Shoals Technologies Group Inc

SHLS remains in a Stage 4 downtrend below all major EMAs with a clear lower high/lower low structure. Medium-term bias is bearish, and short-term timing now favors selling into the bounce at the declining 20-day EMA. We recommend selling now near this resistance zone on a rejection-based interaction.

• ↑Q2 2026 revenue of $163.4M, +47% YoY; reaffirms $600–640M FY26 guidance
• ↑Backlog reached $801M (+19% YoY) with $207M of new orders added
• ↓Facility consolidation risks disrupting operations and straining margins