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Shoals Technologies Group (SHLS) Competitors

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$7.09 -0.29 (-3.93%)
As of 08/21/2026 04:00 PM Eastern

SHLS vs. ARRY, PLUG, ATKR, FLNC, and PLPC

Should you buy Shoals Technologies Group stock or one of its competitors? Shoals Technologies Group's main competitors and comparable companies include Array Technologies (ARRY), Plug Power (PLUG), Atkore (ATKR), Fluence Energy (FLNC), and Preformed Line Products (PLPC). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "electrical components & equipment" industry.

How does Shoals Technologies Group compare to Array Technologies?

Array Technologies (NASDAQ:ARRY) and Shoals Technologies Group (NASDAQ:SHLS) are both small-cap industrials companies, but which is the superior business? We will compare the two businesses based on the strength of their analyst recommendations, risk, media sentiment, earnings, institutional ownership, valuation, dividends and profitability.

In the previous week, Array Technologies and Array Technologies both had 5 articles in the media. Array Technologies' average media sentiment score of 1.02 beat Shoals Technologies Group's score of 0.28 indicating that Array Technologies is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Array Technologies
3 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Shoals Technologies Group
1 Very Positive mention(s)
0 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Shoals Technologies Group has a net margin of 5.41% compared to Array Technologies' net margin of -7.25%. Shoals Technologies Group's return on equity of 10.07% beat Array Technologies' return on equity.

Company Net Margins Return on Equity Return on Assets
Array Technologies-7.25% -82.63% 9.11%
Shoals Technologies Group 5.41%10.07%6.38%

Array Technologies currently has a consensus price target of $9.91, suggesting a potential upside of 111.35%. Shoals Technologies Group has a consensus price target of $10.71, suggesting a potential upside of 51.12%. Given Array Technologies' higher possible upside, equities research analysts plainly believe Array Technologies is more favorable than Shoals Technologies Group.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Array Technologies
2 Sell rating(s)
10 Hold rating(s)
9 Buy rating(s)
0 Strong Buy rating(s)
2.33
Shoals Technologies Group
0 Sell rating(s)
6 Hold rating(s)
11 Buy rating(s)
0 Strong Buy rating(s)
2.65

Shoals Technologies Group has lower revenue, but higher earnings than Array Technologies. Array Technologies is trading at a lower price-to-earnings ratio than Shoals Technologies Group, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Array Technologies$1.28B0.56-$52.24M-$0.98N/A
Shoals Technologies Group$475.33M2.51$33.57M$0.1937.32

Array Technologies has a beta of 1.85, meaning that its stock price is 85% more volatile than the broader market. Comparatively, Shoals Technologies Group has a beta of 1.93, meaning that its stock price is 93% more volatile than the broader market.

Summary

Shoals Technologies Group beats Array Technologies on 9 of the 13 factors compared between the two stocks.

How does Shoals Technologies Group compare to Plug Power?

Shoals Technologies Group (NASDAQ:SHLS) and Plug Power (NASDAQ:PLUG) are both industrials companies, but which is the superior investment? We will compare the two businesses based on the strength of their valuation, analyst recommendations, media sentiment, profitability, institutional ownership, risk, dividends and earnings.

Shoals Technologies Group currently has a consensus target price of $10.71, suggesting a potential upside of 51.12%. Plug Power has a consensus target price of $3.59, suggesting a potential upside of 58.04%. Given Plug Power's higher probable upside, analysts clearly believe Plug Power is more favorable than Shoals Technologies Group.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Shoals Technologies Group
0 Sell rating(s)
6 Hold rating(s)
11 Buy rating(s)
0 Strong Buy rating(s)
2.65
Plug Power
3 Sell rating(s)
7 Hold rating(s)
5 Buy rating(s)
2 Strong Buy rating(s)
2.35

In the previous week, Plug Power had 4 more articles in the media than Shoals Technologies Group. MarketBeat recorded 9 mentions for Plug Power and 5 mentions for Shoals Technologies Group. Plug Power's average media sentiment score of 0.53 beat Shoals Technologies Group's score of 0.28 indicating that Plug Power is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Shoals Technologies Group
1 Very Positive mention(s)
0 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Plug Power
3 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
3 Negative mention(s)
0 Very Negative mention(s)
Positive

Shoals Technologies Group has a net margin of 5.41% compared to Plug Power's net margin of -220.59%. Shoals Technologies Group's return on equity of 10.07% beat Plug Power's return on equity.

Company Net Margins Return on Equity Return on Assets
Shoals Technologies Group5.41% 10.07% 6.38%
Plug Power -220.59%-56.01%-21.09%

43.5% of Plug Power shares are owned by institutional investors. 0.8% of Shoals Technologies Group shares are owned by company insiders. Comparatively, 1.4% of Plug Power shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Shoals Technologies Group has higher earnings, but lower revenue than Plug Power. Plug Power is trading at a lower price-to-earnings ratio than Shoals Technologies Group, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Shoals Technologies Group$475.33M2.51$33.57M$0.1937.32
Plug Power$744.09M4.26-$1.63B-$1.26N/A

Shoals Technologies Group has a beta of 1.93, indicating that its stock price is 93% more volatile than the broader market. Comparatively, Plug Power has a beta of 2.2, indicating that its stock price is 120% more volatile than the broader market.

Summary

Plug Power beats Shoals Technologies Group on 9 of the 17 factors compared between the two stocks.

How does Shoals Technologies Group compare to Atkore?

Shoals Technologies Group (NASDAQ:SHLS) and Atkore (NYSE:ATKR) are both industrials companies, but which is the superior stock? We will compare the two companies based on the strength of their analyst recommendations, profitability, risk, valuation, institutional ownership, dividends, media sentiment and earnings.

In the previous week, Shoals Technologies Group had 1 more articles in the media than Atkore. MarketBeat recorded 5 mentions for Shoals Technologies Group and 4 mentions for Atkore. Atkore's average media sentiment score of 1.61 beat Shoals Technologies Group's score of 0.28 indicating that Atkore is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Shoals Technologies Group
1 Very Positive mention(s)
0 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Atkore
4 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive

Shoals Technologies Group has higher earnings, but lower revenue than Atkore. Atkore is trading at a lower price-to-earnings ratio than Shoals Technologies Group, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Shoals Technologies Group$475.33M2.51$33.57M$0.1937.32
Atkore$2.85B1.11-$15.18M-$4.81N/A

Shoals Technologies Group has a net margin of 5.41% compared to Atkore's net margin of -5.55%. Atkore's return on equity of 10.27% beat Shoals Technologies Group's return on equity.

Company Net Margins Return on Equity Return on Assets
Shoals Technologies Group5.41% 10.07% 6.38%
Atkore -5.55%10.27%4.90%

Shoals Technologies Group presently has a consensus price target of $10.71, suggesting a potential upside of 51.12%. Atkore has a consensus price target of $143.33, suggesting a potential upside of 53.10%. Given Atkore's higher probable upside, analysts plainly believe Atkore is more favorable than Shoals Technologies Group.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Shoals Technologies Group
0 Sell rating(s)
6 Hold rating(s)
11 Buy rating(s)
0 Strong Buy rating(s)
2.65
Atkore
1 Sell rating(s)
4 Hold rating(s)
0 Buy rating(s)
1 Strong Buy rating(s)
2.17

Shoals Technologies Group has a beta of 1.93, indicating that its share price is 93% more volatile than the broader market. Comparatively, Atkore has a beta of 1.68, indicating that its share price is 68% more volatile than the broader market.

Summary

Shoals Technologies Group beats Atkore on 10 of the 15 factors compared between the two stocks.

How does Shoals Technologies Group compare to Fluence Energy?

Shoals Technologies Group (NASDAQ:SHLS) and Fluence Energy (NASDAQ:FLNC) are both industrials companies, but which is the superior stock? We will contrast the two companies based on the strength of their risk, analyst recommendations, valuation, profitability, dividends, institutional ownership, media sentiment and earnings.

Shoals Technologies Group has a net margin of 5.41% compared to Fluence Energy's net margin of -3.13%. Shoals Technologies Group's return on equity of 10.07% beat Fluence Energy's return on equity.

Company Net Margins Return on Equity Return on Assets
Shoals Technologies Group5.41% 10.07% 6.38%
Fluence Energy -3.13%-16.79%-3.37%

Shoals Technologies Group currently has a consensus target price of $10.71, indicating a potential upside of 51.12%. Fluence Energy has a consensus target price of $17.89, indicating a potential upside of 58.03%. Given Fluence Energy's higher probable upside, analysts plainly believe Fluence Energy is more favorable than Shoals Technologies Group.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Shoals Technologies Group
0 Sell rating(s)
6 Hold rating(s)
11 Buy rating(s)
0 Strong Buy rating(s)
2.65
Fluence Energy
4 Sell rating(s)
13 Hold rating(s)
6 Buy rating(s)
0 Strong Buy rating(s)
2.09

53.2% of Fluence Energy shares are held by institutional investors. 0.8% of Shoals Technologies Group shares are held by insiders. Comparatively, 0.7% of Fluence Energy shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Shoals Technologies Group has a beta of 1.93, suggesting that its share price is 93% more volatile than the broader market. Comparatively, Fluence Energy has a beta of 2.78, suggesting that its share price is 178% more volatile than the broader market.

Shoals Technologies Group has higher earnings, but lower revenue than Fluence Energy. Fluence Energy is trading at a lower price-to-earnings ratio than Shoals Technologies Group, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Shoals Technologies Group$475.33M2.51$33.57M$0.1937.32
Fluence Energy$2.26B0.92-$48.31M-$0.61N/A

In the previous week, Fluence Energy had 4 more articles in the media than Shoals Technologies Group. MarketBeat recorded 9 mentions for Fluence Energy and 5 mentions for Shoals Technologies Group. Fluence Energy's average media sentiment score of 0.73 beat Shoals Technologies Group's score of 0.28 indicating that Fluence Energy is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Shoals Technologies Group
1 Very Positive mention(s)
0 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Fluence Energy
5 Very Positive mention(s)
2 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Shoals Technologies Group beats Fluence Energy on 10 of the 16 factors compared between the two stocks.

How does Shoals Technologies Group compare to Preformed Line Products?

Preformed Line Products (NASDAQ:PLPC) and Shoals Technologies Group (NASDAQ:SHLS) are both industrials companies, but which is the superior stock? We will contrast the two companies based on the strength of their valuation, profitability, risk, earnings, institutional ownership, media sentiment, analyst recommendations and dividends.

Preformed Line Products has higher revenue and earnings than Shoals Technologies Group. Shoals Technologies Group is trading at a lower price-to-earnings ratio than Preformed Line Products, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Preformed Line Products$740.16M2.84$35.28M$8.8848.34
Shoals Technologies Group$475.33M2.51$33.57M$0.1937.32

Preformed Line Products has a net margin of 5.82% compared to Shoals Technologies Group's net margin of 5.41%. Preformed Line Products' return on equity of 10.64% beat Shoals Technologies Group's return on equity.

Company Net Margins Return on Equity Return on Assets
Preformed Line Products5.82% 10.64% 7.65%
Shoals Technologies Group 5.41%10.07%6.38%

Preformed Line Products has a beta of 0.91, indicating that its share price is 9% less volatile than the broader market. Comparatively, Shoals Technologies Group has a beta of 1.93, indicating that its share price is 93% more volatile than the broader market.

41.2% of Preformed Line Products shares are owned by institutional investors. 33.0% of Preformed Line Products shares are owned by insiders. Comparatively, 0.8% of Shoals Technologies Group shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Preformed Line Products currently has a consensus price target of $275.00, indicating a potential downside of 35.94%. Shoals Technologies Group has a consensus price target of $10.71, indicating a potential upside of 51.12%. Given Shoals Technologies Group's higher possible upside, analysts plainly believe Shoals Technologies Group is more favorable than Preformed Line Products.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Preformed Line Products
0 Sell rating(s)
1 Hold rating(s)
0 Buy rating(s)
1 Strong Buy rating(s)
3.00
Shoals Technologies Group
0 Sell rating(s)
6 Hold rating(s)
11 Buy rating(s)
0 Strong Buy rating(s)
2.65

In the previous week, Shoals Technologies Group had 2 more articles in the media than Preformed Line Products. MarketBeat recorded 5 mentions for Shoals Technologies Group and 3 mentions for Preformed Line Products. Preformed Line Products' average media sentiment score of 1.17 beat Shoals Technologies Group's score of 0.28 indicating that Preformed Line Products is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Preformed Line Products
2 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Shoals Technologies Group
1 Very Positive mention(s)
0 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Summary

Preformed Line Products beats Shoals Technologies Group on 13 of the 17 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding SHLS and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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SHLS vs. The Competition

MetricShoals Technologies GroupElectrical Equipment IndustryIndustrials SectorNASDAQ Exchange
Market Cap$1.19B$10.50B$10.66B$12.85B
Dividend YieldN/A2.33%97.12%11.08%
P/E Ratio37.3244.7026.6924.24
Price / Sales2.511,713.61331.8399.81
Price / Cash17.6829.2224.4753.99
Price / Book1.936.194.496.20
Net Income$33.57M$139.38M$612.35M$348.59M
7 Day Performance-16.09%-3.49%-1.41%0.08%
1 Month Performance-28.31%-1.94%2.54%3.88%
1 Year Performance9.41%15.25%12.36%16.98%

Shoals Technologies Group Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
SHLS
Shoals Technologies Group
4.4953 of 5 stars
$7.09
-3.9%
$10.71
+51.1%
+9.4%$1.19B$475.33M37.321,480
ARRY
Array Technologies
4.0778 of 5 stars
$4.98
-1.4%
$9.91
+99.0%
-48.3%$777.74M$1.28BN/A1,200
PLUG
Plug Power
3.241 of 5 stars
$2.28
-1.7%
$3.59
+57.3%
+35.1%$3.24B$709.92MN/A2,582
ATKR
Atkore
4.1935 of 5 stars
$93.75
-0.1%
$143.33
+52.9%
+55.8%$3.17B$2.93BN/A5,400
FLNC
Fluence Energy
3.6591 of 5 stars
$12.63
-3.9%
$18.58
+47.1%
+50.1%$2.43B$2.26BN/A1,670

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This page (NASDAQ:SHLS) was last updated on 8/23/2026 by MarketBeat.com Staff.
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