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SHLS 
Shoals Technologies Group Inc (SHLS)
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Upturn Advisory Summary
11/14/2025: SHLS (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
21 Analysts rated it
Well-followed company, solid analyst reports, reliable data for confident investing.
1 Year Target Price $10.03
1 Year Target Price $10.03
| 9 | Strong Buy |
| 4 | Buy |
| 7 | Hold |
| 1 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -52.96% | Avg. Invested days 23 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/14/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.41B USD | Price to earnings Ratio 44.18 | 1Y Target Price 10.03 |
Price to earnings Ratio 44.18 | 1Y Target Price 10.03 | ||
Volume (30-day avg) 21 | Beta 1.69 | 52 Weeks Range 2.71 - 11.36 | Updated Date 11/15/2025 |
52 Weeks Range 2.71 - 11.36 | Updated Date 11/15/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.19 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-11-11 | When - | Estimate 0.1249 | Actual 0.12 |
Profitability
Profit Margin 7.67% | Operating Margin (TTM) 18.78% |
Management Effectiveness
Return on Assets (TTM) 5.3% | Return on Equity (TTM) 5.86% |
Valuation
Trailing PE 44.18 | Forward PE 13.04 | Enterprise Value 1510151417 | Price to Sales(TTM) 3.24 |
Enterprise Value 1510151417 | Price to Sales(TTM) 3.24 | ||
Enterprise Value to Revenue 3.48 | Enterprise Value to EBITDA 20.91 | Shares Outstanding 167388418 | Shares Floating 144007604 |
Shares Outstanding 167388418 | Shares Floating 144007604 | ||
Percent Insiders 0.92 | Percent Institutions 114.96 |
Upturn AI SWOT
Shoals Technologies Group Inc
Company Overview
History and Background
Shoals Technologies Group Inc. was founded in 1996. It initially focused on electrical balance of system (EBOS) solutions for various industries. Over time, Shoals specialized in EBOS solutions for the solar energy market, becoming a leading provider of these components and systems.
Core Business Areas
- System Solutions: Shoals designs and manufactures complete EBOS solutions for solar projects, including wiring, connectors, and monitoring systems.
- Components: Shoals offers individual EBOS components like combiner boxes, wire harnesses, and disconnects.
Leadership and Structure
Brandon Baxendale is the Chief Executive Officer. The company has a standard corporate structure with departments for engineering, manufacturing, sales, and finance, reporting to the executive leadership team and ultimately the board of directors.
Top Products and Market Share
Key Offerings
- Big Lead Assembly (BLA): Shoals' patented BLA is a wire management solution that reduces labor and material costs for solar installations. While specific market share data is not publicly available, it is considered a flagship product driving a significant portion of Shoals' revenue. Competitors include Amphenol, Staubli, and TE Connectivity.
- Combiner Boxes: Shoals manufactures combiner boxes that consolidate multiple PV circuits into a single output. Market share data is not publicly available. Competitors include Schneider Electric, Eaton, and ABB.
Market Dynamics
Industry Overview
The solar energy industry is experiencing rapid growth driven by increasing demand for renewable energy and declining costs of solar technology. This growth fuels demand for EBOS components.
Positioning
Shoals Technologies Group Inc. is a leading provider of EBOS solutions, recognized for its innovative products and cost-effective designs. Its competitive advantages include its patented BLA product and its focus on reducing installation costs for solar projects.
Total Addressable Market (TAM)
The EBOS market is projected to reach multi-billion dollars in the next few years. Shoals, with its leadership position and focus on innovation, is well-positioned to capture a significant portion of this TAM.
Upturn SWOT Analysis
Strengths
- Innovative product portfolio
- Strong customer relationships
- Efficient manufacturing processes
- Focus on cost reduction
- Patented technologies
Weaknesses
- Reliance on the solar energy market
- Customer Concentration
- Potential supply chain disruptions
- Single-Source suppliers for certain components
Opportunities
- Expansion into new geographic markets
- Development of new EBOS solutions for energy storage and other renewable energy applications
- Increased adoption of solar energy
- Strategic acquisitions
- Government incentives and policies favoring renewable energy
Threats
- Changes in government regulations
- Increased competition
- Price pressure from customers
- Economic downturn
- Technological obsolescence
Competitors and Market Share
Key Competitors
- ARRY
- FSLR
- SEDG
- ENPH
Competitive Landscape
Shoals Technologies Group Inc. competes with other EBOS providers based on price, performance, and innovation. Shoals' patented BLA product gives it a competitive advantage.
Growth Trajectory and Initiatives
Historical Growth: Shoals Technologies Group Inc. has experienced significant growth in recent years driven by the increasing demand for solar energy.
Future Projections: Analysts project continued growth for Shoals Technologies Group Inc. driven by the increasing adoption of solar energy and the company's innovative product offerings.
Recent Initiatives: Recent initiatives include expanding manufacturing capacity and developing new EBOS solutions.
Summary
Shoals Technologies Group Inc. is a leading EBOS provider in the rapidly growing solar energy market. Its innovative product portfolio and focus on cost reduction provide a competitive advantage. While relying heavily on the solar market is a risk, expanding into adjacent markets can help mitigate it. Overall, Shoals is well-positioned for future growth.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company filings
- Analyst reports
- Industry publications
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Market conditions and company performance can change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Shoals Technologies Group Inc
Exchange NASDAQ | Headquaters Portland, TN, United States | ||
IPO Launch date 2021-01-27 | Director & CEO Mr. Brandon Moss | ||
Sector Technology | Industry Solar | Full time employees 1290 | Website https://www.shoals.com |
Full time employees 1290 | Website https://www.shoals.com | ||
Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions and components in the United States and internationally. The company designs, manufactures, and sells various products used by the solar and battery storage industries, including solar big lead assembly (BLA) solutions, a plug-and-play cable and cabinet solutions; homeruns, interconnection, and extension solutions; combiners and re-combiners; load break disconnects and transition solutions which reduces feeder sizes or disconnect systems for maintenance and shutdowns; wireless performance monitoring, a real-time performance monitoring solutions; and battery energy storage solutions (BESS), an EBOS solutions for solar and storage, and standalone energy storage projects. It also offers original equipment manufacturer (OEM) components; and technical support services during installation and the transition to operations and maintenance. 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.
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