
SHLS Stock Forecast & Price Target
SHLS Analyst Ratings
Bulls say
Shoals Technologies Group demonstrated a significant increase in backlog and awarded orders, reaching $634.7 million, which reflects a positive trend compared to the previous quarter. The company's non-Blattner revenues in the fourth quarter of 2024 rose by 20% year-over-year, signaling the effectiveness of the new commercial strategy under the current CEO. Furthermore, the strong bookings of $145 million and a book-to-bill ratio of 1.36x highlight the firm's robust demand in a growing market, supported by forecasts indicating substantial growth in utility-scale solar and EV charging sectors over the coming years.
Bears say
Shoals Technologies Group has revised its revenue and adjusted EBITDA guidance for Q1 2025, reflecting a significant decline, with revenue expected to be approximately 25% below prior consensus estimates. The company's largest customer has experienced a substantial 41% year-over-year revenue drop, indicating potential risks to sales stability. Additionally, projected lower margins for the first half of 2025, exacerbated by challenges in international expansion and adverse product mix effects, contribute to a negative outlook on the stock's performance.
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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