6%	13.7%
Low	-22.3%	-2.5%	-6.1%

EPS Forecast

EPS	2024	2025	2026	2027	2028	2029
High	0.40	0.59	0.69
Avg	0.36	0.43	0.55
Low	0.25	0.28	0.37

EPS Growth

EPS Growth	2024	2025	2026	2027	2028	2029
High	66.3%	64.6%	61.5%
Avg	48.9%	20.1%	28.3%
Low	2.1%	-20.5%	-13.2%

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.