Stocktoria
Shoals Technologies Group, Inc. SHLS
Shoals Technologies Group, Inc. (SHLS) earns a Piotroski F-score of 5/9 (mixed financial health), with an Altman Z″ in the safe zone. It does not currently pay a dividend. FY2025 revenue was $475.3M at a 7.1% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Beneish M-score: -1.89 — grey zone (between the usual thresholds). A statistical screen for earnings manipulation, not proof — and it doesn't apply to most banks/insurers.
Analyst price target
Wall Street analyst consensus — a sentiment gauge, not our scoring.
How it ranks in Manufacturing · percentile among 1957 companies
Percentile vs other Manufacturing companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 5/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · safe zone
| Component | Value |
|---|---|
| Working capital / assets | 0.144 |
| Retained earnings / assets | 0.146 |
| EBIT / assets | 0.062 |
| Equity / liabilities | 1.973 |
Sector peers · similar-size Manufacturing companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| SHLS | Shoals Technologies Group, Inc. | 5/9 | 3.91 | 45 | +19.1% |
| MXL | MAXLINEAR, INC | 5/9 | -1.22 | — | +29.7% |
| AAOI | APPLIED OPTOELECTRONICS, INC. | 4/9 | 2.44 | — | +82.8% |
| POWI | POWER INTEGRATIONS INC | 6/9 | 13.34 | 200.2 | +5.9% |
| SKYT | SkyWater Technology, Inc | 3/9 | -0.88 | 14.4 | +29.2% |
| LSCC | LATTICE SEMICONDUCTOR CORP | 5/9 | 7.13 | — | +2.7% |
| TOYO | TOYO Co., Ltd | 7/9 | 0.08 | 6.7 | +141.5% |
About Shoals Technologies Group, Inc.
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.
FAQ
Is SHLS financially healthy?
Shoals Technologies Group, Inc.'s Piotroski F-score is 5/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the safe zone.
Does SHLS pay a dividend?
No, Shoals Technologies Group, Inc. does not currently pay a dividend.
How profitable is SHLS?
In FY2025, Shoals Technologies Group, Inc. had a net margin of 7.1% and a return on equity of 5.6%.
Is SHLS overvalued or undervalued?
Shoals Technologies Group, Inc. trades at about 41.7× trailing earnings — below its 10-year norm (10-year range 32.8×–54.9×, median 47.2×). Stocktoria reports the data, not buy/sell advice.
What is the analyst price target for SHLS?
The average Wall-Street price target for Shoals Technologies Group, Inc. is $10.37, about 24.3% above the recent price, from 19 analysts (consensus: buy).
Is SHLS a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on Shoals Technologies Group, Inc.: a Piotroski F-score of 5/9, an Altman Z″ in the safe zone, a P/E of about 45.0×. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.