Shoals Technologies price target raised to $11 from $8 at Goldman Sachs

Goldman Sachs analyst Brian Lee raised the firm’s price target on Shoals Technologies (SHLS) to $11 from $8 and keeps a Buy rating on the shares. Shoals beat top-line expectations and raised 2025 revenue guidance for a second consecutive quarter, though higher opex kept EBITDA guidance unchanged, the analyst tells investors in a research note. While Q4 margins are expected to improve, medium-term visibility on margins and contributions from newer areas like BESS for data centers remains limited, though momentum across new initiatives suggests Shoals is on pace to meet or surpass prior topline targets, the firm says.