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Shoals Technologies Group Inc’s stock reached a new 52-week high, hitting 7.66 USD, marking a significant milestone for the energy solutions provider. According to InvestingPro data, the company’s impressive 120.76% surge over the past six months reflects strong market momentum, with analysts maintaining a bullish outlook and eight analysts recently revising earnings estimates upward. Over the past year, the stock has experienced a notable increase, with a 1-year change of 23.16%. This upward trajectory reflects investor confidence in Shoals Technologies’ growth prospects and market position within the renewable energy sector. The achievement of this 52-week high underscores the company’s resilience and strategic initiatives in a competitive industry landscape. With a healthy current ratio of 2.34 and moderate debt levels, InvestingPro analysis suggests the stock may still have room to grow, with 13 additional exclusive ProTips available to subscribers through the comprehensive Pro Research Report.
In other recent news, Shoals Technologies Group announced significant developments in its business operations. The company reported strong second-quarter results, which led Roth/MKM to upgrade its stock from Neutral to Buy and raise the price target to $10.00, highlighting robust bookings and backlog growth. Additionally, UBS adjusted its price target for Shoals Technologies to $7.00, following the company’s alignment with analyst estimates for adjusted EBITDA and an increased full-year 2025 revenue guidance by 7% at the midpoint. Jefferies also raised its price target for the company to $9.00, citing confidence in strong top-line growth through 2027.
In a strategic move, Shoals Technologies appointed Aaron Zadeh as the Country Manager for the Pacific region, overseeing operations in Australia, New Zealand, and the Pacific islands. The company also broke ground on the Maryvale Solar and Energy Storage Project in New South Wales, Australia, in collaboration with PCL Construction and Gentari. This project is set to deliver approximately 243 MW of solar generation capacity paired with 172 MW of battery storage, marking it as one of the largest DC-coupled solar and battery systems in Australia. These developments indicate Shoals Technologies’ ongoing efforts to expand its presence and capabilities in the renewable energy sector.
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