BofA raised the firm’s price target on Shoals Technologies (SHLS) to $8 from $6 and keeps a Buy rating on the shares. The firm is updating its price targets on U.S. Cleantech stocks under its coverage as utility solar demand continues to hold up despite “policy noise,” the analyst tells investors. Overall, development momentum remains intact, and interconnection and transmission remain manageable, the firm states. BofA believes Shoals offers more risk than Nextracker (NXT) but the most upside.
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