Shoals Technologies Group, Inc.(SHLS)Stock Analysis
AI analysis on 2,800+ stocks →Deep AI analysis on 2,800+ stocks →13F Pro Quality Score
Rank #1,912 of 2,962 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
SHLS Stock Analysis & AI Quality Score
Data updated 2026-09-11AI stock analysis and institutional research for Shoals Technologies Group, Inc. (SHLS), a Technology sector company. 13F Pro's AI-powered ranking engine scores SHLS at 44.5/100 on a 32-signal composite quality model, placing it at rank #1,912 of 2,962 stocks — the bottom half of the AI-ranked universe. Areas of concern include earnings quality (10.2) and free cash flow (17.3), which score below median versus the broader universe. Shareholder dilution risk is elevated at 39.6/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Shoals Technologies Group, Inc. reports quarterly revenue of $163.4M, net income of $12.1M, an operating margin of 11.5%. Top institutional holders of SHLS by reported 13-F value include BlackRock, PRICE T ROWE ASSOCIATES, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. SHLS trades on the Nasdaq exchange and files with the SEC under CIK 1831651. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SHLS daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Shoals Technologies Group, Inc. directly from SEC EDGAR. Shoals Technologies Group, Inc.'s 13F Pro composite quality score has ranged between 39 and 72 since 2022, currently 44.5 — a declining long-term trajectory across 64 quarterly and live scoring snapshots.
Revenue
Q2 2026
$163.4M
Net Income
Q2 2026
$12.1M
Free Cash Flow
Q2 2026
$-207.0K
Operating Margin
Q2 2026
11.5%
ROIC
Q2 2026
12.1%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · ProRevenue
+19.1% YoYNet Income
+39.2% YoYOperating Income
+10.2% YoYEPS (Diluted)
+42.9% YoYTotal Assets
+14.0% YoYTotal Debt
Op. Cash Flow
-78.8% YoYFree Cash Flow
-122.2% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $475.3M +19.1% | $399.2M -18.4% | $488.9M +49.6% | $326.9M +53.3% | $213.2M +21.5% | $175.5M |
| Net Income | $33.6M +39.2% | $24.1M -39.6% | $40.0M -68.7% | $127.6M +5334.9% | $2.3M -93.0% | $33.8M |
| Operating Income | $56.4M +10.2% | $51.2M -35.3% | $79.0M +19.2% | $66.3M +83.1% | $36.2M -2.8% | $37.3M |
| EPS (Diluted) | $0.20 +42.9% | $0.14 -41.7% | $0.24 -71.8% | $0.85 | $0.00 | — |
| Total Assets | $904.1M +14.0% | $793.1M -6.0% | $844.0M +41.9% | $594.9M +39.5% | $426.4M +118.3% | $195.3M |
| Total Debt | — | $141.8M -22.7% | $183.4M -23.9% | $241.1M -3.2% | $249.1M -31.3% | $362.3M |
| Operating Cash Flow | $17.1M -78.8% | $80.4M -12.6% | $92.0M +133.1% | $39.5M +1066.3% | $-4.1M -107.5% | $54.1M |
| Free Cash Flow | $-16.0M -122.2% | $72.0M -11.5% | $81.4M +124.2% | $36.3M +542.2% | $-8.2M -116.1% | $50.8M |
AI Insight: SHLS Financial Trends
Revenue growth accelerating to 163M in Q2 2026, but operating cash flow remains volatile and profitability inconsistent.
• Revenue climbed 60% from Q3 2024 (102M) to Q2 2026 (163M), with six consecutive quarters of positive net income or breakeven.
• Operating income stable around 16–19M in recent quarters; leverage declining from 142M debt in Q3 2024 to 127M in Q3 2025.
• Operating cash flow swung negative in Q1 2026 (−41M) after positive 19M in Q3 2025, signaling working capital pressure.
⚠ Q1 2026 operating cash flow collapsed to −41M despite 141M revenue; recovery to +7M in Q2 suggests seasonal or timing volatility.
⚠ Net income volatile: zero or minimal in Q1 2025, Q3 2024, Q1 2026 despite rising sales. Margin conversion inconsistent.
AI Insight: SHLS Ratio Trends
Strong ROIC recovery in Q2 2026 to 12.1% masks persistent earnings seasonality and margin volatility.
• ROIC expanded 7pp from Q1 2026 (5.1%) to Q2 2026 (12.1%), highest on record; TTM ROIC now 10.1%.
• Net profit margin swung from -0.2% in Q1 2026 to +7.4% in Q2 2026; sharp seasonal pattern evident.
• Leverage improved: D/E declined from 0.26 in Q3 2024 to 0.21 in Q3 2025, strengthening balance sheet.
⚠ Q1 earnings consistently near-flat or negative (Q1 2025: -0.4% NPM, Q1 2026: -0.2% NPM) — investigate structural headwinds.
⚠ Operating margin volatile: 5.4% (Q1 2025) to 15.4% (Q4 2024); sustainability of recent 11%+ levels unclear.
Get alerted when SHLS's score changes
Free account: watchlist tracking, the daily AI brief, and the AI screener.
Available Research
13F Pro tracks comprehensive data for Shoals Technologies Group, Inc. including:
Top Institutional Holders of SHLS
BlackRock, Inc.
$284.4M28,727,968 shPRICE T ROWE ASSOCIATES INC /MD/
$213.9M21,602,202 shVANGUARD CAPITAL MANAGEMENT LLC
$73.6M7,435,246 shInvesco Ltd.
$70.9M7,157,142 shSTATE STREET CORP
$59.9M6,052,905 shT. Rowe Price Investment Management, Inc.
$59.8M6,037,171 shAmundi
$53.2M5,374,593 shGEODE CAPITAL MANAGEMENT, LLC
$47.0M4,745,938 shDIMENSIONAL FUND ADVISORS LP
$45.4M4,590,497 shVANGUARD PORTFOLIO MANAGEMENT LLC
$44.6M4,500,168 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $284.4M | 28,727,968 |
| PRICE T ROWE ASSOCIATES INC /MD/ | $213.9M | 21,602,202 |
| VANGUARD CAPITAL MANAGEMENT LLC | $73.6M | 7,435,246 |
| Invesco Ltd. | $70.9M | 7,157,142 |
| STATE STREET CORP | $59.9M | 6,052,905 |
| T. Rowe Price Investment Management, Inc. | $59.8M | 6,037,171 |
| Amundi | $53.2M | 5,374,593 |
| GEODE CAPITAL MANAGEMENT, LLC | $47.0M | 4,745,938 |
| DIMENSIONAL FUND ADVISORS LP | $45.4M | 4,590,497 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $44.6M | 4,500,168 |
Companies Similar to SHLS
Ranked by quality-profile closeness and shared hedge-fund ownership — not just sector membership.
Sunrun Inc.
Huron Consulting Group Inc.
ADVANCED ENERGY INDUSTRIES INC
Penguin Solutions, Inc.
DIODES INC /DEL/
Fabrinet
EXTREME NETWORKS INC
OMNICELL, INC.
Similarity is computed from the 8 composite sub-scores and latest-quarter 13F conviction holdings (index-style filers excluded). Refreshed monthly.
More Technology Companies
View all Technology →Put SHLS on your watchlist
Track score changes the day Shoals Technologies Group, Inc. files with the SEC, follow the hedge funds that own it, screen 2,800+ AI-scored stocks, and get the daily brief — free.
Free tier includes 13F data, economic indicators, and market overview. Pro starts at $6.67/mo (billed annually).
Popular Research
Is SHLS a good stock to buy?
13F Pro's AI-powered analysis of Shoals Technologies Group, Inc. (SHLS) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for SHLS are available on the SHLS stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. SHLS is classified as a small company.
Which hedge funds own SHLS?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling SHLS. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Shoals Technologies Group, Inc.'s investment landscape.