Goldman Sachs analyst Brian Lee raised the firm’s price target on Shoals Technologies (SHLS) to $11 from $10 and keeps a Buy rating on the shares. Shoals delivered solid Q1 results with revenue ahead of expectations and EBITDA and EPS in line, supported by resilient utility-scale solar demand, alongside stronger-than-expected Q2 guidance and an improved FY26 revenue outlook, though margin recovery visibility remains a key focus given slightly softer gross margins in the quarter, the analyst tells investors in a research note.
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Read More on SHLS:
- Shoals Technologies Earnings Call Signals Growth Amid Strain
- Shoals Technologies raises FY26 revenue view to $600M-$640M from $560M-$600M
- Shoals Technologies reports Q1 adjusted EPS 7c, consensus 6c
- Shoals Technologies sees Q2 revenue $150M-$170M, consensus $139.18M
- Shoals Technologies shareholders back board, pay and auditor