Shoals Technologies Group, Inc. (SHLS)

US — Energy Sector
Peers: SEDG  CSIQ  CLMT  TALO  IMSR  ARRY  AESI  XPRO  EFXT  BTE 

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Key Metrics & Ratings

  • symbol SHLS
  • Rev/Share 2.593
  • Book/Share 3.523
  • PB 2.2566
  • Debt/Equity 0.2819
  • CurrentRatio 2.1898
  • ROIC 0.062

 

  • MktCap 1330737923.0
  • FreeCF/Share 0.0462
  • PFCF 172.1079
  • PE 39.9935
  • Debt/Assets 0.1952
  • DivYield 0
  • ROE 0.0583

 

  • Rating B
  • Score 3
  • Recommendation Neutral
  • P/E Score 1
  • DCF Score 4
  • P/B Score 2
  • D/E Score 2

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Initiation SHLS Needham -- Buy -- $12 Oct. 22, 2025
Upgrade SHLS Barclays Equal Weight Overweight -- $10 Oct. 2, 2025
Upgrade SHLS Roth Capital Neutral Buy -- $10 Aug. 7, 2025
Downgrade SHLS Mizuho Outperform Neutral -- $7 July 14, 2025
Upgrade SHLS Jefferies Hold Buy -- $7.2 July 7, 2025
Downgrade SHLS BNP Paribas Exane Neutral Underperform -- $4 May 15, 2025
Initiation SHLS Wolfe Research -- Peer Perform -- -- Feb. 18, 2025
Upgrade SHLS Morgan Stanley Equal Weight Overweight -- $7 Dec. 17, 2024
Initiation SHLS Wells Fargo -- Equal Weight -- $46 Oct. 14, 2024
Upgrade SHLS Citigroup Sell Neutral $5 $5.5 Oct. 3, 2024

News

Shoals Technologies Group, Inc. Reports Financial Results for Fourth Quarter 2024
SHLS
Published: February 25, 2025 by: GlobeNewsWire
Sentiment: Neutral

– Quarterly Revenue of $107.0 million – – Adjusted Gross Profit Percentage1 of 37.6% – – Quarterly Net Income of $7.8 million – – Adjusted EBITDA1 of $26.4 million – – Ending Backlog and Awarded Orders of $634.7 million – – Provides First Quarter and Full Year 2025 Outlook – PORTLAND, Tenn., Feb. 25, 2025 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals” or the “Company”) (Nasdaq: SHLS), a leading provider of electrical balance of system (“EBOS”) solutions and components, including battery energy storage solutions (“BESS”), and Original Equipment Manufacturer (“OEM”) components for the global energy transition market, today announced …

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image for news Shoals Technologies Group, Inc. Reports Financial Results for Fourth Quarter 2024
Shoals Technologies Group Appeals ITC Reversal Decision to Federal Circuit and Receives Institution in New ITC Action Against Voltage
SHLS
Published: February 11, 2025 by: GlobeNewsWire
Sentiment: Neutral

PORTLAND, Tenn., Feb. 11, 2025 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (Shoals) (Nasdaq: SHLS), a global leader in electrical balance of system (EBOS) solutions for the energy transition market, announced today that it has filed a Petition for Review and Notice of Appeal to the United States Court of Appeals for the Federal Circuit.

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image for news Shoals Technologies Group Appeals ITC Reversal Decision to Federal Circuit and Receives Institution in New ITC Action Against Voltage

About Shoals Technologies Group, Inc. (SHLS)

  • IPO Date 2021-01-28
  • Website https://www.shoals.com
  • Industry Solar
  • CEO Brandon Moss
  • Employees 1290

Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions for solar energy projects 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, wire management solutions, and IV curve benchmarking devices. The company also sells EV Charging solutions for public and fleet electric vehicle charging stations; and EBOS systems. It sells its products principally to engineering, procurement, and construction firms that build solar energy projects and install electric vehicle charging stations. Shoals Technologies Group, Inc. was founded in 1996 and is headquartered in Portland, Tennessee.