Shoals Technologies Group Overview

  • Year Founded
  • 1996

Year Founded

  • Status
  • Public

  • Employees
  • 1,290

Employees

  • Stock Symbol
  • SHLS

Stock Symbol

  • Investments
  • 1

  • Share Price
  • $4.59
  • (As of Friday Closing)

Shoals Technologies Group General Information

Description

Shoals Technologies Group is a provider of electrical balance of system solutions for solar energy projects, primarily in the United States. EBOS encompasses components that are necessary to carry electric current produced by solar panels to an inverter. The products are sold principally to engineering, procurement, and construction firms that build solar energy projects.

Contact Information

Website
www.shoals.com
Ownership Status
Publicly Held
Financing Status
Formerly PE-Backed
Corporate Office
  • 1400 Shoals Way
  • Portland, TN 37148
  • United States
+1 (615)
Primary Industry
Alternative Energy Equipment
Stock Exchange
NAS
Vertical(s)
Corporate Office
  • 1400 Shoals Way
  • Portland, TN 37148
  • United States
+1 (615)

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Shoals Technologies Group Stock Performance

As of 23-May-2025, Shoals Technologies Group’s stock price is $4.59. Its current market cap is $767M with 167M shares.

(As of Friday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$4.59 $4.57 $2.71 - $8.52 $767M 167M 7.19M $0.12

Shoals Technologies Group Financials Summary

As of 31-Mar-2025, Shoals Technologies Group has a trailing 12-month revenue of $389M.

In Thousands,
USD
TTM 31-Mar-2025 FY 2024 31-Dec-2024 FY 2023 31-Dec-2023 FY 2022 31-Dec-2022
EV 673,213 1,052,490 2,823,849 3,111,580
Revenue 388,762 399,208 488,939 326,940
EBITDA 56,811 63,798 89,564 181,047
Net Income 19,071 24,127 39,974 127,611
Total Assets 788,421 793,080 843,993 594,895
Total Debt 141,750 141,750 181,445 239,063
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Shoals Technologies Group Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Shoals Technologies Group Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Shoals Technologies Group is a provider of electrical balance of system solutions for solar energy projects, primarily i
Alternative Energy Equipment
Portland, TN
1,290 As of 2024

Albuquerque, NM
 

North Andover, MA
 
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Shoals Technologies Group Competitors (5)

One of Shoals Technologies Group’s 5 competitors is Unirac, a Private Equity-Backed company based in Albuquerque, NM.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Unirac Private Equity-Backed Albuquerque, NM
PanelClaw Private Equity-Backed North Andover, MA
Solar Flexrack Corporate Backed or Acquired Youngstown, OH
Bentek Corporation Formerly PE-Backed San Jose, CA
Pegasus Solar Venture Capital-Backed Richmond, CA
You’re viewing 5 of 5 competitors. Get the full list »

Shoals Technologies Group Patents

Shoals Technologies Group Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20250038705-A1 Methods and systems to monitor photovoltaic systems Pending 28-Jul-2023
US-20240429691-A1 Cable transition systems Pending 22-Jun-2023
US-20240429639-A1 Connector cap Pending 22-Jun-2023
US-20240396313-A1 Cable transition systems Pending 25-May-2023
US-20240380195-A1 Cable management systems Pending 09-May-2023 H02G9/04
To view Shoals Technologies Group’s complete patent history, request access »

Shoals Technologies Group Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

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Shoals Technologies Group Acquisitions (1)

Shoals Technologies Group’s most recent deal was a Merger/Acquisition with ConnectPV. The deal was made on 30-Sep-2021.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
ConnectPV 30-Sep-2021 Merger/Acquisition Electrical Equipment
To view Shoals Technologies Group’s complete acquisitions history, request access »

Shoals Technologies Group ESG

Risk Overview

Risk Rating

Updated October, 15, 2024

25.11 | Med Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

Management

Management is related to actions taken to manage ESG issues

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

of 14,631

Rank

Percentile

Electrical Equipment

Industry

of 307

Rank

Percentile

Electrical Equipment

Subindustry

of 307

Rank

Percentile

To view Shoals Technologies Group’s complete esg history, request access »

Shoals Technologies Group FAQs

  • When was Shoals Technologies Group founded?

    Shoals Technologies Group was founded in 1996.

  • Where is Shoals Technologies Group headquartered?

    Shoals Technologies Group is headquartered in Portland, TN.

  • What is the size of Shoals Technologies Group?

    Shoals Technologies Group has 1,290 total employees.

  • What industry is Shoals Technologies Group in?

    Shoals Technologies Group’s primary industry is Alternative Energy Equipment.

  • Is Shoals Technologies Group a private or public company?

    Shoals Technologies Group is a Public company.

  • What is Shoals Technologies Group’s stock symbol?

    The ticker symbol for Shoals Technologies Group is SHLS.

  • What is the current stock price of Shoals Technologies Group?

    As of 23-May-2025 the stock price of Shoals Technologies Group is $4.59.

  • What is the current market cap of Shoals Technologies Group?

    The current market capitalization of Shoals Technologies Group is $767M.

  • What is Shoals Technologies Group’s current revenue?

    The trailing twelve month revenue for Shoals Technologies Group is $389M.

  • Who are Shoals Technologies Group’s competitors?

    Unirac, PanelClaw, Solar Flexrack, Bentek Corporation, and Pegasus Solar are competitors of Shoals Technologies Group.

  • What is Shoals Technologies Group’s annual earnings per share (EPS)?

    Shoals Technologies Group’s EPS for 12 months was $0.12.

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