SHLS Shoals Technologies Group, Inc. Class A Common Stock

XNAS 7.96 Delayed
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Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

SHLS $7.96 —
Key stats
$7.96
Pre-market $7.60 -4.46%
52-Week Range
$5.43 – $13.18
YTD
-12.49%
IV Rank (30D)
62.77
Straddle Price
$1.85
P/C Vol Ratio
0.41
Market Cap
$1.3B
Open
$7.65
Day Range
$7.61 – $8.05
Volume
3,712,367
Prev Close
$7.47
Fair Value
MODEL: LONG

A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.

  • DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
  • Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
  • DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
  • P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
  • Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
  • Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
  • Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
  • Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
10-yr Treasury (rf)5.15%
Beta vs SPY1.15
Cost of Equity (CAPM)11.47% (VRP-adj)
WACC10.60%
Volatility Risk Premium+88.0pp (IV − HV30), ERP adj +50bps
Effective Tax Rate28.7%
Rev. Growth (YoY, DCF input)+20.3%
DCF Horizon10 years explicit + fade
Forward Tilt (NTM/TTM)×1.10 (applied to P/E, EV/EBITDA, P/S)
Free Cash Flow (TTM)$-0.1B
Return on Equity (TTM)5.2%
Book / Price46.0% — banking bias active (P/B is primary)
Gross Margin (TTM)31.9%
FCF Margin (TTM)-8.8%
Debt / Equity0.32
Quality Score2/6 — normal (10y DCF)
SMA 50$7.63 (Market Anchor value)
SMA 20 / Bollinger Mid$7.98
Bollinger Width / SMA20300.6% (drives anchor stability)
Net Debt$0.2B
Market Cap$1B
Peers used for multiples: ENPH, FSLR, NXT, SEDG (filtered from 8 ETF-co-members; sector bias active)
60-Day Conviction
96%
20-Day Fair Value
≈ by Nov 20, 2026
$8.18
α +2.8% rank 81%
conviction
97%
40-Day Fair Value
≈ by Dec 21, 2026
$8.32
α +4.6% rank 80%
conviction
97%
60-Day Fair Value
≈ by Jan 19, 2027
$8.35
α +4.9% rank 74%
conviction
96%
MethodImplied PriceWeightDetail
DCF n/a 0%
DDM (Gordon) n/a 0%
Peer P/E $4.22 15% median 20.2× · 3 peers
Peer EV/EBITDA $6.42 15% median 14.7× · 3 peers
Peer P/B $15.17 15% median 4.1× · 4 peers
Peer P/S $12.43 15% median 3.2× · 4 peers
Market Anchor (SMA50) $7.63 0% stability 0% (BB-width)
Options Expected (B-L 30d) $7.76 41% 17 strikes · skew -0.01
As of 2026-10-22 · updated
About
Industry (SIC)
SEMICONDUCTORS & RELATED DEVICES (3674) · industry map
Exchange
XNAS
Market Cap
$1.3B
Employees
1,480
List Date
2021-01-27
CIK
0001831651
Next Earnings
2026-11-04 (Pre-Market)
EPS Forecast
$0.10 (4 est.)
Headquarters
Portland, TN
Homepage
https://www.shoals.com

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.

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
'21'22'23'24'25'26Avg
Jan9.52%-29.28%16.50%-13.18%-20.99%3.85%-5.60%
Feb-13.43%-8.24%-12.58%-9.46%-33.26%-36.37%-18.89%
Mar-6.00%2.96%-9.38%-16.25%14.88%10.40%-0.56%
Apr-7.23%-41.53%-7.65%-25.75%10.74%15.07%-9.39%
May-11.45%41.82%15.77%-7.41%25.20%52.57%19.42%
Jun27.01%10.31%5.27%-12.85%-6.80%-18.72%0.70%
Jul-17.48%45.06%3.34%6.38%2.37%-15.56%4.02%
Aug13.64%17.80%-24.63%-13.48%26.16%-26.15%-1.11%
Sep-15.23%-15.92%-11.11%-9.95%10.27%20.90%-3.51%
Oct11.60%0.61%-10.39%-0.55%32.53%-2.15%*5.27%
Nov-13.99%26.62%-4.15%-5.95%-18.86%---3.27%
Dec-10.37%5.88%4.79%7.17%8.56%--3.21%
Total-36.41%18.44%-35.27%-67.23%30.14%-23.20%-18.92%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $7.98
SMA 50: $7.63
SMA 200: $8.53
Current: $7.96
EMA 12: $7.85
EMA 26: $7.87
MACD: -0.0169 | Signal: -0.0874
BULLISH
ADX (14): 16.17
RANGE
+DI: 25.70
−DI: 26.51

Momentum Oscillators

RSI (14): 51.21
NEUTRAL
Stoch %K: 32.53
Stoch %D: 22.83
Williams %R: -47.33

Volume & Volatility

BB Upper: $8.94
BB Lower: $7.02
NEUTRAL
OBV: 90,242,649
Vol SMA 20: 4,289,576
Vol ROC: -36.50%
ATR: $0.49
True Range: $0.58
HV 20: 63.1%
HV 30: 66.9%
HV 60: 70.5%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis

LLM Stock Analysis Report

Executive Summary

Overall assessment: BULLISH (Confidence level: 6/10)

Key drivers:

  • Technical momentum indicators (RSI, Stochastic Oscillator) indicate a neutral trend
  • Recent news headlines highlight positive developments for the company
  • Beta and volatility metrics suggest high risk, but recent options activity indicates bullish sentiment

Primary risks:

  • High beta and volatility may lead to significant price movements
  • Options market pricing suggests a potential $1.05 move by expiration

Investment thesis: SHLS has the potential for continued growth based on its positive news headlines and technical momentum indicators.

Recent news sentiment impact: The recent news headlines have been overwhelmingly positive, with a strong emphasis on patent infringement victories and executive share sales.

Technical Analysis

Trend Direction: Short-term: NEUTRAL (RSI 38.52), Medium-term: BEARISH (SMA 20 < current price)

Support/Resistance Levels: Key levels:

  • Upper Bollinger Band: $9.58
  • Middle Band: $8.05
  • Lower Band: $6.51

Momentum Signals:

  • RSI interpretation: Neutral (38.52)
  • MACD signal: Bearish (Histogram -0.57)
  • Bollinger Bands position: Squeeze (Price below middle band)

Volume Analysis: Volume trends and institutional interest signals:

  • On-Balance Volume (OBV): 61198219.91
  • Volume Rate of Change: -16.96%

News & Sentiment Analysis

Recent Headlines Summary: Key themes from last 10 news articles:

  1. Patent infringement victories against Voltage in North Carolina (POSITIVE)
  2. ITC victory upholding American intellectual property (POSITIVE)
  3. CFO sold over 54,000 company shares (POSITIVE)

Sentiment Assessment: Aggregate news sentiment: POSITIVE

Catalyst Identification: Upcoming events:

  • Earnings release date and conference call announced (NEUTRAL)

Risk & Volatility Assessment

Beta Interpretation: High risk relative to market (beta 2.96)

Volatility Regime: Current vs historical volatility levels:

  • Stock volatility: 0.85
  • Historical Volatility: HV20 68.6%, HV30 81.6%, HV60 94.7%

Options Market Signals:

  • IV rank: 56.7% (Medium)
  • Put/Call volume ratio: 0.38 (Bullish sentiment)

Market Context & Positioning

Sector Performance: Relative strength vs sector/market:

  • SHLS performs below its peers in the technology sector

Institutional Activity: Volume patterns suggesting institutional interest:

  • OBV suggests a neutral trend

Correlation Analysis: How stock moves relative to market (R-squared interpretation):

  • Correlation: 0.45

Key Levels & Action Items

Critical Price Levels: Support/resistance to monitor:

  • Upper Bollinger Band: $9.58
  • Middle Band: $8.05
  • Lower Band: $6.51

Breakout/Breakdown Levels: Technical levels that could trigger significant moves:

  • SMA 20: $8.05 (near-term support)
  • EMA 12: $7.55 (short-term resistance)

Time-Sensitive Catalysts: Earnings dates, FDA approvals, product launches:

  • Earnings release date and conference call announced (NEUTRAL)

Risk Management: Stop-loss levels and position sizing considerations:

  • Consider setting stop-loss at $6.51 or below to manage risk

This report provides an in-depth analysis of SHLS's technical indicators, recent news headlines, and market context. The overall assessment is bullish with a confidence level of 6/10, considering the positive news sentiment, neutral trend direction, and high volatility. However, it also highlights potential risks, including the company's high beta and volatility, which may lead to significant price movements.

Generated
News
All SHLS news →
Earnings History
19 of 22 under expected move
Avg Expected Move
17.07%
Avg Actual Move
7.27%
Each row pairs the pre-earnings straddle-implied expected move with the realized close-to-close move. Sorted oldest first.
Earnings Date Timing Expected Move Actual Move Ratio Outcome
2021-03-16 Pre-Market 12.24% 0.45% 0.04x Within
2021-07-13 Pre-Market 3.63% 14.37% 3.96x Exceeded
2021-11-10 Pre-Market 14.35% 6.44% 0.45x Within
2022-03-11 Pre-Market 14.07% 14.58% 1.04x Exceeded
2022-05-17 Pre-Market 17.08% 10.73% 0.63x Within
2022-08-16 Pre-Market 14.49% 5.07% 0.35x Within
2022-11-14 Pre-Market 11.14% 1.45% 0.13x Within
2023-02-28 Pre-Market 16.00% 1.20% 0.07x Within
2023-05-08 Pre-Market 14.08% 4.01% 0.28x Within
2023-08-01 Pre-Market 14.83% 0.58% 0.04x Within
2023-11-07 Pre-Market 14.70% 3.71% 0.25x Within
2024-02-28 Pre-Market 22.48% 0.00% 0.00x Within
2024-05-07 Pre-Market 21.81% 0.56% 0.03x Within
2024-08-06 Pre-Market 23.35% 0.73% 0.03x Within
2024-11-12 Pre-Market 16.46% 15.94% 0.97x Within
2025-02-25 Pre-Market 24.55% 4.80% 0.20x Within
2025-05-06 Pre-Market 17.95% 17.29% 0.96x Within
2025-08-05 Pre-Market 16.73% 13.20% 0.79x Within
2025-11-04 Pre-Market 22.00% 10.64% 0.48x Within
2026-02-24 Pre-Market 20.71% 30.96% 1.49x Exceeded
2026-05-05 Pre-Market 19.04% 1.69% 0.09x Within
2026-08-04 Pre-Market 23.75% 1.60% 0.07x Within

Earnings calendar: this week’s reports with expected vs actual moves →

SHLS Options Activity & IV Rank

SHLS IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 101.9%
7-DTE IV: —
Expected Move: $1.85
7-DTE Move: $1.85
Days to Exp: 30 (2026-11-20)

Options Flow

Call Volume: 318
Put Volume: 131
P/C Volume: 0.412
BULLISH
Call OI: 10,227
Put OI: 7,216
P/C OI: 0.706
Total OI: 17,443

ATM Options Pricing

ATM Call: $0.90
ATM Put: $0.95
Call %: 11.3%
Put %: 11.9%

Chain Summary

Chain Volume: 4,887
Chain OI: 85,911
Last Updated: 10/21/2026
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Dealer Positioning
TYPICAL γ

Estimated net dealer gamma is at the 56th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.

Gamma percentile
56%
vs own history
GEX tilt
+0.71
OI-weighted, today
Vanna tilt
-0.32
δ-sensitivity to IV
Charm tilt
-0.17
δ-decay vs time
Vanna tilt -0.32: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably if implied volatility changed.

Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.

Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.

Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.

This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.

· 18 ATM contracts, 17k total OI
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
as of Oct 21 · No data
30 DTE / 10d —
— pts EXTREME
as of Oct 21 · ATM 101.9% / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)62.8MediumOct 21
Straddle Price (30 DTE)$1.85Oct 21
Beta Analysis

Risk Metrics

Beta: 3.1544
Alpha: -38.87%
Correlation: 0.4782
R-Squared: 22.9%
Stock Volatility: 83.8%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own SHLS
4 of 37 tracked investors
InvestorValueShare of their portfolioRankQ/Q sharesSource
Renaissance Technologies Hedge fund
Jim Simons
$8.3M
0.01%
#1160 of 3138+3766.4%13F
Citadel Hedge fund
Ken Griffin
$4.4M
0.00%
#2203 of 6285-74.9%13F
Millennium Management Hedge fund
Izzy Englander
$634K
0.00%
#3087 of 3716-82.1%13F
Rockefeller Capital Management Family office
Rockefeller family
$6K
0.00%
#4199 of 4729+297.3%13F

Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions

SHLS Institutional Ownership (13F)

Latest filings — 2026-09-30
Diluted shares outstanding: 168,676,500 (as of 2026-06-30)

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

283 filers189,850,986 shares$1.86B value112.55% of float
# Filer Shares Value % of Total % of Float Period
1 BlackRock, Inc. Custodian 28,727,968 $284.41M 15.31% 17.03% 2026-06-30
2 T. Rowe Price Associates, Inc. 21,602,202 $213.86M 11.52% 12.81% 2026-06-30
3 Vanguard Group Inc Custodian 13,594,139 $115.55M 6.22% 8.06% 2025-12-31
4 Vanguard Capital Management LLC 7,435,246 $73.61M 3.96% 4.41% 2026-06-30
5 Invesco Ltd. Custodian 7,157,142 $70.86M 3.82% 4.24% 2026-06-30
6 State Street Corp 6,052,905 $59.92M 3.23% 3.59% 2026-06-30
7 T. Rowe Price Investment Management, Inc. 6,037,171 $59.77M 3.22% 3.58% 2026-06-30
8 Amundi Custodian 5,374,593 $53.23M 2.87% 3.19% 2026-06-30
9 Geode Capital Management, LLC Custodian 4,745,938 $46.99M 2.53% 2.81% 2026-06-30
10 Dimensional Fund Advisors LP Custodian 4,590,497 $45.44M 2.45% 2.72% 2026-06-30
11 Vanguard Portfolio Management LLC 4,500,168 $44.55M 2.40% 2.67% 2026-06-30
12 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 4,276,470 $42.34M 2.28% 2.54% 2026-06-30
13 Greenvale Capital LLP 4,250,000 $42.08M 2.27% 2.52% 2026-06-30
14 Handelsbanken Fonder AB 3,766,966 $37.29M 2.01% 2.23% 2026-06-30
15 Schroder Investment Management Group 2,889,908 $28.61M 1.54% 1.71% 2026-06-30
16 Pictet Asset Management Holding SA 2,839,736 $28.11M 1.51% 1.68% 2026-06-30
17 UBS Group AG Custodian 2,732,435 $27.05M 1.46% 1.62% 2026-06-30
18 Northern Trust Corp Custodian 2,324,998 $23.02M 1.24% 1.38% 2026-06-30
19 ACK Asset Management LLC 2,255,000 $22.32M 1.20% 1.34% 2026-06-30
20 Ameriprise Financial, Inc. Custodian 1,926,830 $19.08M 1.03% 1.14% 2026-06-30
21 Redwood Grove Capital, LLC 1,760,722 $17.43M 0.94% 1.04% 2026-06-30
22 Morgan Stanley Custodian 1,749,628 $17.32M 0.93% 1.04% 2026-06-30
23 ROYCE & ASSOCIATES LP 1,723,952 $17.07M 0.92% 1.02% 2026-06-30
24 ARDSLEY ADVISORY PARTNERS LP 1,665,000 $16.48M 0.89% 0.99% 2026-06-30
25 VOYA INVESTMENT MANAGEMENT LLC 1,627,824 $16.12M 0.87% 0.97% 2026-06-30
24 filers$102.00M notional
# Filer Notional Value % of Total Period
1 Susquehanna International Group, LLP Custodian $21.94M 21.51% 2026-06-30
2 Arosa Capital Management LP $14.36M 14.07% 2026-06-30
3 Jane Street Group, LLC Custodian $12.03M 11.79% 2026-06-30
4 Caption Management, LLC $11.88M 11.65% 2026-06-30
5 GROUP ONE TRADING LLC Custodian $8.31M 8.15% 2026-06-30
6 Citadel Advisors LLC Custodian $7.00M 6.86% 2026-06-30
7 Simplex Trading, LLC Custodian $4.85M 4.75% 2026-06-30
8 KINGDON CAPITAL MANAGEMENT, L.L.C. $3.96M 3.88% 2026-06-30
9 IMC-Chicago, LLC Custodian $3.30M 3.24% 2026-06-30
10 Jefferies Financial Group Inc. $2.82M 2.76% 2026-06-30
11 LMR Partners LLP $1.98M 1.94% 2026-06-30
12 Wolverine Trading, LLC Custodian $1.93M 1.89% 2025-09-30
13 Aperture Investors, LLC $1.86M 1.83% 2026-06-30
14 Barclays PLC Custodian $1.83M 1.79% 2026-06-30
15 Walleye Trading LLC $1.29M 1.26% 2026-06-30
16 NOMURA HOLDINGS INC $921.69K 0.90% 2026-06-30
17 Royal Bank of Canada Custodian $495.00K 0.49% 2026-06-30
18 D. E. Shaw & Co., Inc. Custodian $436.59K 0.43% 2026-06-30
19 Sender Co & Partners, Inc. $222.75K 0.22% 2026-06-30
20 Point72 Asset Management, L.P. $217.80K 0.21% 2026-06-30
21 HAP TRADING, LLC $181.11K 0.18% 2025-09-30
22 Walleye Capital LLC $141.57K 0.14% 2026-06-30
23 Centiva Capital, LP $34.65K 0.03% 2026-06-30
24 Merit Financial Group, LLC Custodian $15.84K 0.02% 2026-06-30
13 filers$26.84M notional
# Filer Notional Value % of Total Period
1 Caption Management, LLC $11.78M 43.87% 2026-06-30
2 Susquehanna International Group, LLP Custodian $3.40M 12.68% 2026-06-30
3 Citadel Advisors LLC Custodian $2.04M 7.62% 2026-06-30
4 IMC-Chicago, LLC Custodian $1.71M 6.36% 2026-06-30
5 LMR Partners LLP $1.49M 5.53% 2026-06-30
6 Jane Street Group, LLC Custodian $1.41M 5.24% 2026-06-30
7 J. Goldman & Co LP $1.04M 3.87% 2026-06-30
8 GROUP ONE TRADING LLC Custodian $1.02M 3.81% 2026-06-30
9 Wolverine Trading, LLC Custodian $990.00K 3.69% 2025-09-30
10 Jefferies Financial Group Inc. $910.80K 3.39% 2026-06-30
11 Simplex Trading, LLC Custodian $704.88K 2.63% 2026-06-30
12 Walleye Capital LLC $314.82K 1.17% 2026-06-30
13 Walleye Trading LLC $39.60K 0.15% 2026-06-30

SHLS Insider Trading (Form 4)

Latest: 2026-09-11
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2026-09-11 Kirsten Moen Chief Operating Officer Tax (F) −2,790 $7.06 -$19.7K EDGAR
2026-08-14 Brandon Moss Chief Executive Officer Tax (F) −104,386 $8.14 -$849.7K EDGAR
2026-07-20 Brandon Moss Chief Executive Officer Tax (F) −9,133 $10.30 -$94.1K EDGAR
2026-06-16 Bobbie Lee King Jr Chief Legal Officer Mixed −23,754 $10.25 -$233.3K EDGAR
2026-06-02 Dominic Bardos Chief Financial Officer Tax (F) −30,204 $12.18 -$367.9K EDGAR
2026-06-02 Jeffery Tolnar President Tax (F) −8,630 $12.18 -$105.1K EDGAR
2026-06-02 James Ryan Hart Chief People Officer Tax (F) −6,479 $12.18 -$78.9K EDGAR
2026-05-08 Dominic Bardos Chief Financial Officer Sell (S) −54,449 $8.48 -$461.7K EDGAR
2026-05-01 John Bradford Forth Director Award (A) +35,265 — EDGAR
2026-05-01 Lori S Sundberg Director Award (A) +22,671 — EDGAR
2026-05-01 Toni Volpe Director Award (A) +22,671 — EDGAR
2026-05-01 Niharika Ramdev Director Award (A) +22,671 — EDGAR
2026-05-01 Ty P. Daul Director Award (A) +22,671 — EDGAR
2026-05-01 Robert K. Julian Director Award (A) +22,671 — EDGAR
2026-05-01 Jeannette M Mills Director Award (A) +22,671 — EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

SHLS Insider Holdings

15 insiders · @ $7.96
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
# Insider Role Shares Disclosed Exposure Lifetime OM Net Filings Last Filed
1 Brandon Moss Chief Executive Officer 1,041,482 $8.28M $34.8K 12 2026-08-14
2 John Bradford Forth Director 599,255 $4.77M $0 9 2026-05-01
3 Dominic Bardos Chief Financial Officer 364,775 $2.90M -$428.7K 22 2026-06-02
4 Jeffery Tolnar President 273,800 $2.18M -$356.6K 22 2026-06-02
5 Ty P. Daul Director 127,952 $1.02M $96.8K 7 2026-05-01
6 Lori S Sundberg Director 122,452 $974.1K $0 6 2026-05-01
7 Toni Volpe Director 122,452 $974.1K $0 6 2026-05-01
8 Jeannette M Mills Director 104,096 $828.1K $0 5 2026-05-01
9 Robert K. Julian Director 104,096 $828.1K $0 5 2026-05-01
10 James Ryan Hart Chief People Officer 102,173 $812.8K $0 1 2026-06-02
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.

SHLS Board & Officers

As of SEC filings through Sep 11, 2026

Directors 8

Officers 7

Changes in the last 10 years (55)
Apr 1, 2026Kirsten Moen became Chief Operating Officer
Apr 1, 2026James Ryan Hart became Chief People Officer
Nov 10, 2025David Sean Van Bibber became Chief Accounting Officer
Jun 16, 2025Bobbie Lee King Jr became Chief Legal Officer
May 2, 2025The company announced the departure of Inez Lund as Chief Accounting Officer in an SEC filing
Aug 9, 2024Niharika Ramdev became a director
Aug 7, 2024The company announced the departure of Peter M Wilver from the board in an SEC filing
Jul 18, 2024Brandon Moss first listed as a director in an SEC filing
Feb 27, 2024Inez Lund became Chief Accounting Officer
Jul 17, 2023Brandon Moss became Chief Executive Officer
Mar 16, 2023Jason R Whitaker reported in an SEC filing no longer being a director
Mar 16, 2023Jason R Whitaker reported in an SEC filing no longer being Chief Executive Officer
Mar 10, 2023Solon Holdco III, LLC reported in an SEC filing no longer being a 10% owner
Mar 10, 2023Solon Holdco II, LLC reported in an SEC filing no longer being a 10% owner
Mar 10, 2023Solon Holdco I, LLC reported in an SEC filing no longer being a 10% owner
Mar 10, 2023Dean Solon reported in an SEC filing no longer being a 10% owner
Dec 19, 2022Jeffery Tolnar became President
Oct 3, 2022Dominic Bardos became Chief Financial Officer
Aug 15, 2022Robert K. Julian became a director
Aug 15, 2022Jeannette M Mills became a director
Not reported recently (14)
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.

SHLS Proposed Insider Sales (Form 144)

Latest: 2026-06-16
Last 30d: 0 filings  ·  Last 90d: 0 filings

What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.

How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.

10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.

"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.

Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.

Filed Filer Role Shares Notice Value Planned Sale Broker Plan Link
2026-06-16 Bobbie King Officer 10,000 $103.5K 2026-06-16 UBS Financial Services Inc — EDGAR
2026-05-08 ARPAD DOMINIC BARDOS Officer 54,449 $460.0K 2026-05-08 UBS Financial Services Inc — EDGAR
2025-12-05 ARPAD DOMINIC BARDOS Officer 4,170 $32.4K 2025-12-05 UBS Financial Services Inc — EDGAR
2025-12-05 JEFFERY TOLNAR Officer 2,450 $19.1K 2025-12-05 UBS Financial Services Inc — EDGAR
2025-03-10 JEFFERY Tolnar Officer 2,700 $7.7K 2025-03-10 UBS Financial Services Inc — EDGAR
2025-03-10 Inez Lund Officer 1,900 $5.4K 2025-03-10 UBS Financial Services Inc — EDGAR
2025-03-05 ARPAD DOMINIC BARDOS Officer 7,450 $22.9K 2025-03-05 UBS Financial Services Inc — EDGAR
2025-03-05 Brandon Moss Officer 21,700 $66.5K 2025-03-05 UBS Financial Services Inc — EDGAR
2025-03-05 Jeffrey Tolnar Officer 5,800 $17.7K 2025-03-05 UBS Financial Services Inc — EDGAR
2025-03-05 Inez Lund Officer 1,025 $3.1K 2025-03-05 UBS Financial Services Inc — EDGAR
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
ETF Holders
81 ETFs hold SHLS
25 shown · $322.18M total exposure · 0.13% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 AIRR First Trust RBA American Industrial Renaissance® ETF First Trust 0.61% $51.5M $8.5B 2026-10-20
2 VTI Vanguard Morningstar Total Stock Market ETF Vanguard 0.00% $43.3M — 2026-09-30
3 IWM iShares Russell 2000 ETF iShares (BlackRock) 0.04% $32.9M $75.1B 2026-10-20
4 TAN Invesco Solar ETF Invesco 2.85% $24.9M — 2026-10-20
5 ICLN iShares Global Clean Energy ETF iShares (BlackRock) 0.88% $18.2M $2.1B 2026-10-20
6 VXF Vanguard Extended Market ETF Vanguard 0.02% $15.4M — 2026-09-30
7 VB Vanguard Morningstar Small-Cap ETF Vanguard 0.01% $15.3M — 2026-09-30
8 DFAT Dimensional US Targeted Value ETF Dimensional 0.04% $11.4M — 2026-10-20
9 IWO iShares Russell 2000 Growth ETF iShares (BlackRock) 0.08% $11.2M $13.6B 2026-10-20
10 SCHA Schwab U.S. Small-Cap ETF Nport 0.04% $10.0M — 2026-05-31
11 DFSV Dimensional US Small Cap Value ETF Dimensional 0.04% $9.5M — 2026-10-20
12 KOMP State Street® SPDR® S&P Kensho New Economies Composite ETF SPDR (State Street) 0.37% $9.3M $2.5B 2026-10-20
13 TMSL T. Rowe Price Small-Mid Cap ETF Nport 0.33% $8.8M — 2026-06-30
14 VBK Vanguard Morningstar Small-Cap Growth ETF Vanguard 0.02% $8.5M — 2026-09-30
15 VTWO Vanguard Russell 2000 ETF Vanguard 0.05% $8.0M — 2026-09-30
16 DFAS Dimensional US Small Cap ETF Dimensional 0.02% $7.8M — 2026-10-20
17 PBW Invesco WilderHill Clean Energy ETF Nport 1.40% $5.9M — 2026-07-31
18 AIPO Defiance AI & Power Infrastructure ETF Nport 0.71% $5.3M — 2026-05-31
19 CNRG State Street® SPDR® S&P Kensho Clean Power ETF SPDR (State Street) 3.08% $5.0M $161.9M 2026-10-20
20 DFAC Dimensional US Core Equity 2 ETF Dimensional 0.01% $4.4M — 2026-10-20
21 PSC Principal U.S. Small-Cap ETF Nport 0.18% $4.3M — 2026-06-30
22 ACES ALPS Clean Energy ETF Nport 2.26% $3.3M — 2026-05-31
23 DFMC Dimensional US Micro Cap ETF Dimensional 0.04% $3.2M — 2026-10-20
24 AVSC Avantis U.S. Small Cap Equity ETF Avantis 0.08% $2.5M $3.1B 2026-10-20
25 QCLN First Trust NASDAQ® Clean Edge® Green Energy Index Fund First Trust 0.47% $2.3M $484.9M 2026-10-20
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.

Trailing P/E
—
TTM Diluted EPS
$0.19
TTM Revenue
$588.06M
TTM Net Income
$31.84M
TTM Op. Cash Flow
$-19.31M
Quarterly figures (12 quarters)
QuarterPeriod EndRevenueNet IncomeDiluted EPSOp. Cash Flow
Q2 '262026-06-30$163.37M$12.14M$0.07$6.81M
Q1 '262026-03-31$140.56M$-297.00K—$-41.45M
Q4 '252025-12-31$148.32M$8.12M$0.05$-4.09M
Q3 '252025-09-30$135.80M$11.88M$0.07$19.42M
Q2 '252025-06-30$110.84M$13.86M$0.08$-13.82M
Q1 '252025-03-31$80.36M$-282.00K—$15.56M
Q4 '242024-12-31$106.99M$7.82M$0.04$13.99M
Q3 '242024-09-30$102.17M$-267.00K—$15.70M
Q2 '242024-06-30$99.25M$11.80M$0.07$37.84M
Q1 '242024-03-31$90.81M$4.77M$0.03$12.86M
Q4 '232023-12-31$130.44M$16.58M$0.10$26.45M
Q3 '232023-09-30$134.21M$-9.83M$-0.06$27.67M
Q2 2026 • period ending 2026-06-30 • filed 2026-08-04
Valuation

Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.

Price Multiples
  • P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
  • P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
  • P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
  • EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
  • EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
  • ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
  • ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
  • Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
  • FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
  • Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
  • Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
  • Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
  • Multiples expanding while earnings are flat = sentiment-driven rally.
  • Multiples compressing while earnings grow = value coming from fundamentals.
P/E
41.87
P/B
2.17
P/S
2.28
EV/EBITDA
19.41
EV/Sales
2.59
ROE
5.2%
ROA
3.1%
Div Yield
0.00%
FCF Yield
-1.44%
Debt/Equity
0.32
Current Ratio
—
Market Cap
$1.34B
as of 2026-10-21
Short Interest & Float

Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.

Metric definitions
  • Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
  • SI % of Float — short interest / free float. The key crowding metric.
  • Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
  • Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
  • Free Float — shares available for public trading (total shares minus insider / restricted).
  • Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
  • SI % of Float < 5% — typical, no particular signal.
  • 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
  • 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
  • >30% — extreme; borrow is likely expensive and squeeze risk is material.
  • Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
  • Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
  • A sudden drop in SI after a rally may indicate a squeeze in progress.

Short interest is reported mid-month and end-of-month; short volume is daily.

Short Interest
16.19M
SI % of Float
9.70%
Days to Cover
3.83
Short Vol Ratio
69.8%
Free Float
166.92M
Float %
99.2%
Short interest 2026-09-30 • Short volume 2026-10-21 • Float 2026-08-14