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Shoals Technologies Group (SHLS)
NASDAQ:SHLS
US Market

Shoals Technologies Group (SHLS) Stock Forecast & Price Target

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See the Price Targets and Ratings of:

SHLS Analyst Ratings

Moderate Buy
17Ratings
Moderate Buy
12 Buy
4 Hold
1 Sell
Based on 17 analysts giving stock ratings to
Shoals
Technologies Group
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

SHLS Stock 12 Month Forecast

Average Price Target

$6.14
▲(7.34%Upside)
Based on 17 Wall Street analysts offering 12 month price targets for Shoals Technologies Group in the last 3 months. The average price target is $6.14 with a high forecast of $11.00 and a low forecast of $4.00. The average price target represents a 7.34% change from the last price of $5.72.
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Highest Price Target$11.00Average Price Target$6.14Lowest Price Target$4.00
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Detailed List of Analyst Forecasts​
Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
TipRanks Analyst forecast on SHLS
TipRanks AITipRanks
Not Ranked
TipRanks
$7
Hold
22.38%
Upside
Reiterated
07/08/25
Shoals Technologies Group's stock is supported by positive technical indicators and solid financial health, though valuation concerns and revenue challenges weigh on the score. The company's strategic growth initiatives and strong backlog offer future potential despite geopolitical and litigation risks.
Oppenheimer Analyst forecast on SHLS
Colin RuschOppenheimer
Oppenheimer
$10$11
Buy
92.31%
Upside
Reiterated
07/07/25
Shoals Technologies Group (SHLS) Receives a Rating Update from a Top Analyst
Jefferies
$4.9$7.2
Buy
25.87%
Upside
Upgraded
07/07/25
Positive Report for Shoals Technologies Group (SHLS) from Jefferies
AI Firm
$5$5.5
Buy
-3.85%
Downside
Upgraded
06/11/25
TD Cowen Analyst forecast on SHLS
Jeff OsborneTD Cowen
TD Cowen
$8.5$5.2
Buy
-9.09%
Downside
Reiterated
06/10/25
Mizuho Securities Analyst forecast on SHLS
Maheep MandloiMizuho Securities
Mizuho Securities
$6$7
Buy
22.38%
Upside
Reiterated
06/02/25
Shoals Technologies price target raised to $7 from $6 at MizuhoShoals Technologies price target raised to $7 from $6 at Mizuho
Bank of America Securities Analyst forecast on SHLS
Dimple GosaiBank of America Securities
Bank of America Securities
$6
Buy
4.90%
Upside
Reiterated
05/29/25
Strategic Growth and Market Expansion Drive Buy Rating for Shoals Technologies Group
Morgan Stanley Analyst forecast on SHLS
Andrew PercocoMorgan Stanley
Morgan Stanley
$6
Buy
4.90%
Upside
Reiterated
05/16/25
Market Overreaction to Nextracker's Acquisition of Bentek: Shoals Technologies Group's Buy Rating Justified
Exane BNP Paribas Analyst forecast on SHLS
Moses SuttonExane BNP Paribas
Exane BNP Paribas
$4
Sell
-30.07%
Downside
Downgraded
05/15/25
Shoals downgraded to Underperform from Neutral at BNP Paribas ExaneShoals downgraded to Underperform from Neutral at BNP Paribas Exane
RBC Capital Analyst forecast on SHLS
Chris DendrinosRBC Capital
RBC Capital
$7
Buy
22.38%
Upside
Reiterated
05/13/25
Shoals Technologies Group (SHLS) Gets a Buy from RBC Capital
Guggenheim Analyst forecast on SHLS
Joseph OshaGuggenheim
Guggenheim
$5$6
Buy
4.90%
Upside
Reiterated
05/09/25
Shoals Technologies price target raised to $6 from $5 at GuggenheimShoals Technologies price target raised to $6 from $5 at Guggenheim
Barclays
$4
Hold
-30.07%
Downside
Reiterated
05/08/25
Barclays Reaffirms Their Hold Rating on Shoals Technologies Group (SHLS)
Goldman Sachs Analyst forecast on SHLS
Brian K. LeeGoldman Sachs
Goldman Sachs
$6
Buy
4.90%
Upside
Reiterated
05/07/25
Piper Sandler Analyst forecast on SHLS
Kashy HarrisonPiper Sandler
Piper Sandler
$6
Buy
4.90%
Upside
Reiterated
05/07/25
Shoals Technologies Group (SHLS) Gets a Buy from Piper Sandler
Truist Financial Analyst forecast on SHLS
Jordan LevyTruist Financial
Truist Financial
$7
Buy
22.38%
Upside
Reiterated
05/07/25
Truist Financial Keeps Their Buy Rating on Shoals Technologies Group (SHLS)
Ranks
Any
Any
Analyst Rating
Any
Any
Upside/ Downside
Any
Any
Action
Any
Any
Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
TipRanks Analyst forecast on SHLS
TipRanks AITipRanks
Not Ranked
TipRanks
$7
Hold
22.38%
Upside
Reiterated
07/08/25
Shoals Technologies Group's stock is supported by positive technical indicators and solid financial health, though valuation concerns and revenue challenges weigh on the score. The company's strategic growth initiatives and strong backlog offer future potential despite geopolitical and litigation risks.
Oppenheimer Analyst forecast on SHLS
Colin RuschOppenheimer
Oppenheimer
$10$11
Buy
92.31%
Upside
Reiterated
07/07/25
Shoals Technologies Group (SHLS) Receives a Rating Update from a Top Analyst
Jefferies
$4.9$7.2
Buy
25.87%
Upside
Upgraded
07/07/25
Positive Report for Shoals Technologies Group (SHLS) from Jefferies
AI Firm
$5$5.5
Buy
-3.85%
Downside
Upgraded
06/11/25
TD Cowen Analyst forecast on SHLS
Jeff OsborneTD Cowen
TD Cowen
$8.5$5.2
Buy
-9.09%
Downside
Reiterated
06/10/25
Mizuho Securities Analyst forecast on SHLS
Maheep MandloiMizuho Securities
Mizuho Securities
$6$7
Buy
22.38%
Upside
Reiterated
06/02/25
Shoals Technologies price target raised to $7 from $6 at MizuhoShoals Technologies price target raised to $7 from $6 at Mizuho
Bank of America Securities Analyst forecast on SHLS
Dimple GosaiBank of America Securities
Bank of America Securities
$6
Buy
4.90%
Upside
Reiterated
05/29/25
Strategic Growth and Market Expansion Drive Buy Rating for Shoals Technologies Group
Morgan Stanley Analyst forecast on SHLS
Andrew PercocoMorgan Stanley
Morgan Stanley
$6
Buy
4.90%
Upside
Reiterated
05/16/25
Market Overreaction to Nextracker's Acquisition of Bentek: Shoals Technologies Group's Buy Rating Justified
Exane BNP Paribas Analyst forecast on SHLS
Moses SuttonExane BNP Paribas
Exane BNP Paribas
$4
Sell
-30.07%
Downside
Downgraded
05/15/25
Shoals downgraded to Underperform from Neutral at BNP Paribas ExaneShoals downgraded to Underperform from Neutral at BNP Paribas Exane
RBC Capital Analyst forecast on SHLS
Chris DendrinosRBC Capital
RBC Capital
$7
Buy
22.38%
Upside
Reiterated
05/13/25
Shoals Technologies Group (SHLS) Gets a Buy from RBC Capital
Guggenheim Analyst forecast on SHLS
Joseph OshaGuggenheim
Guggenheim
$5$6
Buy
4.90%
Upside
Reiterated
05/09/25
Shoals Technologies price target raised to $6 from $5 at GuggenheimShoals Technologies price target raised to $6 from $5 at Guggenheim
Barclays
$4
Hold
-30.07%
Downside
Reiterated
05/08/25
Barclays Reaffirms Their Hold Rating on Shoals Technologies Group (SHLS)
Goldman Sachs Analyst forecast on SHLS
Brian K. LeeGoldman Sachs
Goldman Sachs
$6
Buy
4.90%
Upside
Reiterated
05/07/25
Piper Sandler Analyst forecast on SHLS
Kashy HarrisonPiper Sandler
Piper Sandler
$6
Buy
4.90%
Upside
Reiterated
05/07/25
Shoals Technologies Group (SHLS) Gets a Buy from Piper Sandler
Truist Financial Analyst forecast on SHLS
Jordan LevyTruist Financial
Truist Financial
$7
Buy
22.38%
Upside
Reiterated
05/07/25
Truist Financial Keeps Their Buy Rating on Shoals Technologies Group (SHLS)
Stocks with the Highest Top Analyst Consensus in the Technology Sector
Find stocks in the Technology sector that are highly recommended by Top Performing Analysts.

Best Analysts Covering Shoals Technologies Group

1 Month
xxx
Success Rate
7/17 ratings generated profit
41%
Average Return
-1.45%
reiterated a xxx
rating 2 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 41.18% of your transactions generating a profit, with an average return of -1.45% per trade.
3 Months
xxx
Success Rate
6/11 ratings generated profit
55%
Average Return
+0.98%
reiterated a xxx
rating last month
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 54.55% of your transactions generating a profit, with an average return of +0.98% per trade.
1 Year
Brian K. LeeGoldman Sachs
Success Rate
11/17 ratings generated profit
65%
Average Return
-1.29%
reiterated a buy rating 2 months ago
Copying Brian K. Lee's trades and holding each position for 1 Year would result in 64.71% of your transactions generating a profit, with an average return of -1.29% per trade.
2 Years
xxx
Success Rate
12/17 ratings generated profit
71%
Average Return
+5.94%
reiterated a xxx
rating 2 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 70.59% of your transactions generating a profit, with an average return of +5.94% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

SHLS Analyst Recommendation Trends

Rating
Mar 25
Apr 25
May 25
Jun 25
Jul 25
Strong Buy
14
16
9
9
4
Buy
5
2
7
9
10
Hold
12
7
9
8
7
Sell
0
0
1
1
1
Strong Sell
0
0
0
0
0
total
31
25
26
27
22
In the current month, SHLS has received 14 Buy Ratings, 7 Hold Ratings, and 1 Sell Ratings. SHLS average Analyst price target in the past 3 months is 6.14.
Each month's total comprises the sum of three months' worth of ratings.

SHLS Financial Forecast

SHLS Earnings Forecast

Next quarter’s earnings estimate for SHLS is $0.08 with a range of $0.06 to $0.10. The previous quarter’s EPS was $0.03. SHLS beat its EPS estimate 25.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 66.36% of the time in the same period. In the last calendar year SHLS has Outperformed its overall industry.
Next quarter’s earnings estimate for SHLS is $0.08 with a range of $0.06 to $0.10. The previous quarter’s EPS was $0.03. SHLS beat its EPS estimate 25.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 66.36% of the time in the same period. In the last calendar year SHLS has Outperformed its overall industry.

SHLS Sales Forecast

Next quarter’s sales forecast for SHLS is $104.79M with a range of $100.90M to $111.70M. The previous quarter’s sales results were $80.36M. SHLS beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 68.49% of the time in the same period. In the last calendar year SHLS has Outperformed its overall industry.
Next quarter’s sales forecast for SHLS is $104.79M with a range of $100.90M to $111.70M. The previous quarter’s sales results were $80.36M. SHLS beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 68.49% of the time in the same period. In the last calendar year SHLS has Outperformed its overall industry.

SHLS Stock Forecast FAQ

What is SHLS’s average 12-month price target, according to analysts?
Based on analyst ratings, Shoals Technologies Group’s 12-month average price target is 6.14.
    What is SHLS’s upside potential, based on the analysts’ average price target?
    Shoals Technologies Group has 7.34% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is SHLS a Buy, Sell or Hold?
          Shoals Technologies Group has a consensus rating of Moderate Buy which is based on 12 buy ratings, 4 hold ratings and 1 sell ratings.
            What is Shoals Technologies Group’s price target?
            The average price target for Shoals Technologies Group is 6.14. This is based on 17 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is $11.00 ,the lowest forecast is $4.00. The average price target represents 7.34% Increase from the current price of $5.72.
              What do analysts say about Shoals Technologies Group?
              Shoals Technologies Group’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 17 Wall Streets Analysts.
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