Shoals Technologies Group (NASDAQ:SHLS) Coverage Initiated by Analysts at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Shoals Technologies Group (NASDAQ:SHLS) in a research note issued to investors on Monday morning, The Fly reports. The brokerage issued a neutral rating and a $30.00 price objective on the stock.

SHLS has been the subject of several other reports. Barclays initiated coverage on Shoals Technologies Group in a report on Monday. They set an overweight rating and a $49.00 target price for the company. Guggenheim initiated coverage on Shoals Technologies Group in a research report on Monday. They set a buy rating and a $48.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Shoals Technologies Group currently has an average rating of Buy and an average price target of $42.78.

Shares of Shoals Technologies Group stock opened at $39.71 on Monday. Shoals Technologies Group has a fifty-two week low of $30.04 and a fifty-two week high of $44.04.

Shoals Technologies Group Company Profile

Shoals Technologies Group, Inc provides electrical balance of system (EBOS) solutions for solar energy projects in the United States. It offers EBOS components, such as cable assemblies, inline fuses, combiners, disconnects, recombiners, wireless monitoring systems, junction boxes, transition enclosures, and splice boxes that carry the electric current produced by solar panels to an inverter and to the power grid.

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Analyst Recommendations for Shoals Technologies Group (NASDAQ:SHLS)

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