COMPARE · Reviewed July 29, 2026
FSLR vs SHLS
Verdict: Side-by-side breakdown using the Bull Rankings model. FSLR scored 70.6, SHLS scored 60.7 — FSLR leads.
Compare another set
FSLR
First Solar, Inc.
70.6
$203.78 · $21.9B
fundamentals as of
Score gap
9.9
FSLR leads
SHLS
Shoals Technologies Group Inc
60.7
$8.88 · $1.4B
The model, pillar by pillar (0–100 each)
FSLR
stronger →← stronger
SHLS
79
Qualityreturns · margins · balance sheet
46
50
Growthrevenue & earnings expansion
98
89
Valuevaluation vs sector peers
50
FSLR is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
FSLR
SHLS
$1.7bC+
FCF
-$77mF
+27.3%A-
Rev
+37.8%A
0.06A-
D/E
0.06A
13.2xA
P/E
—
0.54A-
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
FSLR
SHLS
11% below
Price vs fair valuelower is cheaper
—
~12%/yr
Growth the price implies10-yr FCF · lower = less priced in
—
-14%
1-yr DCF upside
—
+12%
5-yr DCF upside
—
+60%
10-yr DCF upside
—
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
FSLR
Why this score
- Cyclical growth
SHLS
No notable signals flagged.
The companies
FSLRFirst Solar, Inc.
Why now
Solar · market cap $21.9b. Down 37% from 52-week high of $320.95 — deep drawdown territory. Revenue growing +27% — in hypergrowth territory. PEG 0.54 — paying under fair value for the growth rate. 28 sell-side analysts rate this a Buy with a mean 1-yr target of $256.36 (implying +26% upside).
Moat
Net margin 31% is exceptional — pricing-power territory rare outside premium software, branded staples, and specialty pharma. ROE 17% sits above Buffett's preferred 15% threshold — the equity base is compounding at a rate the market struggles to discount accurately. FCF converts 100% of net income — earnings translate cleanly into cash, a sign that working capital and capex are well-disciplined.
Risk
Down 37% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. Beta 1.73 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return.
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.