WallStSmart

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

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Array Technologies Inc generates 102% more annual revenue ($1.19B vs $588.06M). SHLS leads profitability with a 5.4% profit margin vs -7.3%. SHLS appears more attractively valued with a PEG of 0.52. SHLS earns a higher WallStSmart Score of 57/100 (C).

ARRY

Hold

40

out of 100

Grade: D

Growth: 2.0Profit: 4.0Value: 5.7Quality: 7.0
Piotroski: 4/9Altman Z: 1.01

SHLS

Buy

57

out of 100

Grade: C

Growth: 6.7Profit: 5.0Value: 7.3Quality: 7.5
Piotroski: 5/9Altman Z: 2.30
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ARRYOvervalued (-8.7%)

Margin of Safety

-8.7%

Fair Value

$10.21

Current Price

$4.62

$5.59 premium

UndervaluedFair: $10.21Overvalued
SHLSUndervalued (+51.2%)

Margin of Safety

+51.2%

Fair Value

$20.06

Current Price

$7.30

$12.76 discount

UndervaluedFair: $20.06Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ARRY2 strengths · Avg: 9.0/10
Debt/EquityHealth
-3.7310/10

Conservative balance sheet, low leverage

PEG RatioValuation
0.568/10

Growing faster than its price suggests

SHLS3 strengths · Avg: 8.7/10
Revenue GrowthGrowth
47.4%10/10

Revenue surging 47.4% year-over-year

PEG RatioValuation
0.528/10

Growing faster than its price suggests

Price/BookValuation
2.0x8/10

Reasonable price relative to book value

Areas to Watch

ARRY4 concerns · Avg: 2.3/10
Market CapQuality
$706.89M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
-25.0%2/10

ROE of -25.0% — below average capital efficiency

Revenue GrowthGrowth
-5.6%2/10

Revenue declined 5.6%

EPS GrowthGrowth
-73.2%2/10

Earnings declined 73.2%

SHLS4 concerns · Avg: 3.3/10
P/E RatioValuation
39.2x4/10

Premium valuation, high expectations priced in

Market CapQuality
$1.19B3/10

Smaller company, higher risk/reward

Return on EquityProfitability
5.8%3/10

ROE of 5.8% — below average capital efficiency

Profit MarginProfitability
5.4%3/10

5.4% margin — thin

Comparative Analysis Report

WallStSmart Research

Bull Case : ARRY

The strongest argument for ARRY centers on Debt/Equity, PEG Ratio. PEG of 0.56 suggests the stock is reasonably priced for its growth.

Bull Case : SHLS

The strongest argument for SHLS centers on Revenue Growth, PEG Ratio, Price/Book. Revenue growth of 47.4% demonstrates continued momentum. PEG of 0.52 suggests the stock is reasonably priced for its growth.

Bear Case : ARRY

The primary concerns for ARRY are Market Cap, Return on Equity, Revenue Growth.

Bear Case : SHLS

The primary concerns for SHLS are P/E Ratio, Market Cap, Return on Equity.

Key Dynamics to Monitor

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

SHLS carries more volatility with a beta of 1.89 — expect wider price swings.

SHLS is growing revenue faster at 47.4% — sustainability is the question.

ARRY generates stronger free cash flow (114M), providing more financial flexibility.

Bottom Line

SHLS scores higher overall (57/100 vs 40/100) and 47.4% 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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