Shoals Technologies Group Inc. (Class A) (SHLS) receives a Roarable Rating of D- (Sell) and flashes a Red SELL / AVOID rating (36/100 RQD Confidence). Alongside weak composite pillar scores, our SEC filing scanner spotted paper earnings outpacing operating cash flow (+117.9% (NI vs OCF)).
As of 2026-11-03, Shoals Technologies Group Inc. (Class A) (NASDAQ: SHLS) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 36/100 at a spot price of $7.20 (-4.64% 1D, market cap $1.21B). Pillar breakdown: Fundamental Cash Engine 7/20, Institutional 13F & Options Flow 5/20, Executive Insider Alignment 12/20, FRED Macro Regime Fit 5/20, and SEC Balance-Sheet Forensics 7/20. Active quantitative signal ACCOUNTING_MIRAGE (BEARISH, conviction undefined/100) notes: undefined.
Within the Technology sector (Semiconductors), SHLS carries a Roarable D- (36/100 RQD), trailing P/E of 37.8x, gross margin of 35.0%, and ROIC of 7.5%. By comparison, WOLF (Wolfspeed Inc.) holds a D- grade (37/100 RQD, P/E N/A, ROIC 0.7%, cap $1.16B) and AMBQ (Ambiq Micro Inc.) posts a E grade (33/100 RQD, P/E N/A, ROIC -35.0%, cap $1.16B). Among the 5-stock peer group, SHLS leads on earnings multiple (37.8x) while SHLS leads on capital efficiency (7.5% ROIC).
Per SHLS's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001831651), Shoals Technologies Group Inc. (Class A) generated $475.3M in revenue (+19.1% YoY), $33.6M in net income, and -$16.0M in free cash flow against $904.1M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Technology with deep daily trading liquidity.. Primary risk factors monitored: SEC Accrual Watch: Headline earnings grew faster than operating cash flow—monitor working-capital conversion.. Institutional options positioning shows a 50% call / 50% put premium split.
Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer
Altman Z-Score 3.62 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 6/9
SEC XBRL FY 2025 (10-K): 0% FCF Margin ($0 FCF) & 35% Gross Margin
Macro rate sensitivity & RSI-14 (42.6) create a -15 pt regime headwind
While SHLS currently carries a cautious 36/100 (D-) rating due to Macro Regime Fit (5/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.
Established market leader in Technology with deep daily trading liquidity.
Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($7.58) and Max Pain ($7.56) forces dealer call-delta covering toward $13.84.
Forensic Repair Trigger: Halting share dilution (Dilution Drag (+1.36% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.
Shoals Technologies Group Inc. (Class A) (SHLS) dropped -4.64% to $7.20, trading at 23% of its 52-week range ($5.43 – $13.18). Weak 36/100 RQD score compounded by SEC accrual divergence (+117.9% (NI vs OCF)).
Yahoo Finance report covering Shoals Technologies Group Inc. (Class A) (SHLS) market action, institutional positioning, and fundamental catalysts.
Yahoo Finance report covering Shoals Technologies Group Inc. (Class A) (SHLS) market action, institutional positioning, and fundamental catalysts.
MarketBeat report covering Shoals Technologies Group Inc. (Class A) (SHLS) market action, institutional positioning, and fundamental catalysts.
StockInvest.us report covering Shoals Technologies Group Inc. (Class A) (SHLS) market action, institutional positioning, and fundamental catalysts.
Stock Titan report covering Shoals Technologies Group Inc. (Class A) (SHLS) market action, institutional positioning, and fundamental catalysts.
MarketBeat report covering Shoals Technologies Group Inc. (Class A) (SHLS) market action, institutional positioning, and fundamental catalysts.
https://www.dars.gov.et/ report covering Shoals Technologies Group Inc. (Class A) (SHLS) market action, institutional positioning, and fundamental catalysts.
MarketBeat report covering Shoals Technologies Group Inc. (Class A) (SHLS) market action, institutional positioning, and fundamental catalysts.
I keep reading about the enormous sums being spent on artificial intelligence, and I keep coming back to the electric bill. All those expensive computers have to run on something. Put enough of them in enough
JP Morgan analyst Mark Strouse maintains Shoals Technologies Group (NASDAQ:SHLS) with a Overweight and lowers the price target from $13 to $12.
Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).
vs. +19.1% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).
No active Ellis Vennor swing setup published on SHLS today. View full Setup Ledger →
No direct multi-tier Butterfly edges indexed yet for SHLS. Explore sector supply chains on /butterfly.
Across 714 tracked Technology securities in the Roarable RQD universe, Shoals Technologies Group Inc. (Class A) (SHLS) ranks #505 by composite RQD confidence (36/100, grade D-) and #336 by equity capitalization ($1.21B). Within this direct 5-issuer industry benchmark cohort, SHLS leads on earnings valuation at 37.8x trailing P/E, while SHLS leads on capital efficiency and profitability with 7.5% ROIC and 35.0% gross margin. WOLF currently holds the highest overall quantitative score in the immediate peer group at 37/100 (D-) compared with SHLS at 36/100 (D-).
| Ticker / Company | Roarable Grade | RQD Score | Trailing P/E | Gross Margin | ROIC | 1D Change | Market Cap | Head-to-Head |
|---|---|---|---|---|---|---|---|---|
| SHLS
ACTIVE
Shoals Technologies Group Inc. (Class A) | D- | 36/100 | 37.8x | 35.0% | 7.5% | -4.64% | $1.21B | Benchmark Subject |
| WOLF Wolfspeed Inc. | D- | 37/100 | — | — | 0.7% | -11.90% | $1.16B | /wolf-vs-shls → |
| AMBQ Ambiq Micro Inc. | E | 33/100 | — | 44.3% | -35.0% | -11.21% | $1.16B | /ambq-vs-shls → |
| ICHR Ichor Holdings | E | 32/100 | — | 9.3% | -4.5% | -8.32% | $1.46B | /ichr-vs-shls → |
| AIP Arteris Inc. | E | 33/100 | — | 90.2% | -35.0% | -8.69% | $924.1M | /aip-vs-shls → |
In its most recent audited fiscal period (FY2025, filed 2025-12-31), Shoals Technologies Group Inc. (Class A) (SHLS) reported GAAP revenue of $475.3M (+19.1% vs. FY2024 revenue of $399.2M , and -2.8% cumulative change since FY2023) , GAAP net income of $33.6M, operating cash flow of $17.1M, and free cash flow of -$16.0M (-122.2% YoY). On the balance sheet, SHLS closed FY2025 with $904.1M in total assets against $0 in total debt (Altman Z-Score: 3.62, Piotroski F-Score: 6/9).
| Fiscal Period | Filing Date | Revenue | Net Income | Operating Cash Flow | Free Cash Flow | Total Assets | Total Debt |
|---|---|---|---|---|---|---|---|
| FY2025 (FY) | 2025-12-31 | $475.3M | $33.6M | $17.1M | -$16.0M | $904.1M | — |
| FY2024 (FY) | 2024-12-31 | $399.2M | $24.1M | $80.4M | $72.0M | $793.1M | $141.8M |
| FY2023 (FY) | 2023-12-31 | $488.9M | $40.0M | $92.0M | $92.0M | — | — |
As of 2026-11-03, Shoals Technologies Group Inc. (Class A) (NASDAQ: SHLS) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 36/100 at a spot price of $7.20 (-4.64% 1D, market cap $1.21B). Pillar breakdown: Fundamental Cash Engine 7/20, Institutional 13F & Options Flow 5/20, Executive Insider Alignment 12/20, FRED Macro Regime Fit 5/20, and SEC Balance-Sheet Forensics 7/20. Active quantitative signal ACCOUNTING_MIRAGE (BEARISH, conviction undefined/100) notes: undefined.
Within the Technology sector (Semiconductors), SHLS carries a Roarable D- (36/100 RQD), trailing P/E of 37.8x, gross margin of 35.0%, and ROIC of 7.5%. By comparison, WOLF (Wolfspeed Inc.) holds a D- grade (37/100 RQD, P/E N/A, ROIC 0.7%, cap $1.16B) and AMBQ (Ambiq Micro Inc.) posts a E grade (33/100 RQD, P/E N/A, ROIC -35.0%, cap $1.16B). Among the 5-stock peer group, SHLS leads on earnings multiple (37.8x) while SHLS leads on capital efficiency (7.5% ROIC).
Per SHLS's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001831651), Shoals Technologies Group Inc. (Class A) generated $475.3M in revenue (+19.1% YoY), $33.6M in net income, and -$16.0M in free cash flow against $904.1M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Technology with deep daily trading liquidity.. Primary risk factors monitored: SEC Accrual Watch: Headline earnings grew faster than operating cash flow—monitor working-capital conversion.. Institutional options positioning shows a 50% call / 50% put premium split.
SHLS last traded at $7.20 (-4.64% on volume of 4,256,212 shares), positioning the stock -5.01% below its 50-day simple moving average ($7.58) and -14.79% below its 200-day simple moving average ($8.45). Across its 52-week range of $5.43 to $13.18, SHLS sits at the 22.8% percentile with a 14-day RSI of 42.6 (NEUTRAL RANGE) and an implied next-earnings move of ±11.8% ($6.35 to $8.05).
Why SHLS Stock dropped -4.64% Today — RQD Quant Desk Flash. Weak 36/100 RQD score compounded by SEC accrual divergence (+117.9% (NI vs OCF)).
Per the Roarable RQD rating, SHLS scores 38 out of 100 with a letter grade of D-, labeled "Roarable Sell — Vulnerable Balance Sheet & Flow." The five pillars are:
Upside drivers per the source data: the balance-sheet pillar and the institutional-flow pillar are the two sources of support. Valuation tradeoff: per the market data, P/E (TTM) is 37.8 and Forward P/E is 31.8 against EPS (TTM) of 0.2, so the stock is priced at a premium relative to its current earnings base. The overall verdict is a sell-side signal driven by the weak cash and macro-fit pillars.
Shoals Technologies Group Inc. (Class A) (SHLS) is a NASDAQ-listed issuer in the Technology sector and Semiconductors industry, per the profile. Not available in source data for: specific products sold, customer base, or revenue model. The source data reports gross margin of 35%, operating margin of 11.9%, and net margin of 7.1% per the market data, but does not describe how the company makes money.
| Period | Revenue | Operating Income | Net Income | EPS | FCF | Cash | Debt |
|---|---|---|---|---|---|---|---|
| FY 2025 | $475.3M | $56.4M | $33.6M | N/A | $-16.0M | $7.3M | N/A |
| FY 2024 | $399.2M | $51.2M | $24.1M | N/A | $72.0M | $23.5M | $141.8M |
| FY 2023 | $488.9M | $79.0M | $40.0M | N/A | $92.0M | N/A | N/A |
Per the SEC financials, FY 2025 revenue rose from $399.2M to $475.3M while FY 2025 free cash flow turned to $-16.0M from $72.0M in FY 2024. Per the market data, operating margin is 11.9% and ROIC is 7.5%. Per the Roarable RQD rating, the Altman Z-Score is 3.62, the Piotroski F-Score is 6/9, and Debt/Equity is 0.5, which together describe a balance sheet rated as the strongest pillar; cash of $7.3M and reported debt of N/A for FY 2025 limit full posture assessment.
Per the Butterfly Supply-Chain Graph, the proprietary signal is an ACCOUNTING_MIRAGE flagged as ACCRUAL & WORKING CAPITAL WATCH with severity 84 and bearish direction. The signal reports a +117.9% cash conversion gap, with YoY net income growth of +39.2% diverging from operating cash flow growth of -78.8%, and non-cash current assets and receivables expanding +32.9%. Investors should monitor the next 10-Q for cash realization.
Real-time company headlines, analyst actions, and sector developments for Shoals Technologies Group Inc. (Class A) (SHLS) • Click "Debate This Headline" to argue it in the Roar Pit below
Yahoo Finance report covering Shoals Technologies Group Inc. (Class A) (SHLS) market action, institutional positioning, and fundamental catalysts.
Yahoo Finance report covering Shoals Technologies Group Inc. (Class A) (SHLS) market action, institutional positioning, and fundamental catalysts.
MarketBeat report covering Shoals Technologies Group Inc. (Class A) (SHLS) market action, institutional positioning, and fundamental catalysts.
StockInvest.us report covering Shoals Technologies Group Inc. (Class A) (SHLS) market action, institutional positioning, and fundamental catalysts.
Stock Titan report covering Shoals Technologies Group Inc. (Class A) (SHLS) market action, institutional positioning, and fundamental catalysts.
MarketBeat report covering Shoals Technologies Group Inc. (Class A) (SHLS) market action, institutional positioning, and fundamental catalysts.
https://www.dars.gov.et/ report covering Shoals Technologies Group Inc. (Class A) (SHLS) market action, institutional positioning, and fundamental catalysts.
MarketBeat report covering Shoals Technologies Group Inc. (Class A) (SHLS) market action, institutional positioning, and fundamental catalysts.
Welcome to the SHLS (Shoals Technologies Group Inc. (Class A)) Roar Pit. Current RQD Composite is 38/100 (Roarable Sell — Vulnerable Balance Sheet & Flow) in Semiconductors. Bulls point to operating leverage and sector positioning, while bears focus on valuation multiple compression (37.8x trailing P/E). Pick your side (🐂 Bull or 🐻 Bear) and drop your price target below.
Everyone in here is repeating the bull case on SHLS, but look at what you are paying: 37.8x trailing P/E with 35.0% gross margins. Unless Shoals Technologies Group Inc. (Class A) expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.
Looking at the 5-pillar RQD breakdown on SHLS, the market is fixating on short-term headline noise in Semiconductors and ignoring the balance sheet and cash flow trajectory. At $7.55 (52-wk range $5.43 - $13.18), any beat on forward guidance forces shorts and underweight funds to chase.
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