Shoals Technologies Group is a holding company. Through its subsidiaries, Co. provides electrical balance of system (EBOS) solutions for solar energy projects. Co. sells EV Charging solutions for public and fleet electric vehicle charging stations. EBOS components that Co. produces include cable assemblies, inline fuses, combiners, disconnects, recombiners, wireless monitoring systems, junction boxes, transition enclosures, and wire management solutions. EV Charging solutions that Co. produces include: the EV Big Lead Assembly (BLA), raceways which protect the EV BLAs and other power cables, pedestal bases for Level 2 chargers and quick connect bases for Level 3 and high-power chargers. We show 11 historical shares outstanding datapoints in our SHLS shares outstanding history coverage, used to compute SHLS market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SHLS market cap history over the course of time is important for investors
interested in comparing SHLS's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of SHLS versus a peer is one thing; comparing
SHLS market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like SHLS can fluctuate over the course of history.
With this page we aim to empower investors researching SHLS by allowing them to research the SHLS market cap history. |
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Video: The Importance of Market Cap
