Form 8-K Shoals Technologies Grou For: May 02

Go back to Form 8-K Shoals Technologies Grou For: May 02

Northland Downgrades Shoals (SHLS) to Underperform, 'Q1 Miss, Revised Guidance Amidst Delays and Headwinds; CC&I Sub Sector In Focus'

May 8, 2024 8:05 AM EDT

Northland analyst Donovan Schafer downgraded Shoals Technologies Group (NASDAQ: SHLS) from Market Perform to Underperform with a price target of $6.00 (from $12.00).

The analyst comments "SHLS delivered a Q1 miss, weak Q2 guide, and lowered 2024 guidance. Project delays continued to impact financials, and... More

Shoals Technologies Group (SHLS) PT Lowered to $14 at Cantor Fitzgerald

May 8, 2024 6:41 AM EDT

Cantor Fitzgerald analyst Derek Soderberg lowered the price target on Shoals Technologies Group (NASDAQ: SHLS) to $14.00 (from $24.00) while maintaining a Overweight rating.

The analyst comments "Project delays and higher interest rates continue to impact SHLS, leading to another disappointing 2024 revenue guide that was ~7%... More

Shoals Technologies Group (SHLS) PT Lowered to $15 at RBC Capital

May 8, 2024 6:31 AM EDT

RBC Capital analyst Chris Dendrinos lowered the price target on Shoals Technologies Group (NASDAQ: SHLS) to $15.00 (from $17.00) while maintaining a Outperform rating.

The analyst comments "1Q24 results disappointed on continued project delays, resulting in the company lowering its full-year guide and a... More

Shoals Technologies Group (SHLS) PT Lowered to $15 at Roth/MKM

May 7, 2024 5:17 AM EDT

Roth/MKM analyst Philip Shen lowered the price target on Shoals Technologies Group (NASDAQ: SHLS) to $15.00 (from $20.00) while maintaining a Buy rating.

The analyst comments "While SHLS is down >40% since Q4 results (TAN-NC, -7%), we see limited near-term catalysts that could help... More