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

Market Summary

USD6.97+0.03

Delayedas of 13 May 2024, 11:54 am

0.43%

SHLS Alerts

Big fall in Revenue (Y/Y)

Big fall in earnings (Y/Y)

SHLS Stock Price

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SHLS RSI Chart

SHLS Valuation

Market Cap

1.2B

Price/Earnings (Trailing)

40.6

Price/Sales (Trailing)

2.49

Price/Free Cashflow

14.09

SHLS Price/Sales (Trailing)

SHLS Profitability

Operating Margin

32.97%

Return on Equity

5.25%

Return on Assets

3.53%

Free Cashflow Yield

7.09%

SHLS Fundamentals

SHLS Revenue

Revenue (TTM)

474.7M

Rev. Growth (Yr)

-13.59%

Rev. Growth (Qtr)

-30.38%

SHLS Earnings

Earnings (TTM)

29.1M

Earnings Growth (Yr)

-71.89%

Earnings Growth (Qtr)

-68.67%

Breaking Down SHLS Revenue

52 Week Range

6.8928.34

(Low)(High)

Last 7 days

-12.0%

Last 30 days

-27.5%

Last 90 days

-53.4%

Trailing 12 Months

-67.1%

How does SHLS drawdown profile look like?

SHLS Financial Health

Current Ratio

2.62

SHLS Investor Care

Shares Dilution (1Y)

16.31%

Diluted EPS (TTM)

0.18

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	474.7M	0	0	0
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

Get all data in R, Python etc through our Historical Stock Data APIs

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

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 02, 2024	julian robert k.	acquired	-	-	20,619	-
May 02, 2024	forth john bradford	acquired	-	-	32,074	-
May 02, 2024	volpe toni	acquired	-	-	20,619	-
May 02, 2024	sundberg lori s	acquired	-	-	20,619	-
May 02, 2024	mills jeannette m	acquired	-	-	20,619	-
May 02, 2024	daul ty p.	acquired	-	-	20,619	-
May 02, 2024	wilver peter m	acquired	-	-	20,619	-
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

Which funds bought or sold SHLS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 10, 2024	DIMENSIONAL FUND ADVISORS LP	added	20.46	-2,177,580	14,145,400	-%
May 10, 2024	WELLS FARGO & COMPANY/MN	reduced	-36.08	-1,161,000	988,390	-%
May 10, 2024	Edgestream Partners, L.P.	reduced	-40.12	-633,609	479,521	0.02%
May 10, 2024	CITIGROUP INC	added	862	5,229,540	6,111,730	-%
May 10, 2024	PNC Financial Services Group, Inc.	reduced	-12.7	-67,233	113,544	-%
May 10, 2024	CIBC Private Wealth Group, LLC	new	-	1,263	1,263	-%
May 10, 2024	VANGUARD GROUP INC	added	1.05	-69,416,700	184,825,000	-%
May 10, 2024	CREDIT SUISSE AG/	added	1.86	-1,452,440	3,983,400	-%
May 10, 2024	GROUP ONE TRADING, L.P.	added	227	186,382	323,538	-%
May 10, 2024	PRINCIPAL SECURITIES, INC.	reduced	-28.67	-2,111	2,225	-%

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
May 07, 2024	10-Q	Quarterly Report
May 07, 2024	8-K	Current Report
May 06, 2024	8-K	Current Report
May 03, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading

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	20.7B	3.6B	4.82%	7.12%	20.22	5.81	27.28%	2360.58%
ENPH	15.1B	1.8B	-8.89%	-31.15%	54.79	8.27	-30.11%	-43.96%
MID-CAP
SEDG	3.0B	2.2B	-26.94%	-82.14%	-11.55	1.35	-34.19%	-231.31%
RUN	2.5B	2.1B	-4.69%	-28.35%	-1.72	1.17	-11.90%	-7091.51%
SMALL-CAP
BEEM	90.2B	67.4M	2.63%	-36.16%	-5.6K	1.3K	86.60%	18.40%
ARRY	1.9B	1.4B	-13.90%	-32.92%	17.1	1.43	-21.04%	100.48%
SHLS	1.2B	474.7M	-27.48%	-67.15%	40.6	2.49	30.38%	-79.56%
SPWR	403.3M	1.8B	-14.13%	-78.95%	-3.38	0.22	14.74%	-307.59%
FTCI	59.2M	98.7M	1.85%	-80.14%	-1.25	0.6	-13.73%	43.41%
ASTI	2.8M	458.3K	-30.77%	-68.97%	-0.2	6.04	-62.52%	37.22%
SUNW	1.7M	154.9M	-	-97.50%	-0.02	0.01	10.63%	-80.26%

Shoals Technologies Group, Inc. News

Latest updates

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

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																		(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4
Revenue	-30.4%	91.00	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	-27.6%	54.00	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	-34.2%	36.00	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	5.8%	25.00	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	-100.0%	-	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	-23.5%	4.00	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	-74.5%	2.00	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	-68.7%	5.00	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	-27.4%	0.06*	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	-55.9%	10.00	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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4
Assets	-2.2%	825	844	840	819	809	595	530	497	474	426	383	274	252	195
Current Assets	-8.2%	208	227	214	200	183	154	183	156	138	93.00	109	92.00	70.00	56.00
Cash Equivalents	-32.9%	15.00	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	12.8%	60.00	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	5.5%	26.00	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	70.00	69.00	69.00	69.00	50.00	50.00	50.00
Liabilities	-9.3%	271	299	316	289	303	294	507	488	476	434	394	308	295	379
Current Liabilities	-14.0%	80.00	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	1.6%	554	545	525	529	506	291	23.00	8.00	8.00	3.00	1.00	-	-	-
Retained Earnings	6.4%	79.00	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	0.9%	475	471	467	462	457	257	105	101	98.00	96.00	92.00	79.00	78.00	-
Shares Outstanding	3.7%	170	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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4
Cashflow From Operations	-51.4%	12,860	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	32.1%	5,023	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	15.4%	-2,483	-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	-78.0%	-17,848	-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	-

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SHLS Income Statement

2024-03-31

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue	$ 90,807	$ 105,086
Cost of revenue	54,347	56,829
Gross profit	36,460	48,257
Operating expenses
General and administrative expenses	22,772	19,992
Depreciation and amortization	2,104	2,165
Total operating expenses	24,876	22,157
Income from operations	11,584	26,100
Interest expense, net	(4,362)	(5,996)
Income before income taxes	7,222	20,104
Income tax expense	(2,448)	(3,121)
Net income	4,774	16,983
Less: net income attributable to non-controlling interests	0	2,687
Net income attributable to Shoals Technologies Group, Inc.	$ 4,774	$ 14,296
Earnings per share of Class A common stock:
Basic (in dollars per share)	$ 0.03	$ 0.10
Diluted (in dollars per share)	$ 0.03	$ 0.10
Weighted average shares of Class A common stock outstanding:
Basic (in shares)	170,282	146,409
Diluted (in shares)	170,514	147,107
Class A Common Stock
Earnings per share of Class A common stock:
Basic (in dollars per share)	$ 0.03	$ 0.10
Diluted (in dollars per share)	$ 0.03	$ 0.10
Weighted average shares of Class A common stock outstanding:
Basic (in shares)	170,282	146,409
Diluted (in shares)	170,514	147,107

SHLS Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current Assets
Cash and cash equivalents	$ 15,236	$ 22,707
Accounts receivable, net	103,403	107,118
Unbilled receivables	23,406	40,136
Inventory, net	59,565	52,804
Other current assets	6,872	4,421
Total Current Assets	208,482	227,186
Property, plant and equipment, net	26,213	24,836
Goodwill	69,941	69,941
Other intangible assets, net	46,772	48,668
Deferred tax assets	465,700	468,195
Other assets	8,198	5,167
Total Assets	825,306	843,993
Current Liabilities
Accounts payable	15,728	14,396
Accrued expenses and other	10,352	22,907
Warranty liability—current portion	31,708	31,099
Deferred revenue	21,834	22,228
Long-term debt—current portion	0	2,000
Total Current Liabilities	79,622	92,630
Revolving line of credit	168,750	40,000
Long-term debt, less current portion	0	139,445
Warranty liability, less current portion	20,091	23,815
Other long-term liabilities	2,866	3,107
Total Liabilities	271,329	298,997
Commitments and Contingencies (Note 14)
Stockholders’ Equity
Preferred stock, $0.00001 par value - 5,000,000 shares authorized; none issued and outstanding as of March 31, 2024 and December 31, 2023	0	0
Additional paid-in capital	474,749	470,542
Retained earnings	79,226	74,452
Total stockholders' equity	553,977	544,996
Total Liabilities and Stockholders’ Equity	825,306	843,993
Class A Common Stock
Stockholders’ Equity
Common stock	2	2
Class B Common Stock
Stockholders’ Equity
Common stock	$ 0	$ 0

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 Fri May 10 2024, market cap of Shoals Technologies Group, Inc. is 1.18 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 Fri May 10 2024, SHLS's PE ratio (Price to Earnings) is 40.6 and Price to Sales (PS) ratio is 2.49. 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.