What 11 Analyst Ratings Have To Say About Shoals Technologies Gr
Portfolio Pulse from Benzinga Insights
Shoals Technologies Group Inc (NASDAQ:SHLS) has received 11 analyst ratings in the last three months, with sentiments ranging from bullish to bearish. The average 12-month price target is $24.82, with a high of $33.00 and a low of $17.00, reflecting a 6.09% decrease from the previous average. Analysts have adjusted their ratings and price targets in response to market conditions and company performance. Shoals Technologies Gr specializes in EBOS solutions for solar energy projects and has recently entered the electric vehicle charging market. The company's financials show a revenue growth of 47.77% as of September 30, 2023, but it faces challenges with below-average ROE and ROA, despite efficient cost management and a conservative debt approach.
January 03, 2024 | 7:01 pm
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Shoals Technologies Gr has a diverse range of analyst ratings with an average 12-month price target of $24.82. The company's strong revenue growth and entry into the EV charging market are positive, but concerns over ROE and ROA may weigh on investor sentiment.
The mixed analyst ratings and the recent adjustments in price targets suggest a neutral short-term impact on SHLS's stock price. The strong revenue growth is a positive indicator, but the below-average ROE and ROA, along with the decrease in the average price target, could create uncertainty among investors. The company's entry into the EV charging market could be a potential growth driver, but it may take time to materialize in financial performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100