Wells Fargo initiated coverage on Shoals Technologies with a new price target
$SHLS
Semiconductors
Technology
Wells Fargo initiated coverage of Shoals Technologies with a rating of Equal Weight and set a new price target of $46.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/15/2025 | $4.00 | Neutral → Underperform | BNP Paribas Exane |
| 2/18/2025 | Peer Perform | Wolfe Research | |
| 12/17/2024 | $7.00 | Equal-Weight → Overweight | Morgan Stanley |
| 11/25/2024 | $6.00 | Buy | BofA Securities |
| 11/13/2024 | $9.50 → $11.00 | Buy | TD Cowen |
| 10/14/2024 | $46.00 | Equal Weight | Wells Fargo |
| 10/3/2024 | $5.00 → $5.50 | Sell → Neutral | Citigroup |
| 9/4/2024 | $5.00 | Hold | Jefferies |
SD - Shoals Technologies Group, Inc. (0001831651) (Filer)
SCHEDULE 13G - Shoals Technologies Group, Inc. (0001831651) (Subject)
8-K - Shoals Technologies Group, Inc. (0001831651) (Filer)
PORTLAND, Tenn., June 16, 2025 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. ("Shoals"), a leading provider of electrical balance of system solutions for the global energy transition market, announced today that it has further strengthened its executive team with the addition of Bobbie L. King, Jr. as Chief Legal Officer and Corporate Secretary to drive its legal strategy and support sustainable growth. Mr. King brings over 15 years of legal and leadership experience in the clean infrastructure industry. He joins Shoals from HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI), where he served as Senior Vice President & Deputy Chief Legal Officer. Mr. King has also held senior le
– Quarterly Revenue of $80.4 million – – Gross Margin of 35.0% – – Net Loss of $(0.3) million – – Adjusted EBITDA1 of $12.8 million – – Backlog and Awarded Orders Increased 5% Year-Over-Year to $645.1 million – – Provides Second Quarter and Full Year 2025 Outlook – PORTLAND, Tenn., May 06, 2025 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. ("Shoals" or the "Company") (NASDAQ:SHLS), a leading provider of electrical balance of system ("EBOS") solutions and components, including battery energy storage solutions ("BESS") and Original Equipment Manufacturer ("OEM") components for the global energy transition market, today announced results for its first quart
PORTLAND, Tenn., May 05, 2025 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (NASDAQ:SHLS), a global leader in electrical balance of system (EBOS) solutions for the energy transition market, announced today the execution of a Memorandum of Understanding (MOU) with UGT Renewables to collaborate on up to 12 gigawatts (GW) of global solar projects currently in UGT Renewables' development pipeline. This collaboration aims to bring innovative EBOS solutions to emerging markets, accelerating the energy transition and supporting sustainable development. "We are always seeking best-in-class providers for our projects in order to deliver world-class American-led energy installations. We hav
BNP Paribas Exane downgraded Shoals Technologies from Neutral to Underperform and set a new price target of $4.00
Wolfe Research initiated coverage of Shoals Technologies with a rating of Peer Perform
Morgan Stanley upgraded Shoals Technologies from Equal-Weight to Overweight and set a new price target of $7.00
4 - Shoals Technologies Group, Inc. (0001831651) (Issuer)
4 - Shoals Technologies Group, Inc. (0001831651) (Issuer)
4 - Shoals Technologies Group, Inc. (0001831651) (Issuer)
4 - Shoals Technologies Group, Inc. (0001831651) (Issuer)
3 - Shoals Technologies Group, Inc. (0001831651) (Issuer)
4 - Shoals Technologies Group, Inc. (0001831651) (Issuer)
– Quarterly Revenue of $80.4 million – – Gross Margin of 35.0% – – Net Loss of $(0.3) million – – Adjusted EBITDA1 of $12.8 million – – Backlog and Awarded Orders Increased 5% Year-Over-Year to $645.1 million – – Provides Second Quarter and Full Year 2025 Outlook – PORTLAND, Tenn., May 06, 2025 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. ("Shoals" or the "Company") (NASDAQ:SHLS), a leading provider of electrical balance of system ("EBOS") solutions and components, including battery energy storage solutions ("BESS") and Original Equipment Manufacturer ("OEM") components for the global energy transition market, today announced results for its first quart
PORTLAND, Tenn., April 07, 2025 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (the "Company") (NASDAQ:SHLS) today announced that the Company will release its first quarter 2025 results before market open on Tuesday, May 6, 2025, to be followed by a conference call at 8:00 a.m. (Eastern Time) on the same day. Interested investors and other parties can access the live webcast through the Investor Relations section of the Company's website at https://investors.shoals.com. An archived replay of the webcast will be available shortly after the event concludes. About Shoals Technologies Group, Inc.Shoals Technologies Group is a leading provider of electrical balance of systems ("EBOS") so
– Quarterly Revenue of $107.0 million – – Adjusted Gross Profit Percentage1 of 37.6% – – Quarterly Net Income of $7.8 million – – Adjusted EBITDA1 of $26.4 million – – Ending Backlog and Awarded Orders of $634.7 million – – Provides First Quarter and Full Year 2025 Outlook – PORTLAND, Tenn., Feb. 25, 2025 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. ("Shoals" or the "Company") (NASDAQ:SHLS), a leading provider of electrical balance of system ("EBOS") solutions and components, including battery energy storage solutions ("BESS"), and Original Equipment Manufacturer ("OEM") components for the global energy transition market, today announced results for its fourth quarter ended De
PORTLAND, Tenn., June 16, 2025 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. ("Shoals"), a leading provider of electrical balance of system solutions for the global energy transition market, announced today that it has further strengthened its executive team with the addition of Bobbie L. King, Jr. as Chief Legal Officer and Corporate Secretary to drive its legal strategy and support sustainable growth. Mr. King brings over 15 years of legal and leadership experience in the clean infrastructure industry. He joins Shoals from HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI), where he served as Senior Vice President & Deputy Chief Legal Officer. Mr. King has also held senior le
PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, Four Technologies, and Build, today announced the appointment of Robert Julian and Daniela Mielke to its Board of Directors. "Robert and Daniela are recognized leaders in industries that are especially relevant to PROG Holdings. Robert's consumer retail and e-commerce financial expertise, as well as Daniela's leadership in digital payments, fintech and e-commerce, will make them both highly valuable additions to our Board," said Ray Robinson, Chairman of PROG Holdings. "We're pleased to welcome Robert and Daniela as our newest independent directors," said Steve Michaels, PROG Holdings' P
PORTLAND, Tenn., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. ("Shoals"), a global leader in electrical balance of system ("EBOS") solutions for the energy transition market, announced today that it has further strengthened its executive team with two new additions to drive operational excellence. Kirsten Moen, newly appointed Chief Operations Officer, is an accomplished operations and manufacturing executive with extensive experience in leading organizations such as Eaton and Stanley Black & Decker. Her established track record of driving lean manufacturing, optimizing manufacturing processes, and delivering measurable results will further position Shoals as a lea
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