How to Buy Shoals Technologies Group Stock
Shoals Technologies Group Inc
Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions for solar energy projects in the United States.
Shoals Technologies Group stock last closed at $5.11, up 3.23% from the previous day, and has decreased 24.74% in one year. It has overperformed other stocks in the Solar industry by 0.73 percentage points. Shoals Technologies Group stock is currently +88.56% from its 52-week low of $2.71, and -27.82% from its 52-week high of $7.08.
As of Jun 13, 2025, there are 167.17M shares of SHLS outstanding. The market value of SHLS is $854.26M. In the last 24 hours, 6.29M SHLS shares were traded.
How to Buy Shoals Technologies Group Stock
Wondering how to invest in Shoals Technologies Group stock? Here's how.
- Decide where to buy Shoals Technologies Group stock: You need to choose an online brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you determine where to buy Shoals Technologies Group stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your investment account: Pick your method of payment and add your details.
- Analyze Shoals Technologies Group stock: The Shoals Technologies Group ticker symbol is SHLS. Is Shoals Technologies Group stock a good investment? Should you buy shares of SHLS? How do SHLS's underlying business fundamentals look? Do top analysts think Shoals Technologies Group is a good buy? Why has SHLS's stock price moved recently? (Hint: Our stock market analysis tools can help you understand if SHLS is a good stock to buy).
- Execute your SHLS buy order: Decide if you will purchase SHLS shares at the current market price or use a limit order to purchase SHLS shares at a specific price.
- Watch your SHLS investment: Create a watchlist to keep track of your position in Shoals Technologies Group stock.
Step 1: Decide where to buy Shoals Technologies Group stock
You need an online brokerage account in order to access the NASDAQ market and buy SHLS shares.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Create a brokerage account
Now that you've selected your brokerage, it's time to fill out some personal info so you can invest in SHLS today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to start a new brokerage account.
- Send your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have created your account on stock market app, your next step is to transfer the money for your investment:
Watch this video walkthrough for more details transferring money into your new investment account.
Step 4: Analyze Shoals Technologies Group stock
After you have selected the best place to buy Shoals Technologies Group stock, it's absolutely critical to analyze their stock before you buy, so you actually comprehend the risk and opportunity.
Shoals Technologies Group stock at a glance
SHLS Overview
WallStreetZen was created to help part-time investors do better fundamental analysis.
You can view all of the due diligence checks on SHLS's stock page.
Is SHLS stock overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge SHLS's intrinsic value.
Using relative valuations metrics:
- SHLS could be overvalued based on its P/E ratio of 46.45x, relative to Solar industry P/E ratio of 19.71x
- SHLS could be undervalued based on its P/B ratio of 1.53x, relative to Solar industry P/B ratio of 2.12x
- SHLS could be undervalued based on its PEG ratio of 0.71x
You can access more valuation analysis on SHLS's stock here.
SHLS Financial Health
Signs that SHLS is financially healthy:
- There are more short-term assets than short-term liabilities on the SHLS balance sheet.
- There are more short-term assets than long-term liabilities on the SHLS balance sheet.
- SHLS's operating cash flow of $83.09M allows it to safely service it's debt of $141.75M.
Signs that SHLS is not financially healthy:
- SHLS profit margin has gone down from 6.4% to 4.9% in the past year.
- SHLS earnings of $39.75M is not sufficient to cover its interest payments.
- SHLS has a relatively high debt to equity ratio of 0.41.
Do analysts think it's a good time to buy Shoals Technologies Group stock
Out of 15 Equities analysts who give forecasts on SHLS, the consensus analyst rating on SHLS is a Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
Latest SHLS Analyst Upgrades/Downgrades
Julien Dumoulin-Smith, a top 5% analyst from Jefferies maintains SHLS with a hold rating and lowers their SHLS price target from $4.60 to $3.40, on Mar 12, 2025.
Jon Windham, a top 25% analyst from UBS maintains SHLS with a strong buy rating and lowers their SHLS price target from $8.00 to $7.00, on Feb 26, 2025.
Kashy Harrison, a bottom 2% analyst from Piper Sandler maintains SHLS with a strong buy rating and lowers their SHLS price target from $8.00 to $6.00, on Feb 26, 2025.
Christopher Dendrinos, a top 9% analyst from RBC Capital maintains SHLS with a buy rating and lowers their SHLS price target from $9.00 to $7.00, on Feb 26, 2025.
Philip Shen, a bottom 4% analyst from Roth MKM maintains SHLS with a hold rating and lowers their SHLS price target from $5.00 to $4.50, on Feb 26, 2025.
You can dive deeper into what analysts are projecting on the Shoals Technologies Group stock forecast page.
SHLS Momentum
SHLS Revenue
Last year, SHLS earnings were $19.07M. In the last three year, SHLS's earnings have gone up by 82.98% per year. This was slower than the Solar industry average of 303.46%.
Last year, SHLS revenue was $388.76M. During the past four year, SHLS's revenue has grown by 21.16% per year. This was faster than the Solar industry average of 11.97%.
Dive into SHLS's earnings and revenue performance here.
Latest Insiders Trades at SHLS
In the last 12 months, executives and large shareholders at SHLS have sold more shares than they have bought.
Jeffery Tolnar, President of SHLS, was the latest SHLS insider to sell. They sold $4,697.80 worth of SHLS shares on Mar 31, 2025.
Get more info about who owns SHLS stock here.
Can I get consistent income from SHLS stock?
No, Shoals Technologies Group doesn't provide an income stream by paying out dividends.
What others are saying about SHLS
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Execute your SHLS buy order
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally fine. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact price, use a limit order.
Click the Open Trade button and eToro will place the order.
If you want additional help investing in stocks on eToro, click the how to video below:
Step 6: Watch your SHLS investment
Now that you own some SHLS stock, you'll want to keep up with your new investment.
Create a watchlist to get notified of the latest news about your SHLS stock.
SHLS Feed
How to Buy Stock in Shoals Technologies Group
To reiterate, here are the 6 steps to buy stock in Shoals Technologies Group:
- Decide where to buy Shoals Technologies Group stock
- Create a brokerage account
- Fund your investment account
- Analyze Shoals Technologies Group stock
- Execute your SHLS buy order
- Watch your SHLS investment
If you are looking for a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to monitor your investment in Shoals Technologies Group, create your watchlist below.
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