Jefferies Upgrades Shoals Technologies Group (SHLS) to Buy

Jefferies analyst Julian Dumoulin-Smith upgraded Shoals Technologies Group (NASDAQ: SHLS) from Buy to Buy with a price target of $7.20 (from $4.90).

The analyst comments "We upgrade to Buy with a PT of $7.2/sh, up from $4.90 previously. The FEOC restrictions in place in the OBBB support SHLS's competitiveness vs Voltage, and any potential safe harbor could result in accelerated revenue in '27/'28. We lift the revenue CAGR to ~15%, mid-point of 12-18% guide but above skeptical 11% cons. With materializing progress in Batteries & Int'l too, core has meaningful torque to solar visibility."

For an analyst ratings summary and ratings history on Shoals Technologies Group click here. For more ratings news on Shoals Technologies Group click here.

Shares of Shoals Technologies Group closed at $5.97 yesterday.

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