Shoals Technologies Group, Inc. (SHLS)
NASDAQ:SHLS
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SHLS Stock Chart & Stats
$7.16
-$0.17(-2.72%)
At close: 4:00 PM EST
$7.16
-$0.17(-2.72%)
Day’s Range― - ―
52-Week Range$3.99 - $13.18
Previous CloseN/A
Volume984.88K
Average Volume (3M)5.95M
Market Cap
$1.73B
Enterprise Value$1.80B
Total Cash (Recent Filing)$1.88M
Total Debt (Recent Filing)$219.55M
Price to Earnings (P/E)49.7
Beta0.83
Next Earnings
Aug 11, 2026EPS Estimate
0.1Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.20
Shares Outstanding167,771,820
10 Day Avg. Volume5,170,113
30 Day Avg. Volume5,946,653
Financial Highlights & Ratios
PEG Ratio0.99
Price to Book (P/B)2.37
Price to Sales (P/S)2.99
P/FCF Ratio-88.99
Enterprise Value/Market Cap1.04
Enterprise Value/Revenue3.36
Enterprise Value/Gross Profit10.04
Enterprise Value/Ebitda25.91
Forecast
1Y Price Target
$10.65Price Target Upside48.80% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering13
EPS Forecast (FY)0.41
Revenue Forecast (FY)$622.24M
Bulls Say, Bears Say
Bulls Say
Record Backlog / Demand VisibilityA $758M backlog with ~ $628M deliverable in the next four quarters provides durable revenue visibility, enabling production planning, capacity utilization and cash flow predictability over 2–6 months. It de-risks near-term revenue execution versus spot demand cycles.
Strong Top-line Growth And Raised GuidanceRapid revenue growth and an upgraded full-year guide signal sustained market share gains and stronger project wins. This supports operating leverage potential and validates product-market fit for EBOS in utility-scale solar over the medium term.
Improved Liquidity Optionality Via Credit AmendmentA $50M incremental revolver and looser consolidated leverage covenant expand financial flexibility, giving management room to fund inventory, capex or targeted M&A while managing short-term liquidity risks tied to cash conversion swings.
Bears Say
Weak TTM Cash GenerationNegative trailing twelve‑month operating and free cash flow, and very low cash on hand, indicate poor cash conversion despite accounting profits. This increases reliance on credit, heightens liquidity risk, and constrains capital allocation until working capital normalizes.
Margin Pressure From Mix, Tariffs, LogisticsSustained margin compression from product mix, tariffs and elevated freight reduces earnings quality and weakens pricing power. If structural cost headwinds persist, higher revenue may not proportionally lift margins or cash flow, limiting sustainable profitability.
Rising Net Debt And Legal Expense BurdenAn upward debt trend and material legal costs increase fixed obligations and compress free cash flow. Combined with weak cash generation, higher leverage and litigation expense reduce financial flexibility and raise downside risk if operating performance softens.
Shoals Technologies Group News
SHLS FAQ
What was Shoals Technologies Group, Inc.’s price range in the past 12 months?
Shoals Technologies Group, Inc. lowest stock price was $3.99 and its highest was $13.18 in the past 12 months.
What is Shoals Technologies Group, Inc.’s market cap?
Shoals Technologies Group, Inc.’s market cap is $1.73B.
When is Shoals Technologies Group, Inc.’s upcoming earnings report date?
Shoals Technologies Group, Inc.’s upcoming earnings report date is Aug 11, 2026 which is in 54 days.
How were Shoals Technologies Group, Inc.’s earnings last quarter?
Shoals Technologies Group, Inc. released its earnings results on May 05, 2026. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.062 by $0.008.
Is Shoals Technologies Group, Inc. overvalued?
According to Wall Street analysts Shoals Technologies Group, Inc.’s price is currently Undervalued.
Does Shoals Technologies Group, Inc. pay dividends?
Shoals Technologies Group, Inc. does not currently pay dividends.
What is Shoals Technologies Group, Inc.’s EPS estimate?
Shoals Technologies Group, Inc.’s EPS estimate is 0.1.
How many shares outstanding does Shoals Technologies Group, Inc. have?
Shoals Technologies Group, Inc. has 167,771,820 shares outstanding.
What happened to Shoals Technologies Group, Inc.’s price movement after its last earnings report?
Shoals Technologies Group, Inc. reported an EPS of $0.07 in its last earnings report, beating expectations of $0.062. Following the earnings report the stock price went down -1.693%.
Which hedge fund is a major shareholder of Shoals Technologies Group, Inc.?
Currently, no hedge funds are holding shares in SHLS
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Shoals Technologies Group Stock Smart Score
Outperform
1
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3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$10.65 (48.80% Upside)
$10.65 (48.80% Upside)
Blogger Sentiment
Bullish
SHLS Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 1.5M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $565.8K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 2.9%
Last 30 Days ▲ 7.7%
Last 30 Days ▲ 7.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
86.51%
12-Months-Change
Fundamentals
Return on Equity
5.67%
Trailing 12-Months
Asset Growth
30.75%
Trailing 12-Months
Company Description
Shoals Technologies Group, Inc.
Shoals Technologies Group, Inc. provides Electrical Balance of System (EBOS) solutions designed for solar power projects throughout the United States. The company manufactures a wide array of EBOS components, including various cable assemblies, inline fuses, combiners, disconnects, recombiners, wireless monitoring systems, junction boxes, specialized transition enclosures, splice boxes, wire management solutions, and IV curve benchmarking devices. Additionally, Shoals offers EV Charging solutions for both public and fleet electric vehicle charging infrastructure, alongside its core EBOS systems. Its primary customers are engineering, procurement, and construction (EPC) firms responsible for developing solar energy installations and deploying electric vehicle charging stations. Shoals Technologies Group, Inc. was founded in 1996 and maintains its headquarters in Portland, Tennessee.
SHLS Company Deck
SHLS Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call was broadly positive: Shoals reported exceptional top-line growth (Q1 revenue +75% YoY), record backlog ($758M), strong adjusted EBITDA and adjusted net income expansion, and raised full-year guidance. These operational wins are balanced by near-term margin pressure driven by product mix, tariffs, freight, temporary labor inefficiencies related to a major facility move, elevated legal expenses, and a deliberate inventory build that consumed cash. Management expects margins to trough in Q1 and improve sequentially through the year, with the raised guidance reflecting confidence in demand and execution despite transitory headwinds.View all SHLS earnings summariesSHLS Stock 12 Month Forecast
Average Price Target
$10.65
▲(48.80% Upside)
Technical Analysis
Ownership Overview
1.96% Insiders
27.31% Mutual Funds
24.87% Other Institutional Investors
14.55% Public Companies and
Individual Investors