Key Highlights

  • SHLS shares were trading up 9.62% at $8.33 from a prior close of $7.60.
  • Third-quarter results are due before the open on Wednesday.
  • Consensus calls for EPS near $0.12 on Revenue of roughly $162 million.

Shoals Technologies Group (NASDAQ:SHLS) was trading up 9.62% at $8.33 in today's regular session, a gain of $0.73 from the prior close of $7.60, extending a rebound of about 7% on Monday. Investors are positioning ahead of third-quarter results due before the open on Wednesday. Consensus calls for EPS near $0.12 on revenue of roughly $162 million, about 19% growth year over year.

Shoals, founded in 1996 and based in Portland, Tennessee, designs and manufactures Electrical Balance of System solutions, including its patented plug-and-play Big Lead Assembly, combiners, disconnects and wireless monitoring. Products serve utility-scale solar, battery energy storage and, increasingly, Data Center power projects, and the company also offers EV charging infrastructure. Its prefabricated, factory-built systems have been deployed on about 100 GW of solar systems. It has about 1,480 employees.

What Investors Will Watch in the Report

The company has topped estimates in recent quarters. Second-quarter 2026 revenue was $163 million, up 47%, and record Backlog and awarded orders were $801 million. The growing battery storage line, about $20 million of second-quarter revenue with a $65 million to $75 million backlog, is a focus of the report.

Clean-Energy Interest Ahead of the Midterms

Clean-energy names are drawing interest ahead of midterm election results that bear on federal solar and storage support. Peer Nextpower (NASDAQ:NXT) reported record bookings and raised guidance. The Nasdaq Composite is up 1.1% today after a recent technology selloff.

Shoals is trading above its 50-day average near $7.57 and below its 200-day average near $8.47. The consensus target is about $10.80 to $11.26, though Jefferies and JPMorgan trimmed targets in October. The stock has a forward price-to-earnings ratio of 15.48, trailing Earnings of $0.41 per share and a 52-week range of $5.43 to $13.18.

The Wednesday Report and the Battery Storage Backlog Are the Next Markers

Shoals is trading higher into its third-quarter report. The next items to follow are results and guidance on Wednesday before the open, growth in the battery storage line and the policy outlook for federal solar and storage support after the midterm elections.