Jefferies raised the firm’s price target on Shoals Technologies (SHLS) to $9 from $6 and keeps a Buy rating on the shares. Shoals is confident in strong top-line growth through 2027 and management remains confident in gross margins in a mid- to high-30s percentage, the analyst tells investors. The firm views Shoals as “poised to accelerate on a whole host of avenues,” the analyst added.
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