Shoals Technologies Group/$SHLS
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Shoals Technologies Group
Shoals Technologies Group is a provider of electrical balance of system solutions for solar energy projects, primarily in the United States. EBOS encompasses components that are necessary to carry electric current produced by solar panels to an inverter. The products are sold principally to engineering, procurement, and construction firms that build solar energy projects.
- Ticker
- $SHLS
- Sector
- Industrials
- Primary listing
- NASDAQ
- Employees
- 1,480
- Headquarters
- Portland, United States
- Website
- www.shoals.com
SHLS Metrics
BasicAdvanced
$1.2B
37.96
$0.19
1.92
-
Price and volume
Market cap
$1.2B
Beta
1.92
52-week high
$13.18
52-week low
$5.43
Average daily volume
4.2M
Financial strength
Current ratio
2.246
Quick ratio
1.053
Long term debt to equity
0.379
Total debt to equity
0.379
Interest coverage (TTM)
7.23%
Profitability
EBITDA (TTM)
100.616
Gross margin (TTM)
32.11%
Net profit margin (TTM)
5.41%
Operating margin (TTM)
14.40%
Effective tax rate (TTM)
28.67%
Revenue per employee (TTM)
$400,000
Management effectiveness
Return on assets (TTM)
5.84%
Return on equity (TTM)
5.34%
Valuation
Price to earnings (TTM)
37.959
Price to revenue (TTM)
2.052
Price to book
1.96
Price to tangible book (TTM)
2.34
Price to free cash flow (TTM)
-23.392
Free cash flow yield (TTM)
-4.27%
Free cash flow per share (TTM)
-0.308
Growth
Revenue change (TTM)
46.88%
Earnings per share change (TTM)
58.78%
3-year revenue growth (CAGR)
12.80%
3-year earnings per share growth (CAGR)
-40.25%
What the Analysts think about SHLS
Analyst ratings (Buy, Hold, Sell) for Shoals Technologies Group stock.
Analyst projections of the future price of Shoals Technologies Group stock.
Bulls say / Bears say
Shoals’ Q2 revenue rose 47.4% year on year, while backlog and awarded orders reached a record $801.4 million, up 19.4%. It reaffirmed 2026 revenue guidance of $600 million to $640 million, signalling continued growth if it converts demand into deliveries. (Shoals Technologies Group)
Battery storage is becoming a meaningful adjacent business: Shoals reported about $20 million of BESS revenue in Q2 and $65 million of BESS backlog and awarded orders. Its TerraFlow agreement could also open access to projects with a potential deployment plan of up to 5 GW a year. (StockAnalysis)
Shoals won a jury award of more than $96 million against Voltage, and the ITC also barred imports of the rival’s infringing products. If the rulings hold and are enforceable, they could support Shoals’ intellectual property position and competitive standing. (Shoals Technologies Group)
Gross margin fell to 30.3% in Q2 from 37.2% a year earlier, despite sharply higher revenue. Shoals attributed the decline to factory ramp-up inefficiencies, product mix and quality-related rework, leaving profitability dependent on a successful operational recovery. (Shoals Technologies Group)
The wire-insulation defect remains a material product-risk overhang: Shoals estimated total losses of $73 million and had incurred $71.8 million by the end of June. The company warned that actual costs could exceed its estimate, and it has not treated any recovery from its supplier as probable. (SEC)
Shoals remains heavily exposed to US solar project activity: substantially all of its first-half revenue came from US customers. The company warns that changing tax-credit rules, project delays and trade measures could weaken demand or raise costs. (SEC)
Data summarised monthly by Lightyear AI. Last updated on 31 Oct 2026.
SHLS Financial Performance
Revenues and expenses
SHLS Earnings Performance
Company profitability
Upcoming events
No upcoming events
SHLS News
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Funds containing SHLS
Fund name | Fund size | $SHLS weighting |
|---|---|---|
iShares Global Clean Energy€IQQH | $3.1B | 0.92% |
iShares Global Clean Energy£INRG | $3.1B | 0.92% |
SPDR Russell 2000 US Small Cap£R2SC | $5.3B | 0.04% |
SPDR Russell 2000 US Small Cap€R2US | $5.3B | 0.04% |
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | $3.2B | 0.03% |
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