Shoals Technologies (SHLS) Soars 5.81% on Strong Orders, Analyst Optimism

Shoals Technologies (SHLS) surged 5.81% intraday, marking its highest level since January 2025, with a 5.60% gain for the day and a 35.37% increase over the past four days.

The strategy of buying SHLS shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 5-year CAGR of 4.57%. While the strategy captured some upside, it also experienced volatility, highlighting the importance of proper risk management and market analysis.

Analysts have shown optimism towards Shoals Technologies, with Osha raising its price target from $5.00 to $6.00, a 20% increase. UBS also set a mean price target of $6.34, reflecting positive sentiment among analysts.

Shoals Technologies reported mixed financial results, with declining revenues but strong new orders and strategic growth initiatives. Analysts are forecasting revenues of $434.8 million in 2025, a 12% improvement from the previous year.

SHLS shares crossed above their 200-day moving average of $4.79, indicating potential positive momentum for the stock. This technical indicator suggests that the stock may continue to rise in the near future.

In the first quarter of 2025, Shoals Technologies exceeded expected revenue with $80.4 million and secured new orders worth $91 million. However, the company missed earnings per share estimates slightly, reporting $0.02 against an expected $0.03.