Shoals Technologies Group, Inc.
SHLS
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Shoals Technologies is well-positioned in the growing solar industry, benefiting from increasing demand for renewable energy solutions.
- Revenue increased by 16% compared to the prior quarter, reaching $163 million.
- Operating margin expanded to 11.5%, indicating improved efficiency.
- The company faces challenges with a trailing P/E ratio of 44.68, suggesting potential overvaluation compared to peers.
- Earnings growth has declined by 12.5% year-over-year, raising concerns about profitability.
- Free cash flow remains negative at -$42.99 million, indicating liquidity issues.
Fundamentals
| Market cap | $1.42B | Enterprise value | $1.64B | Trailing P/E | 44.32 | Forward P/E | 15.06 |
| PEG | 0.58 | Price / book | 2.30 | Beta | 1.85 | Dividend yield | 0.00% |
| Revenue growth | 47.4% | Earnings growth | -12.5% | Gross margin | 32.1% | Operating margin | 13.8% |
| Profit margin | 5.4% | ROE | 5.3% | ROA | 5.8% | Debt / equity | 0.38 |
| Current ratio | 2.25 | Free cash flow | -$42.99M | Analyst recommendation | buy | Mean target | $11.22 |
| 52w high | $13.18 | 52w low | $5.43 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | |
|---|---|---|---|---|---|
| Revenue | $163M | $141M | $148M | $136M | $111M |
| Op margin | 11.5% | 5.5% | 11.7% | 13.7% | 14.4% |
| Net income | $12.1M | -$0.3M | $8.1M | $11.9M | $13.9M |
| Gross margin | 30.3% | 29.2% | 31.6% | 37.0% | 37.2% |
| Gross profit | $49.5M | $41.0M | $46.9M | $50.3M | $41.2M |
| Operating income | $18.7M | $7.7M | $17.4M | $18.7M | $16.0M |
- Revenue +16% vs prior quarter ($163M vs $141M).
- Gross margin 30.3% (was 29.2% prior quarter).
- Operating margin expanded to 11.5%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $475M | $399M | $489M | $327M | — |
| Op margin | 11.9% | 12.8% | 16.2% | 20.3% | — |
| Net income | $33.6M | $24.1M | $40.0M | $128M | — |
| Gross margin | 35.0% | 35.6% | 34.4% | 40.2% | — |
| Gross profit | $167M | $142M | $168M | $131M | — |
| Operating income | $56.4M | $51.2M | $79.0M | $66.3M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-06 · 2 Momentum Stocks with Solid Fundamentals and 1 We Brush Off
2026-10-05 · Top power technology stocks for selective trading, says Oppenheimer
2026-10-03 · 3 U.S. Solar And Storage Stocks With Tariff Resilient Supply Chains
2026-10-02 · 3 Value Stocks We’re Skeptical Of
2026-09-25 · JELD-WEN, Shoals, Advanced Energy, American Superconductor, and Bloom Energy Shares Plummet, What You Need To Know
2026-09-23 · Shoals Technologies Group (SHLS) Stock Could Be A Bargain On Cash Flow
2026-09-11 · 3 Russell 2000 Stocks We Steer Clear Of
2026-09-04 · 3 Small-Cap Stocks We Find Risky
2026-09-03 · 1 of Wall Street’s Favorite Stocks with Impressive Fundamentals and 2 We Ignore
2026-08-31 · Spotting Winners: Shoals (NASDAQ:SHLS) And Renewable Energy Stocks In Q2
2026-08-26 · Voltage Energy Will Seek New Trial and Review of Verdict in Shoals Patent Dispute
2026-08-26 · Shoals Technologies Wins Patent Infringement Case Against Voltage
Price (daily)
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