Barclays analyst Christine Cho lowered the firm’s price target on Shoals Technologies to $7 from $10 and keeps an Equal Weight rating on the shares. The company’s fiscal year guidance lowered for second time in two quarters, the analyst tells investors in a research note. The firm says the challenging environment is likely to persist into 2025.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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:
- Shoals Technologies price target lowered to $12 from $14 at Oppenheimer
- Shoals Technologies price target lowered to $8 from $11 at Piper Sandler
- Shoals Technologies downgraded to Neutral from Outperform at Exane BNP Paribas
- Shoals Technologies sees fiscal 2024 revenue $370M-$400M, consensus $464.65M
- Shoals Technologies sees Q3 revenue $95M-$105M, consensus $137.51M