SHLS Stock Summary and Trading Ideas (Shoals Technologies Group - Class A | NASDAQ:SHLS)

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.

Shoals Technologies Group - Class A trades on the NASDAQ stock market under the symbol SHLS.

As of March 30, 2026, SHLS stock price declined to $6.25 with 3,466,012 million shares trading.

SHLS has a beta of 1.02, meaning it tends to be more sensitive to market movements. SHLS has a correlation of 0.04 to the broad based SPY ETF.

SHLS has a market cap of $1.05 billion. This is considered a Small Cap stock.

Last quarter Shoals Technologies Group - Class A reported $148 million in Revenue and $.10 earnings per share. This beat revenue expectation by $4 million and missed earnings estimates by -$.04.

In the last 3 years, SHLS traded as high as $28.34 and as low as $2.71.

The top ETF exchange traded funds that SHLS belongs to (by Net Assets): AIRR, TAN, VTI, IWM, ICLN.

SHLS has outperformed the market in the last year with a price return of +82.7% while the SPY ETF gained +12.7%. However, in the short term, SHLS had mixed performance relative to the market. It has underperformed in the last 3 months, returning -32.1% vs -8.2% return in SPY. But in the last 2 weeks, SHLS shares have fared better than the market returning +2.0% compared to SPY -4.3%.

SHLS support price is $6.30 and resistance is $6.95 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SHLS shares will trade within this expected range on the day.