Shoals Technologies (SHLS) Income from Non-Controlling Interests (2021 - 2023)

Shoals Technologies (SHLS) posted Income from Non-Controlling Interests of $2.7 million for Q1 2023, down 52.79% on a QoQ basis from $5.7 million in Q4 2022, and up 33.75% year-over-year from $2.0 million in Q1 2022.

Shoals Technologies (SHLS) Income from Non-Controlling Interests (2021 - 2023) Analysis & Trends

Shoals Technologies' Income from Non-Controlling Interests history runs 3 years deep, the most recent figure standing at $2.7 million for Q1 2023.

  • Quarterly Income from Non-Controlling Interests rose 33.75% year-over-year to $2.7 million in Q1 2023, while the trailing twelve-month figure through Dec 2023 was $2.7 million (down 82.55% YoY) and the FY2023 annual result came in at $2.7 million, down 82.55% from the prior year.
  • Income from Non-Controlling Interests was $2.7 million for Q1 2023 at Shoals Technologies, down from $5.7 million in the prior quarter.
  • Across five years, Income from Non-Controlling Interests topped out at $5.7 million in Q4 2022 and bottomed at -$5.5 million in Q1 2021.
  • A 3-year average of $2.2 million and a median of $2.8 million in 2021 frame the typical range for Income from Non-Controlling Interests.
  • Peak annual rise in Income from Non-Controlling Interests reached 1906.67% in 2022, while the deepest fall reached 36.88% in 2022.
  • Shoals Technologies' Income from Non-Controlling Interests stood at -$315000.0 in 2021, then soared by 1906.67% to $5.7 million in 2022, then tumbled by 52.79% to $2.7 million in 2023.
  • Business Quant data shows SHLS's Income from Non-Controlling Interests at $2.7 million in Q1 2023, $5.7 million in Q4 2022, and $4.8 million in Q3 2022.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Inc. Minority (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn -
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn -
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn -
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn 65.15 Mn
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn -
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn -464.98 Mn
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn -
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn -44.46 Mn
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn -
10 Toyo 182.74 Mn 106.10 Mn 47.76 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2023 2.69 Mn
Dec 31, 2022 5.69 Mn
Sep 30, 2022 4.80 Mn
Jun 30, 2022 2.90 Mn
Mar 31, 2022 2.01 Mn
Dec 31, 2021 -315,000.00
Sep 30, 2021 2.79 Mn
Jun 30, 2021 4.60 Mn
Mar 31, 2021 -5.48 Mn