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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
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
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

