COMPARE · Reviewed July 29, 2026
ENPH vs SHLS
Verdict: Side-by-side breakdown using the Bull Rankings model. ENPH scored 46.9, SHLS scored 60.7 — SHLS leads.
Compare another set
ENPH
Enphase Energy, Inc.
46.9
$36.83 · $4.9B
fundamentals as of
Score gap
13.8
SHLS leads
SHLS
Shoals Technologies Group Inc
60.7
$8.88 · $1.4B
The model, pillar by pillar (0–100 each)
ENPH
stronger →← stronger
SHLS
51
Qualityreturns · margins · balance sheet
46
37
Growthrevenue & earnings expansion
98
55
Valuevaluation vs sector peers
50
ENPH is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
ENPH
SHLS
$145mC
FCF
-$77mF
-1.6%D+
Rev
+37.8%A
0.56B
D/E
0.06A
36.5xB
P/E
—
1.03B+
PEG
1.05B+
—
P/S
2.5xA-
Winner per row is the stronger grade in our model; a tie or a missing value shows no highlight.
Valuation · DCF cross-check
ENPH
SHLS
154% above
Price vs fair valuelower is cheaper
—
~36%/yr
Growth the price implies10-yr FCF · lower = less priced in
—
-67%
1-yr DCF upside
—
-61%
5-yr DCF upside
—
-51%
10-yr DCF upside
—
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
The companies
ENPHEnphase Energy, Inc.
Why now
Solar · market cap $4.9b. Down 50% from 52-week high of $73.74 — deep drawdown territory. 26 sell-side analysts rate this a Buy with a mean 1-yr target of $48.93 (implying +33% upside).
Moat
ROE 12% meets the long-run market sustainable threshold — solid but not differentiated; the durability comes from elsewhere. FCF converts 107% of net income — earnings translate cleanly into cash, a sign that working capital and capex are well-disciplined.
Risk
Down 50% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. Beta 1.61 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return. Trailing P/E 36x sits well above the S&P median (~20x) — multiple compression is a real risk if revenue growth decelerates.
SHLSShoals Technologies Group Inc
Why now
Electrical Equipment · market cap $1.4b. Down 33% from 52-week high of $13.18 — deep drawdown territory. Revenue growing +38% — in hypergrowth territory.
Moat
Turnaround / out-of-favor name — GAAP-unprofitable for now, so the durability case is forward-looking: it rests on a recovery (margin normalization, a cyclical upturn or restructuring) or an un-monetized asset (IP / network effects / first-mover position) rather than on current reported results.
Risk
Free cash flow is negative (-$77m) — capital raises or debt issuance likely required; dilution / leverage risk. Down 33% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. Beta 1.97 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.