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BSLK vs SPRU vs SHLS vs CWEN vs ARRY
Revenue, margins, valuation, and 5-year total return — side by side.
Solar
Solar
Renewable Utilities
Solar
BSLK vs SPRU vs SHLS vs CWEN vs ARRY — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Shell Companies | Solar | Solar | Renewable Utilities | Solar |
| Market Cap | $59K | $63M | $1.32B | $7.84B | $1.25B |
| Revenue (TTM) | $1M | $108M | $536M | $1.43B | $1.21B |
| Net Income (TTM) | $-24M | $-25M | $34M | $169M | $-67M |
| Gross Margin | -6.8% | 61.3% | 33.5% | 50.3% | 22.4% |
| Operating Margin | -30.3% | 8.5% | 11.2% | 12.0% | 4.5% |
| Forward P/E | — | — | 19.4x | 26.9x | 11.7x |
| Total Debt | $13M | $711M | $175M | $10.20B | $766M |
| Cash & Equiv. | $4M | $73M | $7M | $818M | $244M |
BSLK vs SPRU vs SHLS vs CWEN vs ARRY — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Jul 24 | May 26 | Return |
|---|---|---|---|
| Bolt Projects Holdi… (BSLK) | 100 | 0.0 | -100.0% |
| Spruce Power Holdin… (SPRU) | 100 | 101.8 | +1.8% |
| Shoals Technologies… (SHLS) | 100 | 120.6 | +20.6% |
| Clearway Energy, In… (CWEN) | 100 | 143.0 | +43.0% |
| Array Technologies,… (ARRY) | 100 | 77.9 | -22.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BSLK vs SPRU vs SHLS vs CWEN vs ARRY
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Among these 5 stocks, BSLK doesn't own a clear edge in any measured category.
SPRU has the current edge in this matchup, primarily because of its strength in sleep-well-at-night and defensive.
- Lower volatility, beta 0.33, current ratio 2.29x
- Beta 0.33, current ratio 2.29x
- Beta 0.33 vs ARRY's 2.32
- +97.7% vs BSLK's -98.9%
SHLS is the clearest fit if your priority is income & stability.
- Dividend streak 3 yrs, beta 2.08
- 3.7% ROA vs BSLK's -218.1%
CWEN is the #2 pick in this set and the best alternative if long-term compounding is your priority.
- 237.4% 10Y total return vs SHLS's -74.7%
- 11.8% margin vs BSLK's -47.6%
- 7.9% yield; 2-year raise streak; the other 4 pay no meaningful dividend
ARRY ranks third and is worth considering specifically for growth exposure.
- Rev growth 40.2%, EPS growth 62.6%, 3Y rev CAGR -7.8%
- 40.2% revenue growth vs BSLK's -60.1%
- Lower P/E (11.7x vs 26.9x)
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 40.2% revenue growth vs BSLK's -60.1% | |
| Value | Lower P/E (11.7x vs 26.9x) | |
| Quality / Margins | 11.8% margin vs BSLK's -47.6% | |
| Stability / Safety | Beta 0.33 vs ARRY's 2.32 | |
| Dividends | 7.9% yield; 2-year raise streak; the other 4 pay no meaningful dividend | |
| Momentum (1Y) | +97.7% vs BSLK's -98.9% | |
| Efficiency (ROA) | 3.7% ROA vs BSLK's -218.1% |
BSLK vs SPRU vs SHLS vs CWEN vs ARRY — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Segment breakdown not available.
BSLK vs SPRU vs SHLS vs CWEN vs ARRY — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
CWEN leads in 2 of 6 categories
SHLS leads 2 • ARRY leads 1 • BSLK leads 0 • SPRU leads 0 • 1 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
CWEN leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CWEN is the larger business by revenue, generating $1.4B annually — 1040.8x BSLK's $1M. CWEN is the more profitable business, keeping 11.8% of every revenue dollar as net income compared to BSLK's -47.6%. On growth, SHLS holds the edge at +74.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $1M | $108M | $536M | $1.4B | $1.2B |
| EBITDAEarnings before interest/tax | -$20M | $36M | $73M | $1.0B | $95M |
| Net IncomeAfter-tax profit | -$24M | -$25M | $34M | $169M | -$67M |
| Free Cash FlowCash after capex | -$5M | -$25M | -$77M | $268M | $58M |
| Gross MarginGross profit ÷ Revenue | -6.8% | +61.3% | +33.5% | +50.3% | +22.4% |
| Operating MarginEBIT ÷ Revenue | -30.3% | +8.5% | +11.2% | +12.0% | +4.5% |
| Net MarginNet income ÷ Revenue | -47.6% | -23.2% | +6.3% | +11.8% | -5.6% |
| FCF MarginFCF ÷ Revenue | -11.8% | -23.4% | -14.5% | +18.8% | +4.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | +43.7% | +74.9% | +21.1% | -26.1% |
| EPS Growth (YoY)Latest quarter vs prior year | -142.1% | +98.3% | — | -35.3% | -7.0% |
Valuation Metrics
ARRY leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 26.9x trailing earnings, CWEN trades at a 31% valuation discount to SHLS's 39.2x P/E. On an enterprise value basis, ARRY's 13.5x EV/EBITDA is more attractive than SHLS's 22.8x.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $59,200 | $63M | $1.3B | $7.8B | $1.3B |
| Enterprise ValueMkt cap + debt − cash | $10M | $701M | $1.5B | $17.2B | $1.8B |
| Trailing P/EPrice ÷ TTM EPS | -0.00x | -0.91x | 39.20x | 26.86x | -11.23x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — | 19.40x | — | 11.75x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | 0.59x | — |
| EV / EBITDAEnterprise value multiple | — | — | 22.83x | 16.23x | 13.50x |
| Price / SalesMarket cap ÷ Revenue | 0.04x | 0.77x | 2.77x | 5.48x | 0.98x |
| Price / BookPrice ÷ Book value/share | — | 0.44x | 2.20x | 0.77x | 4.80x |
| Price / FCFMarket cap ÷ FCF | — | — | — | 21.24x | 15.72x |
Profitability & Efficiency
SHLS leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
SHLS delivers a 5.7% return on equity — every $100 of shareholder capital generates $6 in annual profit, vs $-21 for ARRY. SHLS carries lower financial leverage with a 0.29x debt-to-equity ratio, signaling a more conservative balance sheet compared to SPRU's 4.87x. On the Piotroski fundamental quality scale (0–9), SHLS scores 5/9 vs SPRU's 2/9, reflecting solid financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | — | -19.7% | +5.7% | +3.0% | -20.6% |
| ROA (TTM)Return on assets | -2.2% | -2.9% | +3.7% | +1.1% | -4.4% |
| ROICReturn on invested capital | — | -5.1% | +5.9% | +0.9% | +9.0% |
| ROCEReturn on capital employed | -35.0% | -6.1% | +7.6% | +1.2% | +8.2% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 2 | 5 | 4 | 5 |
| Debt / EquityFinancial leverage | — | 4.87x | 0.29x | 1.72x | 2.94x |
| Net DebtTotal debt minus cash | $10M | $638M | $168M | $9.4B | $522M |
| Cash & Equiv.Liquid assets | $4M | $73M | $7M | $818M | $244M |
| Total DebtShort + long-term debt | $13M | $711M | $175M | $10.2B | $766M |
| Interest CoverageEBIT ÷ Interest expense | -14.88x | 0.52x | 5.91x | 0.55x | -2.42x |
Total Returns (Dividends Reinvested)
CWEN leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CWEN five years ago would be worth $17,246 today (with dividends reinvested), compared to $3 for BSLK. Over the past 12 months, SPRU leads with a +97.7% total return vs BSLK's -98.9%. The 3-year compound annual growth rate (CAGR) favors CWEN at 12.8% vs BSLK's -93.0% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | -87.1% | -34.3% | -13.8% | +13.7% | -15.3% |
| 1-Year ReturnPast 12 months | -98.9% | +97.7% | +66.5% | +39.6% | +62.7% |
| 3-Year ReturnCumulative with dividends | -100.0% | -35.7% | -60.2% | +43.5% | -56.1% |
| 5-Year ReturnCumulative with dividends | -100.0% | -93.0% | -72.8% | +72.5% | -67.7% |
| 10-Year ReturnCumulative with dividends | -100.0% | -95.6% | -74.7% | +237.4% | -77.5% |
| CAGR (3Y)Annualised 3-year return | -93.0% | -13.7% | -26.5% | +12.8% | -24.0% |
Risk & Volatility
Evenly matched — SPRU and CWEN each lead in 1 of 2 comparable metrics.
Risk & Volatility
SPRU is the less volatile stock with a 0.33 beta — it tends to amplify market swings less than ARRY's 2.32 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CWEN currently trades 91.8% from its 52-week high vs BSLK's 0.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 2.18x | 0.33x | 2.08x | 0.54x | 2.32x |
| 52-Week HighHighest price in past year | $17.55 | $6.75 | $11.36 | $41.54 | $12.23 |
| 52-Week LowLowest price in past year | $0.05 | $1.13 | $3.81 | $27.67 | $4.92 |
| % of 52W HighCurrent price vs 52-week peak | +0.4% | +51.6% | +69.0% | +91.8% | +67.0% |
| RSI (14)Momentum oscillator 0–100 | 41.9 | 41.9 | 63.2 | 45.9 | 56.4 |
| Avg Volume (50D)Average daily shares traded | 16K | 44K | 5.1M | 828K | 6.0M |
Analyst Outlook
SHLS leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Analyst consensus: SHLS as "Buy", CWEN as "Buy", ARRY as "Buy". Consensus price targets imply 25.4% upside for SHLS (target: $10) vs 11.8% for ARRY (target: $9). CWEN is the only dividend payer here at 7.89% yield — a key consideration for income-focused portfolios.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | — | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | — | — | $9.83 | $43.67 | $9.17 |
| # AnalystsCovering analysts | — | — | 23 | 16 | 28 |
| Dividend YieldAnnual dividend ÷ price | — | — | — | +7.9% | — |
| Dividend StreakConsecutive years of raises | — | 1 | 3 | 2 | 1 |
| Dividend / ShareAnnual DPS | — | — | — | $3.01 | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +1.3% | +0.0% | 0.0% | 0.0% |
CWEN leads in 2 of 6 categories (Income & Cash Flow, Total Returns). SHLS leads in 2 (Profitability & Efficiency, Analyst Outlook). 1 tied.
BSLK vs SPRU vs SHLS vs CWEN vs ARRY: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is BSLK or SPRU or SHLS or CWEN or ARRY a better buy right now?
For growth investors, Array Technologies, Inc.
(ARRY) is the stronger pick with 40. 2% revenue growth year-over-year, versus -60. 1% for Bolt Projects Holdings, Inc. (BSLK). Clearway Energy, Inc. (CWEN) offers the better valuation at 26. 9x trailing P/E, 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.
02Which has the better valuation — BSLK or SPRU or SHLS or CWEN or ARRY?
On trailing P/E, Clearway Energy, Inc.
(CWEN) is the cheapest at 26. 9x versus Shoals Technologies Group, Inc. at 39. 2x. On forward P/E, Array Technologies, Inc. is actually cheaper at 11. 7x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — BSLK or SPRU or SHLS or CWEN or ARRY?
Over the past 5 years, Clearway Energy, Inc.
(CWEN) delivered a total return of +72. 5%, compared to -100. 0% for Bolt Projects Holdings, Inc. (BSLK). Over 10 years, the gap is even starker: CWEN returned +237. 4% versus BSLK'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.
04Which is safer — BSLK or SPRU or SHLS or CWEN or ARRY?
By beta (market sensitivity over 5 years), Spruce Power Holding Corporation (SPRU) is the lower-risk stock at 0.
33β versus Array Technologies, Inc. 's 2. 32β — meaning ARRY is approximately 607% more volatile than SPRU relative to the S&P 500. On balance sheet safety, Shoals Technologies Group, Inc. (SHLS) carries a lower debt/equity ratio of 29% versus 5% for Spruce Power Holding Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — BSLK or SPRU or SHLS or CWEN or ARRY?
By revenue growth (latest reported year), Array Technologies, Inc.
(ARRY) is pulling ahead at 40. 2% versus -60. 1% for Bolt Projects Holdings, Inc. (BSLK). On earnings-per-share growth, the picture is similar: Clearway Energy, Inc. grew EPS 89. 3% year-over-year, compared to -6. 7% for Spruce Power Holding Corporation. Over a 3-year CAGR, SPRU leads at 73. 9% annualised revenue growth. 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.
06Which has better profit margins — BSLK or SPRU or SHLS or CWEN or ARRY?
Clearway Energy, Inc.
(CWEN) is the more profitable company, earning 11. 8% net margin versus -47. 6% for Bolt Projects Holdings, Inc. — meaning it keeps 11. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CWEN leads at 12. 3% versus -30. 3% for BSLK. At the gross margin level — before operating expenses — SPRU leads at 51. 3%, 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.
07Is BSLK or SPRU or SHLS or CWEN or ARRY more undervalued right now?
On forward earnings alone, Array Technologies, Inc.
(ARRY) trades at 11. 7x forward P/E versus 19. 4x for Shoals Technologies Group, Inc. — 7. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for SHLS: 25. 4% to $9. 83.
08Which pays a better dividend — BSLK or SPRU or SHLS or CWEN or ARRY?
In this comparison, CWEN (7.
9% yield) pays a dividend. BSLK, SPRU, SHLS, ARRY do not pay a meaningful dividend and should not be held primarily for income.
09Is BSLK or SPRU or SHLS or CWEN or ARRY better for a retirement portfolio?
For long-horizon retirement investors, Clearway Energy, Inc.
(CWEN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 54), 7. 9% yield, +237. 4% 10Y return). Bolt Projects Holdings, Inc. (BSLK) carries a higher beta of 2. 18 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (CWEN: +237. 4%, BSLK: -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.
10What are the main differences between BSLK and SPRU and SHLS and CWEN and ARRY?
These companies operate in different sectors (BSLK (Financial Services) and SPRU (Energy) and SHLS (Energy) and CWEN (Utilities) and ARRY (Energy)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: BSLK is a small-cap quality compounder stock; SPRU is a small-cap quality compounder stock; SHLS is a small-cap high-growth stock; CWEN is a small-cap income-oriented stock; ARRY is a small-cap high-growth stock. CWEN pays a dividend while BSLK, SPRU, SHLS, ARRY do not, making them suitable for different income and tax situations. 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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