Shoals Technologies Group Inc (SHLS) Fair Value & Analysis
Technology · US · Market cap $1.8B · ISIN US82489W1071
What is Shoals Technologies Group Inc really worth?
Shoals Technologies Group Inc
SHLS · US
Below-average quality, and trading another 67% above our fair value of $4.20.
Risks
Fair value as of: Aug 14, 2026
From 17 valuation models · updated 22 days ago
Share price −23.8% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case ($5.25). The favourable scenario is already priced in.
- Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 14, 2026.
How to read this chart
60‑month range $2.81 – $37.49 · fair‑value band $3.11 – $5.25 · the $7.03 price screens above the $4.20 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 14, 2026.
Analysis
Shoals Technologies Group Inc (SHLS) currently trades at $7.03, while our model-based Fair Value estimate is $4.20, implying the stock looks roughly 67.4% overvalued today. The Quality Score stands at 44/100 (below-average quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of $5.71 per share, and 1 of the 17 models we run sit above the $7.03 price. Bear case: the Economic Profit group reads lowest at $1.47, and 16 of the 17 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Shoals Technologies Group Inc generated revenue of $536M at a net margin of 6.3%. Revenue grew 74.9% year over year. It earns a return on equity of 5.8%. Net debt stands at $168M. Fundamentals as of Aug 14, 2026
Our scenario range runs from $3.11 (bear case) to $5.25 (bull case); at $7.03, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 47% below its 52-week high and 76% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at −6% fair-value upside, at −40%, SHLS screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $0.1353 per share, which is 3.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 17 models by family
Widest divergence: Growth Earnings ($5.71) versus Dividend Discount ($0.1000). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 14, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 44 · Market factors (momentum, volatility) 27
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions and components in the United States and internationally.
Full company description
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 description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Shoals Technologies Group Inc reported revenue of $475M in FY2025 versus $213M in FY2021, a compound +22.2%/yr. Reported net income was $33.6M in FY2025, compounding +94.5%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
SHLS screens 67% overvalued. Compare with First Solar, Inc →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Spotting Winners: Shoals (NASDAQ:SHLS) And Renewable Energy Stocks In Q2
- Shoals Technologies (SHLS) Q2 2026 Earnings Call Transcript
- Shoals Technologies Group, Inc. Q2 2026 Earnings Call Summary
- Shoals Technologies Group Q2 Earnings Call Highlights
Peer Group
Solar · 109 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Solar median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Solar stocks, each showing price versus our Fair Value estimate (as of Aug 14, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| First Solar, Inc FSLR | $210.10 | $392.12 | +87% |
| Nextpower Inc NXT | $103.67 | $69.61 | −33% |
| Waaree Energies Limited WAAREEENER | ₹2,624 | ₹2,709 | +3% |
| Tongwei Co 600438 | ¥12.89 | ¥12.13 | −6% |
| Jinko Solar Co 688223 | ¥4.16 | ¥6.47 | +56% |
| Enphase Energy, Inc ENPH | $39.25 | $24.15 | −38% |
| CSI Solar Co 688472 | ¥10.28 | ¥6.76 | −34% |
| Hengdian Group 002056 | ¥21.53 | ¥31.86 | +48% |
| Premier Energies Limited PREMIERENE | ₹1,017 | ₹648.94 | −36% |
| Trina Solar Co 688599 | ¥12.77 | ¥7.97 | −38% |
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