Shoals Technologies Group stock
SHLSNASDAQShoals Technologies Group, Inc., EnergyISIN US82489W1071
52Score 52 out of 100, Neutral
Price and trend
69 / 100
Price history
−9.6% in one yearThe chart shows daily closes over 6 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 4.3% below it.
Since September 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 53).
The price is 37% below its 52-week high. Largest decline in 6 years: 93% (February 2021 to March 2025).
Chart figures for advanced users
- SMA 50$7.86
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$8.44
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)53
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$5.71
- The lowest closing price of the last twelve months.
- Resistance$12.77
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Shoals Technologies Group, Inc. belongs to the Solar industry (United States) and, with a market value of $1.36B, is number 9 of 12 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $475.33M (up 19.1% year on year) and earnings of $33.57M (up 39.2%).
- For fiscal 2026, analysts expect on average revenue of $628.05M (up 32.1%) and adjusted earnings per share of $0.43 (up 22.9%).
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- MEQIRI Score 52 out of 100 (Neutral): rank 184 of 266 in Energy, median 60.
- The P/E is 36.3 (Solar median 25.1, own median of recent years 41).
- Our model puts fair value at $5.94, with the price 48% above it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Growing faster than its industryRevenue up 22% a year since 2020, Solar median 11.9%.Growth 53
- Consistently profitableProfit in all 8 fiscal years from 2018 to 2025.Fundamentals 57
- Analysts expect strong earnings growthUp 20% a year through 2028 (estimates from 10 analysts).Growth 53
Weaknesses
- Volatile share priceVolatility 86% a year over the last 12 months.Stability 64
- Negative free cash flowFree cash flow −$34.54M over the last 12 months.Fundamentals 57
- Margin fallingOperating margin 11.9%, average of the prior years 17% (to 2024).Profitability 43
The score is held back by profitability and valuation.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 51 to 52.
The fundamentals are in the middle range.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk high
How well MEQIRI warnsOne of the 30% with the highest crash risk among smaller stocks.
From 2016 to 2025, 36 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- high price swings
- cyclical sector (energy or materials), as a group, crashed more often in the backtest
- price far below its 52-week high
Valuation
Valuation signal
Modestly overvaluedClosing price of 11 Nov 2026, used by the daily score.
In our model the price counts as cheap below $3.96 and expensive above $11.88 (uncertainty very high, based on the price swings of the past year).
The two parts of the fair value come to $6.30 (cash-flow model) and $5.58 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is above both.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $5.35, at 7.8% it would be $6.83.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (25.1).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 49.2% on the twelve months before. Revenue has grown strongly since 2018, at around 24% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 35%, operating 12%, net 7%.
Debt & balance sheet
latest quarterModerate debt, and interest is adequately covered.
Earnings
- Next earnings
- 23 Feb 2027in 103 days
- Last reported
- 4 Nov 2026EPS reported $0.14 (expected $0.12)above expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- $0.43−0.7%
- Revenue
- $628.05M0.0%
- Earnings per share
- $0.56−0.3%
- Revenue
- $700.13M+0.4%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: −7.4%Full-year guidance reaffirmed: revenue of $600 million to $640 million and adjusted EBITDA of $118 million to $132 million; third quarter revenue of $150 million to $170 million.
“For the full year 2026, we are reaffirming our prior guidance and continue to expect revenue to be between $600 million and $640 million, representing year-over-year growth of 30% at the midpoint and adjusted EBITDA to be in the range of $118 million to $132 million, representing year-over-year growth of 26% at the …”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 4 Aug 2026 (fiscal Q2 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases in the last 6 months. One insider sold, $104,100 in total.
Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.
- King Bobbie Lee JrSale
16 Jun 2026, Chief Legal Officer
- Shares
- 10,000
- Price
- $10.41
- Value
- $104,100
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Shoals Technologies Group
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
266 rated companies in Energy
- This company
- 52
- Sector median
- 60
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Solar
The next larger and next smaller companies by market value
- Waaree EnergiesWAAREEENER.NS $7.68B67
- Enphase EnergyENPH $3.74B45
- SunrunRUN $2.19B43
- SMA Solar TechnologyS92.DE $1.86B36
- SolarEdge TechnologiesSEDG $1.65B26
- Array TechnologiesARRY $800.84M34
- Canadian SolarCSIQ $690.51M28
- 7C SolarparkenHRPK.DE $145.73M51
ETFs that hold Shoals Technologies Group
Held by 14 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| Invesco Solar Energy UCITS ETFS0LR | 3.08% | 0.69% | €138.27M |
| iShares Global Clean Energy Transition UCITS ETFIQQH | 1.06% | 0.65% | €2.49B |
| Invesco Global Clean Energy UCITS ETF AccumUSDG1CE | 1.05% | 0.60% | €87.44M |
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| Amundi MSCI New Energy UCITS ETF DistLYM9 | 0.17% | 0.60% | €956.11M |
| Xtrackers Russell 2000 UCITS ETF 1CXRS2 | 0.05% | 0.30% | €2.17B |
| State Street SPDR Russell 2000 U.S. Small Cap UCITS ETF (Acc)ZPRR | 0.05% | 0.30% | €4.22B |
| iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETFSXRG | 0.04% | 0.43% | €2.48B |
| iShares MSCI World Small Cap CTB Enhanced ESG UCITS ETFCBUG | 0.04% | 0.35% | €434.1M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 4 Nov 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.