5 Best Undervalued Energy Stocks To Buy According to Analysts

4. Shoals Technologies Group, Inc. (NASDAQ:SHLS)

Average analyst price target as of Oct 23: $28.08

Average analyst price target upside: 80.23%

One of the best undervalued energy stocks, Shoals Technologies Group, Inc. (NASDAQ:SHLS) is a Portland-based energy equipment company that manufactures and distributes the electrical balance of system solutions and parts for solar, battery storage, and EV charging systems.

On October 11, Goldman Sachs analyst Brian Lee upgraded Shoals Technologies Group, Inc. (NASDAQ:SHLS)’s stock to Buy from Neutral and with a price target of $28. The firm believes that the company has an attractive valuation and a healthy gross margin upside potential.

Out of the 24 hedge funds that owned Shoals Technologies Group, Inc. (NASDAQ:SHLS)’s stock in Q2, Todd J. Kantor’s Encompass Capital Advisors held the largest stake in the company with over 4.1 million shares worth more than $$104.9 million.

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