(SHLS) Shoals Technologies - Overview
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US82489W1071
Stock: Solar Cable Assemblies, Combiners, Disconnects, Monitoring, Battery Storage
Total Rating 65
Risk 87
Buy Signal 0.90
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 80.5% |
| Relative Tail Risk | -10.0% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.33 |
| Alpha | 105.84 |
| Character TTM | |
|---|---|
| Beta | 1.319 |
| Beta Downside | 1.194 |
| Drawdowns 3y | |
|---|---|
| Max DD | 89.99% |
| CAGR/Max DD | -0.28 |
Description: SHLS Shoals Technologies January 21, 2026
Shoals Technologies Group, Inc. (NASDAQ: SHLS) designs, manufactures, and sells electrical balance-of-system (EBOS) components for solar and battery-storage projects, including plug-and-play cable assemblies, combiners, load-break disconnects, wireless performance monitors, and turnkey BESS solutions.
The company’s customer base spans EPC firms, utilities, independent power producers, solar module manufacturers, and charge-point operators, positioning Shoals as a critical supplier in the value chain from project construction to operations and maintenance.
Key metrics: FY 2023 revenue reached approximately $215 million, up ~18 % YoY, driven by a 12 % CAGR in U.S. solar EBOS demand; the firm reported a gross margin of ~31 % and a backlog of $180 million, indicating strong pipeline visibility. Macro drivers include the U.S. Inflation Reduction Act incentives, which are expected to add >30 GW of solar capacity through 2025, and accelerating corporate adoption of behind-the-meter storage.
For a deeper, data-rich assessment of Shoals’ valuation and risk profile, you may find ValueRay’s analytical tools useful.
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income: 33.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -9.46 > 1.0 |
| NWC/Revenue: 25.19% < 20% (prev 23.39%; Δ 1.80% < -1%) |
| CFO/TA 0.04 > 3% & CFO 35.1m > Net Income 33.3m |
| Net Debt (157.7m) to EBITDA (72.6m): 2.17 < 3 |
| Current Ratio: 2.19 > 1.5 & < 3 |
| Outstanding Shares: last quarter (168.8m) vs 12m ago 0.82% < -2% |
| Gross Margin: 36.82% > 18% (prev 0.37%; Δ 3644 % > 0.5%) |
| Asset Turnover: 52.51% > 50% (prev 52.75%; Δ -0.24% > 0%) |
| Interest Coverage Ratio: 5.51 > 6 (EBITDA TTM 72.6m / Interest Expense TTM 10.8m) |
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 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) |
| Altman-Z'' Score: 2.30 = BBB |
Beneish M -2.97
| DSRI: 1.12 (Receivables 125.2m/109.1m, Revenue 434.0m/422.7m) |
| GMI: 1.01 (GM 36.82% / 37.20%) |
| AQI: 0.90 (AQ_t 0.65 / AQ_t-1 0.73) |
| SGI: 1.03 (Revenue 434.0m / 422.7m) |
| TATA: -0.00 (NI 33.3m - CFO 35.1m) / TA 851.8m) |
| Beneish M-Score: -2.97 (Cap -4..+1) = A |
What is the price of SHLS shares?
As of February 08, 2026, the stock is trading at USD 10.29 with a total of 5,218,950 shares traded.
Over the past week, the price has changed by +9.00%, over one month by +11.36%, over three months by +12.46% and over the past year by +123.70%.
Over the past week, the price has changed by +9.00%, over one month by +11.36%, over three months by +12.46% and over the past year by +123.70%.
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.
- StrongBuy: 9
- Buy: 4
- Hold: 7
- Sell: 1
- StrongSell: 0
What are the forecasts/targets for the SHLS price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 10 | -3.3% |
| Analysts Target Price | 10 | -3.3% |
| ValueRay Target Price | 10.2 | -0.9% |
SHLS Fundamental Data Overview February 03, 2026
P/E Trailing = 49.6842
P/E Forward = 15.2439
P/S = 3.6409
P/B = 2.6813
P/EG = 0.5345
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 = 1.74b USD (1.58b + Debt 166.2m - CCE 8.59m)
Interest Coverage Ratio = 5.51 (Ebit TTM 59.3m / Interest Expense TTM 10.8m)
EV/FCF = 224.8x (Enterprise Value 1.74b / FCF TTM 7.73m)
FCF Yield = 0.44% (FCF TTM 7.73m / Enterprise Value 1.74b)
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 = 2.04 (Enterprise Value 1.74b / 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 = 4.03% (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 = 9.87% (E(1.58b)/V(1.75b) * Re(10.78%) + D(166.2m)/V(1.75b) * Rd(1.68%) * (1-Tc(0.25)))
Discount Rate = 10.78% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.45%
[DCF Debug] Terminal Value 69.68% ; FCFF base≈37.9m ; Y1≈34.3m ; Y5≈29.8m
Fair Price DCF = 1.41 (EV 394.5m - Net Debt 157.7m = Equity 236.8m / Shares 167.4m; r=9.87% [WACC]; 5y FCF grow -11.65% → 2.90% )
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=0.09 | Chg30d=-0.004 | Revisions Net=-1 | Analysts=11
EPS next Year (2026-12-31): EPS=0.49 | Chg30d=-0.005 | Revisions Net=+0 | Growth EPS=+25.8% | Growth Revenue=+17.7%
P/E Forward = 15.2439
P/S = 3.6409
P/B = 2.6813
P/EG = 0.5345
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 = 1.74b USD (1.58b + Debt 166.2m - CCE 8.59m)
Interest Coverage Ratio = 5.51 (Ebit TTM 59.3m / Interest Expense TTM 10.8m)
EV/FCF = 224.8x (Enterprise Value 1.74b / FCF TTM 7.73m)
FCF Yield = 0.44% (FCF TTM 7.73m / Enterprise Value 1.74b)
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 = 2.04 (Enterprise Value 1.74b / 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 = 4.03% (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 = 9.87% (E(1.58b)/V(1.75b) * Re(10.78%) + D(166.2m)/V(1.75b) * Rd(1.68%) * (1-Tc(0.25)))
Discount Rate = 10.78% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.45%
[DCF Debug] Terminal Value 69.68% ; FCFF base≈37.9m ; Y1≈34.3m ; Y5≈29.8m
Fair Price DCF = 1.41 (EV 394.5m - Net Debt 157.7m = Equity 236.8m / Shares 167.4m; r=9.87% [WACC]; 5y FCF grow -11.65% → 2.90% )
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=0.09 | Chg30d=-0.004 | Revisions Net=-1 | Analysts=11
EPS next Year (2026-12-31): EPS=0.49 | Chg30d=-0.005 | Revisions Net=+0 | Growth EPS=+25.8% | Growth Revenue=+17.7%