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

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

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 $11 at TD Cowen

(Updated - May 8, 2024 6:41 AM EDT)

TD Cowen analyst Jeffrey Osborne lowered the price target on Shoals Technologies Group (NASDAQ: SHLS) to $11.00 (from $15.00) while maintaining a Buy rating.

The analyst commented: "Facing project delays, Shoals adjusted its 2024 guidance and provided 2Q... More

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

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 $20 at Goldman Sachs

Goldman Sachs analyst Brian Lee lowered the price target on Shoals Technologies Group (NASDAQ: SHLS) to $20.00 (from $23.00) while maintaining a Buy rating.... More

Roth/MKM Downgrades Shoals Technologies Group (SHLS) to Neutral

(Updated - May 8, 2024 5:12 AM EDT)

Roth/MKM analyst Philip Shen downgraded Shoals Technologies Group (NASDAQ: SHLS) from Buy to Neutral with a price target of $8.00 (from $15.00).

The analyst comments "SHLS delivered a mixed Q1, weak Q2 outlook, and lowered its recently... More

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

Shoals Technologies Group, Inc. (NASDAQ: SHLS) reported Q1 EPS of $0.03, $0.03 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $90.8 million versus the consensus estimate of $97.35 million.

GUIDANCE:

Shoals Technologies Group, Inc. sees FY2024 revenue of $440-490... More

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

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