SHLS
Shoals Technologies Group, Inc.
Price Chart
Latest Quote
$10.42
| Previous Close | $9.44 |
| Open | $9.78 |
| Day High | $10.63 |
| Day Low | $9.45 |
| Volume | 8,754,903 |
Stock Information
| Shares Outstanding | 167.77M |
| Total Debt | $219.55M |
| Cash Equivalents | $1.88M |
| Revenue | $535.53M |
| Net Income | $33.56M |
| Sector | Technology |
| Industry | Solar |
| Market Cap | $1.75B |
| P/E Ratio | 52.10 |
| EPS (TTM) | $0.20 |
| Exchange | NGM |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $1.89B |
| Sales | $535.53M |
| Income | $33.56M |
| Book/sh | $3.59 |
| Cash/sh | $0.01 |
| Employees | 1K |
Financial Ratios
| Quick Ratio | 1.01 |
| Current Ratio | 1.84 |
| Debt/Eq | 36.49 |
Returns & Margins
| ROA | 5.45% |
| ROE | 5.78% |
| Gross Margin | 33.50% |
| Operating Margin | 8.13% |
| Profit Margin | 6.27% |
Ownership
| Insider Ownership | 1.06% |
| Institutional Ownership | 121.34% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | 20.72 |
| PEG | 0.90 |
| P/S | 3.26 |
| P/B | 2.91 |
Analyst Data
| Recommendation | buy |
| Target Price | $10.32 |
Technical Indicators
| SMA20 | $10.89 |
| SMA50 | $9.20 |
| SMA200 | $8.57 |
| RSI | 37.00 |
| ATR | 0.9706 |
| Shares Float | 166.37M |
| Short Float | 11.85% |
| Short Ratio | 2.50 |
| Volatility | 1.88 |
| Rel Volume | 1.55 |
Performance History
| Week | +5.36% |
| Month | +12.28% |
| Quarter | +72.52% |
| 6 Months | +22.01% |
| YTD | +14.63% |
| Year | +98.10% |
| 3 Years | -59.14% |
| 5 Years | -65.99% |
| 10 Years | -68.42% |
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-18 | $10.42 | 8,765,100 |
| 2026-06-17 | $9.44 | 6,832,700 |
| 2026-06-16 | $9.96 | 4,179,700 |
| 2026-06-15 | $10.30 | 3,817,200 |
| 2026-06-12 | $10.43 | 5,633,200 |
| 2026-06-11 | $9.89 | 5,530,500 |
| 2026-06-10 | $9.25 | 4,884,000 |
| 2026-06-09 | $9.63 | 6,530,500 |
| 2026-06-08 | $10.88 | 4,859,000 |
| 2026-06-05 | $10.81 | 7,062,200 |
| 2026-06-04 | $12.77 | 4,301,700 |
| 2026-06-03 | $12.39 | 3,553,500 |
| 2026-06-02 | $12.46 | 5,619,000 |
| 2026-06-01 | $12.18 | 3,789,000 |
| 2026-05-29 | $12.45 | 6,053,600 |
| 2026-05-28 | $12.20 | 5,901,900 |
| 2026-05-27 | $12.12 | 9,732,300 |
| 2026-05-26 | $10.82 | 6,395,100 |
| 2026-05-22 | $9.91 | 4,384,500 |
| 2026-05-21 | $9.55 | 5,127,700 |
| 2026-05-20 | $9.68 | 3,967,100 |
| 2026-05-19 | $9.28 | 3,897,400 |
About Shoals Technologies Group, Inc.
Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions and components in the United States and internationally. The company designs, manufactures, and sells various products used by the solar and battery storage industries, including solar big lead assembly (BLA) solutions; homeruns, interconnection, and extension solutions; combiners and re-combiners; load break disconnects and transition solutions; wireless performance monitoring; and battery energy storage solutions (BESS). It also offers original equipment manufacturer (OEM) components; and technical support services during installation and the transition to operations and maintenance. The company sells its products to engineering, procurement, and construction firms that build solar energy projects; utilities; solar developers, independent power producers; solar module manufacturers; and charge point operators. Shoals Technologies Group, Inc. was founded in 1996 and is headquartered in Portland, Tennessee.
đ° Latest News
Winners And Losers Of Q1: Shoals (NASDAQ:SHLS) Vs The Rest Of The Renewable Energy Stocks
StockStory âĸ 2026-06-19T18:44:58Z1 Russell 2000 Stock with Exciting Potential and 2 We Find Risky
StockStory âĸ 2026-06-16T19:45:04Z1 Profitable Stock with Exciting Potential and 2 We Question
StockStory âĸ 2026-06-15T08:28:07ZShoals, Construction Partners, and Hyster-Yale Materials Handling Shares Skyrocket, What You Need To Know
StockStory âĸ 2026-06-13T01:41:20ZAs Solar M&A Heats Up, These 4 Companies Could Be on the Block
24/7 Wall St. âĸ 2026-06-12T13:25:58ZShoals (SHLS): Buy, Sell, or Hold Post Q1 Earnings?
StockStory âĸ 2026-06-12T12:29:20ZA Look At Shoals Technologies Group (SHLS) Valuation After Recent Share Price Volatility
Simply Wall St. âĸ 2026-06-10T04:31:07ZSolarEdge, Shoals, and EVgo Shares Plummet, What You Need To Know
StockStory âĸ 2026-06-10T00:14:14ZShoals, Rocket Lab, and Blink Charging Shares Are Soaring, What You Need To Know
StockStory âĸ 2026-06-09T00:45:50ZShoals, Fluence Energy, and Enphase Shares Are Falling, What You Need To Know
StockStory âĸ 2026-06-06T02:56:14ZIncome Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $303,605,000 | $253,156,000 | $318,656,000 | $194,193,000 |
| Cost Of Revenue | $308,823,000 | $257,191,000 | $320,635,000 | $195,629,000 |
| Total Revenue | $475,331,000 | $399,208,000 | $488,939,000 | $326,940,000 |
| Operating Revenue | $475,331,000 | $399,208,000 | $488,939,000 | $326,940,000 |
| Expenses | ||||
| Interest Expense | $9,994,000 | $13,827,000 | $24,100,000 | $18,538,000 |
| Total Expenses | $418,946,000 | $348,036,000 | $409,904,000 | $260,610,000 |
| Other Income Expense | $1,822,000 | - | - | $104,208,000 |
| Net Non Operating Interest Income Expense | $-9,689,000 | $-13,309,000 | $-24,100,000 | $-18,538,000 |
| Interest Expense Non Operating | $9,994,000 | $13,827,000 | $24,100,000 | $18,538,000 |
| Operating Expense | $110,123,000 | $90,845,000 | $89,269,000 | $64,981,000 |
| General And Administrative Expense | $101,524,000 | $82,254,000 | $80,719,000 | $55,908,000 |
| Other Non Operating Income Expenses | - | - | - | $104,208,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $33,574,000 | $24,127,000 | $39,974,000 | $127,611,000 |
| Net Interest Income | $-9,689,000 | $-13,309,000 | $-24,100,000 | $-18,538,000 |
| Interest Income | $305,000 | $518,000 | $0 | $0 |
| Normalized Income | $32,313,176 | $24,127,000 | $39,974,000 | $127,611,000 |
| Net Income From Continuing And Discontinued Operation | $33,574,000 | $24,127,000 | $39,974,000 | $127,611,000 |
| Total Operating Income As Reported | $56,385,000 | $51,172,000 | $79,035,000 | $66,330,000 |
| Net Income Common Stockholders | $33,574,000 | $24,127,000 | $39,974,000 | $127,611,000 |
| Net Income | $33,574,000 | $24,127,000 | $39,974,000 | $127,611,000 |
| Net Income Including Noncontrolling Interests | $33,574,000 | $24,127,000 | $42,661,000 | $143,013,000 |
| Net Income Continuous Operations | $33,574,000 | $24,127,000 | $42,661,000 | $143,013,000 |
| Pretax Income | $48,518,000 | $37,863,000 | $54,935,000 | $152,000,000 |
| Special Income Charges | $1,835,000 | $0 | $0 | $0 |
| Interest Income Non Operating | $305,000 | $518,000 | $0 | $0 |
| Operating Income | $56,385,000 | $51,172,000 | $79,035,000 | $66,330,000 |
| Depreciation Amortization Depletion Income Statement | $8,599,000 | $8,591,000 | $8,550,000 | $9,073,000 |
| Depreciation And Amortization In Income Statement | $8,599,000 | $8,591,000 | $8,550,000 | $9,073,000 |
| Gross Profit | $166,508,000 | $142,017,000 | $168,304,000 | $131,311,000 |
| Per Share | ||||
| Diluted EPS | $0.20 | $0.14 | $0.24 | $0.85 |
| Basic EPS | $0.20 | $0.14 | $0.24 | $1.11 |
| Other | ||||
| Tax Effect Of Unusual Items | $561,176 | $0 | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $70,507,000 | $64,316,000 | $89,564,000 | $181,047,000 |
| Total Unusual Items | $1,822,000 | $0 | $0 | $0 |
| Total Unusual Items Excluding Goodwill | $1,822,000 | $0 | $0 | $0 |
| Reconciled Depreciation | $13,817,000 | $12,626,000 | $10,529,000 | $10,509,000 |
| EBITDA (Bullshit earnings) | $72,329,000 | $64,316,000 | $89,564,000 | $181,047,000 |
| EBIT | $58,512,000 | $51,690,000 | $79,035,000 | $170,538,000 |
| Diluted Average Shares | $168,378,000 | $168,725,000 | $164,504,000 | $167,631,000 |
| Basic Average Shares | $167,257,000 | $168,570,000 | $164,165,000 | $114,495,000 |
| Diluted NI Availto Com Stockholders | $33,574,000 | $24,127,000 | $39,974,000 | $127,611,000 |
| Minority Interests | $0 | $0 | $-2,687,000 | $-15,402,000 |
| Tax Provision | $14,944,000 | $13,736,000 | $12,274,000 | $8,987,000 |
| Gain On Sale Of Ppe | $1,835,000 | $0 | $0 | - |
| Gain On Sale Of Security | $-13,000 | - | - | - |
| Selling General And Administration | $101,524,000 | $82,254,000 | $80,719,000 | $55,908,000 |
| Other Gand A | $101,524,000 | $82,254,000 | $80,719,000 | $55,908,000 |
| Other Special Charges | - | - | - | - |
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $496,533,000 | $445,776,000 | $426,387,000 | $164,848,000 |
| Total Assets | $904,101,000 | $793,080,000 | $843,993,000 | $594,895,000 |
| Total Non Current Assets | $646,215,000 | $604,728,000 | $616,807,000 | $441,355,000 |
| Other Non Current Assets | $5,402,000 | $9,536,000 | $5,167,000 | $6,325,000 |
| Non Current Deferred Assets | $438,027,000 | $454,160,000 | $468,195,000 | $291,634,000 |
| Non Current Deferred Taxes Assets | $438,027,000 | $454,160,000 | $468,195,000 | $291,634,000 |
| Goodwill And Other Intangible Assets | $103,440,000 | $111,024,000 | $118,609,000 | $126,526,000 |
| Other Intangible Assets | $33,499,000 | $41,083,000 | $48,668,000 | $56,585,000 |
| Current Assets | $257,886,000 | $188,352,000 | $227,186,000 | $153,540,000 |
| Other Current Assets | $9,762,000 | $9,849,000 | $4,421,000 | $4,632,000 |
| Inventory | $89,878,000 | $55,977,000 | $52,804,000 | $72,854,000 |
| Receivables | $150,926,000 | $99,015,000 | $147,254,000 | $67,288,000 |
| Other Receivables | $22,133,000 | $20,834,000 | $40,136,000 | $16,713,000 |
| Accounts Receivable | $128,793,000 | $78,181,000 | $107,118,000 | $50,575,000 |
| Allowance For Doubtful Accounts Receivable | $-496,000 | $-496,000 | $-759,000 | $-486,000 |
| Gross Accounts Receivable | $129,289,000 | $78,677,000 | $107,877,000 | $51,061,000 |
| Cash Cash Equivalents And Short Term Investments | $7,320,000 | $23,511,000 | $22,707,000 | $8,766,000 |
| Cash And Cash Equivalents | $7,320,000 | $23,511,000 | $22,707,000 | $8,766,000 |
| Debt | ||||
| Net Debt | $129,430,000 | $118,239,000 | $158,738,000 | $230,297,000 |
| Total Debt | $175,411,000 | $142,985,000 | $181,445,000 | $239,063,000 |
| Long Term Debt And Capital Lease Obligation | $175,411,000 | $142,985,000 | $179,445,000 | $237,063,000 |
| Long Term Debt | $136,750,000 | $141,750,000 | $179,445,000 | $237,063,000 |
| Current Debt And Capital Lease Obligation | - | - | $2,000,000 | $2,000,000 |
| Current Debt | - | - | $2,000,000 | $2,000,000 |
| Other Current Borrowings | - | - | $2,000,000 | $2,000,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $304,128,000 | $236,280,000 | $298,997,000 | $293,906,000 |
| Total Non Current Liabilities Net Minority Interest | $176,805,000 | $155,368,000 | $206,367,000 | $241,284,000 |
| Other Non Current Liabilities | $1,394,000 | $12,383,000 | $26,922,000 | $4,221,000 |
| Current Liabilities | $127,323,000 | $80,912,000 | $92,630,000 | $52,622,000 |
| Other Current Liabilities | $3,202,000 | $29,602,000 | $31,099,000 | $560,000 |
| Current Deferred Liabilities | $37,031,000 | $18,737,000 | $22,228,000 | $23,259,000 |
| Payables And Accrued Expenses | $80,558,000 | $27,568,000 | $26,507,000 | $21,886,000 |
| Interest Payable | $653,000 | $259,000 | $5,934,000 | $7,226,000 |
| Payables | $64,875,000 | $20,032,000 | $14,396,000 | $9,481,000 |
| Accounts Payable | $64,875,000 | $20,032,000 | $14,396,000 | $9,481,000 |
| Tradeand Other Payables Non Current | - | - | - | $0 |
| Equity | ||||
| Common Stock Equity | $599,973,000 | $556,800,000 | $544,996,000 | $291,374,000 |
| Total Equity Gross Minority Interest | $599,973,000 | $556,800,000 | $544,996,000 | $300,989,000 |
| Stockholders Equity | $599,973,000 | $556,800,000 | $544,996,000 | $291,374,000 |
| Retained Earnings | $132,153,000 | $98,579,000 | $74,452,000 | $34,478,000 |
| Other | ||||
| Treasury Shares Number | $3,908,387 | $3,908,387 | - | - |
| Ordinary Shares Number | $167,450,324 | $166,762,392 | $170,117,289 | $137,904,663 |
| Share Issued | $171,358,711 | $170,670,779 | $170,117,289 | $137,904,663 |
| Tangible Book Value | $496,533,000 | $445,776,000 | $426,387,000 | $164,848,000 |
| Invested Capital | $736,723,000 | $698,550,000 | $726,441,000 | $530,437,000 |
| Working Capital | $130,563,000 | $107,440,000 | $134,556,000 | $100,918,000 |
| Capital Lease Obligations | $38,661,000 | $1,235,000 | - | - |
| Total Capitalization | $736,723,000 | $698,550,000 | $724,441,000 | $528,437,000 |
| Treasury Stock | $25,272,000 | $25,331,000 | $0 | - |
| Additional Paid In Capital | $493,090,000 | $483,550,000 | $470,542,000 | $256,894,000 |
| Capital Stock | $2,000 | $2,000 | $2,000 | $2,000 |
| Common Stock | $2,000 | $2,000 | $2,000 | $2,000 |
| Preferred Stock | $0 | $0 | $0 | $0 |
| Long Term Capital Lease Obligation | $38,661,000 | $1,235,000 | - | - |
| Current Deferred Revenue | $37,031,000 | $18,737,000 | $22,228,000 | $23,259,000 |
| Pensionand Other Post Retirement Benefit Plans Current | $6,532,000 | $5,005,000 | $10,796,000 | $4,917,000 |
| Current Accrued Expenses | $15,683,000 | $7,536,000 | $12,111,000 | $12,405,000 |
| Goodwill | $69,941,000 | $69,941,000 | $69,941,000 | $69,941,000 |
| Net PPE | $99,346,000 | $30,008,000 | $24,836,000 | $16,870,000 |
| Accumulated Depreciation | $-17,488,000 | $-13,062,000 | $-9,557,000 | $-7,284,000 |
| Gross PPE | $116,834,000 | $43,070,000 | $34,393,000 | $24,154,000 |
| Leases | $46,044,000 | $1,786,000 | - | - |
| Construction In Progress | $12,694,000 | $3,969,000 | - | - |
| Machinery Furniture Equipment | $27,258,000 | $22,788,000 | $20,419,000 | $14,283,000 |
| Buildings And Improvements | $30,228,000 | $13,687,000 | $13,134,000 | $9,031,000 |
| Land And Improvements | $610,000 | $840,000 | $840,000 | $840,000 |
| Properties | $0 | $0 | $0 | $0 |
| Finished Goods | $268,000 | $2,415,000 | $654,000 | $785,000 |
| Work In Process | $2,842,000 | $2,316,000 | $1,111,000 | $1,023,000 |
| Raw Materials | $86,768,000 | $51,246,000 | $51,039,000 | $71,046,000 |
| Minority Interest | - | - | $0 | $9,615,000 |
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-15,976,000 | $71,995,000 | $81,377,000 | $36,301,000 |
| Operating Activities | ||||
| Operating Cash Flow | $17,067,000 | $80,388,000 | $91,955,000 | $39,455,000 |
| Cash Flow From Continuing Operating Activities | $17,067,000 | $80,388,000 | $91,955,000 | $39,455,000 |
| Operating Gains Losses | - | - | - | - |
| Investing Activities | ||||
| Capital Expenditure | $-33,043,000 | $-8,393,000 | $-10,578,000 | $-3,154,000 |
| Investing Cash Flow | $-27,955,000 | $-8,393,000 | $-10,847,000 | $-3,657,000 |
| Cash Flow From Continuing Investing Activities | $-27,955,000 | $-8,393,000 | $-10,847,000 | $-3,657,000 |
| Net Other Investing Changes | - | - | $-269,000 | $-503,000 |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $0 | $-25,331,000 | $0 | $0 |
| Financing Cash Flow | $-5,303,000 | $-71,191,000 | $-67,167,000 | $-36,589,000 |
| Cash Flow From Continuing Financing Activities | $-5,303,000 | $-71,191,000 | $-67,167,000 | $-36,589,000 |
| Net Other Financing Charges | $-303,000 | $-3,860,000 | $-7,667,000 | $-70,392,000 |
| Net Common Stock Issuance | $0 | $-25,331,000 | $0 | $42,943,000 |
| Issuance Of Capital Stock | - | $0 | $0 | $42,943,000 |
| Common Stock Issuance | - | $0 | $0 | $42,943,000 |
| Other | ||||
| Repayment Of Debt | $-65,000,000 | $-190,750,000 | $-104,500,000 | $-55,140,000 |
| Issuance Of Debt | $60,000,000 | $148,750,000 | $45,000,000 | $46,000,000 |
| Interest Paid Supplemental Data | $9,110,000 | $16,287,000 | $23,104,000 | $12,840,000 |
| End Cash Position | $7,320,000 | $23,511,000 | $22,707,000 | $8,766,000 |
| Beginning Cash Position | $23,511,000 | $22,707,000 | $8,766,000 | $9,557,000 |
| Changes In Cash | $-16,191,000 | $804,000 | $13,941,000 | $-791,000 |
| Common Stock Payments | $0 | $-25,331,000 | $0 | $0 |
| Net Issuance Payments Of Debt | $-5,000,000 | $-42,000,000 | $-59,500,000 | $-9,140,000 |
| Net Long Term Debt Issuance | $-5,000,000 | $-42,000,000 | $-59,500,000 | $-9,140,000 |
| Long Term Debt Payments | $-65,000,000 | $-190,750,000 | $-104,500,000 | $-55,140,000 |
| Long Term Debt Issuance | $60,000,000 | $148,750,000 | $45,000,000 | $46,000,000 |
| Net PPE Purchase And Sale | $-27,955,000 | $-8,393,000 | $-10,578,000 | $-3,154,000 |
| Sale Of PPE | $5,088,000 | $0 | $0 | - |
| Purchase Of PPE | $-33,043,000 | $-8,393,000 | $-10,578,000 | $-3,154,000 |
| Change In Working Capital | $-59,757,000 | $-5,596,000 | $-60,489,000 | $-38,571,000 |
| Change In Other Working Capital | $18,294,000 | $-3,491,000 | $-1,031,000 | $21,418,000 |
| Change In Other Current Liabilities | $-40,965,000 | $-29,123,000 | $-5,202,000 | $0 |
| Change In Other Current Assets | $1,822,000 | $-9,767,000 | $1,355,000 | $244,000 |
| Change In Payables And Accrued Expense | $48,110,000 | $-5,611,000 | $9,642,000 | $-919,000 |
| Change In Accrued Expense | $4,790,000 | $-11,247,000 | $4,471,000 | $10,110,000 |
| Change In Payable | $43,320,000 | $5,636,000 | $5,171,000 | $-11,029,000 |
| Change In Account Payable | $43,320,000 | $5,636,000 | $5,171,000 | $-11,029,000 |
| Change In Inventory | $-35,107,000 | $-5,843,000 | $15,009,000 | $-36,927,000 |
| Change In Receivables | $-51,911,000 | $48,239,000 | $-80,262,000 | $-22,387,000 |
| Changes In Account Receivables | $-50,612,000 | $28,937,000 | $-56,839,000 | $-19,207,000 |
| Other Non Cash Items | $1,671,000 | $3,093,000 | $2,165,000 | $-102,843,000 |
| Stock Based Compensation | $9,902,000 | $14,230,000 | $20,862,000 | $16,108,000 |
| Provisionand Write Offof Assets | $1,728,000 | $17,873,000 | $64,893,000 | $2,833,000 |
| Deferred Tax | $16,132,000 | $14,035,000 | $11,334,000 | $8,406,000 |
| Deferred Income Tax | $16,132,000 | $14,035,000 | $11,334,000 | $8,406,000 |
| Depreciation Amortization Depletion | $13,817,000 | $12,626,000 | $10,529,000 | $10,509,000 |
| Depreciation And Amortization | $13,817,000 | $12,626,000 | $10,529,000 | $10,509,000 |
| Amortization Cash Flow | $7,600,000 | $7,619,000 | $7,917,000 | $8,651,000 |
| Amortization Of Intangibles | $7,600,000 | $7,619,000 | $7,917,000 | $8,651,000 |
| Depreciation | $6,200,000 | $5,007,000 | $2,612,000 | $1,858,000 |
| Net Income From Continuing Operations | $33,574,000 | $24,127,000 | $42,661,000 | $143,013,000 |
| Income Tax Paid Supplemental Data | - | $109,000 | $1,324,000 | $786,000 |
| Net Short Term Debt Issuance | - | - | $-8,000,000 | $-7,140,000 |
| Short Term Debt Payments | - | - | $-53,000,000 | $-53,140,000 |
| Short Term Debt Issuance | - | - | $45,000,000 | $46,000,000 |
| Net Business Purchase And Sale | - | - | $0 | $0 |
| Purchase Of Business | - | - | $0 | $0 |