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StockVS

NASDAQ · Solar · USD

Shoals Technologies Group, Inc. (SHLS) Stock Analysis

Shoals Technologies Group, Inc. (SHLS) is a Solar stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

SHLS

$7.96

+$0.49 (+6.49%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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SHLS Key Statistics

As of Oct 21, 2026
Trading
Open
$7.65
Previous Close
$7.47
Day's Range
7.61–8.05
52-Week Range
5.43–13.18
Volume
3.71M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.85
Valuation
Market Cap
$1.34B
P/E Ratio
41.87
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
14.45
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
0.52
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
2.28
EPS (ttm)Profit attributable to each share over the last twelve months.
0.19
Financials (FY)
Revenue (FY)
$475.33M+19.07%
Net Income (FY)
$33.57M+39.16%
Profit marginThe share of revenue left as profit after all costs and taxes.
5.42%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
168.30M
1-Year Return
−24.09%
Dividend and dates
Earnings Date
November 4, 2026
Avg Volume
4.80M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, SHLS closed at $7.96, −24.09% over 1 year.

Shoals Technologies Group, Inc. (SHLS) has a market capitalization of $1.34B.

In fiscal 2025, SHLS reported revenue of $475.33M.

SHLS Stock Return by Calendar Year

Shoals Technologies Group, Inc. (SHLS) return since Jan 2021: what $10,000 became

1 year
$10,000 $7,591
−24.09%
5 years
$10,000 $2,880
−71.20%
Since Jan 2021
$10,000 $2,411
−75.89%

If you had invested $10,000 in Shoals Technologies Group, Inc. (SHLS) at the close on January 28, 2021, the earliest close on record here, it would have been worth $2,411 at the close on October 21, 2026: −75.89% in total, −21.99% a year, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−6.41%
2025+53.71%
2024−64.41%
2023−37.01%
2022+1.52%
2021−26.36%

As of October 21, 2026.

SHLS Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$475.33M$33.57M7.1%
2024$399.21M$24.13M6.0%
2023$488.94M$39.97M8.2%
2022$326.94M$127.61M39.0%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$475.33M$166.51M$56.39M$33.57M7.1%
2024$399.21M$142.02M$51.17M$24.13M6.0%
2023$488.94M$168.30M$79.04M$39.97M8.2%
2022$326.94M$131.31M$66.33M$127.61M39.0%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

SHLS Valuation vs Solar Median

Median of 22 stocks
MetricSHLSSolar medianvs median
P/E41.8714.20195% above
P/S ratio2.280.484.7x the median
Profit margin5.42%−3.77%9.2 pts above

Medians across 22 Solar stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values Shoals Technologies Group, Inc. (SHLS) at $1.34B. The company sits in the Technology sector, in the Solar industry. Headcount on file is 1,480.

The most recent close on file for SHLS is $7.96, dated October 21, 2026. That is +$0.49 (+6.49%) against the previous close. Over the past 52 weeks the price has ranged from $5.43 to $13.18. The latest close sits 46.5% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $475.33M. Against the prior fiscal year total of $399.21M, that is a change of +19.07%. The same year closed with net income of $33.57M. That is +39.16% against the prior fiscal year. Profit margin runs at 5.42%. That is 9.2 percentage points above the Solar median of −3.77%. Trailing earnings per share are 0.19.

Across the 4 fiscal years on file, revenue moves from $326.94M in 2022 to $475.33M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

SHLS trades at a trailing price-to-earnings ratio of 41.87. That is 194.86% above the Solar median of 14.2. The forward P/E on file is 14.45. The PEG ratio, which sets the P/E against expected earnings growth, reads 0.52. The price-to-sales ratio is 2.28. On price-to-sales that is 4.7 times the Solar median of 0.48. 22 Solar companies report these metrics, and the medians quoted come from that group.

The reported beta is 1.85. Annualized volatility over the trailing 5 years is 80.27%. Over the trailing twelve months the total return is −24.09%. Across 5 years the annualized return works out at −22.04%.

Growth & Income

The record shows no dividend for SHLS.

Across the complete calendar years on file, 2025 returned +53.71% and 2024 returned −64.41%. Of the 5 complete calendar years on file, 2 finished higher. 2026 is still running; the total return is −6.41% year to date.

Peer Comparison

Shoals Technologies Group, Inc. (SHLS) operates in the Solar industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Shoals Technologies Group, Inc. SHLS $1.34B 41.9
First Solar, Inc. FSLR $18.79B 10.8
Nextpower Inc. NXT $12.56B 21.1
Enphase Energy, Inc. ENPH $4.23B 32.0

The Solar industry average P/E ratio is 14.2x. Shoals Technologies Group, Inc. trades at a P/E of 41.9.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Shoals Technologies Group, Inc.

Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions and components in the United States and internationally. The company designs, manufactures, and sells various products used by the solar and battery storage industries, including solar big lead assembly (BLA) solutions; homeruns, interconnection, and extension solutions; combiners and re-combiners; load break disconnects and transition solutions; wireless performance monitoring; and battery energy storage solutions (BESS). It also offers original equipment manufacturer (OEM) components; and technical support services during installation and the transition to operations and maintenance. The company sells its products to engineering, procurement, and construction firms that build solar energy projects; utilities; solar developers, independent power producers; solar module manufacturers; and charge point operators. Shoals Technologies Group, Inc. was founded in 1996 and is headquartered in Portland, Tennessee.

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