Shoals has crafted a market-leading position within the solar electrical balance-of-system, or EBOS, market. EBOS is a lesser-known segment of solar and comprises components transferring electrical current from solar modules to an inverter. The main customers of EBOS are engineering, procurement, and construction firms building solar projects.
Shoals offers peer-leading margins and returns on invested capital in the solar industry.
Shoals’ business is concentrated with substantially all of its revenue tied to U.S. ground-mount solar market.
|
Metric
|
SHLS
|
FSLR
|
ENPH
|
|---|---|---|---|
Price/Earnings (Normalized) | 12.36 | 22.17 | 33.57 |
Price/Book Value | 2.65 | 2.82 | 16.72 |
Price/Sales | 2.86 | 5.70 | 8.74 |
Price/Cash Flow | 9.16 | 16.77 | 29.55 |
|
Metric
|
SHLS
|
FSLR
|
ENPH
|
|---|---|---|---|
Quick Ratio | 1.83 | 2.69 | 4.02 |
Current Ratio | 2.45 | 3.55 | 4.59 |
Interest Coverage | 3.28 | 62.21 | 51.17 |
|
Metric
|
SHLS
|
FSLR
|
ENPH
|
|---|---|---|---|
Return on Assets (Normalized) | 14.25% | 9.73% | 18.18% |
Return on Equity (Normalized) | 23.22% | 14.49% | 64.33% |
Return on Invested Capital (Normalized) | 18.64% | 12.31% | 24.93% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
FSLR
| First Solar Inc | Ytfttml | Jbr | $18.7 Bil | |
ENPH
| Enphase Energy Inc | Lzgfdhqtj | Fdnq | $14.6 Bil | |
NXT
| NEXTracker Inc Ordinary Shares - Class A | Ppmbpdqd | Wtznv | $6.0 Bil | |
XNYIF
| Xinyi Solar Holdings Ltd | — | Svfhbq | $5.9 Bil | |
XISHY
| Xinyi Solar Holdings Ltd ADR | — | Dyfkkq | $5.9 Bil | |
GCPEF
| GCL Technology Holdings Ltd | — | Cjhhl | $3.6 Bil | |
SEDG
| SolarEdge Technologies Inc | Xqhnjjlys | Zxnn | $3.2 Bil | |
RUN
| Sunrun Inc | Fcypdyhz | Bhwc | $2.2 Bil | |
SPWR
| SunPower Corp | Fgqw | Sjtk | $340.4 Mil |
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