Explore 3 Stock Ideas & Industry Insights Download Free Report

888-969-2592
Shopping Cart 0
countryflagCA
Login

Home CompaniesShoals Technologies Group Inc

Shoals Technologies Group Inc

Technology Solar
PortfolioPortfolio WatchlistWatchlist
Company price
7.47 USD 0.02 ( 0.27%)
Last update at 2026-09-25T20:00:00Z
VOLUME
2601272
Market Cap
1371.88M
P/E
47.35

Momentum Score

…

Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions and components for solar, battery energy, and electric vehicle (EV) charging applications in the United States and internationally. The company designs, manufactures, and sells system solutions for both homerun and combine-as-you-go wiring architectures, as well as offers technical support services. It provides EBOS components, including combiners; plug-n-play branch connectors and inline fuses; AC disconnects; recombiners; wireless monitoring; junction boxes; wire management; EV power cabinets; and battery energy storage systems cabinets, as well as cable assemblies, transition enclosures, and splice boxes. In addition, the company offers eMobility solutions, such as a power center, which combines equipment needed to protect the charging equipment and transform voltage levels from the electric utility to those needed on the respective site; quick connect solutions for chargers to connect to the Shoals system; big lead assembly (BLA) technology in the EV space to connect multiple chargers to a single power center; and a raceway system that protects the above ground EV BLAs in walk over and drive over applications. Further, it provides Snapshot IV, a solar operations and maintenance solution that monitors the specific voltage and current of individual solar panels and compares the results against the manufacturer's projected performance. 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.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
7.46
Low
7.74
High
52 Week Price Range
6.29
Low
28.34
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Shoals Technologies Group makes electrical balance-of-system products and provides related services for the solar and energy-storage industries, supplying wiring and electrical components to developers and equipment manufacturers. Long-term growth may be driven by rising global solar and storage deployments and demand for standardized BOS solutions, and the firm's niche position and customer relationships could support recurring project orders.

Key risks are sensitivity to solar installation cycles, customer concentration, competitive pricing and supply-chain or commodity cost volatility that could pressure margins.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
7.45
Dividend Yield
-
Revenue TTM
474.66M
Revenue Per Share
2.79
Gross Profit TTM
131.31M
Debt / Equity
0.34
ROE
5.75%
Net Debt
161.99M
ROCE
22.35%
Diluted EPS TTM
0.17

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 152.00M 4.03M 33.77M 25.14M 8.65M
Minority interest -15.40M 1.60M - - -
Net income 127.61M 3.94M 33.77M 25.14M 8.65M
Selling general administrative 55.91M 37.89M 21.01M 9.06M 8.90M
Gross profit 131.31M 82.64M 66.55M 44.21M 28.17M
Reconciled depreciation 10.51M 10.05M 9.40M 9.16M 8.99M
Ebit 170.54M 36.23M 37.28M 26.93M 11.09M
Ebitda 181.05M 44.62M 46.68M 36.09M 20.08M
Depreciation and amortization 10.51M 8.39M 9.40M 9.16M 8.99M
Non operating income net other - -15.99M - - -
Operating income 170.54M 36.23M 37.28M 26.93M 11.09M
Other operating expenses 260.61M 176.98M 138.24M 117.57M 92.66M
Interest expense 18.54M 14.55M 3.51M 1.79M 2.44M
Tax provision 8.99M 0.09M - - -
Net interest income -18.54M -14.55M -3.51M -1.79M -2.44M
Income tax expense 8.99M 0.09M 3.51M 1.79M -
Total revenue 326.94M 213.21M 175.52M 144.50M 103.75M
Total operating expenses 64.98M 46.41M 29.27M 17.28M 17.08M
Cost of revenue 195.63M 130.57M 108.97M 100.28M 75.58M
Total other income expense net -18.54M -32.20M -3.51M -1.79M -2.44M
Net income from continuing ops 143.01M 5.61M 33.77M 25.14M 8.65M
Net income applicable to common shares 127.61M 2.35M 33.77M 25.14M 8.65M
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 855.50M 594.89M 426.41M 195.31M 187.61M
Intangible assets 48.67M 56.59M 65.24M 71.99M 79.97M
Other current assets 4.42M 4.63M 5.04M 0.15M 0.80M
Total liab 310.50M 293.91M 433.91M 379.43M 37.70M
Total stockholder equity 545.00M 291.37M 2.55M -184.12M 149.91M
Deferred long term liab - - - 3.70M -
Other current liab 52.87M 17.88M 9.57M 5.97M 1.26M
Common stock 0.00M 0.00M 0.00M -184.12M 149.91M
Capital stock 0.00M 0.00M 0.00M - -
Retained earnings 74.45M 34.48M -93.13M - -
Other liab - 0.96M 157.31M - -
Good will 69.94M 69.94M 69.44M 50.18M 50.18M
Other assets - 293.90M 182.72M 4.24M -
Cash 22.71M 8.77M 5.01M 10.07M 7.08M
Total current liabilities 92.63M 52.62M 31.55M 24.10M 24.54M
Current deferred revenue 22.23M 23.26M - - -
Net debt 161.99M 230.30M 242.05M 348.76M 18.97M
Short term debt 3.14M 2.00M 2.00M 3.50M 12.89M
Short long term debt 2.00M 2.00M 2.00M 3.50M 12.89M
Short long term debt total 184.70M 239.06M 247.05M 358.83M 26.05M
Other stockholder equity 470.54M 256.89M 95.68M -184.12M 152.55M
Property plant equipment - 20.93M 15.57M 12.76M 10.95M
Total current assets 227.19M 153.54M 93.45M 56.15M 46.51M
Net tangible assets - 164.85M -132.12M -306.29M 19.76M
Net receivables 147.25M 67.29M 45.03M 30.80M 29.80M
Long term debt 179.44M 237.06M 55.14M 355.33M 13.16M
Inventory 52.80M 72.85M 38.37M 15.12M 8.83M
Accounts payable 14.40M 9.48M 19.98M 14.63M 10.38M
Noncontrolling interest in consolidated entity - - -10.05M - -
Accumulated other comprehensive income 0.00M - - - -2.64M
Common stock total equity - - 0.00M - -
Retained earnings total equity - - -93.13M - -
Non currrent assets other 2.30M 6.33M 5.76M 4.24M -
Non current assets total 628.31M 441.36M 332.97M 139.16M 141.10M
Long term debt total - - 55.14M - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -3.66M -17.04M -3.24M -1.72M -1.41M
Change to liabilities 10.39M -8.39M 4.25M 4.20M -0.66M
Total cashflows from investing activities -3.66M -17.04M -3.24M -1.72M -1.41M
Net borrowings -9.14M -117.70M 343.75M -13.50M -8.50M
Total cash from financing activities -36.59M 20.60M -47.85M -27.49M -19.16M
Change to operating activities 10.91M -4.17M 5.35M -0.15M 0.31M
Net income 143.01M 3.94M 33.77M 25.14M 8.65M
Change in cash -0.79M -0.52M 2.99M 6.97M -17.57M
Begin period cash flow 9.56M 10.07M 7.08M 0.11M 17.67M
End period cash flow 8.77M 9.56M 10.07M 7.08M 0.11M
Total cash from operating activities 39.45M -4.08M 54.08M 36.18M 3.00M
Issuance of capital stock 42.94M 559.90M - - -
Depreciation 10.51M 10.05M 9.40M 9.16M 8.99M
Other cashflows from investing activities -0.50M -12.91M -0.50M -0.50M -
Dividends paid 7.76M 4.84M -376.05M -13.99M 10.66M
Change to inventory -36.93M -17.19M -6.47M -0.69M -4.45M
Change to account receivables -19.21M 0.82M 0.29M -0.47M -9.84M
Sale purchase of stock - 144.82M - - -
Other cashflows from financing activities -24.39M -372.55M 374.44M 2.50M 10.00M
Change to netincome -62.02M 8.44M 8.44M 0.30M -0.04M
Capital expenditures 3.15M 4.13M 3.24M 1.72M 1.41M
Change receivables - 0.82M - - -
Cash flows other operating - -7.74M - - -
Cash and cash equivalents changes - -0.52M - - -
Change in working capital -38.01M -34.16M 2.12M 1.54M -14.63M
Stock based compensation 16.11M 11.29M 8.25M - -
Other non cash items -100.57M 4.60M 0.35M 0.34M -0.00M
Free cash flow 36.30M -8.21M 50.85M 34.46M 1.60M

Peer Comparison*

Sector: Technology Industry: Solar

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
SHLS
Shoals Technologies Group Inc		 0.02
0.27%		 7.47 47.35 15.38 3.20 2.86 3.52 19.20
FSLR
First Solar Inc		 5.55
3.22%		 177.71 13.14 11.49 3.84 2.17 3.54 8.58
NXT
Nextpower Inc.		 0.88
1.10%		 80.85 21.39 18.42 3.38 4.90 3.30 15.84
ENPH
Enphase Energy Inc		 -0.42
1.28%		 32.40 136.61 18.32 6.79 9.24 6.51 53.17
XISHY
Xinyi Solar Holdings Limited		 -
-%		 4.90 11.55 14.93 0.22 1.24 0.24 1.12

Profile*

Shoals Technologies Group Inc

Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions and components for solar, battery energy, and electric vehicle (EV) charging applications in the United States and internationally. The company designs, manufactures, and sells system solutions for both homerun and combine-as-you-go wiring architectures, as well as offers technical support services. It provides EBOS components, including combiners; plug-n-play branch connectors and inline fuses; AC disconnects; recombiners; wireless monitoring; junction boxes; wire management; EV power cabinets; and battery energy storage systems cabinets, as well as cable assemblies, transition enclosures, and splice boxes. In addition, the company offers eMobility solutions, such as a power center, which combines equipment needed to protect the charging equipment and transform voltage levels from the electric utility to those needed on the respective site; quick connect solutions for chargers to connect to the Shoals system; big lead assembly (BLA) technology in the EV space to connect multiple chargers to a single power center; and a raceway system that protects the above ground EV BLAs in walk over and drive over applications. Further, it provides Snapshot IV, a solar operations and maintenance solution that monitors the specific voltage and current of individual solar panels and compares the results against the manufacturer's projected performance. 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.

1400 Shoals Way, Portland, TN, United States, 37148

615 451 1400

https://www.shoals.com

1309

Name Title Year Born
Mr. Jason R. Whitaker CEO, Pres & Director 1980
Ms. Mehgan Peetz Gen. Counsel, Chief Legal Officer & Corp. Sec. 1982
Mr. Jeffery Tolnar SVP of Electric Vehicle Solutions NA
Mr. Dominic Bardos Chief Financial Officer 1965
Mr. John Joseph White Jr. Chief Operating Officer 1966
Mr. Alan D. Neal Chief Technology Officer 1961
Mr. Ben Macias Sr. VP of Sales & Marketing NA
Mr. Alex Stucker Sr. VP of Sales & Bus. Devel. NA
Mr. Kent Miller Sr. VP NA
Mr. Brandon Moss Director & CEO 1980

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

Kalkine

3 Mining Stock
Ideas Report

Download a free report with stock ideas and industry insights for general information.

Download Free Report Now → sector image

Top Stocks by Market Cap*

GQC
CAD 0.85
+23.19%
DHT-U
CAD 13.90
+7.01%
ACQ
CAD 22.98
+6.78%
IE
CAD 14.79
+5.95%
SGD
CAD 17.50
+5.68%
SLI
CAD 2.63
-9.00%
FLT
CAD 0.58
-6.45%
SGR-U
CAD 7.56
-6.44%
BB
CAD 11.57
-5.71%
SGR-UN
CAD 10.75
-5.70%

Equity Sectors*

  • Basic Materials

    +0.57%

  • Communication Services

    -1.04%

  • Consumer Cyclical

    +1.42%

  • Consumer Defensive

    +0.27%

  • Energy

    -0.96%

  • Financial Services

    +0.26%

  • Healthcare

    +0.72%

  • Industrials

    +0.43%

  • Real Estate

    +0.40%

  • Technology

    -0.33%

  • Utilities

    -0.39%

Note: Daily price change (%) by sector excluding stocks with +/-90% daily price change. Companies above $500 million market capitalization are considered.

Support

Hi! How can we help you today?

Loading…