RBC Sets $20 Target for Shoals Tech in EV Surge

RBC Capital Bullish on Shoals Technologies with a $20 Price Target

In a notable development that is catching the attention of Wall Street, RBC Capital has confidently initiated coverage on Shoals Technologies Group (NASDAQ:SHLS), spotlighting the company's influential stance in the burgeoning renewable energy sector. With a robust Outperform rating and an ambitious $20 price target, the investment firm underscores a promising horizon for Shoals Technologies, particularly in the electric balance of system (EBOS) solutions for the solar and electric vehicle (EV) charging markets.