WallStSmart

FTC Solar Inc (FTCI)vsShoals Technologies Group Inc (SHLS)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Shoals Technologies Group Inc generates 457% more annual revenue ($535.53M vs $96.15M). SHLS leads profitability with a 6.3% profit margin vs -44.9%. SHLS earns a higher WallStSmart Score of 60/100 (C+).

FTCI

Avoid

21

out of 100

Grade: F

Growth: 2.7Profit: 2.0Value: 5.0Quality: 5.0
Piotroski: 3/9Altman Z: -5.17

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

Intrinsic value data unavailable for FTCI.

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

FTCI1 strengths · Avg: 10.0/10
Debt/EquityHealth
-3.7510/10

Conservative balance sheet, low leverage

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

FTCI4 concerns · Avg: 3.0/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$76.03M3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Return on EquityProfitability
-956.0%2/10

ROE of -956.0% — below average capital efficiency

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 : FTCI

The strongest argument for FTCI centers on Debt/Equity.

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 : FTCI

The primary concerns for FTCI are EPS Growth, Market Cap, Piotroski F-Score.

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

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

FTCI carries more volatility with a beta of 1.80 — expect wider price swings.

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

FTCI generates stronger free cash flow (-13M), providing more financial flexibility.

Bottom Line

SHLS scores higher overall (60/100 vs 21/100) and 74.9% revenue growth. Both earn "Buy" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

FTC Solar Inc

TECHNOLOGY · SOLAR · USA

FTC Solar, Inc. provides solar tracking systems and software and engineering services in the United States and internationally. The company is headquartered in Austin, Texas.

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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