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Upturn AI Summary - About
Shoals Technologies Group Inc(SHLS)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for SHLS
11/06/2026: SHLS (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Shoals Technologies Group is a specialized provider of electrical balance of system (EBOS) solutions, primarily serving the utility-scale solar market. The company is best known for its patented Big Lead Assembly technology, which reduces labor costs for solar developers and has helped establish a strong competitive position. Its growth story is built on the increasing global adoption of solar energy, with new opportunities emerging in energy storage and EV charging infrastructure. Key risks include significant customer concentration, exposure to fluctuating copper prices, and sensitivity to renewable policy changes. The stock may suit growth-oriented investors looking for exposure to the energy transition, though they should monitor project execution and sectoral policy closely.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The company operates in the high-growth renewable energy sector, aligning well with long-term capital appreciation strategies. |
| Momentum investor | Mixed fit | Momentum is highly dependent on clean energy sector sentiment and favorable project timing updates. |
| Value investor | Mixed fit | Valuation is often tied to high growth expectations, which can lead to premium pricing. |
| Dividend investor | Weak fit | The company does not pay a dividend and currently prioritizes reinvesting for growth. |
| Low-risk investor | Weak fit | The stock exhibits high volatility due to its concentration in a single industry and sensitivity to policy risks. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock is susceptible to significant swings based on industry-wide sentiment and clean energy market cycles. |
| Valuation risk | Medium / high | As a growth-oriented stock, it frequently trades at multiples that require sustained, consistent performance to justify. |
| Competition risk (general electrical manufacturing) | Medium | Established players with deeper balance sheets could potentially increase competition in specialized solar components. |
| Business quality | Medium | While the product has a competitive moat through patents, the company relies heavily on the success of the utility-scale solar market. |
| Dividend income | Low / none | Investors seeking income will not find a dividend-paying opportunity here. |
| Execution risk | Medium | Delivering projects on time while managing copper price fluctuations and supply chain logistics is critical for maintaining margins. |
Price Behavior
Steady Uptrend
The stock demonstrates consistent and steady upward price momentum.
Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type Stock | Historic Profit -58.66% | Avg. Invested days 17 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/06/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.70B USD | Price to earnings Ratio 45.82 | 1Y Target Price 11.3 |
Price to earnings Ratio 45.82 | 1Y Target Price 11.3 | ||
Volume (30-day avg) 5.9M shares | Beta 1.85 | 52 Weeks Range 5.43 - 13.18 | Updated Date 11/08/2026 |
52 Weeks Range 5.43 - 13.18 | Updated Date 11/08/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.22 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Solar Electrical Balance of System (EBOS) | Wire harnesses, combiner boxes, and related connectivity products for utility-scale solar. | The company profits by selling essential components that save solar project builders significant time and labor costs. |
| Geography: North America | Primary revenue generation from US-based solar and energy storage installations. | Revenue is heavily tied to the health and policy incentives of the domestic US renewable energy market. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2026-11-04 | When Before Market | Estimate 0.1 | Actual 0.12 |
Profitability
Profit Margin 5.84% | Operating Margin (TTM) 15.84% |
Management Effectiveness
Return on Assets (TTM) 6.45% | Return on Equity (TTM) 6.16% |
Valuation
Trailing PE 45.82 | Forward PE 16.23 | Enterprise Value 1.89B | Price to Sales(TTM) 2.62 |
Enterprise Value 1.89B | Price to Sales(TTM) 2.62 | ||
Enterprise Value to Revenue 2.92 | Enterprise Value to EBITDA 22.69 | Shares Outstanding 168.47M | Shares Floating 166.79M |
Shares Outstanding 168.47M | Shares Floating 166.79M | ||
Percent Insiders 1.05 | Percent Institutions 119.5 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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