WallStSmart

Array Technologies Inc (ARRY)vsShoals Technologies Group Inc (SHLS)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Array Technologies Inc generates 125% more annual revenue ($1.21B vs $535.53M). SHLS leads profitability with a 6.3% profit margin vs -5.6%. ARRY appears more attractively valued with a PEG of 1.05. SHLS earns a higher WallStSmart Score of 60/100 (C+).

ARRY

Hold

43

out of 100

Grade: D

Growth: 4.7Profit: 3.5Value: 5.0Quality: 5.0
Piotroski: 4/9Altman Z: 1.01

SHLS

Buy

60

out of 100

Grade: C+

Growth: 8.7Profit: 5.0Value: 6.0Quality: 7.0
Piotroski: 5/9Altman Z: 2.30
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ARRYFair Value (-2.7%)

Margin of Safety

-2.7%

Fair Value

$10.81

Current Price

$8.09

$2.72 premium

UndervaluedFair: $10.81Overvalued
SHLSUndervalued (+49.0%)

Margin of Safety

+49.0%

Fair Value

$19.20

Current Price

$10.81

$8.39 discount

UndervaluedFair: $19.20Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ARRY1 strengths · Avg: 10.0/10
EPS GrowthGrowth
137.1%10/10

Earnings expanding 137.1% YoY

SHLS2 strengths · Avg: 9.0/10
Revenue GrowthGrowth
74.9%10/10

Revenue surging 74.9% year-over-year

EPS GrowthGrowth
21.0%8/10

Earnings expanding 21.0% YoY

Areas to Watch

ARRY4 concerns · Avg: 2.5/10
Market CapQuality
$1.40B3/10

Smaller company, higher risk/reward

Operating MarginProfitability
2.0%3/10

Operating margin of 2.0%

Return on EquityProfitability
-25.0%2/10

ROE of -25.0% — below average capital efficiency

Revenue GrowthGrowth
-26.1%2/10

Revenue declined 26.1%

SHLS4 concerns · Avg: 2.5/10
Return on EquityProfitability
5.8%3/10

ROE of 5.8% — below average capital efficiency

Profit MarginProfitability
6.3%3/10

6.3% margin — thin

P/E RatioValuation
62.3x2/10

Premium valuation, high expectations priced in

Free Cash FlowQuality
$-49.10M2/10

Negative free cash flow — burning cash

Comparative Analysis Report

WallStSmart Research

Bull Case : ARRY

The strongest argument for ARRY centers on EPS Growth. PEG of 1.05 suggests the stock is reasonably priced for its growth.

Bull Case : SHLS

The strongest argument for SHLS centers on Revenue Growth, EPS Growth. Revenue growth of 74.9% demonstrates continued momentum. PEG of 1.08 suggests the stock is reasonably priced for its growth.

Bear Case : ARRY

The primary concerns for ARRY are Market Cap, Operating Margin, Return on Equity. Debt-to-equity of 2.85 is elevated, increasing financial risk.

Bear Case : SHLS

The primary concerns for SHLS are Return on Equity, Profit Margin, P/E Ratio. A P/E of 62.3x leaves little room for execution misses.

Key Dynamics to Monitor

ARRY profiles as a turnaround stock while SHLS is a hypergrowth play — different risk/reward profiles.

ARRY carries more volatility with a beta of 1.76 — expect wider price swings.

SHLS is growing revenue faster at 74.9% — sustainability is the question.

ARRY generates stronger free cash flow (-37M), providing more financial flexibility.

Bottom Line

SHLS scores higher overall (60/100 vs 43/100) and 74.9% revenue growth. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Array Technologies Inc

TECHNOLOGY · SOLAR · USA

Array Technologies, Inc. manufactures and supplies solar tracking systems and related products for customers in the United States and internationally. The company is headquartered in Albuquerque, New Mexico.

Shoals Technologies Group Inc

TECHNOLOGY · SOLAR · USA

Shoals Technologies Group, Inc. provides Electric Balance System (EBOS) solutions for solar energy projects in the United States. The company is headquartered in Portland, Tennessee.

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