Mizuho lowered the firm’s price target on Shoals Technologies (SHLS) to $6 from $7 and keeps an Outperform rating on the shares. The firm reduced its 2025 revenue growth estimate to 12% year-over-year, which remains above the consensus of 10%. The analyst expects q4 to be an in-line quarter for the utility solar names. It is above consensus for 2025 revenue, citing third-party research data that shows higher estimates for 2025 utility solar installations in December versus in September.
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