Shoals Technologies price target lowered to $35 from $37.50 at Cowen

Cowen analyst Jeffrey Osbourne lowered the firm’s price target on Shoals Technologies to $35 from $37.50 and keeps an Outperform rating on the shares. The analyst expects solid results from Shoals to provide opportunity to pay down its revolver and potentially swap its floating debt for fixed following results which should be accretive.