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.
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Read More on SHLS:
- Shoals Technologies price target lowered to $8 from $10 at Piper Sandler
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