(SHLS) Shoals Technologies - Ratings and Ratios
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US82489W1071
Cable Assembly, Combiner Box, Disconnect, Monitoring, Battery Integration
EPS (Earnings per Share)
Revenue
Dividends
Currently no dividends paid| Risk via 5d forecast | |
|---|---|
| Volatility | 72.9% |
| Value at Risk 5%th | 108% |
| Relative Tail Risk | -9.75% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.86 |
| Alpha | 33.13 |
| CAGR/Max DD | -0.32 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.475 |
| Beta | 1.138 |
| Beta Downside | 1.339 |
| Drawdowns 3y | |
|---|---|
| Max DD | 90.39% |
| Mean DD | 59.68% |
| Median DD | 71.18% |
Description: SHLS Shoals Technologies November 18, 2025
Shoals Technologies Group, Inc. (NASDAQ: SHLS) designs, manufactures, and sells electrical balance-of-system (EBOS) components for solar and battery-energy-storage projects, ranging from plug-and-play cable assemblies and combiners to wireless real-time performance monitors and load-break disconnects.
The company’s primary customers are EPC firms, utilities, independent power producers, solar module manufacturers, and charge-point operators that need turnkey EBOS solutions for utility-scale solar farms and stand-alone storage installations.
Key recent metrics (Q3 2024): revenue of $115 million, up 18 % YoY; gross margin expanded to 31 % driven by higher mix of premium monitoring hardware; and an order backlog of roughly 1.2 GW of solar-plus-storage capacity, indicating strong pipeline visibility.
Sector drivers include the U.S. Inflation Reduction Act’s investment tax credit extensions, which are boosting utility-scale solar build-out (projected 30 % CAGR through 2028), and the accelerating demand for grid-scale battery storage as utilities seek firming resources for higher renewable penetration.
For a deeper, data-driven valuation framework, you may find the ValueRay analysis of SHLS worth reviewing.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income (33.3m TTM) > 0 and > 6% of Revenue (6% = 26.0m TTM) |
| FCFTA 0.01 (>2.0%) and ΔFCFTA -9.46pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 25.19% (prev 23.39%; Δ 1.80pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.04 (>3.0%) and CFO 35.1m > Net Income 33.3m (YES >=105%, WARN >=100%) |
| Net Debt (157.7m) to EBITDA (72.6m) ratio: 2.17 <= 3.0 (WARN <= 3.5) |
| Current Ratio 2.19 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (168.8m) change vs 12m ago 0.82% (target <= -2.0% for YES) |
| Gross Margin 36.82% (prev 37.20%; Δ -0.38pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 52.51% (prev 52.75%; Δ -0.24pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 5.51 (EBITDA TTM 72.6m / Interest Expense TTM 10.8m) >= 6 (WARN >= 3) |
Altman Z'' 2.30
| (A) 0.13 = (Total Current Assets 201.2m - Total Current Liabilities 91.9m) / Total Assets 851.8m |
| (B) 0.15 = Retained Earnings (Balance) 124.0m / Total Assets 851.8m |
| (C) 0.07 = EBIT TTM 59.3m / Avg Total Assets 826.5m |
| (D) 0.47 = Book Value of Equity 124.0m / Total Liabilities 262.2m |
| Total Rating: 2.30 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 50.92
| 1. Piotroski 4.50pt |
| 2. FCF Yield 0.46% |
| 3. FCF Margin 1.78% |
| 4. Debt/Equity 0.28 |
| 5. Debt/Ebitda 2.17 |
| 6. ROIC - WACC (= -3.05)% |
| 7. RoE 5.83% |
| 8. Rev. Trend 61.13% |
| 9. EPS Trend -52.79% |
What is the price of SHLS shares?
As of January 02, 2026, the stock is trading at USD 8.50 with a total of 1,723,904 shares traded.
Over the past week, the price has changed by -7.71%, over one month by +8.56%, over three months by +7.19% and over the past year by +40.50%.
Over the past week, the price has changed by -7.71%, over one month by +8.56%, over three months by +7.19% and over the past year by +40.50%.
Is SHLS a buy, sell or hold?
Shoals Technologies has received a consensus analysts rating of 4.00.
Therefore, it is recommended to buy SHLS.
- Strong Buy: 9
- Buy: 4
- Hold: 7
- Sell: 1
- Strong Sell: 0
What are the forecasts/targets for the SHLS price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 10.2 | 19.4% |
| Analysts Target Price | 10.2 | 19.4% |
| ValueRay Target Price | 7.6 | -11.1% |
SHLS Fundamental Data Overview December 27, 2025
Market Cap USD = 1.54b (1.54b USD * 1.0 USD.USD)
P/E Trailing = 48.3684
P/E Forward = 14.8148
P/S = 3.5445
P/B = 2.6089
P/EG = 0.5201
Beta = 1.705
Revenue TTM = 434.0m USD
EBIT TTM = 59.3m USD
EBITDA TTM = 72.6m USD
Long Term Debt = 126.8m USD (from longTermDebt, last quarter)
Short Term Debt = 881.0k USD (from shortTermDebt, last fiscal year)
Debt = 166.2m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 157.7m USD (from netDebt column, last quarter)
Enterprise Value = 1.70b USD (1.54b + Debt 166.2m - CCE 8.59m)
Interest Coverage Ratio = 5.51 (Ebit TTM 59.3m / Interest Expense TTM 10.8m)
FCF Yield = 0.46% (FCF TTM 7.73m / Enterprise Value 1.70b)
FCF Margin = 1.78% (FCF TTM 7.73m / Revenue TTM 434.0m)
Net Margin = 7.67% (Net Income TTM 33.3m / Revenue TTM 434.0m)
Gross Margin = 36.82% ((Revenue TTM 434.0m - Cost of Revenue TTM 274.2m) / Revenue TTM)
Gross Margin QoQ = 37.00% (prev 37.17%)
Tobins Q-Ratio = 1.99 (Enterprise Value 1.70b / Total Assets 851.8m)
Interest Expense / Debt = 1.68% (Interest Expense 2.79m / Debt 166.2m)
Taxrate = 25.15% (3.99m / 15.9m)
NOPAT = 44.4m (EBIT 59.3m * (1 - 25.15%))
Current Ratio = 2.19 (Total Current Assets 201.2m / Total Current Liabilities 91.9m)
Debt / Equity = 0.28 (Debt 166.2m / totalStockholderEquity, last quarter 589.6m)
Debt / EBITDA = 2.17 (Net Debt 157.7m / EBITDA 72.6m)
Debt / FCF = 20.39 (Net Debt 157.7m / FCF TTM 7.73m)
Total Stockholder Equity = 570.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.91% (Net Income 33.3m / Total Assets 851.8m)
RoE = 5.83% (Net Income TTM 33.3m / Total Stockholder Equity 570.2m)
RoCE = 8.51% (EBIT 59.3m / Capital Employed (Equity 570.2m + L.T.Debt 126.8m))
RoIC = 6.29% (NOPAT 44.4m / Invested Capital 705.7m)
WACC = 9.34% (E(1.54b)/V(1.70b) * Re(10.21%) + D(166.2m)/V(1.70b) * Rd(1.68%) * (1-Tc(0.25)))
Discount Rate = 10.21% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.45%
[DCF Debug] Terminal Value 68.88% ; FCFE base≈37.9m ; Y1≈34.3m ; Y5≈29.9m
Fair Price DCF = 2.28 (DCF Value 381.5m / Shares Outstanding 167.4m; 5y FCF grow -11.65% → 3.0% )
EPS Correlation: -52.79 | EPS CAGR: -44.74% | SUE: -3.32 | # QB: 0
Revenue Correlation: 61.13 | Revenue CAGR: 31.93% | SUE: 1.29 | # QB: 4
EPS next Quarter (2026-03-31): EPS=0.10 | Chg30d=+0.002 | Revisions Net=+4 | Analysts=10
EPS next Year (2026-12-31): EPS=0.50 | Chg30d=-0.004 | Revisions Net=-1 | Growth EPS=+27.3% | Growth Revenue=+18.1%
P/E Trailing = 48.3684
P/E Forward = 14.8148
P/S = 3.5445
P/B = 2.6089
P/EG = 0.5201
Beta = 1.705
Revenue TTM = 434.0m USD
EBIT TTM = 59.3m USD
EBITDA TTM = 72.6m USD
Long Term Debt = 126.8m USD (from longTermDebt, last quarter)
Short Term Debt = 881.0k USD (from shortTermDebt, last fiscal year)
Debt = 166.2m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 157.7m USD (from netDebt column, last quarter)
Enterprise Value = 1.70b USD (1.54b + Debt 166.2m - CCE 8.59m)
Interest Coverage Ratio = 5.51 (Ebit TTM 59.3m / Interest Expense TTM 10.8m)
FCF Yield = 0.46% (FCF TTM 7.73m / Enterprise Value 1.70b)
FCF Margin = 1.78% (FCF TTM 7.73m / Revenue TTM 434.0m)
Net Margin = 7.67% (Net Income TTM 33.3m / Revenue TTM 434.0m)
Gross Margin = 36.82% ((Revenue TTM 434.0m - Cost of Revenue TTM 274.2m) / Revenue TTM)
Gross Margin QoQ = 37.00% (prev 37.17%)
Tobins Q-Ratio = 1.99 (Enterprise Value 1.70b / Total Assets 851.8m)
Interest Expense / Debt = 1.68% (Interest Expense 2.79m / Debt 166.2m)
Taxrate = 25.15% (3.99m / 15.9m)
NOPAT = 44.4m (EBIT 59.3m * (1 - 25.15%))
Current Ratio = 2.19 (Total Current Assets 201.2m / Total Current Liabilities 91.9m)
Debt / Equity = 0.28 (Debt 166.2m / totalStockholderEquity, last quarter 589.6m)
Debt / EBITDA = 2.17 (Net Debt 157.7m / EBITDA 72.6m)
Debt / FCF = 20.39 (Net Debt 157.7m / FCF TTM 7.73m)
Total Stockholder Equity = 570.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.91% (Net Income 33.3m / Total Assets 851.8m)
RoE = 5.83% (Net Income TTM 33.3m / Total Stockholder Equity 570.2m)
RoCE = 8.51% (EBIT 59.3m / Capital Employed (Equity 570.2m + L.T.Debt 126.8m))
RoIC = 6.29% (NOPAT 44.4m / Invested Capital 705.7m)
WACC = 9.34% (E(1.54b)/V(1.70b) * Re(10.21%) + D(166.2m)/V(1.70b) * Rd(1.68%) * (1-Tc(0.25)))
Discount Rate = 10.21% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.45%
[DCF Debug] Terminal Value 68.88% ; FCFE base≈37.9m ; Y1≈34.3m ; Y5≈29.9m
Fair Price DCF = 2.28 (DCF Value 381.5m / Shares Outstanding 167.4m; 5y FCF grow -11.65% → 3.0% )
EPS Correlation: -52.79 | EPS CAGR: -44.74% | SUE: -3.32 | # QB: 0
Revenue Correlation: 61.13 | Revenue CAGR: 31.93% | SUE: 1.29 | # QB: 4
EPS next Quarter (2026-03-31): EPS=0.10 | Chg30d=+0.002 | Revisions Net=+4 | Analysts=10
EPS next Year (2026-12-31): EPS=0.50 | Chg30d=-0.004 | Revisions Net=-1 | Growth EPS=+27.3% | Growth Revenue=+18.1%
Additional Sources for SHLS Stock
News:
Wall Street Journal |
Benzinga |
Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle