SHLS - Piper Sandler Turns Bullish On Shoals Technologies: Forecasts Less Risk To Industry Growth During 2024 | Benzinga
Piper Sandler analyst Kashy Harrison upgraded Shoals Technologies Group Inc (NASDAQ: SHLS) to Overweight from Neutral with a price target of $28.
The analyst expects SHLS to witness strong demand for their products and services and sees less risk to industry growth during 2024 due to longer project cycle times.
The analyst assumes a revenue CAGR of 9%-13% for SHLS, reflecting a strong core domestic solar wiring solution business.
Assuming the systems revenue mix to be higher in ...