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Last update at 2024-12-19T18:55:00Z
Renewable Energy Stocks Q2 Recap: Benchmarking First Solar (NASDAQ:FSLR)
Fri 18 Oct 24, 08:35 AMSpotting Winners: NuScale (NYSE:SMR) And Renewable Energy Stocks In Q2
Thu 17 Oct 24, 08:41 AMRenewable Energy Stocks Q2 Teardown: SolarEdge (NASDAQ:SEDG) Vs The Rest
Wed 16 Oct 24, 08:55 AMRenewable Energy Stocks Q2 In Review: EVgo (NASDAQ:EVGO) Vs Peers
Tue 15 Oct 24, 07:52 AMIs Shoals Technologies (SHLS) the Next Big Player in Solar with a 53% Upside Potential?
Wed 09 Oct 24, 10:49 AMRenewable Energy Stocks Q2 Teardown: Generac (NYSE:GNRC) Vs The Rest
Wed 09 Oct 24, 07:59 AMShoals Technologies (SHLS): An Undervalued Solar Stock to Buy According to Analysts
Sun 06 Oct 24, 09:10 PMShoals Technologies stock rises after Citi upgrade
Thu 03 Oct 24, 02:31 PMRobert Karr's Strategic Exit from Shoals Technologies Group Inc
Thu 26 Sep 24, 05:01 PMSpotting Winners: ChargePoint (NYSE:CHPT) And Renewable Energy Stocks In Q2
Tue 24 Sep 24, 08:53 AMBreakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
Income before tax | 152.00M | 4.03M | 33.77M | 25.14M | 8.65M |
Minority interest | -15.40200M | 1.60M | - | - | - |
Net income | 127.61M | 3.94M | 33.77M | 25.14M | 8.65M |
Selling general administrative | 55.91M | 37.89M | 21.01M | 9.06M | 8.90M |
Selling and marketing expenses | - | - | - | - | - |
Gross profit | 131.31M | 82.64M | 66.55M | 44.21M | 28.17M |
Reconciled depreciation | 10.51M | 10.05M | 9.40M | 9.16M | 8.99M |
Ebit | 170.54M | 36.23M | 37.28M | 26.93M | 11.09M |
Ebitda | 181.05M | 44.62M | 46.68M | 36.09M | 20.08M |
Depreciation and amortization | 10.51M | 8.39M | 9.40M | 9.16M | 8.99M |
Non operating income net other | - | -15.99000M | - | - | - |
Operating income | 170.54M | 36.23M | 37.28M | 26.93M | 11.09M |
Other operating expenses | 260.61M | 176.98M | 138.24M | 117.57M | 92.66M |
Interest expense | 18.54M | 14.55M | 3.51M | 1.79M | 2.44M |
Tax provision | 8.99M | 0.09M | - | - | - |
Interest income | - | - | - | - | - |
Net interest income | -18.53800M | -14.54900M | -3.51000M | -1.78700M | -2.44000M |
Extraordinary items | - | - | - | - | - |
Non recurring | - | - | - | - | - |
Other items | - | - | - | - | - |
Income tax expense | 8.99M | 0.09M | 3.51M | 1.79M | - |
Total revenue | 326.94M | 213.21M | 175.52M | 144.50M | 103.75M |
Total operating expenses | 64.98M | 46.41M | 29.27M | 17.28M | 17.08M |
Cost of revenue | 195.63M | 130.57M | 108.97M | 100.28M | 75.58M |
Total other income expense net | -18.53800M | -32.20200M | -3.51000M | -1.78700M | -2.44000M |
Discontinued operations | - | - | - | - | - |
Net income from continuing ops | 143.01M | 5.61M | 33.77M | 25.14M | 8.65M |
Net income applicable to common shares | 127.61M | 2.35M | 33.77M | 25.14M | 8.65M |
Preferred stock and other adjustments | - | - | - | - | - |
Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
Total assets | 855.50M | 594.89M | 426.41M | 195.31M | 187.61M |
Intangible assets | 48.67M | 56.59M | 65.24M | 71.99M | 79.97M |
Earning assets | - | - | - | - | - |
Other current assets | 4.42M | 4.63M | 5.04M | 0.15M | 0.80M |
Total liab | 310.50M | 293.91M | 433.91M | 379.43M | 37.70M |
Total stockholder equity | 545.00M | 291.37M | 2.55M | -184.12300M | 149.91M |
Deferred long term liab | - | - | - | 3.70M | - |
Other current liab | 52.87M | 17.88M | 9.57M | 5.97M | 1.26M |
Common stock | 0.00200M | 0.00200M | 0.00200M | -184.12300M | 149.91M |
Capital stock | 0.00200M | 0.00200M | 0.00200M | - | - |
Retained earnings | 74.45M | 34.48M | -93.13300M | - | - |
Other liab | - | 0.96M | 157.31M | - | - |
Good will | 69.94M | 69.94M | 69.44M | 50.18M | 50.18M |
Other assets | - | 293.90M | 182.72M | 4.24M | - |
Cash | 22.71M | 8.77M | 5.01M | 10.07M | 7.08M |
Cash and equivalents | - | - | - | - | - |
Total current liabilities | 92.63M | 52.62M | 31.55M | 24.10M | 24.54M |
Current deferred revenue | 22.23M | 23.26M | - | - | - |
Net debt | 161.99M | 230.30M | 242.05M | 348.76M | 18.97M |
Short term debt | 3.14M | 2.00M | 2.00M | 3.50M | 12.89M |
Short long term debt | 2.00M | 2.00M | 2.00M | 3.50M | 12.89M |
Short long term debt total | 184.70M | 239.06M | 247.05M | 358.83M | 26.05M |
Other stockholder equity | 470.54M | 256.89M | 95.68M | -184.12300M | 152.55M |
Property plant equipment | - | 20.93M | 15.57M | 12.76M | 10.95M |
Total current assets | 227.19M | 153.54M | 93.45M | 56.15M | 46.51M |
Long term investments | - | - | - | - | - |
Net tangible assets | - | 164.85M | -132.11900M | -306.28700M | 19.76M |
Short term investments | - | - | - | - | - |
Net receivables | 147.25M | 67.29M | 45.03M | 30.80M | 29.80M |
Long term debt | 179.44M | 237.06M | 55.14M | 355.33M | 13.16M |
Inventory | 52.80M | 72.85M | 38.37M | 15.12M | 8.83M |
Accounts payable | 14.40M | 9.48M | 19.98M | 14.63M | 10.38M |
Total permanent equity | - | - | - | - | - |
Noncontrolling interest in consolidated entity | - | - | -10.05100M | - | - |
Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
Accumulated other comprehensive income | 0.00000M | - | - | - | -2.64400M |
Additional paid in capital | - | - | - | - | - |
Common stock total equity | - | - | 0.00200M | - | - |
Preferred stock total equity | - | - | - | - | - |
Retained earnings total equity | - | - | -93.13300M | - | - |
Treasury stock | - | - | - | - | - |
Accumulated amortization | - | - | - | - | - |
Non currrent assets other | 2.30M | 6.33M | 5.76M | 4.24M | - |
Deferred long term asset charges | - | - | - | - | - |
Non current assets total | 628.31M | 441.36M | 332.97M | 139.16M | 141.10M |
Capital lease obligations | - | - | - | - | - |
Long term debt total | - | - | 55.14M | - | - |
Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
Investments | -3.65700M | -17.03500M | -3.23600M | -1.71900M | -1.40500M |
Change to liabilities | 10.39M | -8.38800M | 4.25M | 4.20M | -0.65600M |
Total cashflows from investing activities | -3.65700M | -17.03500M | -3.23600M | -1.71900M | -1.40500M |
Net borrowings | -9.14000M | -117.70400M | 343.75M | -13.50000M | -8.50000M |
Total cash from financing activities | -36.58900M | 20.60M | -47.85500M | -27.48900M | -19.16100M |
Change to operating activities | 10.91M | -4.17000M | 5.35M | -0.14600M | 0.31M |
Net income | 143.01M | 3.94M | 33.77M | 25.14M | 8.65M |
Change in cash | -0.79100M | -0.51600M | 2.99M | 6.97M | -17.56500M |
Begin period cash flow | 9.56M | 10.07M | 7.08M | 0.11M | 17.67M |
End period cash flow | 8.77M | 9.56M | 10.07M | 7.08M | 0.11M |
Total cash from operating activities | 39.45M | -4.08300M | 54.08M | 36.18M | 3.00M |
Issuance of capital stock | 42.94M | 559.90M | - | - | - |
Depreciation | 10.51M | 10.05M | 9.40M | 9.16M | 8.99M |
Other cashflows from investing activities | -0.50300M | -12.90900M | -0.50300M | -0.50300M | - |
Dividends paid | 7.76M | 4.84M | -376.04600M | -13.98900M | 10.66M |
Change to inventory | -36.92700M | -17.18800M | -6.47500M | -0.69400M | -4.44700M |
Change to account receivables | -19.20700M | 0.82M | 0.29M | -0.47300M | -9.83800M |
Sale purchase of stock | - | 144.82M | - | - | - |
Other cashflows from financing activities | -24.39200M | -372.54500M | 374.44M | 2.50M | 10.00M |
Change to netincome | -62.01900M | 8.44M | 8.44M | 0.30M | -0.04000M |
Capital expenditures | 3.15M | 4.13M | 3.24M | 1.72M | 1.41M |
Change receivables | - | 0.82M | - | - | - |
Cash flows other operating | - | -7.73500M | - | - | - |
Exchange rate changes | - | - | - | - | - |
Cash and cash equivalents changes | - | -0.51600M | - | - | - |
Change in working capital | -38.01100M | -34.15600M | 2.12M | 1.54M | -14.63400M |
Stock based compensation | 16.11M | 11.29M | 8.25M | - | - |
Other non cash items | -100.57000M | 4.60M | 0.35M | 0.34M | -0.00200M |
Free cash flow | 36.30M | -8.20900M | 50.85M | 34.46M | 1.60M |
Sector: Technology Industry: Solar
Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
---|---|---|---|---|---|---|---|---|
SHLS Shoals Technologies Group Inc |
-0.0403 0.86% | 4.62 | 47.35 | 15.38 | 3.20 | 2.86 | 3.52 | 19.20 |
FSLR First Solar Inc |
-6.2596 3.40% | 178.01 | 28.97 | 13.44 | 5.89 | 2.92 | 5.44 | 14.89 |
ENPH Enphase Energy Inc |
-2.82 4.10% | 65.98 | 64.37 | 38.91 | 6.95 | 16.18 | 6.78 | 26.01 |
NXT Nextracker Inc. Class A Common Stock |
-0.86 2.46% | 34.13 | 16.44 | 12.44 | 2.71 | 15.50 | 2.46 | 15.56 |
XISHY Xinyi Solar Holdings Limited |
-0.1 1.25% | 7.87 | 11.55 | 14.93 | 0.22 | 1.24 | 0.24 | 1.12 |
Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions and components for solar, battery energy, and electric vehicle (EV) charging applications in the United States and internationally. The company designs, manufactures, and sells system solutions for both homerun and combine-as-you-go wiring architectures, as well as offers technical support services. It provides EBOS components, including combiners; plug-n-play branch connectors and inline fuses; AC disconnects; recombiners; wireless monitoring; junction boxes; wire management; EV power cabinets; and battery energy storage systems cabinets, as well as cable assemblies, transition enclosures, and splice boxes. In addition, the company offers eMobility solutions, such as a power center, which combines equipment needed to protect the charging equipment and transform voltage levels from the electric utility to those needed on the respective site; quick connect solutions for chargers to connect to the Shoals system; big lead assembly (BLA) technology in the EV space to connect multiple chargers to a single power center; and a raceway system that protects the above ground EV BLAs in walk over and drive over applications. Further, it provides Snapshot IV, a solar operations and maintenance solution that monitors the specific voltage and current of individual solar panels and compares the results against the manufacturer's projected performance. The company sells its products to engineering, procurement, and construction firms that build solar energy projects; utilities; solar developers, independent power producers; solar module manufacturers; and charge point operators. Shoals Technologies Group, Inc. was founded in 1996 and is headquartered in Portland, Tennessee.
1400 Shoals Way, Portland, TN, United States, 37148
Name | Title | Year Born |
---|---|---|
Mr. Jason R. Whitaker | CEO, Pres & Director | 1980 |
Ms. Mehgan Peetz | Gen. Counsel, Chief Legal Officer & Corp. Sec. | 1982 |
Mr. Jeffery Tolnar | SVP of Electric Vehicle Solutions | NA |
Mr. Dominic Bardos | Chief Financial Officer | 1965 |
Mr. John Joseph White Jr. | Chief Operating Officer | 1966 |
Mr. Alan D. Neal | Chief Technology Officer | 1961 |
Mr. Ben Macias | Sr. VP of Sales & Marketing | NA |
Mr. Alex Stucker | Sr. VP of Sales & Bus. Devel. | NA |
Mr. Kent Miller | Sr. VP | NA |
Mr. Brandon Moss | Director & CEO | 1980 |
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