Shoals Technologies Group (SHLS) Stock Price, News & Analysis

Company Overview

Shoals Technologies Group Inc. is a leading designer and manufacturer of electrical balance-of-system (EBOS) products for solar photovoltaic (PV) installations. The company’s portfolio includes combiner boxes, junction boxes, cable assemblies, wiring harnesses and rapid shutdown devices, all aimed at simplifying system installation, reducing field labor and improving safety. Shoals’ plug-and-play products are engineered to withstand harsh environmental conditions and meet rigorous industry standards, supporting projects ranging from utility-scale solar farms to commercial and industrial rooftop arrays.

Founded in 1996 and headquartered in Portland, Tennessee, Shoals Technologies Group has expanded its manufacturing footprint across multiple facilities in the United States. Over the past two decades, the company has continuously invested in automation, quality control and proprietary testing processes to maintain high reliability and consistent performance. In 2021, Shoals completed its initial public offering on the NASDAQ under the symbol SHLS, marking a significant milestone in its growth trajectory and reinforcing its commitment to innovation in the renewable-energy sector.

With a customer base spanning North America, Europe, Asia-Pacific and Latin America, Shoals has established an international sales and distribution network. The company collaborates closely with EPC firms, PV module manufacturers and independent power producers to tailor solutions for diverse climate and regulatory environments. Shoals also offers field support services, system design consultations and training programs to ensure seamless integration of its products into large-scale solar projects.

Shoals is led by Chief Executive Officer David Nowlin, who joined the company in 2019 after holding senior roles in the renewable-energy and electronics industries. Under Nowlin’s leadership, Shoals has sharpened its focus on manufacturing efficiency, product innovation and strategic partnerships. The company’s senior management team brings deep expertise in engineering, supply-chain optimization and renewable-energy project development, positioning Shoals to capitalize on the accelerating global transition to solar power.

Key Stats

• Today's Range: $5.65 to $5.94
• 50-Day Range: $4.25 to $6.30
• 52-Week Range: $2.71 to $7.08
• Volume: 5.32 million shs
• Average Volume: 5.94 million shs
• Market Capitalization: $961.29 million
• P/E Ratio: 47.92
• Dividend Yield: N/A
• Price Target: $8.63
• Consensus Rating: Hold

Shoals Technologies Group Stock Analysis - MarketRank™

Shoals Technologies Group scored higher than 84% of companies evaluated by MarketBeat, and ranked 53rd out of 266 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.2 / 5
• Analyst Rating: Hold

Consensus Rating

Shoals Technologies Group has received a consensus rating of Hold. The company's average rating score is 2.39, and is based on 13 buy ratings, 6 hold ratings, and 4 sell ratings.

Amount of Analyst Coverage

Shoals Technologies Group has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 27.59%

Earnings Growth

Earnings for Shoals Technologies Group are expected to grow by 27.59% in the coming year, from $0.29 to $0.37 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Shoals Technologies Group is 47.92, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 26.26.

Price to Earnings Ratio vs. Sector

The P/E ratio of Shoals Technologies Group is 47.92, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 63.94.

Price to Earnings Growth Ratio

Shoals Technologies Group has a PEG Ratio of 0.79. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Shoals Technologies Group has a P/B Ratio of 1.72. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

13.56% of the float of Shoals Technologies Group has been sold short.

Short Interest Ratio / Days to Cover

Shoals Technologies Group has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Shoals Technologies Group has recently increased by 2.68%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Shoals Technologies Group does not currently pay a dividend.

Dividend Growth

Shoals Technologies Group does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

13.56% of the float of Shoals Technologies Group has been sold short.

Short Interest Ratio / Days to Cover

Shoals Technologies Group has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Shoals Technologies Group has recently increased by 2.68%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.69

News Sentiment

Shoals Technologies Group has a news sentiment score of 0.69. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Energy companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Shoals Technologies Group this week, compared to 7 articles on an average week.

Search Interest

6 people have searched for SHLS on MarketBeat in the last 30 days. This is an increase of 500% compared to the previous 30 days.

MarketBeat Follows

3 people have added Shoals Technologies Group to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Shoals Technologies Group insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.52% of the stock of Shoals Technologies Group is held by insiders.

SHLS Stock Analysis - Frequently Asked Questions

How have SHLS shares performed this year?

Shoals Technologies Group's stock was trading at $5.53 on January 1st, 2025. Since then, SHLS shares have increased by 4.0% and is now trading at $5.75.

How were Shoals Technologies Group's earnings last quarter?

Shoals Technologies Group, Inc. (NASDAQ:SHLS) released its quarterly earnings data on Tuesday, May, 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.02. The business's revenue for the quarter was down 11.2% on a year-over-year basis.
Read the conference call transcript.

When did Shoals Technologies Group IPO?

Shoals Technologies Group (SHLS) raised $1 billion in an IPO on Wednesday, January 27th 2021. The company issued 50,000,000 shares at $19.00-$21.00 per share. Goldman Sachs, J.P. Morgan, Guggenheim Securities and UBS Investment Bank acted as the underwriters for the IPO.

Who are Shoals Technologies Group's major shareholders?

Shoals Technologies Group's top institutional investors include Assenagon Asset Management S.A. (0.21%), Swedbank AB (0.16%), Viking Fund Management LLC (0.12%) and Wealth Enhancement Advisory Services LLC (0.02%). Insiders that own company stock include Dean Solon, Brandon Moss, Jason R Whitaker, Dominic Bardos, Jeffery Tolnar, Mehgan Peetz and Inez Lund.
View institutional ownership trends.

How do I buy shares of Shoals Technologies Group?

Shares of SHLS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Shoals Technologies Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Shoals Technologies Group investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), TotalEnergies (TTE) and Southern First Bancshares (SFST).

Company Calendar

• Last Earnings: 5/06/2025
• Today: 7/14/2025
• Next Earnings (Estimated): 8/05/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Energy
• Industry: Solar
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:SHLS
• CIK: 1831651
• Web: www.shoals.com
• Phone: 615-451-1400
• Fax: N/A
• Employees: 1,290
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Shoals Technologies Group: $8.63
• High Price Target: $46.00
• Low Price Target: $4.00
• Potential Upside/Downside: +50.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.39
• Research Coverage: 23 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.12
• Trailing P/E Ratio: 47.92
• Forward P/E Ratio: 19.83
• P/E Growth: 0.79
• Net Income: $24.13 million
• Net Margins: 4.90%
• Pretax Margin: 8.39%
• Return on Equity: 7.63%
• Return on Assets: 5.31%

Debt

• Debt-to-Equity Ratio: 0.25
• Current Ratio: 2.34
• Quick Ratio: 1.58

Sales & Book Value

• Annual Sales: $399.21 million
• Price / Sales: 2.41
• Cash Flow: $0.37 per share
• Price / Cash Flow: 15.34
• Book Value: $3.34 per share
• Price / Book: 1.72

Miscellaneous

• Outstanding Shares: 167,180,000
• Free Float: 166,306,000
• Market Cap: $961.29 million
• Optionable: Optionable
• Beta: 1.59