YOLFTbeta
Shoals Technologies Group Inc

Shoals Technologies Group Inc

SHLS · NASDAQ · Technology / Solar

8.29USD+0.22 (+2.73%)

Price History

Full chart

Market Stats

Previous Close8.07
Open8.07
Day Range7.76 – 8.33
52-Week Range5.43 – 13.18
Volume3.92M
Market Cap1.26B
P/E (TTM)39.32
Forward P/E12.85
EPS0.19
Dividend Yield0.00%
Beta1.89
50-Day Avg8.11
200-Day Avg8.60

About

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; homeruns, interconnection, and extension solutions; combiners and re-combiners; load break disconnects and transition solutions; wireless performance monitoring; and battery energy storage solutions (BESS). 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.

Company Details

  • SectorTechnology
  • IndustrySolar
  • CEOMr. Brandon Moss
  • Employees1.48K
  • Headquarters1500 Shoals Way, Portland, TN, United States, 37148, USA
  • Websitehttps://www.shoals.com

Leadership

  • Mr. Brandon MossCEO & Director · b. 1980
  • Mr. Jeffery TolnarPresident · b. 1964
  • Mr. Dominic BardosChief Financial Officer · b. 1966
  • Mr. Bobbie L. King Jr.Chief Legal Officer & Corporate Secretary · b. 1986
  • Ms. Kirsten MoenChief Operations Officer · b. 1976
  • Mr. David Sean Van BibberChief Accounting Officer · b. 1971
  • Mr. Matthew TractenbergVice President of Finance & Investor Relations
  • Ms. Lindsey WilliamsVice President of Marketing
  • Ms. Karen BazelaVice President of Sales
  • Mr. James HartChief People Officer · b. 1981

Financials

Income Statement

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue103.75M144.50M175.52M213.21M326.94M488.94M399.21M475.33M
Growth (%)-+39.27%+21.47%+21.48%+53.34%+49.55%-18.35%+19.07%
Cost of Revenue75.58M100.28M108.97M130.57M195.63M320.63M257.19M308.82M
Gross Profit28.17M44.21M66.55M82.64M131.31M168.30M142.02M166.51M
Gross Margin27.15%30.60%37.91%38.76%40.16%34.42%35.57%35.03%
Operating Expense17.08M17.28M29.27M46.41M64.98M89.27M90.84M110.12M
Operating Income11.09M26.93M37.28M36.23M66.33M79.03M51.17M56.38M
Operating Margin10.69%18.64%21.24%16.99%20.29%16.16%12.82%11.86%
EBITDA20.08M36.09M46.68M28.63M181.05M89.56M64.32M67.11M
EBITDA Margin19.35%24.98%26.60%13.43%55.38%18.32%16.11%14.12%
Net Income8.65M25.14M33.77M2.35M127.61M39.97M24.13M33.57M
Net Income Margin8.33%17.40%19.24%1.10%39.03%8.18%6.04%7.06%
Interest Expense2.44M1.79M3.51M14.55M18.54M24.10M13.83M9.99M
Interest Expense % of Total Revenue2.35%1.24%2.00%6.82%5.67%4.93%3.46%2.10%

Balance Sheet

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets185.53M187.61M195.31M426.41M594.89M843.99M793.08M904.10M
Total Liabilities47.25M37.70M379.43M433.91M293.91M299.00M236.28M304.13M
Total Equity138.28M149.91M-184.12M2.55M291.37M545.00M556.80M599.97M
Cash108.00K7.08M10.07M5.01M8.77M22.71M23.51M7.32M
Total Debt39.52M26.05M358.83M247.05M239.06M181.44M141.75M175.41M
Net Debt39.41M18.97M348.76M242.05M230.30M158.74M118.24M168.09M

Cash Flow

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow3.00M36.18M54.08M-4.08M39.45M91.95M80.39M17.07M
Investing Cash Flow-1.41M-1.72M-3.24M-17.04M-3.66M-10.85M-8.39M-27.95M
Financing Cash Flow-19.16M-27.49M-47.85M20.60M-36.59M-67.17M-71.19M-5.30M
Capital Expenditure1.41M1.72M3.24M4.13M3.15M10.58M8.39M33.04M
Free Cash Flow1.60M34.46M50.85M-8.21M36.30M81.38M72.00M-15.98M
Dividends Paid10.66M13.99M376.05M405.38M1.30M---
FCF to OCF53.18%95.25%94.02%201.05%92.01%88.50%89.56%-93.61%
Dividend Paid to FCF667.98%40.59%739.58%-4938.19%3.57%---

Earnings

Report DateDec 31, 2019Dec 2, 2020Mar 15, 2021May 4, 2021Aug 10, 2021Nov 9, 2021Mar 10, 2022May 16, 2022Aug 15, 2022Nov 14, 2022Feb 28, 2023May 8, 2023Aug 1, 2023Nov 7, 2023Feb 28, 2024May 7, 2024Aug 6, 2024Nov 12, 2024Feb 26, 2025May 6, 2025Aug 5, 2025Nov 4, 2025Mar 3, 2026May 5, 2026Aug 4, 2026Nov 3, 2026
EPS Estimate0.000.150.080.040.090.070.040.070.070.080.090.100.130.150.170.060.080.100.100.040.080.130.140.060.090.10
EPS Actual0.090.120.070.050.090.070.010.050.070.100.150.140.140.200.120.070.100.080.080.030.100.120.100.070.10-
Surprise--19.47%-12.50%25.00%0.00%0.00%-75.00%-28.57%0.00%25.00%66.67%40.00%7.69%33.33%-29.41%16.67%25.00%-20.00%-16.75%-25.00%25.00%-7.69%-26.42%16.67%11.11%-
Timing--After-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursPre-marketPre-marketPre-market-Pre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap1.26B
Enterprise Value1.52B
Trailing P/E39.32
Forward P/E12.85
PEG Ratio0.54
Price / Sales2.14
Price / Book2.10
EPS0.19
Book Value3.67
Revenue (TTM)588.06M
Gross Profit (TTM)188.82M
EBITDA100.62M
Profit Margin5.42%
Operating Margin13.81%
Return on Equity5.34%
Return on Assets5.84%
Shares Outstanding168.30M
Shares Float166.61M
Beta1.89
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 21 analystsTarget 11.32
  • Strong Buy
    9
  • Buy
    4
  • Hold
    7
  • Sell
    1

Ownership Breakdown

Institutions
118.55%
Insiders
1.06%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    19.85M11.79%
  • T. Rowe Price Associates, Inc.
    19.60M11.64%
  • Amvescap Plc.
    7.78M4.62%
  • Vanguard Capital Management, LLC
    7.36M4.37%
  • State Street Corp
    6.01M3.57%
  • Vanguard Portfolio Management, LLC
    5.89M3.50%
  • Amundi
    5.73M3.41%
  • BNP Paribas Investment Partners SA
    5.33M3.17%
  • T. Rowe Price Investment Management,Inc.
    5.03M2.99%
  • Dimensional Fund Advisors, Inc.
    4.59M2.73%
  • Geode Capital Management, LLC
    4.56M2.71%
  • Greenvale Capital LLP
    4.25M2.53%
  • Handelsbanken Fonder AB
    3.77M2.24%

Top Fund Holders

  • First Trust RBA Amer Indl RenaisTM ETF
    7.66M4.55%
  • iShares Global Clean Engy Trns ETF $Dist
    5.57M3.31%
  • Vanguard MStar Total Stk Mkt Idx Invest
    5.34M3.18%
  • iShares Russell 2000 ETF
    4.37M2.60%
  • BNP Clean Energy Solutions C D
    4.27M2.54%
  • BGF Sustainable Energy A2
    3.97M2.36%
  • Invesco Solar ETF
    3.85M2.29%