Shoals Technologies Group, Inc.(SHLS) Stock Research - Grey Stern Research
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Shoals Technologies Group, Inc. (SHLS) Stock Analysis

$5.16 (-1.15%)

SHLS Financial Performance


Use the table below to view Shoals Technologies Group, Inc.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q3 - 2024

Metric Value Ranking among Peers
Price $5.22 -
52 Week Low $4.07 -
52 Week High $17.50 -
Market Cap $870.2 Million 5/6
Gross Margin 25% 5/6
Profit Margin 3% 3/6
EBITDA margin 0% 3/6
Q3 - 2024 Revenue $102.2 Million 6/6
Q3 - 2024 Earnings $3.1 Million 3/6
Q3 - 2024 Free Cash Flow $13.3 Million 4/6
Trailing 4 Quarters Revenue $422.7 Million 6/6
Trailing 4 Quarters Earnings $55.5 Million 2/6
Quarterly Earnings Growth 114% 2/6
Annual Earnings Growth 65% 2/6
Quarterly Revenue Growth -24% 5/6
Annual Revenue Growth -14% 5/6
Cash On Hand $11.1 Million 6/6
Short Term Debt $0 6/6
Long Term Debt $141.8 Million 5/6

Shoals Technologies Group, Inc. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Shoals Technologies Group, Inc.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 15.69 2/6
PS 2.06 2/6
PB 1.60 4/6
PC 78.35 1/6
Liabilities to Equity 0.47 5/6
ROA 0.07 1/6
ROE 0.10 1/6
Current Ratio 3.13 1/6
Quick Ratio 0.04 5/6
Long Term Debt to Equity 0.26 3/6
Debt to Equity 0.26 3/6
Burn Rate 4.39 2/6
Cash to Cap 0.01 6/6
CCR 4.24 3/6
EV to EBITDA 2189.96 1/6
EV to Revenue 2.37 3/6

Company Details

Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions for solar energy projects in the United States. It produces EBOS components, including cable assemblies, inline fuses, combiners, disconnects, recombiners, wireless monitoring systems, junction boxes, transition enclosures, splice boxes, wire management solutions, and IV curve benchmarking devices. The company also sells EV Charging solutions for public and fleet electric vehicle charging stations; and EBOS systems. It sells its products principally to engineering, procurement, and construction firms that build solar energy projects and install electric vehicle charging stations. Shoals Technologies Group, Inc. was founded in 1996 and is headquartered in Portland, Tennessee.

CEO:

Website: https://www.shoals.com

Address: 1400 Shoals Way Portland, TN

Exchange: NASDAQ Global Market

Industry: Solar

Shoals Technologies Group, Inc. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Shoals Technologies Group, Inc.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Sunnova Energy International Inc. NOVA $672.2 Million
Playtika Holding Corp. PLTK $3.2 Billion
Qualtrics International Inc. XM $11.0 Billion
Array Technologies, Inc. ARRY $1.0 Billion
Fluence Energy, Inc. FLNC $2.4 Billion
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement

Latest News

SHLS Income Statements
Quarter Year Revenue Earnings
Q3 2024 $ 102.2 Million $3.1 Million
Q2 2024 $ 99.2 Million $11.8 Million
Q1 2024 $ 90.8 Million $4.8 Million
Q4 2023 $ 130.4 Million $35.8 Million
Q3 2023 $ 134.2 Million -$23.1 Million
Q2 2023 $ 119.2 Million $18.9 Million
Q1 2023 $ 105.1 Million $14.3 Million
Q3 2022 $ 90.8 Million $12.8 Million

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SHLS Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q3 2024 $11.1 Million $801.3 Million $141.8 Million $545.2 Million
Q2 2024 $3.2 Million $788.4 Million $146.8 Million $544.6 Million
Q1 2024 $15.2 Million $825.3 Million $168.8 Million $554.0 Million
Q4 2023 $22.7 Million $844.0 Million $181.4 Million $545.0 Million
Q3 2023 $9.2 Million $840.1 Million $190.4 Million $524.6 Million
Q2 2023 $5.9 Million $818.8 Million $210.6 Million $529.4 Million
Q1 2023 $6.5 Million $808.6 Million $235.8 Million $506.1 Million
Q3 2022 $11.2 Million $529.9 Million $276.9 Million $26.4 Million

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SHLS Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q3 2024 $13.3 Million -$2.4 Million $7.9 Million
Q2 2024 $35.8 Million -$2.0 Million -$12.0 Million
Q1 2024 $10.4 Million -$2.5 Million -$7.5 Million
Q4 2023 $18.6 Million $0 $18.6 Million
Q3 2023 -$2.8 Million $0 -$2.8 Million
Q2 2023 $25.5 Million -$2.4 Million -$600,000
Q1 2023 $7.9 Million -$2.0 Million -$2.3 Million
Q4 2022 $33.7 Million -$761,000 -$22.9 Million

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