ROARABLE // PRO
GLOBAL DESKS // NYC --:--:-- NYSE
US TAPE
ROAR ▸

SHLS // Shoals Technologies Group Inc. (Class A)

DES <GO> NASDAQ RQD COCKPIT → CIK 0001831651 ↗
Technology • Semiconductors
$7.55 ▼ -0.01 (-0.13%)
MKT CAP: $1.27B • VOL: 3.33M
SHLS // ROARABLE RATING & 5-PILLAR RQD CONFIDENCE 02:00 EST DETERMINISTIC ENGINE
PRIOR: RQD 42/100 [D-] (+0 PT) • UNCHANGED
ROARABLE D-
RQD CONFIDENCE
42 / 100 +0D
5 X 20-PT QUANT PILLARS
E 0 D 35 C 59 B 70 A 86+
Roarable Sell — Vulnerable Balance Sheet & Flow
01 MASSIVE / SEC XBRL
Forensic Fundamentals
7 / 20
WARNING
FCF -120% vs NI +39.2% • ROIC-WACC -1.1% • Z 3.62
02 INSTITUTIONAL TAPE & TREND
Whale & Options Flow
8 / 20
WARNING
52W RANGE 43% • VS 200D -2.5% • RSI 47.9
03 SEC XBRL CAPITAL ALLOCATION
Insider & Capital Conviction
[LOCKED] FLAGGED
UNLOCK BELOW TO REVEAL
04 FRED 90D r-MATRIX
Macro Regime Fit
8 / 20
WARNING
HEADWIND • r(10Y)=+0.00 (+23bp) • r(OAS)=+0.00
05 10-K REDLINE AUDIT
Forensic 10-K Risk
[LOCKED] FLAGGED
UNLOCK BELOW TO REVEAL
ALERT

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SHLS // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -4.91%🛡️ HOLDING TREND SUPPORT
2026-10-30O $7.20H $7.55L $6.98C $7.55VOL 4.25M
RES: $8.19SUP: $7.07SMA50: $7.56SMA200: $8.47
$13.64$11.73$9.83$7.92$6.02RES $8.19SUP $7.07$7.552026-04-302026-06-152026-07-312026-09-162026-10-30
SHLS // INSTITUTIONAL BULL VS. BEAR FORENSIC DEBATE
NEUTRAL / PAIR TRADE CONVICTION: 52/100
BEAR 0
100 BULL

Shoals Technologies Group Inc. (Class A) (SHLS) exhibits 35.0% gross margins and 7.5% return on invested capital within Technology (Semiconductors), balanced against a 15.0x enterprise multiple and 4.8% implied options volatility.

▲ INSTITUTIONAL BULL THESIS (LONG)
01. Operating Leverage & Capital Efficiency Moat

Sustained 35.0% gross profitability converts into 11.9% operating margin and 7.5% ROIC, outpacing sector cost of capital.

ROIC: 7.5% // GM: 35.0%
02. Top-Line Expansion & Cash Conversion

YoY revenue trajectory of +19.1% paired with -1.26% free cash flow yield supports self-funded R&D and capital return.

REV YOY: +19.1% // FCF YLD: -1.26%
03. Balance Sheet Solvency & Forensic Quality

Altman Z-Score of 3.62 and Piotroski F-Score of 6/9 indicate low near-term refinancing stress.

ALTMAN Z: 3.62 // F-SCORE: 6/9
▼ INSTITUTIONAL BEAR THESIS (SHORT / RISK)
01. Multiple Compression & Duration Sensitivity

Trading at 37.8x trailing P/E (31.8x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.

P/E: 37.8x // EV/EBITDA: 15.0x
02. Options Skew & Event Volatility Risk

Options market prices a ±5.2% implied move with a 0.85 put/call ratio around $7.55 max pain.

IMPL MOVE: ±5.2% // P/C: 0.85
03. Competitive Margin & CapEx Cycle Pressure

Elevated industry capital intensity and customer concentration in Semiconductors require continuous execution to defend 7.1% net margins.

NET MARGIN: 7.1% // D/E: 0.45x
KEY CATALYST // Upcoming 10-Q/10-K XBRL margin progression, guidance revision vs 31.8x forward consensus, and institutional 13F positioning.
MACRO REGIME // Monitor US 10Y Real Yields (DFII10) and High-Yield Credit Spreads (OAS) for beta-adjusted multiple impact (Beta 1.10).
FORM 4 & 13F FLOW OPEN OWN <GO>
FILER SIDE $ VALUE
INSPECT FULL OWNERSHIP LEDGER IN OWN <GO>
UNUSUAL OPTIONS TAPE OPEN OPT <GO>
STRIKE / EXP TYPE PREMIUM
INSPECT GEX & CHAIN IN OPT <GO>
KEY VALUATION & PROFITABILITY RATIOS XBRL FA <GO>
TRAILING P/E 37.8x
FORWARD P/E 31.8x
EV / EBITDA 15.0x
FCF YIELD -1.26%
GROSS MARGIN 35.0%
OPERATING MARGIN 11.9%
NET MARGIN 7.1%
ROIC % 7.5%
REV GROWTH YOY +19.1%
DILUTED EPS TTM $0.20
DEBT / EQUITY —
DIVIDEND YIELD 0.00%
RSI-14 MOMENTUM 41.2
5Y EQUITY BETA —
FRED MACRO SENSITIVITY (PEARSON r) ECST <GO>
MACRO CORRELATION CALIBRATION ACTIVE BELOW.
FRED MACRO REGIME STRESS-TEST SIMULATOR // SHLSPEARSON R VARIANCE ENGINE
01 // SELECT FEDERAL RESERVE & CREDIT SHOCK SCENARIO
02 // POSITION NOTIONAL EXPOSURE
HEADLINE STRESS SCORE
75/100SEVERE DRAWDOWN PRESSURE
PRIMARY FACTOR EXPOSURE
DFII10 // -0.61 r
Latest: 2.08%
EST. DIRECTIONAL MOVE
-8.50%
Implied Px: $6.91
EST. DOLLAR VARIANCE
-$4,248
On $50,000 Notional
[LOCKED // MULTI-FACTOR DRAWDOWN HEDGE & MACRO TRIGGER ALERT]

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HEAD-TO-HEAD PEER COMPARISONS COMP <GO>