JPMorgan analyst Mark Strouse raised the firm’s price target on Shoals Technologies to $36 from $35 and keeps an Overweight rating on the shares after hosting meetings with management. The company’s tone remains optimistic as the antidumping and countervailing duties preliminary decision is viewed as immaterial and order activity remains solid despite some broader industry concerns regarding the Uyghur Forced Labor Prevention Act, Strouse tells investors in a research note. He updated his model to reflect accretion from the announced termination of the Tax Receivable Agreement.
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