Analyst Scoreboard: 15 Ratings For Shoals Technologies Gr
Portfolio Pulse from Benzinga Insights
Shoals Technologies Gr (NASDAQ:SHLS) has received mixed analyst ratings over the past three months, with a recent shift towards a more cautious outlook. The average 12-month price target for SHLS has been lowered to $19.13 from $23.54, indicating a significant decrease in analyst expectations. Key financial indicators show the company outperforming industry averages in revenue growth, net margin, ROE, and ROA, while maintaining a low debt-to-equity ratio. The company, known for its EBOS solutions for solar energy projects, has also entered the electric vehicle charging market.
April 11, 2024 | 2:00 pm
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Shoals Technologies Gr has seen a downward revision in analyst price targets, with the average target now at $19.13, reflecting a decrease from the previous $23.54. Despite this, the company's financial health appears robust, with significant revenue growth and strong profitability metrics.
The reduction in the average price target by analysts suggests a short-term bearish outlook for SHLS, likely due to market conditions or revised growth expectations. However, the company's solid financial performance and expansion into new markets may mitigate negative impacts over the longer term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100