Morgan Stanley Initiates Coverage on Shoals Technologies Group (NASDAQ:SHLS)


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Morgan Stanley initiated coverage on shares of Shoals Technologies Group (NASDAQ:SHLS) in a report published on Monday morning, The Fly reports. The brokerage issued an equal weight rating and a $41.00 price objective on the stock.

A number of other analysts also recently weighed in on the stock. Barclays began coverage on shares of Shoals Technologies Group in a research report on Monday. They set an overweight rating and a $49.00 price target for the company. Credit Suisse Group began coverage on Shoals Technologies Group in a research note on Monday. They issued a neutral rating and a $40.00 target price on the stock. Guggenheim began coverage on Shoals Technologies Group in a research note on Monday. They issued a buy rating and a $48.00 target price on the stock. Cowen began coverage on shares of Shoals Technologies Group in a research note on Monday. They set an outperform rating and a $39.00 price objective on the stock. Finally, The Goldman Sachs Group began coverage on shares of Shoals Technologies Group in a research note on Monday. They set a neutral rating and a $30.00 price objective on the stock. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $42.78.

NASDAQ:SHLS opened at $39.71 on Monday. Shoals Technologies Group has a 12-month low of $30.04 and a 12-month high of $44.04.

About Shoals Technologies Group

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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