BofA initiated coverage of Shoals Technologies (SHLS) with a Buy rating and $6 price target Shoals is “integral” in connecting key solar components in the solar field as a leading electric balance of systems provider, the analyst tells investors. The company’s successful defense of its intellectual property in the Voltage lawsuit highlights its competitive strength and significant barriers to entry, the analyst added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHLS:
- Shoals Technologies price target lowered to $8 from $10 at Piper Sandler
- Shoals Technologies price target lowered to $7 from $8 at Guggenheim
- Shoals Technologies participates in a conference call with Truist
- Shoals Technologies price target lowered to $7 from $8 at Morgan Stanley
- Shoals Technologies participates in a conference call with Jefferies