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Shoals Technologies Group (SHLS) Competitors

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$7.30 +0.19 (+2.67%)
Closing price 09/11/2026 04:00 PM Eastern
Extended Trading
$7.26 -0.04 (-0.62%)
As of 09/11/2026 07:30 PM Eastern
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SHLS vs. ARRY, ATKR, PLUG, SEDG, 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), Atkore (ATKR), Plug Power (PLUG), SolarEdge Technologies (SEDG), 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 better investment? We will compare the two companies based on the strength of their institutional ownership, analyst recommendations, risk, valuation, earnings, dividends, media sentiment and profitability.

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$1.28B0.55-$52.24M-$0.98N/A
Shoals Technologies Group$475.33M2.58$33.57M$0.1938.42

In the previous week, Array Technologies and Array Technologies both had 5 articles in the media. Shoals Technologies Group's average media sentiment score of 0.65 beat Array Technologies' score of 0.27 indicating that Shoals Technologies Group is being referred to more favorably in the news media.

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

Array Technologies currently has a consensus target price of $9.81, suggesting a potential upside of 112.39%. Shoals Technologies Group has a consensus target price of $10.71, suggesting a potential upside of 46.77%. Given Array Technologies' higher probable upside, 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
1 Sell rating(s)
11 Hold rating(s)
9 Buy rating(s)
0 Strong Buy rating(s)
2.38
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 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 has a beta of 1.77, suggesting that its stock price is 77% more volatile than the broader market. Comparatively, Shoals Technologies Group has a beta of 1.89, suggesting that its stock price is 89% more volatile than the broader market.

Summary

Shoals Technologies Group beats Array Technologies on 10 of the 13 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 investment? We will contrast the two companies based on the strength of their profitability, media sentiment, institutional ownership, risk, dividends, analyst recommendations, earnings and valuation.

Shoals Technologies Group has a beta of 1.89, indicating that its share price is 89% 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.

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$475.33M2.58$33.57M$0.1938.42
Atkore$2.85B1.12-$15.18M-$4.81N/A

In the previous week, Atkore had 2 more articles in the media than Shoals Technologies Group. MarketBeat recorded 7 mentions for Atkore and 5 mentions for Shoals Technologies Group. Atkore's average media sentiment score of 1.11 beat Shoals Technologies Group's score of 0.65 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)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Atkore
5 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Shoals Technologies Group presently has a consensus price target of $10.71, indicating a potential upside of 46.77%. Atkore has a consensus price target of $143.33, indicating a potential upside of 52.14%. Given Atkore's higher probable upside, analysts clearly 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 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%

Summary

Shoals Technologies Group beats Atkore on 8 of the 15 factors compared between the two stocks.

How does Shoals Technologies Group compare to Plug Power?

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

Plug Power has a beta of 2.21, meaning that its share price is 121% more volatile than the broader market. Comparatively, Shoals Technologies Group has a beta of 1.89, meaning that its share price is 89% more volatile than the broader market.

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
Plug Power-220.59% -56.01% -21.09%
Shoals Technologies Group 5.41%10.07%6.38%

Plug Power presently has a consensus target price of $3.59, indicating a potential upside of 70.83%. Shoals Technologies Group has a consensus target price of $10.71, indicating a potential upside of 46.77%. 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
Plug Power
3 Sell rating(s)
7 Hold rating(s)
5 Buy rating(s)
2 Strong Buy rating(s)
2.35
Shoals Technologies Group
0 Sell rating(s)
6 Hold rating(s)
11 Buy rating(s)
0 Strong Buy rating(s)
2.65

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

In the previous week, Plug Power had 2 more articles in the media than Shoals Technologies Group. MarketBeat recorded 7 mentions for Plug Power and 5 mentions for Shoals Technologies Group. Shoals Technologies Group's average media sentiment score of 0.65 beat Plug Power's score of 0.33 indicating that Shoals Technologies Group is being referred to more favorably in the news media.

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

Shoals Technologies Group has lower revenue, but higher earnings 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
Plug Power$709.92M4.13-$1.63B-$1.26N/A
Shoals Technologies Group$475.33M2.58$33.57M$0.1938.42

Summary

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

How does Shoals Technologies Group compare to SolarEdge Technologies?

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

In the previous week, SolarEdge Technologies had 25 more articles in the media than Shoals Technologies Group. MarketBeat recorded 30 mentions for SolarEdge Technologies and 5 mentions for Shoals Technologies Group. Shoals Technologies Group's average media sentiment score of 0.65 beat SolarEdge Technologies' score of 0.57 indicating that Shoals Technologies Group is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
SolarEdge Technologies
8 Very Positive mention(s)
5 Positive mention(s)
8 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
Shoals Technologies Group
1 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Shoals Technologies Group has lower revenue, but higher earnings than SolarEdge Technologies. SolarEdge 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
SolarEdge Technologies$1.18B1.80-$405.45M-$4.50N/A
Shoals Technologies Group$475.33M2.58$33.57M$0.1938.42

95.1% of SolarEdge Technologies shares are held by institutional investors. 1.0% of SolarEdge Technologies shares are held by insiders. Comparatively, 0.8% of Shoals Technologies Group shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Shoals Technologies Group has a net margin of 5.41% compared to SolarEdge Technologies' net margin of -20.29%. Shoals Technologies Group's return on equity of 10.07% beat SolarEdge Technologies' return on equity.

Company Net Margins Return on Equity Return on Assets
SolarEdge Technologies-20.29% -29.17% -5.62%
Shoals Technologies Group 5.41%10.07%6.38%

SolarEdge Technologies has a beta of 1.44, meaning that its stock price is 44% more volatile than the broader market. Comparatively, Shoals Technologies Group has a beta of 1.89, meaning that its stock price is 89% more volatile than the broader market.

SolarEdge Technologies currently has a consensus target price of $39.00, suggesting a potential upside of 12.46%. Shoals Technologies Group has a consensus target price of $10.71, suggesting a potential upside of 46.77%. Given Shoals Technologies Group's stronger consensus rating and higher probable upside, analysts clearly believe Shoals Technologies Group is more favorable than SolarEdge Technologies.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
SolarEdge Technologies
5 Sell rating(s)
11 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
1.83
Shoals Technologies Group
0 Sell rating(s)
6 Hold rating(s)
11 Buy rating(s)
0 Strong Buy rating(s)
2.65

Summary

Shoals Technologies Group beats SolarEdge Technologies on 12 of the 16 factors compared between the two stocks.

How does Shoals Technologies Group compare to Preformed Line Products?

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

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 1.63 beat Shoals Technologies Group's score of 0.65 indicating that Preformed Line Products 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)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Preformed Line Products
2 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 a beta of 1.89, suggesting that its share price is 89% more volatile than the broader market. Comparatively, Preformed Line Products has a beta of 0.93, suggesting that its share price is 7% less volatile than the broader market.

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
Shoals Technologies Group5.41% 10.07% 6.38%
Preformed Line Products 5.82%10.64%7.65%

Shoals Technologies Group currently has a consensus price target of $10.71, indicating a potential upside of 46.77%. Preformed Line Products has a consensus price target of $275.00, indicating a potential downside of 35.07%. 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
Shoals Technologies Group
0 Sell rating(s)
6 Hold rating(s)
11 Buy rating(s)
0 Strong Buy rating(s)
2.65
Preformed Line Products
0 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
1 Strong Buy rating(s)
3.50

41.2% of Preformed Line Products shares are held by institutional investors. 0.8% of Shoals Technologies Group shares are held by insiders. Comparatively, 33.0% of Preformed Line Products shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

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
Shoals Technologies Group$475.33M2.58$33.57M$0.1938.42
Preformed Line Products$669.34M3.09$35.28M$8.8847.70

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$1.23B$9.86B$10.20B$12.72B
Dividend YieldN/A2.34%97.05%11.15%
P/E Ratio20.2846.3225.7925.29
Price / Sales2.581,561.36432.6898.94
Price / Cash18.1931.8123.7151.44
Price / Book2.047.524.846.20
Net Income$33.57M$139.36M$613.14M$358.50M
7 Day Performance2.38%-1.14%-1.55%-2.35%
1 Month Performance-12.47%-6.63%-3.84%-2.77%
1 Year Performance6.10%10.60%6.40%7.63%

Shoals Technologies Group Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
SHLS
Shoals Technologies Group
4.9027 of 5 stars
$7.30
+2.7%
$10.71
+46.8%
+5.5%$1.23B$475.33M20.281,480
ARRY
Array Technologies
3.8614 of 5 stars
$4.60
flat
$9.91
+115.5%
-41.1%$708.43M$1.28BN/A1,200
ATKR
Atkore
4.244 of 5 stars
$93.77
+0.0%
$143.33
+52.9%
+51.4%$3.17B$2.85BN/A5,400
PLUG
Plug Power
2.5707 of 5 stars
$2.17
flat
$3.59
+65.3%
+39.1%$3.03B$709.92MN/A2,582
SEDG
SolarEdge Technologies
1.5385 of 5 stars
$34.20
flat
$38.36
+12.2%
+17.6%$2.10B$1.18BN/A3,576

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This page (NASDAQ:SHLS) was last updated on 9/12/2026 by MarketBeat.com Staff.
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