Piper Sandler analyst Kashy Harrison lowered the firm’s price target on Shoals Technologies (SHLS) to $6 from $8 and keeps an Overweight rating on the shares. The firm highlights constructive Q4 results from Shoals as EBITDA was in line on higher revenues while bookings at $145M recovered. Looking ahead, the company’s full year guidance came slightly beneath the Street, though Q1 missed more meaningfully.
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Read More on SHLS:
- Shoals Technologies Group: Strategic Initiatives and Attractive Valuation Drive Buy Rating
- Shoals Technologies Group Reports Q4 2024 Earnings
- Shoals Technologies reports Q4 adjusted EPS 8c, consensus 10c
- Shoals Technologies sees Q1 revenue $70M-$80M, consensus $99.01M
- Shoals Technologies sees FY25 revenue $410M-$450M, consensus $443.23M