Wall Street Zen Upgrades Shoals Technologies Group, Inc. (SHLS)

Shoals Technologies Group, Inc. (NASDAQ:SHLS) is among the best US stocks under $10 to invest in. According to a research note, analysts at Wall Street Zen have upgraded Shoals Technologies Group, Inc. (NASDAQ:SHLS) to “Strong Buy” from “Hold.” This reflects increased investor confidence as the stock has been revised upwards by Roth Capital as well.

Many investors view Shoals Technologies Group, Inc. (NASDAQ:SHLS) as an interesting player in the market with a technology that is difficult to imitate and a backlog that is healthy. We can’t deny that clean and renewable energy is here to stay, and this paints the long-term picture quite optimistically.

Is Shoals Technologies Group Inc. (SHLS) the Best Solar Stock to Buy in 2025?

Close-up of a technician doing IV curve benchmarking device testing in a technology lab.

What’s quite appealing is the company’s recent strategic initiatives that aim to enhance market share by attracting new customers and regaining old ones. The promotional strategies employed are considered the cause of the company’s declining gross margins, but as soon as the goal is achieved, Shoals Technologies Group, Inc. (NASDAQ:SHLS) will return to its long-term target.

Shoals Technologies Group, Inc. (NASDAQ:SHLS), based in Tennessee, is a provider of EBOS solutions used in the solar and battery storage industries worldwide. Founded in 1996, the company is committed to improving system performance.

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.

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Disclosure: None.