Piper Sandler analyst Kashy Harrison lowered the firm’s price target on Shoals Technologies to $20 from $28 and keeps an Overweight rating on the shares. The Fed pivot represents a major macro theme for renewables in 2024 and is an improvement for the firm’s coverage. Piper sees the benefits accruing to the installers initially and inverters eventually with the rest of its space benefiting long-term. The other major macro theme for renewables surrounds the election, which possesses a negative risk/reward skew.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on SHLS:
- Shoals Technologies management to meet virtually with Roth MKM
- Shoals Technologies price target lowered by $4 at Morgan Stanley, here’s why
- Shoals Technologies initiated with a Buy at Mizuho
- Array Technologies initiated with a Neutral at Mizuho
- Shoals Technologies price target lowered to $30 from $40 at Roth MKM