SHLS Stock Price, Shoals Technologies Group, . Quote, Chart

Market Summary

USD8.49+0.03

Market Closed

0.35%

SHLS Stock Price

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SHLS RSI Chart

SHLS Valuation

Market Cap

1.4B

Price/Earnings (Trailing)

33.73

Price/Sales (Trailing)

2.85

Price/Free Cashflow

17.13

SHLS Price/Sales (Trailing)

SHLS Profitability

Operating Margin

34.42%

Return on Equity

7.58%

Return on Assets

4.9%

Free Cashflow Yield

5.84%

SHLS Fundamentals

SHLS Revenue

Revenue (TTM)

488.9M

SHLS Earnings

Earnings (TTM)

41.3M

Breaking Down SHLS Revenue

Last 7 days

2.5%

Last 30 days

-28.0%

Last 90 days

-36.8%

Trailing 12 Months

-60.7%

How does SHLS drawdown profile look like?

SHLS Financial Health

Current Ratio

2.45

SHLS Investor Care

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	364.1M	409.8M	453.2M	488.9M
2022	235.6M	249.4M	280.3M	326.9M
2021	180.4M	196.7M	203.9M	213.2M
2020	152.3M	160.0M	167.8M	175.5M
2019	0	0	0	144.5M

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Tracking the Latest Insider Buys and Sells of Shoals Technologies Group, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 31, 2024	tolnar jeffery	sold (taxes)	-15,819	11.18	-1,415	president
Mar 08, 2024	peetz mehgan	sold	-41,206	13.04	-3,160	general counsel
Mar 08, 2024	lund inez	sold	-25,317	13.05	-1,940	chief accounting officer
Mar 08, 2024	tolnar jeffery	sold	-35,860	13.04	-2,750	president
Feb 27, 2024	bardos dominic	acquired	-	-	50,910	chief financial officer
Feb 27, 2024	tolnar jeffery	acquired	-	-	38,987	president
Feb 27, 2024	lund inez	acquired	-	-	6,661	chief accounting officer
Feb 27, 2024	peetz mehgan	acquired	-	-	35,121	general counsel
Feb 27, 2024	moss brandon	acquired	-	-	142,950	chief executive officer
Jan 29, 2024	peetz mehgan	sold (taxes)	-67,013	13.86	-4,835	general counsel

Which funds bought or sold SHLS recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	RATIONAL ADVISORS LLC	sold off	-100	-9,821	-	-%
Apr 23, 2024	Aquila Investment Management LLC	sold off	-100	-310,800	-	-%
Apr 23, 2024	FIFTH THIRD BANCORP	added	10,150	11,305	11,460	-%
Apr 23, 2024	Global Retirement Partners, LLC	reduced	-35.82	-4,100	4,908	-%
Apr 23, 2024	AMALGAMATED BANK	reduced	-76.23	-317,000	65,000	-%
Apr 22, 2024	RAYMOND JAMES & ASSOCIATES	reduced	-23.31	-1,196,080	1,472,350	-%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	-245,613	1,408,420	0.01%
Apr 19, 2024	Sumitomo Mitsui Trust Holdings, Inc.	reduced	-0.81	-1,678,830	4,182,670	-%
Apr 18, 2024	Allspring Global Investments Holdings, LLC	reduced	-70.04	-15,610,300	4,288,840	0.01%
Apr 18, 2024	Park Place Capital Corp	new	-	2,605	2,605	-%

Are Funds Buying or Selling SHLS?

Are funds buying SHLS calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own SHLS

No. of Funds

Unveiling Shoals Technologies Group, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	9.62%	16,360,439	SC 13G/A
Feb 09, 2024	clearbridge investments, llc	5.3%	8,976,984	SC 13G
Feb 08, 2024	wellington management group llp	7.59%	12,910,322	SC 13G
Jan 23, 2024	blackrock inc.	12.7%	21,540,815	SC 13G/A
Mar 10, 2023	solon dean	2.2%	3,737,747	SC 13D/A
Feb 13, 2023	capital world investors	0.0%	0	SC 13G/A
Feb 10, 2023	clearbridge investments, llc	4.6%	6,395,117	SC 13G/A
Feb 09, 2023	vanguard group inc	6.81%	9,391,069	SC 13G/A
Feb 08, 2023	invesco ltd.	3.5%	4,838,797	SC 13G/A
Jan 23, 2023	blackrock inc.	10.2%	13,176,074	SC 13G/A

Recent SEC filings of Shoals Technologies Group, Inc.

View All Filings

Date Filed	Form Type	Document
Apr 02, 2024	4	Insider Trading
Mar 22, 2024	8-K	Current Report
Mar 22, 2024	ARS	ARS
Mar 22, 2024	DEF 14A	DEF 14A
Mar 22, 2024	DEFA14A	DEFA14A
Mar 12, 2024	PRE 14A	PRE 14A
Mar 11, 2024	4	Insider Trading
Mar 11, 2024	4	Insider Trading
Mar 11, 2024	4	Insider Trading
Mar 08, 2024	144	Notice of Insider Sale Intent

Peers (Alternatives to Shoals Technologies Group, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
FSLR	19.0B	3.3B	14.67%	-15.70%	22.83	5.71	26.70%	1981.03%
ENPH	14.5B	1.8B	-3.49%	-51.42%	52.47	7.92	-30.11%	-43.96%
MID-CAP
SEDG	3.3B	3.0B	-9.62%	-81.29%	96.28	1.11	-4.30%	-63.39%
RUN	2.2B	2.3B	-7.99%	-53.02%	-1.37	0.97	-2.65%	-1025.44%
SMALL-CAP
BEEM	91.4B	67.4M	-5.65%	-34.84%	-5.7K	1.4K	86.60%	18.40%
ARRY	1.9B	1.6B	-11.38%	-41.84%	13.48	1.17	-3.72%	2996.57%
SHLS	1.4B	488.9M	-27.99%	-60.66%	33.73	2.85	49.55%	-68.23%
SPWR	340.2M	1.8B	-24.51%	-86.03%	-3.38	0.22	14.74%	-307.59%
FTCI	56.5M	127.0M	-6.25%	-82.56%	-1.12	0.45	3.20%	49.51%
SUNW	1.7M	154.9M	-	-97.50%	-0.02	0.01	10.63%	-80.26%
ASTI	341.4K	458.3K	-76.92%	-60.87%	-0.02	0.75	-62.52%	13.59%

Shoals Technologies Group, Inc. News

Latest updates

Shoals Technologies Group, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																	(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4
Revenue	-2.8%	130	134	119	105	95.00	91.00	73.00	68.00	48.00	60.00	60.00	46.00	39.00	53.00	43.00	41.00	-
Cost Of Revenue	-37.5%	75.00	120	69.00	57.00	54.00	55.00	45.00	42.00	32.00	38.00	34.00	27.00	24.00	32.00	27.00	27.00	-
Gross Profit	291.4%	55.00	14.00	51.00	48.00	40.00	36.00	29.00	26.00	16.00	22.00	26.00	19.00	15.00	21.00	17.00	14.00	-
Operating Expenses	-4.9%	24.00	25.00	19.00	22.00	17.00	16.00	16.00	16.00	13.00	12.00	12.00	9.00	8.00	6.00	11.00	5.00	-
S&GA Expenses	-4.9%	21.00	23.00	17.00	20.00	15.00	14.00	13.00	14.00	11.00	10.00	10.00	7.00	6.00	4.00	9.00	3.00	-
EBITDA Margin	-	-	-	-	-	-	-	0.11*	0.12*	0.13*	-	-	-	-	-	-	-	-
Interest Expenses	-3.4%	6.00	6.00	7.00	6.00	6.00	5.00	4.00	4.00	4.00	4.00	4.00	4.00	3.00	0.00	0.00	0.00	-
Income Taxes	244.4%	10.00	-6.64	6.00	3.00	4.00	2.00	2.00	2.00	3.00	-1.31	-0.34	-1.47	-	-	-	-	-
EBT Margin	-	-	-	-	-	-	-	0.02*	0.02*	0.02*	-	-	-	-	-	-	-	-
Net Income	255.1%	15.00	-9.83	19.00	17.00	110	8.00	7.00	5.00	-0.06	2.00	9.00	-11.01	4.00	15.00	5.00	9.00	-
Net Income Margin	-71.9%	0.08*	0.30*	0.38*	0.39*	0.40*	0.07*	0.06*	0.07*	0.00*	0.17*	0.17*	0.19*	0.19*	0.15*	0.16*	0.17*	0.17*
Free Cashflow	-3.7%	24.00	24.00	26.00	8.00	34.00	12.00	18.00	-26.74	1.00	7.00	3.00	-18.64	16.00	18.00	0.00	17.00	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet													(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4
Assets	0.5%	844	840	819	809	595	530	497	474	426	383	274	252	195
Current Assets	6.0%	227	214	200	183	154	183	156	138	93.00	109	92.00	70.00	56.00
Cash Equivalents	146.2%	23.00	9.00	6.00	6.00	9.00	11.00	10.00	3.00	5.00	14.00	13.00	4.00	10.00
Inventory	-13.4%	53.00	61.00	68.00	74.00	73.00	81.00	65.00	49.00	38.00	28.00	21.00	21.00	15.00
Net PPE	9.0%	25.00	23.00	20.00	18.00	17.00	17.00	17.00	16.00	16.00	14.00	14.00	13.00	13.00
Goodwill	0%	70.00	70.00	70.00	70.00	70.00	70.00	70.00	69.00	69.00	69.00	50.00	50.00	50.00
Liabilities	-5.2%	299	316	289	303	294	507	488	476	434	394	308	295	379
Current Liabilities	9.7%	93.00	84.00	77.00	65.00	53.00	70.00	55.00	39.00	32.00	36.00	27.00	25.00	24.00
Shareholder's Equity	3.9%	545	525	529	506	291	23.00	8.00	8.00	3.00	1.00	-	-	-
Retained Earnings	28.7%	74.00	58.00	68.00	49.00	34.00	-78.13	-86.09	-90.49	-93.13	-91.30	-93.78	-98.34	-
Additional Paid-In Capital	0.8%	471	467	462	457	257	105	101	98.00	96.00	92.00	79.00	78.00	-
Shares Outstanding	1.2%	164	162	158	146	114	113	112	112	99.00	96.00	94.00	94.00	-
Minority Interest	-	-	-	-	-	10.00	-3.74	-6.71	-9.33	-10.05	-11.98	-19.82	-22.59	-
Float	-	-	-	3,800	-	-	-	1,500	-	-	-	2,141	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																	(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4
Cashflow From Operations	-4.4%	26,447	27,674	27,921	9,913	34,441	11,757	19,116	-25,859	2,596	7,435	3,665	-17,779	15,967	19,187	990	17,938	-
Share Based Compensation	-25.3%	3,802	5,092	4,445	7,523	4,221	3,991	4,065	3,831	4,882	2,232	2,780	1,392	1,032	515	6,704	-	-
Cashflow From Investing	16.9%	-2,936	-3,534	-2,374	-2,003	-761	-747	-1,267	-882	-1,643	-13,656	-873	-863	-450	-1,441	-550	-795	-
Cashflow From Financing	51.7%	-10,028	-20,776	-26,147	-10,216	-56,530	-3,196	-7,128	30,265	-5,585	7,239	6,152	12,796	-14,689	-22,805	-33,272	22,911	-

SHLS Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($) $ in Thousands	11 Months Ended	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue		$ 488,939	$ 326,940	$ 213,212
Cost of revenue		320,635	195,629	130,567
Gross profit		168,304	131,311	82,645
Operating expenses
General and administrative expenses		80,719	55,908	37,893
Depreciation and amortization		8,550	9,073	8,520
Total operating expenses		89,269	64,981	46,413
Income from operations		79,035	66,330	36,232
Interest expense, net		(24,100)	(18,538)	(14,549)
Payable pursuant to the tax receivable agreement adjustment		0	(6,675)	(1,663)
Gain on termination of tax receivable agreement		0	110,883	0
Loss on debt repayment		0	0	(15,990)
Income before income taxes		54,935	152,000	4,030
Income tax expense		(12,274)	(8,987)	(86)
Net income		42,661	143,013	3,944
Less: net income attributable to non-controlling interests		2,687	15,402	1,596
Net income attributable to Shoals Technologies Group, Inc.		$ 39,974	$ 127,611	$ 2,348
Earnings (Loss) per share of Class A common stock:
Basic (in USD per share)	$ (0)	$ 0.24	$ 1.11
Diluted (in USD per share)	$ (0)	$ 0.24	$ 0.85
Weighted average shares of Class A common stock outstanding:
Basic (in shares)	99,269,000	164,165,000	114,495,000
Diluted (in shares)	99,269,000	164,504,000	167,631,000
Class A Common Stock
Earnings (Loss) per share of Class A common stock:
Basic (in USD per share)	$ (0.00)	$ 0.24	$ 1.11
Diluted (in USD per share)	$ (0.00)	$ 0.24	$ 0.85
Weighted average shares of Class A common stock outstanding:
Basic (in shares)	99,269,000	164,165,000	114,495,000
Diluted (in shares)	99,269,000	164,504,000	167,631,000

SHLS Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current Assets
Cash and cash equivalents	$ 22,707	$ 8,766
Accounts receivable, net	107,118	50,575
Unbilled receivables	40,136	16,713
Inventory, net	52,804	72,854
Other current assets	4,421	4,632
Total Current Assets	227,186	153,540
Property, plant and equipment, net	24,836	16,870
Goodwill	69,941	69,941
Other intangible assets, net	48,668	56,585
Deferred tax assets	468,195	291,634
Other assets	5,167	6,325
Total Assets	843,993	594,895
Current Liabilities
Accounts payable	14,396	9,481
Accrued expenses and other	22,907	17,322
Warranty liability—current portion	31,099	560
Deferred revenue	22,228	23,259
Long-term debt—current portion	2,000	2,000
Total Current Liabilities	92,630	52,622
Revolving line of credit	40,000	48,000
Long-term debt, less current portion	139,445	189,063
Warranty liability, less current portion	23,815	0
Other long-term liabilities	3,107	4,221
Total Liabilities	298,997	293,906
Commitments and Contingencies (Note 16)
Stockholders’ Equity
Preferred stock, $0.00001 par value - 5,000,000 shares authorized; none issued and outstanding as of December 31, 2023 and 2022	0	0
Additional paid-in capital	470,542	256,894
Accumulated earnings	74,452	34,478
Total stockholders’ equity attributable to Shoals Technologies Group, Inc.	544,996	291,374
Non-controlling interests	0	9,615
Total stockholders' equity	544,996	300,989
Total Liabilities and Stockholders’ Equity	843,993	594,895
Class A Common Stock
Stockholders’ Equity
Common stock	2	1
Class B Common Stock
Stockholders’ Equity
Common stock	$ 0	$ 1

About Shoals Technologies Group, Inc.

Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions and components for solar, battery energy, and electric vehicle charging applications in the United States. It produces EBOS components, including cable assemblies, inline fuses, combiners, disconnects, recombiners, wireless monitoring systems, junction boxes, transition enclosures, splice boxes, and wire management solutions. It sells its products principally to engineering, procurement, and construction firms that build solar energy projects. Shoals Technologies Group, Inc. was founded in 1996 and is headquartered in Portland, Tennessee.

WEBSITE	shoals.com
INDUSTRY	Solar
EMPLOYEES	835

Shoals Technologies Group, Inc. Frequently Asked Questions

What is the ticker symbol for Shoals Technologies Group, Inc.? What does SHLS stand for in stocks?

SHLS is the stock ticker symbol of Shoals Technologies Group, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Shoals Technologies Group, Inc. (SHLS)?

As of Wed Apr 24 2024, market cap of Shoals Technologies Group, Inc. is 1.39 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SHLS stock?

You can check SHLS's fair value in chart for subscribers.

What is the fair value of SHLS stock?

You can check SHLS's fair value in chart for subscribers. The fair value of Shoals Technologies Group, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Shoals Technologies Group, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SHLS so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Shoals Technologies Group, Inc. a good stock to buy?

The fair value guage provides a quick view whether SHLS is over valued or under valued. Whether Shoals Technologies Group, Inc. is cheap or expensive depends on the assumptions which impact Shoals Technologies Group, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SHLS.

What is Shoals Technologies Group, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Apr 24 2024, SHLS's PE ratio (Price to Earnings) is 33.73 and Price to Sales (PS) ratio is 2.85. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SHLS PE ratio will change depending on the future growth rate expectations of investors.