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

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

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

Shoals Technologies has reported Income from Non-Controlling Interests for 3 years, with the latest figure at $2.7 million in Q1 2023.

  • For the quarter ending Q1 2023, Income from Non-Controlling Interests rose 33.75% year-over-year to $2.7 million; the trailing twelve-month figure through Dec 2023 stood at $2.7 million (down 82.55% YoY), and the FY2023 full-year result was $2.7 million, down 82.55% from the prior year.
  • Income from Non-Controlling Interests for Q1 2023 stood at $2.7 million, down from $5.7 million in the prior quarter.
  • The five-year high for Income from Non-Controlling Interests was $5.7 million in Q4 2022, with the low at -$5.5 million in Q1 2021.
  • Historically, Income from Non-Controlling Interests has averaged $2.2 million across 3 years, with a median of $2.8 million in 2021.
  • The largest YoY upside for Income from Non-Controlling Interests was 1906.67% in 2022 against a maximum downside of 36.88% in 2022.
  • Shoals Technologies' Income from Non-Controlling Interests stood at -$315000.0 in 2021, then jumped by 1906.67% to $5.7 million in 2022, then sank by 52.79% to $2.7 million in 2023.
  • The last three Income from Non-Controlling Interests figures came in at $2.7 million (Q1 2023), $5.7 million (Q4 2022), and $4.8 million (Q3 2022), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Inc. Minority (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn -
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn -
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn -
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn -
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn -464.98 Mn
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn -
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn -
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn 65.15 Mn
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn -
10 Skycorp Solar 110.38 Mn 103.60 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