(SHLS) Shoals Technologies - Ratings and Ratios
Electrical, Balance, System, Solar, Battery, Storage, Components
SHLS EPS (Earnings per Share)
SHLS Revenue
Description: SHLS Shoals Technologies
Shoals Technologies Group, Inc. is a leading provider of electrical balance of system (EBOS) solutions and components, catering to the solar and battery storage industries globally. The companys product portfolio includes a range of innovative solutions such as solar big lead assembly (BLA) solutions, homeruns, interconnection, and extension solutions, combiners, and re-combiners, as well as wireless performance monitoring and battery energy storage solutions (BESS). These products are designed to streamline the installation process, enhance efficiency, and reduce costs for engineering, procurement, and construction firms, utilities, solar developers, and independent power producers.
With a strong foundation established in 1996, Shoals Technologies Group, Inc. has developed a robust presence in the industry, with its headquarters located in Portland, Tennessee. The companys commitment to delivering high-quality products and technical support services has enabled it to build a diverse customer base, including solar module manufacturers and charge point operators. As the demand for renewable energy continues to grow, Shoals is well-positioned to capitalize on the trend, leveraging its expertise in EBOS solutions to drive growth.
Analyzing the technical data, we observe that SHLS has been exhibiting a positive trend, with its last price at $4.98, above its 20-day simple moving average (SMA) of $4.90. The 50-day SMA stands at $4.43, indicating a longer-term uptrend. The average true range (ATR) of 0.43, equivalent to 8.66%, suggests moderate volatility. Considering the fundamental data, SHLS has a market capitalization of $854.26 million and a forward price-to-earnings ratio of 13.44, indicating a relatively reasonable valuation. Return on equity (RoE) stands at 4.08%, which, while not exceptional, is respectable given the industrys capital-intensive nature.
Based on the technical and fundamental analysis, our forecast suggests that SHLS is poised for potential growth. The stocks uptrend, coupled with its relatively reasonable valuation, presents an attractive opportunity for investors. As the solar and battery storage industries continue to expand, Shoals Technologies Group, Inc. is likely to benefit from its established position and diversified product portfolio. We anticipate that SHLS may reach $6.50 in the next 6-12 months, driven by the growing demand for EBOS solutions and the companys commitment to innovation and customer satisfaction.
SHLS Stock Overview
| Market Cap in USD | 790m |
| Sector | Technology |
| Industry | Solar |
| GiC Sub-Industry | Electrical Components & Equipment |
| IPO / Inception | 2021-01-27 |
SHLS Stock Ratings
| Growth Rating | -75.5 |
| Fundamental | 51.9% |
| Dividend Rating | - |
| Rel. Strength | -30.3 |
| Analysts | 4.00 of 5 |
| Fair Price Momentum | 3.19 USD |
| Fair Price DCF | 3.82 USD |
SHLS Dividends
Currently no dividends paidSHLS Growth Ratios
| Growth Correlation 3m | 29.2% |
| Growth Correlation 12m | -27.5% |
| Growth Correlation 5y | -87.1% |
| CAGR 5y | -34.20% |
| CAGR/Max DD 5y | -0.37 |
| Sharpe Ratio 12m | -0.05 |
| Alpha | -18.24 |
| Beta | 0.230 |
| Volatility | 96.66% |
| Current Volume | 6327.1k |
| Average Volume 20d | 4105.2k |
| Stop Loss | 4.2 (-9.1%) |
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income (24.5m TTM) > 0 and > 6% of Revenue (6% = 24.0m TTM) |
| FCFTA 0.02 (>2.0%) and ΔFCFTA -10.42pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 27.16% (prev 21.77%; Δ 5.39pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.04 (>3.0%) and CFO 31.4m > Net Income 24.5m (YES >=105%, WARN >=100%) |
| Net Debt (127.1m) to EBITDA (58.2m) ratio: 2.18 <= 3.0 (WARN <= 3.5) |
| Current Ratio 2.34 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (167.6m) change vs 12m ago -1.49% (target <= -2.0% for YES) |
| Gross Margin 33.70% (prev 31.13%; Δ 2.57pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 50.57% (prev 57.67%; Δ -7.10pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 4.09 (EBITDA TTM 58.2m / Interest Expense TTM 11.1m) >= 6 (WARN >= 3) |
Altman Z'' 2.28
| (A) 0.14 = (Total Current Assets 190.1m - Total Current Liabilities 81.3m) / Total Assets 795.0m |
| (B) 0.14 = Retained Earnings (Balance) 112.2m / Total Assets 795.0m |
| (C) 0.06 = EBIT TTM 45.2m / Avg Total Assets 791.7m |
| (D) 0.51 = Book Value of Equity 112.2m / Total Liabilities 219.6m |
| Total Rating: 2.28 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 51.90
| 1. Piotroski 6.0pt = 1.0 |
| 2. FCF Yield 1.21% = 0.61 |
| 3. FCF Margin 3.02% = 0.75 |
| 4. Debt/Equity 0.37 = 2.43 |
| 5. Debt/Ebitda 3.66 = -2.41 |
| 6. ROIC - WACC -1.42% = -1.78 |
| 7. RoE 4.39% = 0.37 |
| 8. Rev. Trend -9.91% = -0.50 |
| 9. Rev. CAGR 6.86% = 0.86 |
| 10. EPS Trend data missing |
| 11. EPS CAGR 5.71% = 0.57 |
What is the price of SHLS shares?
As of August 13, 2025, the stock is trading at USD 4.62 with a total of 6,327,142 shares traded.Over the past week, the price has changed by -1.07%, over one month by -19.65%, over three months by -13.81% and over the past year by -9.94%.
Is Shoals Technologies a good stock to buy?
Neither. Based on ValueRay´s Fundamental Analyses, Shoals Technologies is currently (August 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 51.90 and therefor a neutral outlook according to the companies health.Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of SHLS is around 3.19 USD . This means that SHLS is currently overvalued and has a potential downside of -30.95%.
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 for SHLS share price target?
According to our own proprietary Forecast Model, SHLS Shoals Technologies will be worth about 3.5 in August 2026. The stock is currently trading at 4.62. This means that the stock has a potential downside of -25.11%.| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 7 | 51.3% |
| Analysts Target Price | 6.3 | 36.6% |
| ValueRay Target Price | 3.5 | -25.1% |
SHLS Fundamental Data Overview
CCE Cash And Equivalents = 4.69m USD (Cash And Short Term Investments, last quarter)
P/E Trailing = 39.3333
P/E Forward = 11.5075
P/S = 1.9731
P/B = 1.3729
P/EG = 0.455
Beta = 1.61
Revenue TTM = 400.4m USD
EBIT TTM = 45.2m USD
EBITDA TTM = 58.2m USD
Long Term Debt = 131.8m USD (from longTermDebt, last quarter)
Short Term Debt = 81.3m USD (from totalCurrentLiabilities, last quarter)
Debt = 213.1m USD (Calculated: Short Term 81.3m + Long Term 131.8m)
Net Debt = 127.1m USD (from netDebt column, last quarter)
Enterprise Value = 998.4m USD (790.0m + Debt 213.1m - CCE 4.69m)
Interest Coverage Ratio = 4.09 (Ebit TTM 45.2m / Interest Expense TTM 11.1m)
FCF Yield = 1.21% (FCF TTM 12.1m / Enterprise Value 998.4m)
FCF Margin = 3.02% (FCF TTM 12.1m / Revenue TTM 400.4m)
Net Margin = 6.13% (Net Income TTM 24.5m / Revenue TTM 400.4m)
Gross Margin = 33.70% ((Revenue TTM 400.4m - Cost of Revenue TTM 265.5m) / Revenue TTM)
Tobins Q-Ratio = 8.90 (Enterprise Value 998.4m / Book Value Of Equity 112.2m)
Interest Expense / Debt = 1.05% (Interest Expense 2.24m / Debt 213.1m)
Taxrate = 36.28% (from yearly Income Tax Expense: 13.7m / 37.9m)
NOPAT = 28.8m (EBIT 45.2m * (1 - 36.28%))
Current Ratio = 2.34 (Total Current Assets 190.1m / Total Current Liabilities 81.3m)
Debt / Equity = 0.37 (Debt 213.1m / last Quarter total Stockholder Equity 575.4m)
Debt / EBITDA = 3.66 (Net Debt 127.1m / EBITDA 58.2m)
Debt / FCF = 17.63 (Debt 213.1m / FCF TTM 12.1m)
Total Stockholder Equity = 559.1m (last 4 quarters mean)
RoA = 3.09% (Net Income 24.5m, Total Assets 795.0m )
RoE = 4.39% (Net Income TTM 24.5m / Total Stockholder Equity 559.1m)
RoCE = 6.54% (Ebit 45.2m / (Equity 559.1m + L.T.Debt 131.8m))
RoIC = 4.12% (NOPAT 28.8m / Invested Capital 698.3m)
WACC = 5.54% (E(790.0m)/V(1.00b) * Re(6.86%)) + (D(213.1m)/V(1.00b) * Rd(1.05%) * (1-Tc(0.36)))
Shares Correlation 5-Years: 90.0 | Cagr: 13.43%
Discount Rate = 6.86% (= CAPM, Blume Beta Adj.) -> floored to rf + ERP 8.05%
[DCF Debug] Terminal Value 76.76% ; FCFE base≈44.9m ; Y1≈40.7m ; Y5≈35.5m
Fair Price DCF = 3.82 (DCF Value 639.9m / Shares Outstanding 167.4m; 5y FCF grow -11.65% → 3.0% )
Revenue Correlation: -9.91 | Revenue CAGR: 6.86%
Revenue Growth Correlation: -54.97%
EPS Correlation: N/A | EPS CAGR: 5.71%
EPS Growth Correlation: 60.06%
Additional Sources for SHLS Stock
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