shoals technologies group is a leading manufacturer of balance of systems solutions. through innovation and diversification shoals has grown exponentially since its founding in 1996. shoals maintains a diverse portfolio of pv balance of systems products, including combiner/re-combiner boxes, master fuse boxes, custom harnessing solutions, junction boxes, pv wire, in-line fuses, racking and pv monitoring solutions. shoals technologies group maintains the highest standards for excellence. it is this standard that has and continues to help shoals establish relationships with many of the top integrators and project developers in the solar industry. with solutions second to none in the marketplace, shoals has had the privilege to be part of some of the largest private and government projects to date around the world throughout the past decade shoals has continued to increase its market share and stands today as a torch bearer in the united states alternative energy industry.
Company profile
Ticker
SHLS
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Shoals Intermediate Parent, Inc. • Shoals Technologies Group, LLC • Shoals International, LLC • Shoals Energy ...
SHLS stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
22 Mar 24
ARS
2023 FY
Annual report to shareholders
22 Mar 24
DEFA14A
Additional proxy soliciting materials
22 Mar 24
DEF 14A
Definitive proxy
22 Mar 24
PRE 14A
Preliminary proxy
12 Mar 24
10-K
2023 FY
Annual report
28 Feb 24
8-K
Shoals Technologies Group, Inc. Reports Financial Results for Fourth Quarter 2023
28 Feb 24
10-Q
2023 Q3
Quarterly report
7 Nov 23
8-K
Shoals Technologies Group, Inc. Reports Financial Results for Third Quarter 2023
7 Nov 23
10-Q
2023 Q2
Quarterly report
1 Aug 23
Transcripts
SHLS
Earnings call transcript
2023 Q4
28 Feb 24
SHLS
Earnings call transcript
2023 Q3
7 Nov 23
SHLS
Earnings call transcript
2023 Q2
1 Aug 23
SHLS
Earnings call transcript
2023 Q1
8 May 23
SHLS
Earnings call transcript
2022 Q4
28 Feb 23
SHLS
Earnings call transcript
2022 Q3
15 Nov 22
SHLS
Earnings call transcript
2022 Q2
16 Aug 22
SHLS
Earnings call transcript
2022 Q1
17 May 22
SHLS
Earnings call transcript
2021 Q4
11 Mar 22
SHLS
Earnings call transcript
2021 Q3
10 Nov 21
Latest ownership filings
4
JEFFERY TOLNAR
2 Apr 24
4
Mehgan Peetz
11 Mar 24
4
Inez Lund
11 Mar 24
4
JEFFERY TOLNAR
11 Mar 24
144
Notice of proposed sale of securities
8 Mar 24
144
Notice of proposed sale of securities
8 Mar 24
144
Notice of proposed sale of securities
8 Mar 24
4
Mehgan Peetz
28 Feb 24
4
Inez Lund
28 Feb 24
4
BRANDON MOSS
28 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | |
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Operating income | ||||
Operating margin | ||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 9.22 mm | 9.22 mm | 9.22 mm | 9.22 mm | 9.22 mm | 9.22 mm |
Cash burn (monthly) | (no burn) | 1.87 mm | 3.52 mm | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 12.83 mm | 24.22 mm | n/a | n/a | n/a |
Cash remaining | n/a | -3.60 mm | -15.00 mm | n/a | n/a | n/a |
Runway (months of cash) | n/a | -1.9 | -4.3 | n/a | n/a | n/a |
Institutional ownership, Q4 2023
71.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 193 |
Opened positions | 32 |
Closed positions | 135 |
Increased positions | 81 |
Reduced positions | 59 |
13F shares | Current |
---|---|
Total value | 1.69 tn |
Total shares | 122.57 mm |
Total puts | 35.70 k |
Total calls | 683.40 k |
Total put/call ratio | 0.1 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 16.36 mm | $254.24 bn |
Wellington Management | 12.91 mm | $200.63 bn |
Clearbridge Advisors | 8.98 mm | $139.50 bn |
JPM JPMorgan Chase & Co. | 7.10 mm | $110.40 bn |
IVZ Invesco | 6.11 mm | $94.99 bn |
William Blair Investment Management | 5.96 mm | $92.58 bn |
Pictet Asset Management Holding | 4.44 mm | $68.95 bn |
STT State Street | 4.37 mm | $67.93 bn |
BNP Paribas Asset Management Holding | 3.92 mm | $60.96 mm |
Dean Solon | 3.74 mm | $0.00 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
31 Mar 24 | Jeffery Tolnar | Class A Common Stock | Payment of exercise | Dispose F | No | No | 11.18 | 1,415 | 15.82 k | 94,976 |
8 Mar 24 | Mehgan Peetz | Class A Common Stock | Sell | Dispose S | No | No | 13.04 | 3,160 | 41.21 k | 105,201 |
8 Mar 24 | Inez Lund | Class A Common Stock | Sell | Dispose S | No | No | 13.05 | 1,940 | 25.32 k | 21,577 |
8 Mar 24 | Jeffery Tolnar | Class A Common Stock | Sell | Dispose S | No | No | 13.04 | 2,750 | 35.86 k | 96,391 |
News
Mizuho Maintains Buy on Shoals Technologies Gr, Lowers Price Target to $16
19 Apr 24
Analyst Scoreboard: 15 Ratings For Shoals Technologies Gr
11 Apr 24
Piper Sandler Maintains Overweight on Shoals Technologies Gr, Lowers Price Target to $14
11 Apr 24
12 Industrials Stocks Moving In Monday's After-Market Session
8 Apr 24
Cantor Fitzgerald Reiterates Overweight on Shoals Technologies Gr, Maintains $24 Price Target
13 Mar 24
Press releases
ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Shoals Technologies Group, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – SHLS
25 Apr 24
SHLS Investors Have Opportunity to Lead Shoals Technologies Group, Inc. Securities Fraud Lawsuit
25 Apr 24
SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Shoals
25 Apr 24
SHOALS TECHNOLOGIES SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Shoals Technologies Group, Inc. - SHLS
24 Apr 24
SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Shoals Technologies Group, Inc. - SHLS
24 Apr 24