
SHLS Stock Forecast & Price Target
SHLS Analyst Ratings
Bulls say
Shoals Technologies Group reported a robust backlog and awarded orders totaling $634.7 million, reflecting growth from the previous quarter and signaling strong demand for its electrical balance of system solutions in the solar energy sector. The company achieved impressive 20% year-over-year growth in non-Blattner revenues, coupled with a healthy book-to-bill ratio of 1.36x for bookings of $145 million, indicative of solid operational momentum. Additionally, with increasing utility-scale solar and EV charging demand projected to grow significantly over the next several years, Shoals is well-positioned to capitalize on expanding market opportunities.
Bears say
Shoals Technologies Group has issued a negative outlook based on a downward revision of its financial guidance, with projected adjusted EBITDA for 2025 estimated at approximately $108 million, marking a 6% decline from prior consensus estimates. Additionally, Q1 2025 revenue guidance was set at around $97 million, which is substantially lower, at 25% below consensus, compounded by a 49% reduction in expected adjusted EBITDA for the same quarter. Furthermore, a significant 41% year-over-year decline in revenues from the company's largest customer has raised concerns about margin sustainability and growth prospects, especially amidst anticipated challenges in international expansion.
This aggregate rating is based on analysts' research of Shoals Technologies Group and is not a guaranteed prediction by Public.com or investment advice.
SHLS Analyst Forecast & Price Prediction
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