6 Cheap Solar Stocks to Buy Now

Page 5 of 5

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

On February 26, Vikram Bagri, an analyst at Citi, cut the price target on Shoals Technologies Group, Inc. (NASDAQ:SHLS) to $8.50 from $11, while maintaining a Neutral rating. As reported by TheFly, the firm appears positive on the shares following Q4 earnings but flags a limited pipeline of catalysts in the times ahead.

Jefferies also lowered its 2026 EBITDA forecast by 20%, as it noted that the market assumed the margin versus volume issue was addressed. That said, the firm cut its price target on Shoals Technologies Group, Inc. (NASDAQ:SHLS) to $10 from $12 and reaffirmed a Buy rating on February 25. The price trim is driven by a structural decline in gross margin, as reflected in the company’s results.

On the same day, UBS lowered the price target on Shoals Technologies Group, Inc. (NASDAQ:SHLS) to $11 from $12, due to gross margin headwinds stemming from intensifying competition, product mix adjustments, and rising input costs. The firm’s bullish stance, as reflected in its Buy rating, is driven by the potential for significant upside as demand for storage from data center customers escalates.

Shoals Technologies Group, Inc. (NASDAQ:SHLS), based in Tennessee, is a provider of electrical balance of system solutions used in the solar and battery storage industries worldwide.

While we acknowledge the potential of SHLS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SHLS and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading Into 2026 and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 5 of 5