Shoals Technologies Group, Inc. (SHLS) Misses Q1 EPS by 3c, Misses on Revenue; Offers Weak FY24 Revenue Guidance

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Go back to Shoals Technologies Group, Inc. (SHLS) Misses Q1 EPS by 3c, Misses on Revenue; Offers Weak FY24 Revenue Guidance

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