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SHLSShoals Technologies Group, Inc.
$8.15$1.4B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
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Discovery & Screens
Live BreakoutsStock ScreenerOwnership
SHLS logo

Shoals Technologies Group, Inc.

SHLS
NASDAQ · Solar
$8.15
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$1.37B
P/E40.8x
52W High$13.18
Volume4.72M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Revenue Surge Masks Margin Compression and Cash Drain

Shoals Technologies is experiencing a strong demand inflection, with revenue surging 47.4% year-over-year to $163.4M in 2026Q2, marking the third consecutive quarter of accelerating growth. However, this growth is accompanied by significant margin compression,...

GrowthAccelerating
ProfitabilityStrained
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

SHLS price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

6/12 Beats

EPS beat 6 of last 12 quarters

02

Valuation risk

+69% Peers

P/E is 69% above peer median

03

Market leadership

RS 28 · Lag

Laggard (Underperforming 72% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 4

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
SHLS-10.34%
S&P 500 (^GSPC)+13.20%
1-Year Return
SHLS+8.52%
S&P 500 (^GSPC)+15.98%
3-Year Return
SHLS-59.31%
S&P 500 (^GSPC)+84.71%
5-Year Return
SHLS-74.26%
S&P 500 (^GSPC)+82.62%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
40.8x
Forward P/EExpansion
18.8x
EV/EBITDA20th %ile
23.6x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
40.8x
42.5x
50th· Fair
EV/EBITDA
23.6x
30.3x
20th· Low
Price/FCF
N/A
31.4x
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$2.09-74.4%
Base (Fair)$4.52-40.6%
Bull$4.57-43.9%
$2.09 Bear$4.52 Base$4.57 Bull
Current Market Price: $8.15
Trades at a 80.3% premium to Base DCF ($4.52)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$475M+19.1% YoY
Net income
$34M+39.2% YoY
Free cash flow
-$16M-122.2% YoY
Operating margin
11.9%-1.0 pts YoY
ROIC (TTM)5.9%
Avg ROIC 5Y-
ROE (TTM)5.8%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate6/12 (50%)
Revenue Beat Rate8/12 (67%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 4, 2026
$0.12+21.9%
vs $0.10
$163M+2.1%
vs $160M
Q2 2026
May 5, 2026
$0.07+16.7%
vs $0.06
$141M+8.8%
vs $129M
Q1 2026
Feb 24, 2026
$0.10-28.6%
vs $0.14
$148M+2.4%
vs $145M
Q4 2025
Nov 4, 2025
$0.12-4.2%
vs $0.13
$136M+3.8%
vs $131M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Defense World·Sep 10, 2026
Shoals Technologies Group (NASDAQ:SHLS) versus Eos Energy Enterprises (NASDAQ:EOSE) Financial Survey

Eos Energy Enterprises (NASDAQ: EOSE - Get Free Report) and Shoals Technologies Group (NASDAQ: SHLS - Get Free Report) are both small-cap industrials companies, but which is the better investment? We will compare the two businesses based on the strength of their valuation, risk, earnings, profitability, analyst recommendations, institutional ownership and dividends. Valuation and Earnings This table

Seeking Alpha·Sep 9, 2026
Shoals Technologies Group, Inc. (SHLS) Presents at Barclays 40th Annual Energy-Power Conference Transcript

Shoals Technologies Group, Inc. (SHLS) Presents at Barclays 40th Annual Energy-Power Conference Transcript

Defense World·Aug 29, 2026
Bank of America Corp DE Cuts Stake in Shoals Technologies Group, Inc. $SHLS

Bank of America Corp DE cut its holdings in shares of Shoals Technologies Group, Inc. (NASDAQ: SHLS) by 14.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 746,424 shares of the company's stock after selling 128,537 shares during

GlobeNewsWire·Aug 26, 2026
Shoals Technologies Group Prevails in Patent Infringement Case Against Voltage in North Carolina

PORTLAND, Tenn., Aug. 26, 2026 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals”) (Nasdaq: SHLS), a global leader in electrical infrastructure solutions for the energy transition market, today announced a favorable outcome in its patent infringement lawsuit against Voltage, LLC and Ningbo Voltage Smart Production Co. (collectively “Voltage”) in the U.S. District Court for the Middle District of North Carolina.

Filtered for Shoals Technologies Group, Inc.More Headlines
04

Compare before deciding

Benchmark SHLS against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Shoals Technologies Group, Inc. (SHLS)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
SHLS logoSHLSShoals Technologies Group, Inc.Current
$8.15$1.37B40.7519.07%7.06%5.8%—
GNRC logoGNRCGenerac Holdings Inc.
$206.17$12.14B76.64-2.02%5.82%9.54%—
REZI logoREZIResideo Technologies, Inc.
$18.88$4.11B-5.0110.52%5.58%14.7%—
ARRY logoARRYArray Technologies, Inc.
$3.96$609.15M-5.4240.22%-7.25%-27.96%—
FTCI logoFTCIFTC Solar, Inc.
$2.62$41.93M-0.48110.51%-51.02%——
ENPH logoENPHEnphase Energy, Inc.
$34.42$4.55B26.6810.72%10.09%12.28%—

Compare SHLS vs Peers

Shoals Technologies Group, Inc. (SHLS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs GNRC

Most directly comparable listed peer for SHLS.

Scale Benchmark

vs NEE

Larger-name benchmark to compare SHLS against a more recognizable public peer.

Peer Set

Compare Top 5

vs GNRC, REZI, ARRY, FTCI

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

SHLS SEC Filings & Documents

Shoals Technologies Group, Inc. (SHLS) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 4, 2026·SEC

Material company update

Jun 12, 2026·SEC

Material company update

May 5, 2026·SEC

10-K Annual Reports

4
FY 2026

Feb 24, 2026·SEC

FY 2025

Feb 25, 2025·SEC

FY 2024

Feb 28, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 4, 2026·SEC

FY 2026

May 5, 2026·SEC

FY 2025

Nov 4, 2025·SEC

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SHLS Frequently Asked Questions

Shoals Technologies Group, Inc. (SHLS) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Shoals Technologies Group, Inc.'s revenue?

Shoals Technologies Group, Inc. (SHLS) reported $588.1M in revenue for fiscal year 2025. This represents a 467% increase from $103.8M in 2018.

How fast is Shoals Technologies Group, Inc. growing?

Shoals Technologies Group, Inc. (SHLS) grew revenue by 19.1% over the past year. This is strong growth.

Is SHLS profitable?

Yes, Shoals Technologies Group, Inc. (SHLS) is profitable, generating $31.8M in net income for fiscal year 2025 (7.1% net margin).

Dividend & Returns
What is SHLS's return on equity?

Shoals Technologies Group, Inc. (SHLS) has a return on equity (ROE) of 5.8%. This is below average, suggesting room for improvement.

What is Shoals Technologies Group, Inc.'s free cash flow?

Shoals Technologies Group, Inc. (SHLS) had negative free cash flow of $51.6M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in SHLS back in 2018?

Total return calculator · dividends reinvested · 8+ years of data

See returns →