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Shoals Technologies Group (SHLS)

(Real Time Quote from BATS)

$5.22 USD

5.22
1,261,200

-0.09 (-1.70%)

Updated Aug 16, 2024 02:16 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.03%
2Buy17.70%
3Hold9.37%
4Sell5.03%
5Strong Sell2.48%
S&P50011.19%

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4-Sell of 5       4  

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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B Value A Growth D Momentum A VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 29% (74 out of 251)

Industry: Solar

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Balance Sheet

Research for SHLS

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Shoals Technologies Group, Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 23 9 5 10 7
Receivables 147 67 45 31 30
Notes Receivable 0 0 0 0 0
Inventories 53 73 38 15 9
Other Current Assets 4 5 5 0 1
Total Current Assets 227 154 93 56 47
Net Property & Equipment 25 17 16 13 11
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 468 292 177 0 0
Intangibles 119 127 135 122 130
Deposits & Other Assets 5 6 6 4 0
Total Assets 844 595 426 195 188
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 14 9 20 15 10
Current Portion Long-Term Debt 2 2 2 4 13
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 23 18 10 6 1
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 53 23 0 0 0
Total Current Liabilities 93 53 32 24 25
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 179 237 245 355 13
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 27 4 157 0 0
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 299 294 434 379 38
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 471 257 96 0 0
Retained Earnings 74 34 -93 0 0
Other Equity 0 10 -10 -184 150
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 545 301 -8 -184 150
Total Liabilities & Shareholder's Equity 844 595 426 195 188
Total Common Equity 545 301 -8 -184 150
Shares Outstanding 170.10 169.30 166.80 166.50 NA
Book Value Per Share 3.20 1.78 -0.04 -1.11 0.00

Fiscal Year End for Shoals Technologies Group, Inc falls in the month of December.

All items in Millions except Per Share data.

6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Assets          
Cash & Equivalents 3 15 23 9 6
Receivables 109 127 147 137 119
Notes Receivable 0 0 0 0 0
Inventories 60 60 53 61 68
Other Current Assets 5 7 4 7 7
Total Current Assets 177 208 227 214 200
Net Property & Equipment 27 26 25 23 20
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 462 466 468 477 470
Intangibles 115 117 119 121 122
Deposits & Other Assets 8 8 5 6 6
Total Assets 788 825 844 840 819
Liabilities & Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Notes Payable 0 0 0 0 0
Accounts Payable 16 16 14 17 16
Current Portion Long-Term Debt 0 0 2 2 2
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 10 10 23 22 28
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 52 54 53 44 31
Total Current Liabilities 78 80 93 84 77
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 147 169 179 188 209
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 19 27 43 4
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 244 271 299 316 289
Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 469 475 471 467 462
Retained Earnings 91 79 74 58 68
Other Equity 0 0 0 0 0
Treasury Stock 15 0 0 0 0
Total Shareholder's Equity 545 554 545 525 529
Total Liabilities & Shareholder's Equity 788 825 844 840 819
Total Common Equity 545 554 545 525 529
Shares Outstanding 170.40 170.40 170.10 170.00 169.90
Book Value Per Share 3.20 3.25 3.20 3.09 3.12