
SHLS Stock Forecast & Price Target
SHLS Analyst Ratings
Bulls say
Shoals Technologies Group has demonstrated robust growth, with a significant increase in backlog and awarded orders of approximately 21% year-over-year and 7% quarter-over-quarter, reaching $721 million in Q3'25. The company is experiencing strong utility-scale demand, as evidenced by its Q3 quoting volume exceeding $900 million and higher quarterly revenue growth, which lifted off from the 1Q25 trough and saw a 12% year-over-year increase in 2Q25. Additionally, Shoals has raised its 2025 revenue guidance, suggesting substantial revenue potential moving forward, with projected Q4 revenue estimated at approximately $145 million, surpassing prior consensus expectations.
Bears say
Shoals Technologies Group faces significant challenges that may negatively impact its stock performance, primarily due to increased competition and the potential for margin erosion as it pursues international expansion. Additionally, the company is vulnerable to utility-scale market stagnation from policy frictions, intensified price competition, and a potential decline in demand for its electrical balance of system solutions. These factors, combined with weak gross margins and overall market de-risking trends, contribute to a negative outlook for the company's financial health and stock valuation.
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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