Citi raised the firm’s price target on Shoals Technologies (SHLS) to $5.50 from $4.50 and keeps a Neutral rating on the shares. The firm believes the stock has bottomed following the Q1 beat. It sees an improving margin outlook but remains on the sidelines pending clear drivers to achieve over 40% margin in the long term.
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Read More on SHLS:
- Shoals Technologies Reports Q1 2025 Financial Results
- Shoals Technologies Earnings Call: Cautious Optimism Amid Challenges
- Shoals Technologies price target raised to $5 from $4 at Roth Capital
- Shoals Technologies Announces CAO Resignation and CFO Transition
- Shoals Technologies reports Q2 adjusted EPS 3c, consensus 4c
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