Shoals Technologies Group, Inc.
SHLSTechnologyNASDAQSolar · Last scanned Sep 8, 2026
Scan Results
Daily timeframeShoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions and components in the United States and internationally. At a $1.20B market cap, Shoals Technologies Group, Inc. ranks as a small-cap company within technology. 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).
Market Cap
$1.20B
Beta
1.89
P/E (TTM)
37.53
P/E (Fwd)
12.94
EPS (TTM)
$0.19
EPS (Fwd)
$0.55
ROE
5.3%
ROA
5.8%
Cash
$15.7M
Total Debt
$233.8M
Free CF
-$43.0M
52W Change
-0.1%
Annual Financials
Cash vs Debt
Where SHLS stands vs its 150-day and 200-day moving averages
As of the September 2, 2026 close, SHLS finished 22.54% below its 150-day moving average ($8.65) and 22.54% below its 200-day moving average ($8.65). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is SHLS overbought or oversold?
At the September 2, 2026 close, SHLS's RSI(14) was 29.7, in oversold territory (below 30). The MACD histogram was negative, so short-term momentum leaned bearish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
On the balance sheet, SHLS has $15.7M in cash with $233.8M in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company is burning cash, with free cash flow at -$43.0M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. Return on equity stands at 5.3%, which is modest for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. An ROA of 5.8% suggests reasonable efficiency in deploying the company's asset base. Revenue has grown from $326.9M (2022) to $475.3M (2025), reflecting a 45% increase over the period.
With a beta above 1.5, SHLS tends to amplify broader market moves — both up and down. This higher volatility means larger price swings are common. The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. No single metric tells the full story. Reviewing SHLS's risk profile alongside its fundamentals and technical indicators provides a more complete picture.