Wolfe Research initiated coverage of Shoals Technologies (SHLS) with a Peer Perform rating with no price target Shoals should benefit from long-term secular tailwinds as a leading supplier to the solar industry, but IRA risks, industry-wide project delays and rising competition keep the firm on the sidelines, the analyst tells investors. The firm sees a fair value in a range of $5-$7 per share.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHLS:
- Shoals Technologies price target lowered to $6 from $7 at Mizuho
- Shoals Technologies price target lowered to $10 from $11 at JPMorgan
- No day-one tariffs coming from Trump, trade overhaul planned, Reuters reports
- Shoals Technologies price target lowered to $4 from $5 at Barclays
- Treasury releases guidance on domestic content bonus for clean energy credits