Cowen Starts Shoals Technologies Group (SHLS) at Market Perform

February 22, 2021 5:32 AM EST
Get Alerts SHLS Hot Sheet
Price: $33.72 --0%

Rating Summary:
    7 Buy, 4 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 9 | Down: 9 | New: 40
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Cowen analyst Jeffrey Osborne initiates coverage on Shoals Technologies Group (NASDAQ: SHLS) with a Market Perform rating and a price target of $39.00.

The analyst comments "We initiate on SHLS with a Market Perform rating and $39 price target. Shoals provides EBOS components for PV projects, customizing a unique system solution for its customers. The cost savings to install Shoals' solution is driving demand. We see multiple levers for growth and market share gains, and while we are excited about the story, valuation is the only obstacle keeping us on the sidelines."

For an analyst ratings summary and ratings history on Shoals Technologies Group click here. For more ratings news on Shoals Technologies Group click here.

Shares of Shoals Technologies Group closed at $40.60 yesterday.



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