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Stock Comparison

ASTI vs SHLS

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
ASTI
Ascent Solar Technologies, Inc. Common Stock

Solar

EnergyNASDAQ • US
Market Cap$18M
5Y Perf.-100.0%
SHLS
Shoals Technologies Group, Inc.

Solar

EnergyNASDAQ • US
Market Cap$1.32B
5Y Perf.-76.9%

ASTI vs SHLS — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
ASTI logoASTI
SHLS logoSHLS
IndustrySolarSolar
Market Cap$18M$1.32B
Revenue (TTM)$0.00$536M
Net Income (TTM)$-8M$34M
Gross Margin33.5%
Operating Margin11.2%
Forward P/E19.4x
Total Debt$1M$175M
Cash & Equiv.$3M$7M

ASTI vs SHLSLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

ASTI
SHLS
StockJan 21May 26Return
Ascent Solar Techno… (ASTI)1000.0-100.0%
Shoals Technologies… (SHLS)10023.1-76.9%

Price return only. Dividends and distributions are not included.

Quick Verdict: ASTI vs SHLS

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: SHLS leads in 3 of 5 categories, making it the strongest pick for growth and revenue expansion and capital preservation and lower volatility. Ascent Solar Technologies, Inc. Common Stock is the stronger pick specifically for recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
ASTI
Ascent Solar Technologies, Inc. Common Stock
The Momentum Pick

ASTI is the clearest fit if your priority is momentum.

  • +109.7% vs SHLS's +66.5%
Best for: momentum
SHLS
Shoals Technologies Group, Inc.
The Income Pick

SHLS carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.

  • Dividend streak 3 yrs, beta 2.08
  • Rev growth 19.1%, EPS growth 42.9%, 3Y rev CAGR 13.3%
  • -74.7% 10Y total return vs ASTI's -100.0%
Best for: income & stability and growth exposure
See the full category breakdown
CategoryWinnerWhy
GrowthSHLS logoSHLS19.1% revenue growth vs ASTI's -100.0%
Stability / SafetySHLS logoSHLSBeta 2.08 vs ASTI's 4.28, lower leverage
DividendsTieNeither stock pays a meaningful dividend
Momentum (1Y)ASTI logoASTI+109.7% vs SHLS's +66.5%
Efficiency (ROA)SHLS logoSHLS3.7% ROA vs ASTI's -125.0%, ROIC 5.9% vs -275.5%

ASTI vs SHLS — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

ASTIAscent Solar Technologies, Inc. Common Stock
FY 2024
Product
100.0%$41,893
SHLSShoals Technologies Group, Inc.
FY 2025
System Solutions
78.7%$374M
Components
21.3%$101M

ASTI vs SHLS — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLSHLSLAGGINGASTI

Income & Cash Flow (Last 12 Months)

Insufficient data to determine a leader in this category.

SHLS and ASTI operate at a comparable scale, with $536M and $0 in trailing revenue.

MetricASTI logoASTIAscent Solar Tech…SHLS logoSHLSShoals Technologi…
RevenueTrailing 12 months$0$536M
EBITDAEarnings before interest/tax-$8M$73M
Net IncomeAfter-tax profit-$8M$34M
Free Cash FlowCash after capex-$7M-$77M
Gross MarginGross profit ÷ Revenue+33.5%
Operating MarginEBIT ÷ Revenue+11.2%
Net MarginNet income ÷ Revenue+6.3%
FCF MarginFCF ÷ Revenue-14.5%
Rev. Growth (YoY)Latest quarter vs prior year+74.9%
EPS Growth (YoY)Latest quarter vs prior year+83.3%
Insufficient data to determine a leader in this category.

Valuation Metrics

Evenly matched — ASTI and SHLS each lead in 1 of 2 comparable metrics.
MetricASTI logoASTIAscent Solar Tech…SHLS logoSHLSShoals Technologi…
Market CapShares × price$18M$1.3B
Enterprise ValueMkt cap + debt − cash$17M$1.5B
Trailing P/EPrice ÷ TTM EPS-1.26x39.20x
Forward P/EPrice ÷ next-FY EPS est.19.40x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple22.83x
Price / SalesMarket cap ÷ Revenue2.77x
Price / BookPrice ÷ Book value/share2.97x2.20x
Price / FCFMarket cap ÷ FCF
Evenly matched — ASTI and SHLS each lead in 1 of 2 comparable metrics.

Profitability & Efficiency

SHLS leads this category, winning 6 of 8 comparable metrics.

SHLS delivers a 5.7% return on equity — every $100 of shareholder capital generates $6 in annual profit, vs $-3 for ASTI. SHLS carries lower financial leverage with a 0.29x debt-to-equity ratio, signaling a more conservative balance sheet compared to ASTI's 0.44x. On the Piotroski fundamental quality scale (0–9), SHLS scores 5/9 vs ASTI's 3/9, reflecting solid financial health.

MetricASTI logoASTIAscent Solar Tech…SHLS logoSHLSShoals Technologi…
ROE (TTM)Return on equity-2.6%+5.7%
ROA (TTM)Return on assets-125.0%+3.7%
ROICReturn on invested capital-2.8%+5.9%
ROCEReturn on capital employed-175.1%+7.6%
Piotroski ScoreFundamental quality 0–935
Debt / EquityFinancial leverage0.44x0.29x
Net DebtTotal debt minus cash-$1M$168M
Cash & Equiv.Liquid assets$3M$7M
Total DebtShort + long-term debt$1M$175M
Interest CoverageEBIT ÷ Interest expense5.91x
SHLS leads this category, winning 6 of 8 comparable metrics.

Total Returns (Dividends Reinvested)

SHLS leads this category, winning 4 of 6 comparable metrics.

A $10,000 investment in SHLS five years ago would be worth $2,724 today (with dividends reinvested), compared to $0 for ASTI. Over the past 12 months, ASTI leads with a +109.7% total return vs SHLS's +66.5%. The 3-year compound annual growth rate (CAGR) favors SHLS at -26.5% vs ASTI's -90.7% — a key indicator of consistent wealth creation.

MetricASTI logoASTIAscent Solar Tech…SHLS logoSHLSShoals Technologi…
YTD ReturnYear-to-date-4.4%-13.8%
1-Year ReturnPast 12 months+109.7%+66.5%
3-Year ReturnCumulative with dividends-99.9%-60.2%
5-Year ReturnCumulative with dividends-100.0%-72.8%
10-Year ReturnCumulative with dividends-100.0%-74.7%
CAGR (3Y)Annualised 3-year return-90.7%-26.5%
SHLS leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

SHLS leads this category, winning 2 of 2 comparable metrics.

SHLS is the less volatile stock with a 2.08 beta — it tends to amplify market swings less than ASTI's 4.28 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. SHLS currently trades 69.0% from its 52-week high vs ASTI's 39.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricASTI logoASTIAscent Solar Tech…SHLS logoSHLSShoals Technologi…
Beta (5Y)Sensitivity to S&P 5004.28x2.08x
52-Week HighHighest price in past year$9.87$11.36
52-Week LowLowest price in past year$1.10$3.81
% of 52W HighCurrent price vs 52-week peak+39.3%+69.0%
RSI (14)Momentum oscillator 0–10047.363.2
Avg Volume (50D)Average daily shares traded1.2M5.1M
SHLS leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

SHLS leads this category, winning 1 of 1 comparable metric.
MetricASTI logoASTIAscent Solar Tech…SHLS logoSHLSShoals Technologi…
Analyst RatingConsensus buy/hold/sellBuy
Price TargetConsensus 12-month target$9.83
# AnalystsCovering analysts23
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises13
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%+0.0%
SHLS leads this category, winning 1 of 1 comparable metric.
Key Takeaway

SHLS leads in 4 of 6 categories — strongest in Profitability & Efficiency and Total Returns. 1 category is tied.

Best OverallShoals Technologies Group, … (SHLS)Leads 4 of 6 categories
Loading custom metrics...

ASTI vs SHLS: Frequently Asked Questions

8 questions · data-driven answers · updated daily

01

Is ASTI or SHLS a better buy right now?

For growth investors, Shoals Technologies Group, Inc.

(SHLS) is the stronger pick with 19. 1% revenue growth year-over-year, versus -100. 0% for Ascent Solar Technologies, Inc. Common Stock (ASTI). Shoals Technologies Group, Inc. (SHLS) offers the better valuation at 39. 2x trailing P/E (19. 4x forward), making it the more compelling value choice. Analysts rate Shoals Technologies Group, Inc. (SHLS) a "Buy" — based on 23 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which is the better long-term investment — ASTI or SHLS?

Over the past 5 years, Shoals Technologies Group, Inc.

(SHLS) delivered a total return of -72. 8%, compared to -100. 0% for Ascent Solar Technologies, Inc. Common Stock (ASTI). Over 10 years, the gap is even starker: SHLS returned -74. 7% versus ASTI's -100. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

03

Which is safer — ASTI or SHLS?

By beta (market sensitivity over 5 years), Shoals Technologies Group, Inc.

(SHLS) is the lower-risk stock at 2. 08β versus Ascent Solar Technologies, Inc. Common Stock's 4. 28β — meaning ASTI is approximately 105% more volatile than SHLS relative to the S&P 500. On balance sheet safety, Shoals Technologies Group, Inc. (SHLS) carries a lower debt/equity ratio of 29% versus 44% for Ascent Solar Technologies, Inc. Common Stock — giving it more financial flexibility in a downturn.

04

Which is growing faster — ASTI or SHLS?

By revenue growth (latest reported year), Shoals Technologies Group, Inc.

(SHLS) is pulling ahead at 19. 1% versus -100. 0% for Ascent Solar Technologies, Inc. Common Stock (ASTI). On earnings-per-share growth, the picture is similar: Ascent Solar Technologies, Inc. Common Stock grew EPS 70. 2% year-over-year, compared to 42. 9% for Shoals Technologies Group, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

05

Which has better profit margins — ASTI or SHLS?

Shoals Technologies Group, Inc.

(SHLS) is the more profitable company, earning 7. 1% net margin versus 0. 0% for Ascent Solar Technologies, Inc. Common Stock — meaning it keeps 7. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: SHLS leads at 11. 9% versus 0. 0% for ASTI. At the gross margin level — before operating expenses — SHLS leads at 35. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

06

Which pays a better dividend — ASTI or SHLS?

None of the stocks in this comparison currently pay a material dividend.

All are effectively zero-yield and should be held for capital appreciation rather than income.

07

Is ASTI or SHLS better for a retirement portfolio?

For long-horizon retirement investors, Shoals Technologies Group, Inc.

(SHLS) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding. Ascent Solar Technologies, Inc. Common Stock (ASTI) carries a higher beta of 4. 28 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (SHLS: -74. 7%, ASTI: -100. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

08

What are the main differences between ASTI and SHLS?

Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: ASTI is a small-cap quality compounder stock; SHLS is a small-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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ASTI

Quality Business

  • Sector: Energy
  • Market Cap > $100B
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SHLS

High-Growth Disruptor

  • Sector: Energy
  • Market Cap > $100B
  • Revenue Growth > 37%
  • Net Margin > 5%
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