Shoals Technologies (SHLS) Shares Outstanding (Diluted Average) (2021 - 2026)
Shoals Technologies (SHLS) reported Shares Outstanding (Diluted Average) of $167.6 million for Q1 2026, little changed on a YoY basis from $167.0 million in Q1 2025, and little changed quarter-over-quarter from $168.4 million in Q4 2025.
Shoals Technologies (SHLS) Shares Outstanding (Diluted Average) (2021 - 2026) Analysis & Trends
Shoals Technologies has reported Shares Outstanding (Diluted Average) for 6 years, with the latest figure at $167.6 million in Q1 2026.
- For the quarter ending Q1 2026, Shares Outstanding (Diluted Average) changed 0.36% year-over-year to $167.6 million; the trailing twelve-month figure through Mar 2026 stood at $167.6 million (changed 0.36% YoY), and the FY2025 full-year result was $168.4 million, changed 0.21% from the prior year.
- Shares Outstanding (Diluted Average) for Q1 2026 stood at $167.6 million, roughly flat from $168.4 million in the prior quarter.
- The five-year high for Shares Outstanding (Diluted Average) was $170.5 million in Q1 2024, with the low at $112.2 million in Q1 2022.
- Historically, Shares Outstanding (Diluted Average) has averaged $156.8 million across 5 years, with a median of $167.4 million in 2024.
- The largest YoY upside for Shares Outstanding (Diluted Average) was 68.87% in 2022 against a maximum downside of 32.61% in 2022.
- Shoals Technologies' Shares Outstanding (Diluted Average) stood at $167.6 million in 2022, then decreased by 1.87% to $164.5 million in 2023, then increased by 2.57% to $168.7 million in 2024, then fell by 0.21% to $168.4 million in 2025, then retreated by 0.49% to $167.6 million in 2026.
- The last three Shares Outstanding (Diluted Average) figures came in at $167.6 million (Q1 2026), $168.4 million (Q4 2025), and $168.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares (Diluted Avg.) (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 107.62 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 152.71 Mn |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 131.34 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | 60.52 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 272.35 Mn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 167.56 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 152.96 Mn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | 30.24 Mn |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 72.58 Mn |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 Mn | - | 26.16 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 167.56 Mn |
| Dec 31, 2025 | 168.38 Mn |
| Sep 30, 2025 | 168.75 Mn |
| Jun 30, 2025 | 167.24 Mn |
| Mar 31, 2025 | 166.96 Mn |
| Dec 31, 2024 | 168.73 Mn |
| Sep 30, 2024 | 167.38 Mn |
| Jun 30, 2024 | 170.10 Mn |
| Mar 31, 2024 | 170.51 Mn |
| Dec 31, 2023 | 164.50 Mn |
| Sep 30, 2023 | 162.61 Mn |
| Jun 30, 2023 | 170.24 Mn |
| Mar 31, 2023 | 147.11 Mn |
| Dec 31, 2022 | 167.63 Mn |
| Sep 30, 2022 | 112.82 Mn |
| Jun 30, 2022 | 112.43 Mn |
| Mar 31, 2022 | 112.24 Mn |
| Dec 31, 2021 | 99.27 Mn |
| Sep 30, 2021 | 102.25 Mn |
| Jun 30, 2021 | 166.83 Mn |