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| Date | Value |
|---|---|
| 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 |