HIGHBuilt-inGeographic
Tennessee manufacturing facilities
“10-K Item 1A: 'Our products are primarily manufactured and shipped from our production facilities in Tennessee, and any damage or disruption at these facilities may harm our business.'”
SHLS · Concentration risk · 10-K extracted
Shoals Technologies Group (SHLS) concentration risks
Updated
The most significant concentration Shoals Technologies Group discloses is Tennessee manufacturing facilities, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Source: Shoals Technologies Group’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partySupplier
limited number of vendors and suppliers
“10-K Item 1A: 'Our product development, manufacturing and testing processes are complex, involve a number of precise steps from design to production, and require significant technological and production process expertise, and therefore we depend on a limited number of vendors and suppliers.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Shoals Technologies' concentration risk combines a structural manufacturing footprint with a supplier dependency. The company's products are primarily manufactured and shipped from production facilities in Tennessee, meaning any damage or disruption at these facilities could harm the business — a structural, single-location exposure with no disclosed geographic diversification to fall back on. Separately, the company depends on a limited number of vendors and suppliers for its complex, multi-step product development, manufacturing, and testing processes, a dependency-type risk tied to specific counterparty relationships rather than the broader facility base. These two exposures reinforce one another operationally: a facility disruption in Tennessee and a supplier disruption would each independently threaten production continuity, and because both sit upstream of revenue generation, either could translate into shipment delays with limited near-term substitutes. The Tennessee concentration is the more structural and harder-to-mitigate of the two, since relocating or duplicating manufacturing capacity takes time, while the supplier dependency could in principle be addressed by diversifying vendor relationships. Together, these represent the primary operational, rather than customer-demand, risks disclosed for the business.
For the engine’s reasoning on SHLS’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Solar
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ENPH | Enphase Energy, Inc. | 2 | 1 | 0 | 3 |
| SHLS● | Shoals Technologies Group, Inc. | 1 | 1 | 0 | 2 |
| RUN | Sunrun Inc. | 0 | 2 | 0 | 2 |
| ARRY | Array Technologies, Inc. | 0 | 0 | 0 | 0 |
| FSLR | First Solar, Inc. | 0 | 0 | 0 | 0 |
| NXT | Nextpower Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.