Shoals Technologies Group, Inc. (SHLS)
NASDAQ: SHLS · Real-Time Price · USD
9.66
-0.67 (-6.49%)
At close: May 18, 2026, 4:00 PM EDT
9.77
+0.11 (1.14%)
After-hours: May 18, 2026, 7:46 PM EDT
Shoals Technologies Group Stock Forecast
Stock Price Forecast
According to 20 analysts polled by S&P Global, Shoals Technologies Group stock has a consensus rating of "Buy" and an average price target of $9.84. The average 1-year stock price forecast is 1.86% higher than the current stock price, while the lowest is $6.50 (-32.71%) and the highest is $12 (+24.22%).
Price Target: $9.84 (+1.86%)
Analyst Consensus: Buy
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 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 7 | 6 | 6 | 6 | 6 |
| Buy | 7 | 7 | 5 | 4 | 4 | 4 |
| Hold | 4 | 4 | 3 | 3 | 3 | 3 |
| Sell | 1 | 1 | 1 | 1 | 1 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 19 | 19 | 15 | 14 | 14 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| UBS | UBS | Strong Buy Maintains $11 → $12 | Strong Buy | Maintains | $11 → $12 | +24.22% | May 7, 2026 |
| JP Morgan | JP Morgan | Buy Maintains $9 → $10 | Buy | Maintains | $9 → $10 | +3.52% | May 6, 2026 |
| Citigroup | Citigroup | Hold Maintains $8.5 → $9.5 | Hold | Maintains | $8.5 → $9.5 | -1.66% | May 6, 2026 |
| Needham | Needham | Strong Buy Reiterates $12 | Strong Buy | Reiterates | $12 | +24.22% | May 6, 2026 |
| JP Morgan | JP Morgan | Buy Maintains $11 → $9 | Buy | Maintains | $11 → $9 | -6.83% | Apr 16, 2026 |
Financial Forecast
Revenue This Year
598.97M
from 475.33M
Increased by 26.01%
Revenue Next Year
668.06M
from 598.97M
Increased by 11.53%
EPS This Year
0.41
from 0.20
Increased by 106.28%
EPS Next Year
0.52
from 0.41
Increased by 24.93%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|
| High | 650.4M | 726.6M | ||||||
| Avg | 599.0M | 668.1M | ||||||
| Low | 564.5M | 595.0M |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|
| High | 36.8% | 21.3% | ||||||
| Avg | 26.0% | 11.5% | ||||||
| Low | 18.8% | -0.7% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|
| High | 0.55 | 0.68 | ||||||
| Avg | 0.41 | 0.52 | ||||||
| Low | 0.28 | 0.36 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|
| High | 173.0% | 65.4% | ||||||
| Avg | 106.3% | 24.9% | ||||||
| Low | 42.1% | -12.1% |
Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data sources.