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.

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 as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None.