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Dividend Vision

SHLS Stock — Shoals Technologies Group Inc.

Shoals Technologies Group Inc. (SHLS)

Updated October 16, 2026.

SHLS is a Stock. Total return is -76.9% over the past 5.7 years, 197.0 points behind SPY at 120.1%.

Shoals Technologies Group designs and manufactures electrical balance of system solutions and components for the solar and battery storage industries, including solar assembly solutions, combiners, disconnects, monitoring systems, and energy storage products that it sells to engineering firms, utilities, solar developers, and equipment manufacturers. The company does not currently have an established distribution schedule. This operating business appeals primarily to investors seeking exposure to renewable energy infrastructure rather than income generation.

SHLS performance versus SPY

Price and return data through 2026-10-16.

Total return is -76.9% over the past 5.7 years, 197.0 points behind SPY at 120.1%. Over the past year its total return — price change plus distributions reinvested — is -29.2%. Its deepest 1-year drawdown was 47.5%.

WindowTotal returnCAGR
1M5.1%—
3M-31.9%—
6M3.6%—
YTD-15.6%—
1Y-29.2%—
2Y CAGR—18.20%
3Y CAGR—-23.10%
5Y CAGR—-24.00%
Since inception (5.7 years)-76.9%-22.60%

SHLS key facts

Asset type
Stock
Asset class
Equity
Inception date
01/27/2021
Distribution frequency
None
Last close
$7.17 (as of 2026-10-16)
Market cap
$1,206,710,642
Average volume
10400556.0
Beta
1.848
Payout ratio
0.0%
P/E ratio
37.74
Forward P/E
12.8535
EPS
$0.19

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

SHLS risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 47.5%.

Who may consider SHLS — and who may not

It is a weaker fit for investors who need monthly cash flow (SHLS does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on SHLS

Tagged: Technology.

Frequently asked questions

Does SHLS pay monthly?

No. SHLS does not currently distribute.

When does SHLS pay a dividend?

SHLS does not currently distribute.

How has SHLS performed?

Total return is -76.9% over the past 5.7 years, 197.0 points behind SPY at 120.1%. Over the past year its total return — price change plus distributions reinvested — is -29.2%. Its deepest 1-year drawdown was 47.5%.

DividendVision analysis is generated from public SEC filing data and may not capture every change. Review the original filing for complete information.