SHLS
Shoals Technologies Group, Inc. Industrials - Electrical Balance of Systems Investor Relations →
Shoals Technologies Group, Inc. (SHLS) closed at $10.42 as of 2026-06-19, trading 16.8% below its 200-week moving average of $12.52. This places SHLS in the extreme value zone. The stock moved further from the line this week, up from -17.2% last week. With a 14-week RSI of 73, SHLS is in overbought territory.
Trading volume is running at 1.2x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.08 ratio) is neutral — neither side is clearly dominating.
Over the past 233 weeks of data, SHLS has crossed below its 200-week moving average 5 times. On average, these episodes lasted 44 weeks. The average one-year return after crossing below was -22.6%, suggesting these dips have not historically been reliable buying opportunities for this stock.
With a market cap of $1748 million, SHLS is a small-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at 5.8%. The stock trades at 2.9x book value.
Share count has increased 21.4% over three years, indicating dilution.
Over the past 4.5 years, a hypothetical investment of $100 in SHLS would have grown to $65, compared to $176 for the S&P 500. SHLS has returned -9.0% annualized vs 13.4% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -100% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: SHLS vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After SHLS Crosses Below the Line?
Across 5 historical episodes, buying SHLS when it crossed below its 200-week moving average produced an average return of -23.6% after 12 months (median -40.0%), compared to +14.8% for the S&P 500 over the same periods. 20% of those episodes were profitable after one year. After 24 months, the average return was -66.4% vs +41.2% for the index.
Each line shows $100 invested at the moment SHLS crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. SHLS currently has negative free cash flow, so price-based dislocation levels are not available. The score still tracks yield deviation from baseline.
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are reference points for identifying potential swing trade opportunities, not buy/sell signals. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from SHLS's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. They are starting points for research, not buy or sell signals. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
SHLS has crossed below its 200-week MA 5 times with an average 1-year return of +-22.6% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jan 2022 | Aug 2022 | 31 | 63.0% | +6.6% | -52.4% |
| Aug 2022 | Nov 2022 | 12 | 20.4% | -23.3% | -58.5% |
| Nov 2022 | Jan 2023 | 6 | 6.9% | -40.2% | -58.0% |
| Feb 2023 | Jul 2023 | 22 | 23.7% | -33.4% | -57.9% |
| Jul 2023 | Ongoing | 151+ | 84.3% | Ongoing | -54.5% |
| Average | 44 | — | +-22.6% | — |
Frequently Asked Questions
Is SHLS below its 200-week moving average?
Yes. As of 2026-06-19, Shoals Technologies Group, Inc. (SHLS) is trading 16.8% below its 200-week moving average of $12.52. The current price is $10.42.
What is SHLS's 200-week moving average price?
Shoals Technologies Group, Inc.'s 200-week moving average is $12.52 as of 2026-06-19. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when SHLS drops below its 200-week moving average?
SHLS has crossed below its 200-week moving average 5 times in our data. The average one-year return after these crossings was -22.6%, meaning the dips were not reliable buying signals for this particular stock. These episodes lasted 44 weeks on average.
Is SHLS a good value right now?
Here's what our data says about SHLS as of 2026-06-19: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 73 (overbought). Free cash flow is currently negative. Return on equity is 5.8%. Price-to-book is 2.9x. This is not a buy or sell recommendation — always do your own research.
How does SHLS compare to the S&P 500?
Over the past 4.5 years, $100 invested in SHLS would have grown to $65, compared to $176 for the S&P 500. That's -9.0% annualized vs 13.4% for the index. SHLS has underperformed the broader market over this period.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-06-19