SHLS

Shoals Technologies Group Inc

10.08

Nov 06 • 3:59 PM ET +1.09 (12.06%)

9.87

Aftermarket • 7:39 PM ET -0.21 (-2.08%)

Technology Solar USA Small NASD

Nov 05, 12:13 AMArray and Shoals announce stock-for-stock merger targeting >$100M EBITDA synergies after strong Q3 results

Peers: ARRY NXT SEDG FTCI CSIQ ENPH FSLR MWH TE ATKR

| Held by: AIRR VTI IWM TAN ICLN VXF VB DFAT IWO KOMP

Scroll to Statements

Index	RUT
Market Cap	1.70B
Enterprise Value	1.89B
Income	37.83M
Sales	647.56M
Book/sh	3.79
Cash/sh	0.05
Dividend Est.	-
Dividend TTM	-
Dividend Ex-Date	-
Dividend Gr. 3/5Y	- -
Payout	0.00%
Employees	1480
IPO	Jan 27, 2021

P/E	45.30
Forward P/E	17.57
PEG	0.80
P/S	2.62
P/B	2.66
P/C	221.41
P/FCF	-
EV/EBITDA	20.91
EV/Sales	2.92
Quick Ratio	1.39
Current Ratio	2.45
Debt/Eq	0.31
LT Debt/Eq	0.31
Option/Short	Yes / Yes

EPS (ttm)	0.22
EPS next Y	0.57
EPS next Q	0.13
EPS this Y	22.42%
EPS next Y	30.21%
EPS next 5Y	22.06%
EPS past 3/5Y	-36.02% -1.10%
Sales past 3/5Y	13.29% 22.05%
EPS Y/Y TTM	13.12%
Sales Y/Y TTM	49.21%
EPS Q/Q	49.15%
Sales Q/Q	43.82%
Earnings	Nov 04 BMO
EPS/Sales Surpr.	14.29% 20.72%

Insider Own	1.94%
Insider Trans	-1.93%
Inst Own	112.65%
Inst Trans	-3.36%
ROA	4.13%
ROE	6.16%
ROIC	4.51%
Gross Margin	29.19%
Oper. Margin	11.24%
Profit Margin	5.84%
SMA20	26.37%
SMA50	30.31%
SMA200	19.17%
Trades

Shs Outstand	168.47M
Shs Float	165.20M
Short Float	10.18%
Short Ratio	3.31
Short Interest	16.82M
52W High	13.18 -23.52%
52W Low	5.43 85.64%
Volatility	13.47% 7.87%
ATR (14)	0.71
RSI (14)	71.39
Beta	1.74
Rel Volume	2.18
Avg Volume	5.08M
Volume	11,044,451

Perf Week	40.00%
Perf Month	19.71%
Perf Quarter	17.76%
Perf Half Y	14.03%
Perf YTD	18.59%
Perf Year	10.16%
Perf 3Y	-35.59%
Perf 5Y	-68.80%
Perf 10Y	-
Recom	1.87
Target Price	11.32
Prev Close	8.99
Price	10.08
Change %	12.06%

Consensus

Buy

Avg. Price Target

$11.32

Implied Upside

+12.3%

Analysts14incl. previous ratings

Rating Distribution6 Buy · 8 Hold · 0 Sell

Date	Action	Analyst	Rating Change	Price Target Change	Implied Upside
Feb 25, 2026	Upgrade	BBNP Paribas Exane	Underperform → Neutral	$9	-10.7%
Dec 16, 2025	Downgrade	MMorgan Stanley	Overweight → Equal-Weight	$9.50	-5.8%
Oct 22, 2025	Initiated	NNeedham	Buy	$12	+19.0%
Oct 02, 2025	Upgrade	BBarclays	Equal Weight → Overweight	$10	-0.8%
Aug 07, 2025	Upgrade	RRoth Capital	Neutral → Buy	$10	-0.8%
Jul 14, 2025	Downgrade	MMizuho	Outperform → Neutral	$7	-30.6%
Jul 07, 2025	Upgrade	JJefferies	Hold → Buy	$7.20	-28.6%
May 15, 2025	Downgrade	BBNP Paribas Exane	Neutral → Underperform	$4	-60.3%
Feb 18, 2025	Initiated	WWolfe Research	Peer Perform
Dec 17, 2024	Upgrade	MMorgan Stanley	Equal-Weight → Overweight	$7	-30.6%
Nov 25, 2024	Initiated	BBofA Securities	Buy	$6	-40.5%
Nov 13, 2024	Reiterated	TTD Cowen	Buy	$9.50 → $11	+9.1%
Oct 14, 2024	Initiated	WWells Fargo	Equal Weight	$46	+356.3%
Oct 03, 2024	Upgrade	CCitigroup	Sell → Neutral	$5 → $5.50	-45.4%
Sep 04, 2024	Initiated	JJefferies	Hold	$5	-50.4%
Aug 07, 2024	Downgrade	EExane BNP Paribas	Outperform → Neutral	$15 → $7	-30.6%
Jul 02, 2024	Downgrade	CCitigroup	Buy → Sell	$15 → $5	-50.4%
May 08, 2024	Reiterated	TTD Cowen	Buy	$15 → $11	+9.1%
May 08, 2024	Downgrade	RROTH MKM	Buy → Neutral	$15 → $8	-20.6%
Feb 29, 2024	Reiterated	TTD Cowen	Outperform	$30 → $22	+118.3%

Nov-06-26 10:12AM	Major Solar Power, Energy Storage Companies Merge in All-Stock Deal (POWER Magazine) +12.06%
Nov-05-26 02:37AM	ARRAY Technologies and Shoals to merge in stock-for-stock deal (Power Technology)
Nov-04-26 11:08PM	Array Technologies to merge with Shoals in $1 billion deal, combining solar suppliers (Albuquerque Journal, N.M.) +8.15%
01:12PM	Shoals Crushes Q3 Estimates And Raises 2026 Outlook, But The Array Merger Now Defines The Investment Case (Earnings Whispers)
07:31AM	Shoals Technologies: Q3 Earnings Snapshot (Associated Press)
07:01AM	Loading…
07:01AM	Shoals Technologies Group, Inc. Reports Financial Results for Third Quarter 2026 (GlobeNewswire)
07:00AM	ARRAY Technologies and Shoals Technologies Group Announce Transformative Merger, Creating an Integrated Energy Infrastructure Platform (GlobeNewswire)
Oct-27-26 02:39PM	Shoals Faces A Cash And Conversion Test As Record Backlog Meets A Sliding Stock (Earnings Whispers)
Oct-19-26 07:00AM	Shoals Technologies Group, Inc. Announces Third Quarter 2026 Earnings Release Date and Conference Call (GlobeNewswire)
Oct-13-26 08:54AM	Oppenheimer Lists Top Power Technology Stocks Amid Rising Costs, Policy Shifts (Investing.com)
Oct-05-26 04:03PM	Top power technology stocks for selective trading, says Oppenheimer (Investing.com)
Aug-26-26 01:43PM	Shoals Technologies Group Prevails in Patent Infringement Case Against Voltage in North Carolina (GlobeNewswire) +6.10%
Aug-18-26 08:46AM	Shoals and ON.energy Advance U.S. Manufacturing for the Nation's Largest 1.1 GW Grid-Connected Battery Project at Hyperscale Data Center (GlobeNewswire) -6.68%
Aug-04-26 03:01PM	Shoals Technologies Group Inc (SHLS) (Q2 2026) Earnings Call Highlights: Record Backlog and ... (GuruFocus.com)
07:17AM	Shoals Technologies: Q2 Earnings Snapshot (Associated Press)
07:00AM	Loading…
07:00AM	Shoals Technologies Group, Inc. Reports Financial Results for Second Quarter 2026 (GlobeNewswire)
Aug-03-26 09:26AM	Earnings To Watch: Shoals Technologies Group Inc (SHLS) Q2 2026 -- GF Value Sees 30% Upside (GuruFocus.com) +7.21%
08:00AM	Shoals Technologies Group and TerraFlow Energy Forge Multi-Gigawatt Partnership to Advance the Future of Energy Storage (GlobeNewswire)
Jul-30-26 07:00AM	Shoals Technologies Group, Inc. Announces Participation in Upcoming Events for the Investor Community (GlobeNewswire) +12.09%
Jul-08-26 07:00AM	Shoals Technologies Group, Inc. Announces Second Quarter 2026 Earnings Release Date and Conference Call (GlobeNewswire)
Jun-25-26 06:57PM	Shoals Technologies Group Secures ITC Victory Upholding American Intellectual Property (GlobeNewswire) -8.72%
May-19-26 10:10AM	Shoals Technologies Group, Inc. Opens New Tennessee Mega Facility to Support American Manufacturing and the Future of Energy Infrastructure (GlobeNewswire)
May-05-26 07:17AM	Shoals Technologies: Q1 Earnings Snapshot (Associated Press)
07:00AM	Shoals Technologies Group, Inc. Reports Financial Results for First Quarter 2026 (GlobeNewswire)
May-04-26 09:21AM	Shoals Technologies Group Inc (SHLS) Q1 2026 Earnings Report Preview: What To Look For (GuruFocus.com)
Apr-21-26 06:00PM	Shoals Technologies Group, Inc. Announces Participation in Upcoming Events for the Investor Community (GlobeNewswire) +9.17%
Apr-09-26 06:42PM	Did Shoals Technologies Group Inc. Insiders Breach their Fiduciary Duties to Shareholders? (PR Newswire)
07:00AM	Shoals Technologies Group, Inc. Announces First Quarter 2026 Earnings Release Date and Conference Call (GlobeNewswire)
Mar-30-26 04:30PM	Shoals Technologies Group, Inc. Announces BESS Virtual Webinar with Barclays (GlobeNewswire) -5.59% +5.28%
Mar-10-26 12:26PM	Why UBS Still Sees Long-Term Upside in Shoals (SHLS) Despite Margin Pressure (Insider Monkey) +9.04%
06:20AM	Loading…
Mar-06-26 06:20AM	Is Shoals Technologies Group, Inc. (SHLS) The Cheap Solar Stock to Buy Now? (Insider Monkey)
01:50AM	Shoals Technologies Group, Inc. (SHLS) Partners with ON.energy for AI Data Center Opportunities Backed by Record Backlog (Insider Monkey)
Feb-27-26 07:18PM	Solar Stocks Crashed This Week. Why the Problems Could Last. (Barrons.com) -6.61%
Feb-26-26 12:28PM	What's Going On With Shoals Technologies Shares On Thursday? (Benzinga) -7.30%
Feb-24-26 07:09PM	CORRECTED PRESS RELEASE: Shoals Technologies Group, Inc. Reports Financial Results for Fourth Quarter 2025 (GlobeNewswire) -30.96%
06:49PM	Analyst Report: Shoals Technologies Group, Inc. (Morningstar Research)
04:48PM	Stock Market Today: Dow, Nasdaq End In Recovery Mode; AMD Jumps, Energy Name Powers Up (Live Coverage) (Investor's Business Daily)
02:01PM	Shoals Technologies Group Q4 Earnings Call Highlights (MarketBeat)
02:00PM	Shoals Technologies Group Inc (SHLS) Q4 2025 Earnings Call Highlights: Record Revenue Growth ... (GuruFocus.com)
01:33PM	Stock Market Today: Dow, S&P 500 Rally After Rout; Electronics Name Explodes Higher (Live Coverage) (Investor's Business Daily)
09:40AM	Shoals Technologies Group (SHLS) Lags Q4 Earnings Estimates (Zacks)
07:36AM	Shoals Technologies: Q4 Earnings Snapshot (Associated Press Finance)
07:19AM	Shoals (NASDAQ:SHLS) Posts Better-Than-Expected Sales In Q4 CY2025 But Stock Drops 10.8% (StockStory)
07:00AM	Shoals Technologies Group, Inc. Reports Financial Results for Fourth Quarter 2025 (GlobeNewswire)
07:00AM	Shoals Technologies Group and ON.energy to Deploy Critical-Power Systems for Leading AI Data-Center Operator (GlobeNewswire)
Feb-23-26 07:22AM	Shoals Technologies Group Inc (SHLS) Q4 2025 Earnings Report Preview: What To Expect (GuruFocus.com) -6.69%
Feb-22-26 10:15PM	Shoals (SHLS) Reports Q4: Everything You Need To Know Ahead Of Earnings (StockStory)
Feb-20-26 11:00AM	Nvidia Stock, After Big Meta Chip News, Sets Up Ahead Of Quarterly Earnings Report (Investor's Business Daily)
Feb-08-26 11:33PM	1 Unpopular Stock That Should Get More Attention and 2 We Brush Off (StockStory)
Feb-06-26 04:24PM	Shoals Technologies Group Secures Key Initial Win with the ITC to Protect U.S. Energy Innovation (GlobeNewswire) +6.63%
04:20PM	Shoals, Generac, Comfort Systems, Quanta, and Dycom Shares Skyrocket, What You Need To Know (StockStory)
07:00AM	Shoals Technologies Group, Inc. Announces Participation in Upcoming Events for the Investor Community (GlobeNewswire)
Feb-03-26 11:04PM	3 Reasons to Avoid SHLS and 1 Stock to Buy Instead (StockStory) +7.40%
Jan-23-26 07:00AM	Shoals Technologies Group, Inc. Announces Fourth Quarter and Full Year 2025 Earnings Release Date and Conference Call (GlobeNewswire)
Jan-20-26 02:11PM	Policy Noise Eases, Fundamentals Drive Solar's Next Leg (Benzinga)
Dec-28-25 10:35PM	Q3 Earnings Highs And Lows: Shoals (NASDAQ:SHLS) Vs The Rest Of The Renewable Energy Stocks (StockStory)
Dec-24-25 11:30AM	HALPER SADEH LLC ENCOURAGES SHOALS TECHNOLOGIES GROUP INC. SHAREHOLDERS TO CONTACT THE FIRM TO DISCUSS THEIR RIGHTS (PR Newswire)
Dec-22-25 04:22PM	Why Is Shoals (SHLS) Stock Rocketing Higher Today (StockStory)
Dec-21-25 04:40AM	Best EV Infrastructure Stocks With Strong Growth Potential, According to WarrenAI (Investing.com)
Dec-17-25 03:41PM	Why Shoals (SHLS) Shares Are Sliding Today (StockStory)
Dec-16-25 02:05PM	Shoals (SHLS) Stock Trades Down, Here Is Why (StockStory)
Dec-11-25 07:14PM	Analyst Report: Shoals Technologies Group, Inc. (Morningstar Research) +11.51% -7.72%
Dec-10-25 08:15PM	Analyst Report: Shoals Technologies Group, Inc. (Morningstar Research) +6.44%
Dec-04-25 11:37PM	3 Industrials Stocks We're Skeptical Of (StockStory)
Dec-01-25 06:44PM	Analyst Report: Shoals Technologies Group, Inc. (Morningstar Research) -6.67%
Nov-28-25 08:53PM	Analyst Report: Shoals Technologies Group, Inc. (Morningstar Research)
Nov-21-25 06:36AM	1 of Wall Street's Favorite Stock to Own for Decades and 2 Facing Challenges (StockStory)
Nov-20-25 06:56PM	Analyst Report: Shoals Technologies Group, Inc. (Morningstar Research) -7.79%
Nov-09-25 07:33AM	Shoals Technologies Group Inc. (SHLS) Gains Momentum on Clean Energy Demand (Insider Monkey)
Nov-05-25 07:52PM	Shoals Technologies Group, Inc. Appoints Accomplished Finance Leader, David Van Bibber as Chief Accounting Officer (GlobeNewswire)
Nov-04-25 04:04PM	Shoals Technologies Group Inc (SHLS) Q3 2025 Earnings Call Highlights: Record Revenue and ... (GuruFocus.com) -10.64%
03:52PM	Analyst Report: Shoals Technologies Group, Inc. (Morningstar Research)
11:56AM	Why Shoals (SHLS) Shares Are Falling Today (StockStory)
08:25AM	Shoals Technologies Group (SHLS) Matches Q3 Earnings Estimates (Zacks)
07:26AM	Shoals (NASDAQ:SHLS) Exceeds Q3 Expectations But Stock Drops 16.8% (StockStory)
07:25AM	Shoals Technologies: Q3 Earnings Snapshot (Associated Press Finance)
07:00AM	Shoals Technologies Group, Inc. Reports Financial Results for Third Quarter 2025 (GlobeNewswire)
Nov-03-25 07:37AM	What To Expect From Shoals Technologies Group Inc (SHLS) Q3 2025 Earnings (GuruFocus.com)
Nov-02-25 10:08PM	Shoals (SHLS) Q3 Earnings Report Preview: What To Look For (StockStory)
Oct-28-25 05:25PM	Enphase Energy (ENPH) Tops Q3 Earnings and Revenue Estimates (Zacks)
Oct-27-25 11:20AM	Halper Sadeh LLC Encourages Shoals Technologies Group Inc. Shareholders to Contact the Firm to Discuss Their Rights (Business Wire)
Oct-23-25 05:30PM	Nextracker (NXT) Q2 Earnings and Revenues Beat Estimates (Zacks)
07:00AM	Shoals Technologies Group, Inc. Announces Participation in Upcoming Events for the Investor Community (GlobeNewswire)
Oct-20-25 12:37AM	2 Stocks Under $50 on Our Buy List and 1 We Turn Down (StockStory) +5.93%
Oct-13-25 05:30PM	Shoals, Kadant, WESCO, Primoris, and FTAI Infrastructure Shares Are Soaring, What You Need To Know (StockStory) +5.59% +9.51%
Oct-10-25 12:22PM	3 Unpopular Stocks That Concern Us (StockStory)
Oct-09-25 12:01AM	Shoals (SHLS): Buy, Sell, or Hold Post Q2 Earnings? (StockStory)
Oct-07-25 07:00AM	Shoals Technologies Group, Inc. Announces Third Quarter 2025 Earnings Release Date and Conference Call (GlobeNewswire)
Oct-03-25 08:44AM	Shoals Technologies (SHLS) Surges 12.4%: Is This an Indication of Further Gains? (Zacks)
Oct-02-25 07:04PM	Analyst Report: Shoals Technologies Group, Inc. (Morningstar Research) +12.36%
12:49PM	Barclays upgrades Shoals Technologies on battery storage and data center demand (Investing.com)
11:36AM	Why Shoals (SHLS) Stock Is Trading Up Today (StockStory)
Oct-01-25 12:20PM	Shoals (SHLS) Shares Skyrocket, What You Need To Know (StockStory) +7.02%
Sep-26-25 07:15PM	Morningstar \| A Weekly Summary of Stock Ideas and Developments in the Companies We Cover (Morningstar Research)
12:00PM	Shoals Technologies Group (SHLS) is a Great Momentum Stock: Should You Buy? (Zacks)
Sep-24-25 11:35PM	Q2 Earnings Highlights: Shoals (NASDAQ:SHLS) Vs The Rest Of The Renewable Energy Stocks (StockStory) +6.94%
04:05PM	Why Is Shoals (SHLS) Stock Rocketing Higher Today (StockStory)
09:40AM	Are Oils-Energy Stocks Lagging HF Sinclair (DINO) This Year? (Zacks)
Sep-21-25 09:19PM	Shoals Technologies Group, Inc. (SHLS) Receives a New U.S. Patent for Its Big Lead Assembly (BLA) Wiring Solution for Solar Installations (Insider Monkey)
Sep-18-25 07:05PM	Shoals, Kennametal, Janus, SPX Technologies, and Regal Rexnord Shares Skyrocket, What You Need To Know (StockStory)

Show Previous News

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
King Bobbie Lee Jr	Chief Legal Officer	Jun 16 '26	Sale	10.41	10,000	104,100	98,918	Jun 16 09:22 PM
Bobbie King	Officer	Jun 16 '26	Proposed Sale	10.35	10,000	103,549		Jun 16 04:47 PM
Bardos Dominic	Chief Financial Officer	May 08 '26	Sale	8.48	54,449	461,728	394,979	May 08 05:33 PM
ARPAD DOMINIC BARDOS	Officer	May 08 '26	Proposed Sale	8.45	54,449	460,021		May 08 04:03 PM
Bardos Dominic	Chief Financial Officer	Dec 05 '25	Sale	7.83	4,170	32,651	412,289	Dec 05 06:56 PM
TOLNAR JEFFERY	President	Dec 05 '25	Sale	7.85	2,450	19,232	249,561	Dec 05 06:55 PM
ARPAD DOMINIC BARDOS	Officer	Dec 05 '25	Proposed Sale	7.78	4,170	32,430		Dec 05 05:13 PM
JEFFERY TOLNAR	Officer	Dec 05 '25	Proposed Sale	7.80	2,450	19,109		Dec 05 05:02 PM

Shoals Technologies Group, Inc. is a design-engineering company and manufacturer of advanced electrical infrastructure solutions for mission-critical applications across solar photovoltaic (PV), BESS, and data center power systems. Its products include Solar Big Lead Assembly Solutions, Homeruns, Interconnection & Extension Solutions, Combiners and Re-Combiners, Load Break Disconnects and Transition Solutions, Solar OEM Components, Cable Management Solutions, Battery Energy Storage Solutions and Data Center Solutions. The company was founded by Dean Solon in November 1996 and is headquartered in Portland, TN.

PresidentMr. Jeffery Tolnar

Chief Legal Officer & Corporate SecretaryMr. Bobbie L. King Jr.

Chief Operations OfficerMs. Kirsten Moen

Chief Accounting OfficerMr. David Sean Van Bibber

Vice President of Finance & Investor RelationsMr. Matthew Tractenberg

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SHLS

Shoals Technologies Group Inc

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