Wall Street analyst estimates for Shoals Technologies Group, Inc. (SHLS): consensus price target, buy/hold/sell recommendations and forecasts for revenue, EPS and EBITDA for the upcoming fiscal years.
Shoals Technologies Group, Inc. provides Electrical Balance of System (EBOS) solutions designed for solar power projects throughout the United States. The company manufactures a wide array of EBOS components, including various cable assemblies, inline fuses, combiners, disconnects, recombiners, wireless monitoring systems, junction boxes, specialized transition enclosures, splice boxes, wire management solutions, and IV curve benchmarking devices.
Analyst Consensus
| Strong Buy | 0 |
| Buy | 17 |
| Hold | 4 |
| Sell | 2 |
| Strong Sell | 0 |
| Total analysts | 23 |
| Avg rating (1-5) | 0.65 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-11-03 | $0.12 | ||
| 2026-08-04 | $0.12 | $0.10 | +21.9% |
| 2026-05-05 | $0.07 | $0.06 | +16.7% |
| 2026-02-24 | $0.10 | $0.14 | -28.6% |
| 2025-11-04 | $0.12 | $0.13 | -4.2% |
| 2025-08-05 | $0.10 | $0.08 | +25.0% |
| 2025-05-06 | $0.03 | $0.04 | -25.0% |
| 2025-02-25 | $0.08 | $0.09 | -11.1% |
Valuation Ratios
| P/E Ratio | 36.69 |
| Price / Book | 1.86 |
| EV / EBITDA | 19.87 |
| Dividend Yield | 0.00% |
Income Statement (10y)
| Year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $103.8M | $144.5M | $175.5M | $213.2M | $326.9M | $488.9M | $399.2M | $475.3M |
| Cost of Revenue | $75.6M | $100.3M | $109.0M | $130.6M | $195.6M | $320.6M | $257.2M | $308.8M |
| Gross Profit | $28.2M | $44.2M | $66.5M | $82.6M | $131.3M | $168.3M | $142.0M | $166.5M |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $8.9M | $9.1M | $21.0M | $37.9M | $55.9M | $80.7M | $82.3M | $101.5M |
| Operating Expenses | $17.1M | $17.3M | $29.3M | $46.4M | $65.0M | $89.3M | $90.8M | $110.1M |
| Operating Income | $11.1M | $26.9M | $37.3M | $36.2M | $66.3M | $79.0M | $51.2M | $56.4M |
| EBITDA | $20.1M | $36.1M | $46.7M | $28.6M | $181.0M | $89.6M | $64.3M | $67.1M |
| Interest Expense | $2.4M | $1.8M | $3.5M | $14.5M | $18.5M | $24.1M | $13.8M | $10.0M |
| Pre-tax Income | $8.6M | $25.1M | $33.8M | $4.0M | $152.0M | $54.9M | $37.9M | $48.5M |
| Income Tax | 0 | 0 | 0 | $86000 | $9.0M | $12.3M | $13.7M | $14.9M |
| Net Income | $8.6M | $25.1M | $33.8M | $2.3M | $127.6M | $40.0M | $24.1M | $33.6M |
| EPS | $0.05 | $0.15 | $0.21 | $0.02 | $1.11 | $0.24 | $0.14 | $0.20 |
| EPS (Diluted) | $0.05 | $0.15 | $0.21 | $0.02 | $0.85 | $0.24 | $0.14 | $0.20 |
| Shares Outstanding (Diluted) | $166.6M | $166.6M | $160.3M | $112.0M | $167.6M | $164.5M | $168.7M | $168.4M |
Price
| Price | $6.82 |
| Market Cap | $1.1B |
| Exchange | NASDAQ |
| Country | US |
Related companies: AESI · ARRY · BTE · CLMT · CSIQ · EFXT · IMSR
Explore sector: Energy · Solar
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