Morgan Stanley lowered the firm’s price target on Shoals Technologies (SHLS) to $6 from $7 and keeps an Overweight rating on the shares. Utility-scale component suppliers First Solar (FSLR) and Shoals are both well positioned to “dominate the domestic utility-scale solar industry,” but the firm has trimmed its Shoals target after having marked its model to market with updated cost of capital assumptions, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHLS:
- U.S. puts tariffs up to 3,521% on Southeast Asia solar imports, Bloomberg says
- Exxon, Occidental projects at risk due to DOGE cuts, WSJ reports
- Point72 Asset Management reports 5.4% passive stake in Shoals Technologies
- Shoals Technologies, First Solar continue partnership
- Shoals Technologies Group: Hold Rating Amid Mixed Outlook and Competitive Pressures