Jefferies analyst Julien Dumoulin-Smith upgraded Shoals Technologies (SHLS) to Buy from Hold with a price target of $7.20, up from $4.90. The firm says the Foreign Entity of Concern restrictions in place in the One Big Beautiful Bill support Shoals’ competitiveness verses Voltage. Any potential safe harbor could result in accelerated revenue for the company in 2027 and 2028, the analyst tells investors in a research note.
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