Shoals Technologies Group, Inc. Appoints Jeffery Tolnar as Interim Chief Executive Officer

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Northland Downgrades Shoals Technologies Group (SHLS) to Market Perform, 'Strong Q4 Beat & Mixed 2023 Guide; Downgrading on Likely Growth Challenges'

March 1, 2023 7:36 AM EST

Northland Capital Markets analyst Donovan Schafer downgraded Shoals Technologies Group (NASDAQ: SHLS) from Outperform to Market Perform with a price target of $27.00 (from $30.00).

The analyst comments "SHLS reported a strong Q4 and mixed 2023 guide. While Q4 was strong and 2023 guide... More