Shoals Technologies Group, Inc. (SHLS) Stock Price & Analysis

Shoals Technologies Group, Inc. (SHLS) closed at USD 7.73 on Thursday, October 22, 2026, down 2.83% on the day. The US market is currently closed (pre-market); this is not a live price.

The prior close was USD 7.96; the Oct 22, 2026 session ranged USD 7.46–7.93 on volume of 3,402,733 shares. Market capitalization is $1.30B, with a 52-week range of USD 5.43–13.18 (NGM). Source: Nexqual, retrieved October 23, 2026 at 10:01 UTC.

Also available as compact Markdown for AI agents: nexqual.com/SHLS.md

Key facts (SHLS)

• Last four reported quarters (through Jun 30, 2026): revenue $588M, net income $31.8M (5.4% margin), free cash flow -$51.6M (SEC filings).
• Valuation: P/E 40.9x (avg 48.4x at the last 3 fiscal year-ends).
• Insider open-market sales, last ~7 months: 2 Form 4 filings, $566K; 2 not under a Rule 10b5-1 plan ($566K); 0 by opportunistic insiders, 1 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
• Analysts: Buy (mean 2.26 on a 1–5 scale) (19 analysts), mean target USD 11.06 (range 6.5–15).
• Total return with dividends: 1Y -25.1% vs S&P 500 +14.9%; 5Y -70.2% vs S&P 500 +80.3%.
• Next earnings: 2026-11-04, EPS estimate USD 0.12, revenue estimate $162M.

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (SHLS)

Fiscal years end Dec. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jun 30, 2026) (SHLS)

P/E 40.9x · P/S 2.2x · P/B 2.1x · FCF yield -3.97% · Earnings yield 2.45%

P/E at fiscal year-ends: Dec 2025 42.6x, Dec 2024 38.7x, Dec 2023 64.0x.

Insider sales (SEC Form 4, open-market, last ~7 months) (SHLS)

0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.

% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).

Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

Analysts (SHLS)

Consensus Buy (mean 2.26 on a 1–5 scale), 19 analysts; mean target USD 11.06 (low 6.5, high 15).

Rating changes, last 120 days:

Total return (dividends reinvested) (SHLS)

SHLS revenue by product line (quarter ended Jun 30, 2026)

As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).

SHLS suppliers, customers and competitors (named in its 10-K)

Quoted from the company's 10-K filed Feb 24, 2026.

SHLS customer concentration

In the period ended Jun 30, 2026, 2 direct customers each accounted for at least 10% (18.9%, 13.7%) of revenue, per the company's 10-Q filed Aug 4, 2026. The company does not name them.

SHLS company outlook (results filed Aug 4, 2026)

• “Outlook – PORTLAND, TN. – August 4, 2026 (GLOBE NEWSWIRE) – Shoals Technologies Group, Inc.”
• “("Shoals" or the "Company") (Nasdaq: SHLS), a global leader in electrical infrastructure solutions for the energy transition market, today announced results for its second quarter ended June 30, 2026. "The year is progressing well, with second quarter revenue and Adjusted EBITDA within our expected range.”

Quoted word-for-word from the SEC 8-K results press release.

SHLS analyst estimates and revisions

Key Statistics (as of October 23, 2026 at 10:01 UTC)

Technical Analysis (SHLS)

Nexqual's technical model rates SHLS "SELL" based on 1 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 10:01 UTC.

Analyst Ratings (SHLS)

Wall Street analysts rate SHLS "Buy" based on 19 analysts, with a mean price target of USD 11.06 (range USD 6.5–15), per Nexqual as of October 23, 2026 at 10:01 UTC.

Earnings (SHLS)

Recent Earnings History

Source: Nexqual, October 23, 2026 at 10:01 UTC.

Financials & Fundamentals (SHLS)

Source: Nexqual, October 23, 2026 at 10:01 UTC.

Financial Health Score (SHLS)

Nexqual rates Shoals Technologies Group, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 10:01 UTC.

Ownership (SHLS)

Source: Nexqual, October 23, 2026 at 10:01 UTC.

Leadership (SHLS)

Shoals Technologies Group, Inc. is led by Brandon Moss, CEO & Director, per Nexqual as of October 23, 2026 at 10:01 UTC.

Major Backers & Investors (SHLS)

Notable institutional backers of Shoals Technologies Group, Inc. include Price (T.Rowe) Associates Inc, First TRT Exch-Trd Fd. VI-First TRT RBA American Industrial Renaissanc, Invesco, according to Nexqual as of October 23, 2026 at 10:01 UTC.

Active Investors

Index Funds (Passive)

Source: Nexqual, October 23, 2026 at 10:01 UTC.

From Shoals Technologies Group, Inc.'s Latest SEC 10-K Filing (filed 2026-02-24)

Key Strengths & Strategy (as disclosed to the SEC)

• We believe our system solutions are unique in our industry because they integrate design and engineering support, proprietary components and innovative installation methods into a single offering.
• The success of our business depends, in part, on our ability to maintain and protect our proprietary technologies, information, processes and know-how.
• Given the custom nature of both our system solutions and individual components and the long development cycle for solar energy and BESS projects, we typically have 12 months or more of lead time to quote, engineer, produce and ship orders we receive, and we do not stock large amounts of finished goods.
• We rely primarily on patent, trademark, copyright and trade secret laws in the U.S., confidentiality agreements and procedures and other contractual arrangements to protect our technology.

Partnerships

• As needed, we collaborate with academia, national laboratories, and consultants to further enhance our capabilities and confirm results independently.

Legal & Regulatory Risks (Item 1A, quoted)

• Changes in other current laws or regulations applicable to us or the imposition of new laws, regulations or policies in the U.S. or other jurisdictions in which we do business could have a material adverse effect on our business, financial condition and results of operations.
• Changes in tax laws or regulations that are applied adversely to us, or our customers could materially adversely affect our business, financial condition, results of operations and prospects.

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

Peers & Related Stocks

Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:01 UTC. This page is informational and not investment advice.

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