Shoals Technologies Group price target lowered to $11 by Guggenheim

Analysts cite concerns about the company's financial performance in recent research note.

Published on Feb. 26, 2026

Got story updates? Submit your updates here. ›

Shoals Technologies Group (NASDAQ:SHLS), a leading provider of electrical balance-of-system solutions for the solar energy industry, has had its price target lowered from $12 to $11 by Guggenheim in a research note published on Wednesday. Guggenheim maintained a 'buy' rating on the stock, citing ongoing challenges facing the company.

Why it matters

Shoals Technologies Group is a key player in the solar energy industry, providing critical components for solar installations. The lowered price target from a major research firm signals potential concerns about the company's financial outlook and performance, which could impact investor sentiment and the broader solar energy market.

The details

In the research note, Guggenheim analysts noted that other firms have also recently adjusted their price targets and ratings for Shoals Technologies Group. UBS Group increased its price target from $9 to $12 and maintained a 'buy' rating, while Zacks Research lowered its rating from 'strong-buy' to 'hold'. Morgan Stanley also reduced its price target from $11 to $9.50 and maintained an 'equal weight' rating.

  • Guggenheim published the research note on Wednesday, February 26, 2026.

The players

Shoals Technologies Group

A leading provider of electrical balance-of-system solutions for the solar energy industry, headquartered in Portland, Tennessee.

Guggenheim

A major investment research firm that covers Shoals Technologies Group and has lowered the company's price target.

UBS Group

Another investment research firm that has recently adjusted its price target and rating for Shoals Technologies Group.

Zacks Research

An investment research firm that has lowered its rating on Shoals Technologies Group from 'strong-buy' to 'hold'.

Morgan Stanley

An investment research firm that has reduced its price target for Shoals Technologies Group.

Got photos? Submit your photos here. ›

What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee (Instagram)

The takeaway

This news highlights the ongoing challenges and volatility facing the solar energy industry, as key players like Shoals Technologies Group navigate shifting market conditions and investor sentiment. The lowered price target from Guggenheim suggests the need for the company to closely monitor its financial performance and adapt its strategies accordingly.