2021-02-22 08:01:48 SHLS Shoals Technologies
02/22/21 02/2208:01 02/22/2108:01 | Shoals Technologies initiated with an Equal Weight at Morgan StanleyMorgan Stanley analyst Stephen Byrd initiated coverage of Shoals Technologies with an Equal Weight rating and $41 price target. The company provides electrical components for large-scale solar projects in an overlooked area of the solar supply chain, and its "first-of-its-kind flagship product" offers strong margins and fast share gains, said Byrd. However, with the stock trading in-line with premium names, he would wait for a pullback to get more constructive, the analyst added. |
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