Roth Capital upgraded Shoals Technologies (SHLS) to Buy from Neutral with a price target of $10, up from $5. The company reported a Q2 beat with an increased outlook and showed strong bookings and backlog, the analyst tells investors in a research note. The firm sees post-earnings selloff as buying opportunity given the company’s premium product, over 50% market share and growth visibility. Roth views current share levels as an attractive entry point.
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