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S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
NASDAQ:SHLS

Shoals Technologies Group Price Target, Predictions & Analyst Ratings

$16.29
-0.19 (-1.15%)
(As of 07/1/2022 12:00 AM ET)
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Today's Range
$16.03
$17.01
50-Day Range
$9.78
$19.57
52-Week Range
$9.58
$37.61
Volume
1.68 million shs
Average Volume
2.84 million shs
Market Capitalization
$2.72 billion
P/E Ratio
325.80
Dividend Yield
N/A
Price Target
$25.31

Shoals Technologies Group (NASDAQ:SHLS) Price Target and Consensus Rating (2022)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Analyst Rating

Moderate Buy
Based on 10 Analyst Ratings

Consensus Analyst Price Target

$25.31
55.36% Upside
High Price Target$40.00
Average Price Target$25.31
Low Price Target$15.00
TypeCurrent
7/2/21 to 7/2/22
1 Month Ago
6/2/21 to 6/2/22
3 Months Ago
4/3/21 to 4/3/22
1 Year Ago
7/2/20 to 7/2/21
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
5 Buy rating(s)
6 Buy rating(s)
9 Buy rating(s)
Hold
4 Hold rating(s)
5 Hold rating(s)
5 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$25.31$25.92$30.30$39.92
Predicted Upside55.36% Upside29.35% Upside22.76% Upside17.95% Upside
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SHLS Stock Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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SHLS Stock Price Target by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Shoals Technologies Group Stock vs. The Competition

TypeShoals Technologies GroupOils/Energy CompaniesS&P 500
Consensus Rating Score
2.60
2.46
2.51
Consensus RatingModerate BuyHoldBuy
Predicted Upside55.64% Upside78.08% Upside31.81% Upside
News Sentiment RatingPositive News
Positive News
Neutral News
MarketBeat
Community Rating
Outperform Votes
28
45.16%
Underperform Votes
34
54.84%
Avg. Outperform Votes
260
65.00%
Avg. Underperform Votes
140
35.00%
Avg. Outperform Votes
840
69.14%
Avg. Underperform Votes
375
30.86%

Historical Shoals Technologies Group Price Targets and Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/20/2022The Goldman Sachs Group
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 Boost TargetBuy$19.00 ➝ $22.00+12.42%
6/13/2022Morgan Stanley
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 Lower TargetEqual Weight$25.00 ➝ $21.00+21.46%
6/9/2022UBS Group
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 Boost Target$27.00+46.02%
6/9/2022Truist Financial
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 UpgradeHold ➝ Buy$16.00 ➝ $25.00+34.26%
5/18/2022Credit Suisse Group
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 Lower Target$31.00 ➝ $25.00+86.29%
5/17/2022Piper Sandler
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Kashy Harrison
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Lower TargetNA$15.00+9.89%
5/17/2022Oppenheimer
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 Lower TargetNA$40.00+193.04%
5/17/2022Cowen
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 Lower TargetNA$20.00+46.52%
5/17/2022Guggenheim
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Joseph Osha
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Lower TargetNA$22.00 ➝ $19.00+56.77%
5/10/2022Northland Securities
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 Initiated CoverageOutperform$16.00+30.19%
4/19/2022JPMorgan Chase & Co.
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 Lower TargetOverweight$35.00 ➝ $33.00+161.90%
3/30/2022Colliers Securities
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D. Soderberg
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Reiterated RatingNeutral
11/10/2021Roth Capital
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 Lower TargetBuy$44.00 ➝ $37.00+12.94%
11/10/2021Barclays
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 Lower TargetEqual Weight$32.00 ➝ $29.00-11.48%
3/22/2021Johnson Rice
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 Initiated CoverageBuy$43.00+33.13%
(Data available from 7/2/2017 forward. View 10+ years of historical ratings with our analyst ratings screener.)












Shoals Technologies Group Price Target - Frequently Asked Questions

What is Shoals Technologies Group's consensus rating and price target?

According to the issued ratings of 10 analysts in the last year, the consensus rating for Shoals Technologies Group stock is Moderate Buy based on the current 4 hold ratings and 6 buy ratings for SHLS. The average twelve-month price prediction for Shoals Technologies Group is $25.31 with a high price target of $40.00 and a low price target of $15.00. Learn more on SHLS's analyst rating history.

Do Wall Street analysts like Shoals Technologies Group more than its competitors?

Analysts like Shoals Technologies Group stock more than the stock of other Oils/Energy companies. The consensus rating for Shoals Technologies Group is Moderate Buy while the average consensus rating for oils/energy companies is Hold. Learn more on how SHLS compares to other companies.

Do MarketBeat users like Shoals Technologies Group more than its competitors?

MarketBeat users like Shoals Technologies Group stock less than the stock of other Oils/Energy companies. 45.16% of MarketBeat users gave Shoals Technologies Group an outperform vote while oils/energy companies recieve an average of 65.00% outperform votes by MarketBeat users.

Is Shoals Technologies Group being upgraded or downgraded by Wall Street analysts?

Over the previous 90 days, Shoals Technologies Group's stock had 1 upgrade and 1 downgrade by analysts.

Does Shoals Technologies Group's stock price have much upside?

According to analysts, Shoals Technologies Group's stock has a predicted upside of 36.42% based on their 12-month price targets.

What analysts cover Shoals Technologies Group?
This page (NASDAQ:SHLS) was last updated on 7/2/2022 by MarketBeat.com Staff

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