BofA raised the firm’s price target on Shoals Technologies (SHLS) to $8 from $6 and keeps a Buy rating on the shares. The firm is updating its price targets on U.S. Cleantech stocks under its coverage as utility solar demand continues to hold up despite “policy noise,” the analyst tells investors. Overall, development momentum remains intact, and interconnection and transmission remain manageable, the firm states. BofA believes Shoals offers more risk than Nextracker (NXT) but the most upside.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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 raised to $7 from $4 at Barclays
- Charged: Musk says doesn’t support merger between Tesla, xAI
- Shoals Technologies downgraded to Neutral from Outperform at Mizuho
- Executive Order to enforce BBB to have negative impact on solar sector, RBC says
- Shoals Technologies executes contract with CJR Renewables