Shoals Technologies Group (NASDAQ:SHLS) Receives New Coverage from Analysts at Oppenheimer

Oppenheimer started coverage on shares of Shoals Technologies Group (NASDAQ:SHLS) in a research report sent to investors on Monday, The Fly reports. The firm issued an outperform rating and a $46.00 price target on the stock.

Several other equities analysts also recently weighed in on SHLS. Morgan Stanley started coverage on Shoals Technologies Group in a research report on Monday. They set an equal weight rating and a $41.00 price target for the company. Barclays started coverage on Shoals Technologies Group in a research report on Monday. They set an overweight rating and a $49.00 price objective for the company. Cowen started coverage on shares of Shoals Technologies Group in a report on Monday. They issued an outperform rating and a $39.00 target price on the stock. JPMorgan Chase & Co. started coverage on shares of Shoals Technologies Group in a research report on Monday. They issued an overweight rating and a $44.00 price objective for the company. Finally, The Goldman Sachs Group started coverage on shares of Shoals Technologies Group in a research report on Monday. They set a neutral rating and a $30.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $42.78.

Shares of SHLS opened at $39.71 on Monday. Shoals Technologies Group has a 1-year low of $30.04 and a 1-year high of $44.04.

Shoals Technologies Group Company Profile

Shoals Technologies Group, Inc provides electrical balance of system (EBOS) solutions for solar energy projects in the United States. It offers EBOS components, such as cable assemblies, inline fuses, combiners, disconnects, recombiners, wireless monitoring systems, junction boxes, transition enclosures, and splice boxes that carry the electric current produced by solar panels to an inverter and to the power grid.

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Analyst Recommendations for Shoals Technologies Group (NASDAQ:SHLS)

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