Array Technologies (ARRY) vs Shoals Technologies Group (SHLS)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Shoals Technologies Group (SHLS) has outperformed Array Technologies (ARRY) over the past year, losing 1.8% versus a loss of 56.2%. Over five years, SHLS leads with a -70.3% price change compared with -79.8% for ARRY. Shoals Technologies Group is the larger company by market cap ($1.42 billion vs $576.8 million), about 2.5 times the size.
On valuation, Array Technologies trades at a lower forward P/E (4.1x vs 15.2x for Shoals Technologies Group).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | ARRY | SHLS |
|---|---|---|
| Share price | $3.75 | $8.42 |
| Market cap | $576.85M | $1.42B |
| 1-day change | -1.83% | +0.36% |
| YTD return | -58.57% | -1.29% |
| 1-year return | -56.19% | -1.76% |
| 5-year return | -79.76% | -70.28% |
| P/E ratio (TTM) | — | 44.32 |
| Forward P/E | 4.06 | 15.21 |
| EPS (TTM) | $-0.96 | $0.19 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| 52-week high | $12.23 | $13.18 |
| 52-week low | $3.62 | $5.43 |
| Distance from 52-week high | -69.34% | -36.12% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +118.67% | +32.66% |
| Average volume | 6.69M | 4.94M |
| Shares outstanding | 153.83M | 168.30M |
| Employees | 1,200 | 1,480 |
| Sector | Technology | Technology |
| Industry | Semiconductors | Semiconductors |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Shoals Technologies Group is about 2.5 times larger than Array Technologies by market value ($1.42B vs $576.85M).
- SHLS has outperformed ARRY by 54.4 percentage points over the past year.
About Array Technologies
ARRY stock →Array Technologies, Inc. engages in the manufacture and sale of solar tracking technology products in the United States, Spain, Brazil, Australia, and internationally.
Technology · Semiconductors · 1,200 employees
About Shoals Technologies Group
SHLS stock →Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions and components in the United States and internationally.
Technology · Semiconductors · 1,480 employees
ARRY vs SHLS FAQ
Which is bigger, Array Technologies or Shoals Technologies Group?
Shoals Technologies Group (SHLS) is larger, with a market capitalization of $1.42B compared with $576.85M for Array Technologies (ARRY).
Which stock has performed better over the past year, ARRY or SHLS?
SHLS returned -1.76% over the past 12 months, compared with -56.19% for ARRY (price return, excluding dividends). Past performance does not predict future results.
Are Array Technologies and Shoals Technologies Group in the same industry?
Yes. Both are classified in the Semiconductors industry within the Technology sector.