# Shoals Technologies Group share price today (Shoals Technologies Group, Inc., SHLS)

> Shoals Technologies Group, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. SHLS · Technology · Solar · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/shls

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## Key numbers

- Business trend: Getting better, from the last 12 quarters
- Price: $8.47 (−19.4% in a year)
- P/E: 44.6× (lower than 60% of the last 1 year)
- Revenue (Jun 2026): $163 M (+47.4% on a year ago)
- Profit (Jun 2026): $12.1 M (−12.4% on a year ago)
- Operating margin: 13.8% (−3.1 points on a year ago)
- ROE: 6%, FY25
- ROIC: 7.3%, against a 12.9% cost of capital: −5.6 points

The main question: yearly earnings per share moved +42.9% while the share price moved −19.4%. ## What is the Shoals Technologies Group share price today? Shoals Technologies Group, Inc.'s share price was $8.47 at the close on 3 November 2026. That is 0.1% above its average price over the last 200 trading days. In the last 52 weeks it traded between $6 and $12, and at that close it sat 41% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 14 weeks running. Over the last 1 year the share price moved +45% while the S&P 500 moved +21%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 31 July 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Shoals Technologies Group pay? Shoals Technologies Group, Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is Shoals Technologies Group on? Shoals Technologies Group is on one of our US lists: US tech stocks. [US tech stocks](https://www.sectoralpha.in/us-tech-stocks)

## Is Shoals Technologies Group profitable? Shoals Technologies Group, Inc. earned $12.1 M of net profit in the Jun 2026 quarter, −12.4% on the same quarter a year earlier. Full-year FY25 profit was $33.6 M. That is 7.4% of the quarter's revenue. The same quarter a year earlier earned $13.9 M. 4 of the last 12 reported quarters were loss-making. For the full year, FY25 profit was $33.6 M (+39.2% on the year before). ## How much revenue does Shoals Technologies Group make, and is it growing? Shoals Technologies Group, Inc. reported $163 M of revenue in the Jun 2026 quarter, +47.4% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 4 years it has grown 22.2% a year on average. The last full year, FY25, came in at $475 M. The last four reported quarters add to $588 M. FY25 revenue was $475 M, +19.1% on the year before. Recent pace: the last four quarters grew +48.5% on average, against 22.2% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +46.9%, against +13.7% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +50.7%, against +16.8% a year (accelerating). ## How much of every $100 of sales does Shoals Technologies Group keep? Shoals Technologies Group, Inc.'s operating margin was 13.8% in the Jun 2026 quarter, 3.1 percentage points lower than the same quarter a year ago. Across 5 years it has been between 14.6% and 20.3%. The latest quarter is below every full year in that period. Why the margin moved: operating margin changed −3.1 percentage points on the year while gross margin changed −6.6 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Shoals Technologies Group's profit turning into cash? Over the last 3 years, 194% of Shoals Technologies Group, Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $17.1 M of operating cash against $33.6 M of profit. After $33.0 M of spending on assets, free cash was −$16.0 M: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Shoals Technologies Group's cash go? Shoals Technologies Group, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $52.0 M on assets over the last 3 years. Averaged over those years that is 3.6% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $52.0 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Shoals Technologies Group's P/E ratio, and how does it compare with its own history? Shoals Technologies Group, Inc.'s P/E is 44.6×, in the middle of its own history: higher than 40% of past readings. Its usual P/E (the middle reading) is 46.7×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +42.9% while the price moved −19.4%. Earnings did better than the price, which pulled the multiple down within its own range. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Shoals Technologies Group business getting better or worse? Shoals Technologies Group, Inc.'s business is getting better. Profit growth hit its low 8 quarters ago at −78.1% and has recovered to +50.7%, with ROCE steady at 10.6%. This is based on 12 quarters of 4 measures. Why it matters: a lasting rise from a low is what this page is built to show. ## How much does Shoals Technologies Group earn on its capital? Shoals Technologies Group, Inc. earned a ROE of 6% in FY25. That is up from a low of 4% in FY24. Its return on capital used (ROIC) is 5.6 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 7.1% net margin and 0.53× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 7.1% net margin × 0.53× asset turnover × 1.51× leverage (assets divided by equity) ≈ 5.7% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 7.3% − 12.9% = −5.6 percentage points. The 12.9% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Shoals Technologies Group have too much debt? Shoals Technologies Group, Inc. has total debt of $234 M against shareholder equity of $617 M as of Jun 2026, so its debt is 0.38× its equity. Year by year, that ratio went from −32.95 in FY21 to 0.30 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Shoals Technologies Group shareholding pattern? 10.1% of Shoals Technologies Group, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 4.0 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Shoals Technologies Group from balance-sheet trouble? For Shoals Technologies Group, Inc., the Z-score is 3.33. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 3.33 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does Shoals Technologies Group rank in its industry? 60.6 out of 100, rank 4 of 10 in Solar, with 81% of the evidence available. Shoals Technologies Group, Inc. scores 60.6 out of 100 against the 10 companies it is compared with in Solar, ranking 4. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 21.4 + 12.6 + 9.3 + 17.3 = 60.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Shoals Technologies Group compared with? Shoals Technologies Group ranks 4 of 10 Solar companies on the 4-Factor Sector Score, with 60.6 out of 100. 1. TOYO Co., Ltd. TOYO · basing · Most evidence points up · 81% evidence 68.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.4/35 · Revenue 100% · Profit 100% · Operating margin change 6.6 points · 83% evidence Capital efficiency 20.0/25 · ROCE 36.7% · Operating margin 19.1% · 76% evidence Valuation 12.8/20 · P/E 3.9× · PEG 0.84 · 65% evidence Relative strength 7.0/20 · Lead over its industry -14.6% · Lead over S&P 500 -38.2% · 1 year -28.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 28.4 + 20 + 12.8 + 7 = 68.2 · What this means: Earnings are strong; relative strength in its sector is -14.6% and the one-year return is -28.2%. 2. [First Solar, Inc.](https://www.sectoralpha.in/us/stocks/fslr) FSLR · basing · Most evidence points up · 81% evidence 67.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.9/35 · Revenue 23.8% · Profit 38.9% · Operating margin change 9.6 points · 83% evidence Capital efficiency 17.7/25 · ROCE 16% · Operating margin 42.6% · 76% evidence Valuation 14.5/20 · P/E 14.5× · PEG 0.38 · 65% evidence Relative strength 10.7/20 · Lead over its industry 4.1% · Lead over S&P 500 -20.6% · 1 year -30.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24.9 + 17.7 + 14.5 + 10.7 = 67.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Nextpower Inc.](https://www.sectoralpha.in/us/stocks/nxt) NXT · basing · Too little evidence to rank firmly · 58% evidence 60.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.8/35 · Revenue n/a · Profit n/a · Operating margin change 0.6 points · 45% evidence Capital efficiency 20.9/25 · ROCE 22.8% · Operating margin 20.9% · 76% evidence Valuation 9.8/20 · P/E 28.5× · PEG n/a · 15% evidence Relative strength 15.2/20 · Lead over its industry 16.6% · Lead over S&P 500 -12.2% · 1 year -8.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 14.8 + 20.9 + 9.8 + 15.2 = 60.7 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 4. Shoals Technologies Group, Inc. this page SHLS · basing · Evidence leans up · 81% evidence 60.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.4/35 · Revenue 47% · Profit 45.5% · Operating margin change -3.1 points · 83% evidence Capital efficiency 12.6/25 · ROCE 9.8% · Operating margin 13.8% · 76% evidence Valuation 9.3/20 · P/E 52.2× · PEG 0.89 · 65% evidence Relative strength 17.3/20 · Lead over its industry 23.9% · Lead over S&P 500 -5.2% · 1 year -6.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21.4 + 12.6 + 9.3 + 17.3 = 60.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Sunrun Inc.](https://www.sectoralpha.in/us/stocks/run) RUN · basing · Evidence leans up · 74% evidence 52.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.8/35 · Revenue 63.4% · Profit n/a · Operating margin change 23.7 points · 62% evidence Capital efficiency 6.2/25 · ROCE 0.4% · Operating margin 4% · 76% evidence Valuation 15.8/20 · P/E 8× · PEG 0.14 · 65% evidence Relative strength 6.7/20 · Lead over its industry -18% · Lead over S&P 500 -39.3% · 1 year -49.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 23.8 + 6.2 + 15.8 + 6.7 = 52.5 · What this means: Earnings are strong; relative strength in its sector is -18% and the one-year return is -49.3%. 6. [SolarEdge Technologies, Inc.](https://www.sectoralpha.in/us/stocks/sedg) SEDG · turning · Evidence leans up · 64% evidence 50.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.1/35 · Revenue 41.9% · Profit n/a · Operating margin change 17.4 points · 62% evidence Capital efficiency 3.5/25 · ROCE -10.8% · Operating margin -6.5% · 76% evidence Valuation 9.2/20 · P/E 50× · PEG n/a · 15% evidence Relative strength 14.3/20 · Lead over its industry 3.2% · Lead over S&P 500 -22.5% · 1 year -17.8% · 100% evidence · 1 of 12 weeks ahead Exact sum: 23.1 + 3.5 + 9.2 + 14.3 = 50.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Enphase Energy, Inc.](https://www.sectoralpha.in/us/stocks/enph) ENPH · basing · Evidence leans down · 81% evidence 41.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.9/35 · Revenue -10.4% · Profit -22.9% · Operating margin change 6.9 points · 83% evidence Capital efficiency 12.3/25 · ROCE 4.9% · Operating margin 18% · 76% evidence Valuation 12.5/20 · P/E 48.4× · PEG 0.67 · 65% evidence Relative strength 6.1/20 · Lead over its industry -1.5% · Lead over S&P 500 -25.7% · 1 year 0.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 10.9 + 12.3 + 12.5 + 6.1 = 41.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Array Technologies, Inc.](https://www.sectoralpha.in/us/stocks/arry) ARRY · basing · Evidence leans down · 64% evidence 37.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.9/35 · Revenue 1.2% · Profit n/a · Operating margin change -1.9 points · 62% evidence Capital efficiency 9.5/25 · ROCE 7% · Operating margin 10.9% · 76% evidence Valuation 11.5/20 · P/E -7.7× · PEG n/a · 15% evidence Relative strength 6.8/20 · Lead over its industry -16.7% · Lead over S&P 500 -39% · 1 year -45.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 9.9 + 9.5 + 11.5 + 6.8 = 37.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Canadian Solar Inc.](https://www.sectoralpha.in/us/stocks/csiq) CSIQ · quiet · Most evidence points down · 64% evidence 26.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.6/35 · Revenue -15.7% · Profit n/a · Operating margin change -13.4 points · 62% evidence Capital efficiency 7.6/25 · ROCE 1.1% · Operating margin -5.9% · 76% evidence Valuation 8.5/20 · P/E 54.2× · PEG n/a · 15% evidence Relative strength 0.0/20 · Lead over its industry -24.7% · Lead over S&P 500 -43.6% · 1 year -64.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 10.6 + 7.6 + 8.5 + 0 = 26.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. Tigo Energy, Inc. TYGO · Too little evidence to rank firmly · 44% evidence 43.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.3/43.75 · Revenue 50% · Profit n/a · Operating margin change -0.3 points · 62% evidence Capital efficiency 4.8/31.25 · ROCE -5.2% · Operating margin -6.6% · 76% evidence Valuation 12.7/25 · P/E 17.7× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 26.3 + 4.8 + 12.7 = 43.8 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Solar](https://www.sectoralpha.in/us/sectors/solar), all 10 compared on one page. ## Which companies are close to Shoals Technologies Group in size? Shoals Technologies Group is the 6th largest of 9 Solar companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Enphase Energy, Inc., Sunrun Inc. and SolarEdge Technologies, Inc. Just below it: Array Technologies, Inc., Canadian Solar Inc. and JinkoSolar Holding Co. ### Solar companies close in size

1. [Enphase Energy, Inc.](https://www.sectoralpha.in/us/stocks/enph) $4 billion
2. [Sunrun Inc.](https://www.sectoralpha.in/us/stocks/run) $2.1 billion
3. [SolarEdge Technologies, Inc.](https://www.sectoralpha.in/us/stocks/sedg) $2 billion
4. Shoals Technologies Group, Inc. $1.4 billion
5. [Array Technologies, Inc.](https://www.sectoralpha.in/us/stocks/arry) $715 million
6. [Canadian Solar Inc.](https://www.sectoralpha.in/us/stocks/csiq) $685 million
7. [JinkoSolar Holding Co., Ltd.](https://www.sectoralpha.in/us/stocks/jks) $532 million

[All 9 Solar companies, largest first](https://www.sectoralpha.in/us/sectors/solar#all-companies)

### Companies close in size in other industries

1. [Alexander's, Inc.](https://www.sectoralpha.in/us/stocks/alx) $1.3 billion · REIT - Retail
2. [Two Harbors Investment Corp.](https://www.sectoralpha.in/us/stocks/two) $1.3 billion · REIT - Mortgage
3. Shoals Technologies Group, Inc. $1.3 billion
4. [The Goodyear Tire & Rubber Company](https://www.sectoralpha.in/us/stocks/gt) $1.3 billion · Auto Parts
5. [American Superconductor Corporation](https://www.sectoralpha.in/us/stocks/amsc) $1.3 billion · Specialty Industrial Machinery

## What else do people ask about Shoals Technologies Group? ### What were Shoals Technologies Group's latest quarterly results? Shoals Technologies Group, Inc. reported revenue of $163 M and net profit of $12.1 M for the Jun 2026 quarter. Revenue rose 47.4% and profit fell 12.4% compared with a year earlier. Earnings per share were $0.07. The operating margin was 13.8%, 3.1 percentage points lower than a year earlier (as of 3 November 2026). ### What is Shoals Technologies Group's market cap? Shoals Technologies Group, Inc.'s market capitalisation is $1.4 B at a stock price of $8.47. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Shoals Technologies Group performing? Shoals Technologies Group, Inc.'s latest readings are below. In its latest quarter, revenue rose 47.4% and profit fell 12.4% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 14 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Shoals Technologies Group's stock price go up? This page does not forecast Shoals Technologies Group, Inc.'s stock price. What it shows instead: the stock price is $8.47. Its P/E of 44.6× is higher than 40% of its own last 1 years. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Is Shoals Technologies Group's profit real cash? Yes, over the last 3 years, 194% of Shoals Technologies Group, Inc.'s reported profit came in as cash from operations. The latest year was lower at 51%, so the trend is worth watching. In FY25, operating cash was $17.1 M against reported profit of $33.6 M. Most of that cash then goes into building new capacity. These are yearly figures (as of 3 November 2026). ### Where is Shoals Technologies Group in its business cycle? Shoals Technologies Group, Inc.'s FY25 operating margin was 15.7%, against a 5-year range of 14.6% to 20.3%: the low end of its own range, which is often where recoveries start. The latest quarter was 13.8%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Shoals Technologies Group story? The main question: yearly earnings per share moved +42.9% while the share price moved −19.4%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Shoals Technologies Group a stock worth studying right now? What the numbers show: Shoals Technologies Group, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- US tech stocks: https://www.sectoralpha.in/us-tech-stocks

This is research, not advice. We’re not SEBI-registered.