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SHLS

Shoals Technologies Group, Inc.

SHLS

NASDAQ·Energy·Solar·Mkt cap $1.7B

$9.95

-1.68%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$4.43 - $13.18

P/E

50.05

Fwd P/E

20.23

Beta

1.88

Div Yield

0.00%

Avg Vol

5.8M

Shares Out

167.8M

Mkt Cap

$1.7B

Price action

Price chart

Up 85.0% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Established supplier relationships with major EPC firms and solar installers
  • Comprehensive product portfolio covering complete EBOS solutions
  • Vertical integration and manufacturing expertise in electrical components
  • First-mover advantage and brand recognition in solar balance of system market

Bear Case

2 risks

  • Above-average volatility (beta 1.9).
  • Growth premium of 1.0x vs Solar Energy peers. Reasonable for this growth rate.

Growth

Stable outlook

Accelerating U.S. solar deployment driven by IRA tax credits and state renewable mandates

Value

Growth premium of 1.0x vs Solar Energy peers. Reasonable for this growth rate.

Momentum

Hot

+48.4% over 3m

Quality

Stable

High-growth business (38% revenue growth, 33% gross margin). Profitable with strong growth momentum.

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: May 4, 2026

Q2 26 RECAP

MAY 5, 2026

Reported EPS of $0.07 vs $0.06 consensus (+16.7% surprise). Revenue of $140.6M vs $129.2M expected (+8.8%). Beat on both top and bottom lines.

EPS beat +16.7%
Rev beat +8.8%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+16.7%

Next: May 4, 2026

Revenue trend · last 8Q

-18%

-12%

+12%

+33%

+39%

+75%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$99.2M

$102.2M

$107.0M

$80.4M

$110.8M

$135.8M

$148.3M

$140.6M

Margins · last 8Q

Gross

Operating

Profit

-0.2%

Wall Street consensus

11 analysts · 73% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

8

73%

Hold

3

27%

Sell

0%

Median Price Target

Latest: Roth Capital · Jul 2, 2026

vs Industry

How SHLS stacks vs Solar

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.