Shoals Technologies stock hits 52-week high at $7.04

Shoals Technologies Group Inc (SHLS) stock has reached a 52-week high, trading at $7.04. This milestone marks a significant achievement for the company, with an impressive 75.5% surge over the past six months alone. According to InvestingPro data, the company maintains strong financial health with a current ratio of 2.34, indicating solid liquidity. Over the last 12 months, Shoals Technologies has experienced a notable increase of 27.58% in its stock price. This upward trend is supported by strong fundamentals, with analysts projecting 16% revenue growth and eight analysts recently revising earnings estimates upward. As Shoals Technologies continues to expand its footprint in the renewable energy sector, this 52-week high serves as a testament to its strategic initiatives and market positioning. The company appears slightly undervalued according to InvestingPro’s Fair Value analysis, suggesting potential for further gains. Discover 15 additional exclusive insights about SHLS with an InvestingPro subscription.

In other recent news, Shoals Technologies Group has reported strong second-quarter results, leading to an upgrade from Roth/MKM to a Buy rating and an increased price target of $10.00. The company has also raised its 2025 revenue guidance, highlighting robust bookings and backlog growth despite challenges in the solar sector. Shoals Technologies has broken ground on the Maryvale Solar and Energy Storage Project in New South Wales, Australia, in collaboration with PCL Construction and Gentari, marking a significant development in the region’s clean energy infrastructure. The project will feature 243 MW of solar generation capacity and 172 MW of battery storage.

In leadership news, Shoals Technologies appointed Aaron Zadeh as the Country Manager for the Pacific region, overseeing operations in Australia, New Zealand, and the Pacific islands. Meanwhile, UBS and Jefferies have both lowered their price targets for Shoals Technologies to $7.00 and $6.00, respectively, while maintaining Buy ratings. These adjustments come after Shoals’ second-quarter earnings report, which aligned with analyst estimates and included a 7% increase in full-year 2025 revenue guidance at the midpoint. Despite the mixed analyst reactions, Shoals Technologies continues to demonstrate strong performance and growth potential in the renewable energy sector.

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