SHLS
Shoals Technologies Group, Inc.
NasdaqGMUSDEQUITY
Technology
DELAYED
Last price
7.17
▼ 0.21 (2.80%)
MARKET · —
Price
Open
7.42
Prev close
7.38
Day high
7.46
Day low
7.04
Volume
7.38M
Market cap
$1.19B
P/E (TTM)
37.34
52W range
5.43 – 13.18
Trailing performance
Returnvs SPY
1W
-16.04%
-14.7%
1M
-28.26%
-32.0%
3M
-25.71%
-28.8%
6M
-33.13%
-44.2%
YTD
-16.53%
-28.8%
1Y
+15.37%
-4.6%
3Y
-64.96%
-139.1%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$1.19B
Enterprise value$1.41B
Revenue (TTM)$588.06M
Gross profit$188.82M
EBITDA$100.62M
Net income$31.84M
EPS (TTM)$0.19
Free cash flow$-42.99M
Total cash$15.72M
Total debt$233.81M
Book value / share$3.59
Shares outstanding168.30M
Float166.62M
Short % of float14.47%
Dividend yield—
Beta (5Y)1.92
Valuation & profitability ratios
Trailing P/E37.34
Forward P/E12.87
PEG ratio0.70
Price / sales—
Price / book1.98
EV / revenue2.40
EV / EBITDA14.04
Gross margin32.11%
Operating margin13.81%
Profit margin5.42%
Return on equity5.34%
Return on assets5.84%
Debt / equity37.88
Current ratio2.25
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $475.33M | $399.21M | $488.94M | $326.94M |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | $33.57M | $24.13M | $39.97M | $127.61M |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | $33.57M | $24.13M | $39.97M | $127.61M |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.10 | 0.12 | +20.3% |
| Mar 2026 | 0.06 | 0.07 | +10.2% |
| Dec 2025 | 0.14 | 0.10 | -28.4% |
| Sep 2025 | 0.13 | 0.12 | -4.2% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.13 | 15 | $161.86M | +19.2% |
| Next quarter | 0.14 | 15 | $162.12M | +9.3% |
| Current year | 0.44 | 17 | $626.12M | +31.7% |
| Next year | 0.55 | 18 | $697.47M | +11.4% |
Analyst targets & ownership
Mean target$11.32
High target$15.00
Low target$6.50
Implied upside57.86%
Analyst count19
ConsensusNONE
Strong buy / Buy4 / 9
Hold6
Sell / Strong sell0 / 1
Held by insiders1.06%
Held by institutions118.86%
Institutions holding414
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
+118.36K
Net buying
Buy transactions
9
182.81K shares
Sell transactions
2
64.45K shares
Net transactions
+11
Buys less sells
Sell : buy shares
0.4 : 1
Mixed
Insider-held shares
1.78M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jun 16, 26 | KING BOBBIE LEE JR Officer |
SELL | 10.00K | $104.10K | Direct |
| Jun 16, 26 | KING BOBBIE LEE JR Officer |
STOCK | 1.00K | $0 | Direct |
| May 8, 26 | BARDOS DOMINIC Chief Financial Officer |
SELL | 54.45K | $461.73K | Direct |
| Apr 30, 26 | MILLS JEANNETTE M. Director |
STOCK | 22.67K | $0 | Direct |
| Apr 30, 26 | SUNDBERG LORI S. Director |
STOCK | 22.67K | $0 | Direct |
| Apr 30, 26 | JULIAN ROBERT K Director |
STOCK | 22.67K | $0 | Direct |
| Apr 30, 26 | DAUL TY P Director |
STOCK | 22.67K | $0 | Direct |
| Apr 30, 26 | FORTH JOHN BRADFORD Director |
STOCK | 35.27K | $0 | Direct |
| Apr 30, 26 | RAMDEV NIHARIKA Director |
STOCK | 22.67K | $0 | Direct |
| Apr 30, 26 | VOLPE TONI Director |
STOCK | 22.67K | $0 | Direct |
| Feb 17, 26 | VAN BIBBER DAVID SEAN Officer |
STOCK | 10.52K | $0 | Direct |
| Feb 17, 26 | BARDOS DOMINIC Chief Financial Officer |
STOCK | 64.25K | $0 | Direct |
| Feb 17, 26 | TOLNAR JEFFERY President |
STOCK | 56.08K | $0 | Direct |
| Feb 17, 26 | MOSS BRANDON Chief Executive Officer |
STOCK | 205.61K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BARDOS DOMINIC |
Chief Financial Officer | 394.98K | Sale |
DAUL TY P |
Director | 127.95K | Stock Award(Grant) |
FORTH JOHN BRADFORD |
Director | 599.25K | Stock Award(Grant) |
JULIAN ROBERT K |
Director | 104.10K | Stock Award(Grant) |
KING BOBBIE LEE JR |
Officer | 97.92K | Sale |
MILLS JEANNETTE M. |
Director | 104.10K | Stock Award(Grant) |
MOSS BRANDON |
Chief Executive Officer | 1.25M | Stock Award(Grant) |
SUNDBERG LORI S. |
Director | 122.45K | Stock Award(Grant) |
TOLNAR JEFFERY |
President | 305.64K | Stock Award(Grant) |
VOLPE TONI |
Director | 122.45K | Stock Award(Grant) |
Moving averages & technicals
SMA 10
8.05
-11.01% from price
SMA 20
8.44
-15.96% from price
SMA 50
9.43
-24.77% from price
SMA 100
9.11
-21.32% from price
SMA 200
8.73
-18.71% from price
EMA 12
8.07
-11.15% from price
EMA 26
8.64
-17.00% from price
EMA 50
9.03
-20.65% from price
RSI (14)
34.9
Neutral
MACD (12,26,9)
-0.57
Hist -0.11
ATR (14)
0.59
8.31% of price
Realised vol 30D
93.8%
Annualised
Bollinger upper
9.65
20, 2σ
Bollinger lower
7.24
20, 2σ
50 / 200 cross
Golden
9.43 vs 8.73
Trend bias
Below 200
-18.71%
Risk profile
Beta vs SPY
2.99
More volatile than market
Correlation to SPY
0.45
Loosely linked
Realised vol 30D
93.8%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-47.4%
Peak to trough
Max drawdown 5Y
-92.3%
Peak to trough
ATR 14
0.59
8.31% of price
Beta (reported)
1.92
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
0.85
Call-heavy session
Put / call open interest
0.87
Positioning, not flow
Max pain
8.00
+12.8% from spot
ATM implied vol
80.7%
Nearest strike to spot
Skew (10% OTM)
+3.5%
Puts bid over calls
Call volume
185
Contracts, this expiry
Put volume
158
Contracts, this expiry
Heaviest call OI
9.00
469 contracts
Heaviest put OI
7.00
1.01K contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Headlines
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Shoals’s Q2 Earnings Call: Our Top 5 Analyst Questions
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Shoals Technologies (SHLS) Q2 2026 Earnings Call Transcript
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Shoals Technologies Group (SHLS) Following Earnings And TerraFlow MOU Is The Undervalued View Warranted
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Shoals (SHLS) Stock Looks Fully Priced As Its 89% Run Continues
Simply Wall St. · 13d ago
Does Shoals’ TerraFlow Data Center Storage MOU and Guidance Reaffirmation Change The Bull Case For SHLS?
Simply Wall St. · 14d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.