Shoals Technologies price target raised to $5 from $4 at Roth Capital

Roth Capital analyst Philip Shen raised the firm’s price target on Shoals Technologies (SHLS) to $5 from $4 and keeps a Neutral rating on the shares after the company delivered a Q1 beat, “healthy” Q2 guidance and reiterated its 2025 outlook. Customers are not indicating projects slowing in 2025 and new products are a source of strength, says the analyst, who adds that “current levels appear attractive, but we remain cautious.”