What is the 13F Pro Quality Score for SHLS?

13F Pro ranks Shoals Technologies Group, Inc. (SHLS) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View SHLS's current score at https://13fpro.ai/research/SHLS (free sign-up required for the full ranking).

Which hedge funds own the most SHLS stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of SHLS include BlackRock,, Invesco Ltd., VANGUARD CAPITAL MANAGEMENT. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/SHLS as soon as new 13F filings post.

Where does 13F Pro source SHLS data?

All Shoals Technologies Group, Inc. fundamentals and ownership data come directly from SEC EDGAR. Shoals Technologies Group, Inc. files with the SEC under CIK 1831651. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is SHLS in?

Shoals Technologies Group, Inc. (SHLS) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

How often is SHLS research updated on 13F Pro?

SHLS's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Shoals Technologies Group, Inc.(SHLS)Stock Analysis

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13F Pro Quality Score

45.5/100

Rank #1,711 of 2,879 stocks

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

39.9/100

Profitability

65.7/100

Balance Sheet

56.5/100

Earnings Quality

31.0/100

Free Cash Flow

17.9/100

Institutional Flow

86.9/100

Revenue Scale

35.7/100

Dilution Risk

40.7/100

SHLS Stock Analysis & AI Quality Score

AI 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 45.5/100 on a 32-signal composite quality model, placing it at rank #1,711 of 2,879 stocks — the bottom half of the AI-ranked universe. SHLS scores in the top quartile across institutional flow (86.9). Areas of concern include free cash flow (17.9) and earnings quality (31.0), which score below median versus the broader universe. Shareholder dilution risk is elevated at 40.7/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Shoals Technologies Group, Inc. reports quarterly revenue of $140.6M, net income of $-297.0K, free cash flow of $-49.1M. Top institutional holders of SHLS by reported 13-F value include BlackRock,, Invesco Ltd., 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 8 and 73 since 2022, currently 45.5 — a stable long-term trajectory across 52 quarterly and live scoring snapshots.

✦

Fun facts about Shoals Technologies Group, Inc.

Quirks, history, and lore behind SHLS — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. technology company · small-cap · listed on Nasdaq · headquartered in Tennessee.
2
The Numbers
Annual revenue in the low hundreds of millions of dollars, with its fortunes tightly tied to the pace of utility-scale solar project buildouts across the country.
3
The History
Founded in the 2000s, the company went public around 2021 and built its business around solving a surprisingly unglamorous problem: how do you safely wire together thousands of solar panels in a field?
4
The Secret
Its core innovation is a combiner box-free architecture — a wiring system that reduces the number of components, labor hours, and failure points on a solar farm dramatically.
5
The Lore
The company calls its signature product the eBOS system — electrical balance of system — essentially the circulatory system of a solar field, and it claims to have deployed it across gigawatts of installed capacity.
6
The Giveaway
If a massive solar farm needs its panels strung together with smart, prefabricated electrical wiring solutions, chances are this Tennessee-based Nasdaq company made the connective tissue that ties it all together.

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Revenue

Q1 2026

$140.6M

Net Income

Q1 2026

$-297.0K

Free Cash Flow

Q1 2026

$-49.1M

ROIC

Q1 2026

1.3%

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+19.1% YoY

$475.3MFY 2025

FY22 $326.9MFY23 $488.9MFY24 $399.2MFY25 $475.3M

Net Income

+39.2% YoY

$33.6MFY 2025

FY22 $127.6MFY23 $40.0MFY24 $24.1MFY25 $33.6M

Operating Income

+10.2% YoY

$56.4MFY 2025

FY22 $66.3MFY23 $79.0MFY24 $51.2MFY25 $56.4M

EPS (Diluted)

+42.9% YoY

$0.20FY 2025

FY22 $0.85FY23 $0.24FY24 $0.14FY25 $0.20

Total Assets

+14.0% YoY

$904.1MFY 2025

FY22 $594.9MFY23 $844.0MFY24 $793.1MFY25 $904.1M

Total Debt

—FY 2025

FY22 $241.1MFY23 $183.4MFY24 $141.8MFY25 —

Op. Cash Flow

-78.8% YoY

$17.1MFY 2025

FY22 $39.5MFY23 $92.0MFY24 $80.4MFY25 $17.1M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2020	FY 2019
Revenue	$475.3M +19.1%	$399.2M -18.4%	$488.9M +49.6%	$326.9M +86.3%	$175.5M +21.5%	$144.5M
Net Income	$33.6M +39.2%	$24.1M -39.6%	$40.0M -68.7%	$127.6M +277.9%	$33.8M +34.3%	$25.1M
Operating Income	$56.4M +10.2%	$51.2M -35.3%	$79.0M +19.2%	$66.3M +77.9%	$37.3M +38.4%	$26.9M
EPS (Diluted)	$0.20 +42.9%	$0.14 -41.7%	$0.24 -71.8%	$0.85	—	—
Total Assets	$904.1M +14.0%	$793.1M -6.0%	$844.0M +41.9%	$594.9M +204.6%	$195.3M	—
Total Debt	—	$141.8M -22.7%	$183.4M -23.9%	$241.1M -33.5%	$362.3M	—
Operating Cash Flow	$17.1M -78.8%	$80.4M -12.6%	$92.0M +133.1%	$39.5M -27.0%	$54.1M +49.5%	$36.2M

AI Insight: SHLS Financial Trends

Revenue surged 43% from Q2 2024 to Q1 2026, but profitability and cash generation have become volatile and recently deteriorated.

• Revenue grew from $99M (Q2 2024) to $141M (Q1 2026), a 43% increase, with peak of $148M in Q4 2025.

• Total debt decreased from $147M to $127M (Q3 2025), improving leverage, though debt metrics unavailable for latest quarter.

• Operating income halved from $19M (Q2 2024) to $8M (Q1 2026); net income collapsed to breakeven in Q1 2026.

⚠ Operating cash flow turned sharply negative: −$41M in Q1 2026, reversing prior quarter's $19M positive inflow.

⚠ Net income swing from $14M profit (Q2 2025) to $0M (Q1 2026); operating income compressed despite revenue growth.

AI Insight: SHLS Ratio Trends

SHLS exhibits sharp seasonal weakness in Q1 2026 with operating margin collapsing to 5.5% and NPM turning negative, extending a pattern of Q1/Q3 deterioration.

• Operating margin compressed from 11.7% in Q4 2025 to 5.5% in Q1 2026; NPM swung negative to -0.2% from +5.5%.

• ROIC declined to 5.1% in Q1 2026 from 11.6% in Q4 2025, though leverage improved with D/E falling from 0.26 to unspecified.

• Alternating quarterly pattern evident: Q2/Q4 show stronger profitability (14%+ OpMargin), Q1/Q3 persistently weak (<6% OpMargin).

⚠ Q1 2026 marks third consecutive 'weak' quarter in the cycle—confirm whether seasonality normalizes in Q2 2026.

⚠ ROE/ROA near zero in Q1 2026 despite stable leverage; underlying operational stress warranting clarity on volume/pricing drivers.

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Available Research

13F Pro tracks comprehensive data for Shoals Technologies Group, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of SHLS

BlackRock, Inc.
$130.6M19,847,256 sh
Invesco Ltd.
$51.2M7,776,688 sh
VANGUARD CAPITAL MANAGEMENT LLC
$48.4M7,361,341 sh
FIRST TRUST ADVISORS LP
$48.1M7,304,064 sh
STATE STREET CORP
$39.5M6,008,908 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$38.7M5,887,472 sh
Amundi
$37.8M5,734,818 sh
BNP Paribas Asset Management Holding S.A.
$35.1M5,333,552 sh
SCHRODER INVESTMENT MANAGEMENT GROUP
$30.5M4,640,436 sh
GEODE CAPITAL MANAGEMENT, LLC
$30.0M4,559,307 sh

Fund	Value	Shares
BlackRock, Inc.	$130.6M	19,847,256
Invesco Ltd.	$51.2M	7,776,688
VANGUARD CAPITAL MANAGEMENT LLC	$48.4M	7,361,341
FIRST TRUST ADVISORS LP	$48.1M	7,304,064
STATE STREET CORP	$39.5M	6,008,908
VANGUARD PORTFOLIO MANAGEMENT LLC	$38.7M	5,887,472
Amundi	$37.8M	5,734,818
BNP Paribas Asset Management Holding S.A.	$35.1M	5,333,552
SCHRODER INVESTMENT MANAGEMENT GROUP	$30.5M	4,640,436
GEODE CAPITAL MANAGEMENT, LLC	$30.0M	4,559,307

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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.

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.