Truist analyst Jordan Levy lowered the firm’s price target on Shoals Technologies (SHLS) to $7 from $8 and keeps a Buy rating on the shares as part of a broader research note providing its 2025 outlook for Energy/Transition/Sustainability sector. The firm contends that while policy revisions and pullbacks from the Trump administration will be less punitive than currently implied by group multiples, it prefers to be “highly selective” into the first 100 days of the new government, the analyst tells investors in a research note. For the company, Truist notes that while it is acknowledging near-term industry/company-specific noises around project delays, warranty issues, and patent infringement, the firm also sees being well positioned for backlog growth out of growing pipeline, including having new market opportunities for years to come.
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