Summary: Shoals Technologies Group is a leading electrical balance of systems (EBOS) provider for solar power, electric vehicles, energy storage, and batteries, thus a prominent candidate for environmentally-conscious investors. This guide will provide details on buying SHLS stock through the services of a regulated online brokerage like eToro.
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About Shoals Technologies Group
Established in 1996 in the United States, the company provides innovative electrical balance of systems (EBOS) solutions for solar power and energy storage projects, including junction boxes, combiner boxes, and similar components vital in connecting and controlling utility-scale solar panels and batteries.

Shoals has been at the helm of clean energy technology advancement as a critical figure in the renewable energy sector. Its high-quality products have a global presence in large-scale solar and energy storage projects, boosting energy efficiency and grid stability across the world.
As a vocal proponent of lowering carbon footprint and increasing sustainability, the company’s products are indispensable assets in the global transition from fossil fuels to a cleaner, greener future.
How to buy Shoals Technologies Group stock: step-by-step
On January 27, 2021, Shoals Technologies Group had its initial public offering (IPO) and went public for the first time. Since then, investors can buy SHLS stock through any regulated exchange broker.
Let us go through the straightforward five-step process in detail:
Step 1: Choose a broker
To gain access to buying and selling stock of any company in the stock market, Shoals Technologies Group included, you first need to create an account with a brokerage. When choosing an investment platform, pay attention to the following aspects:
- Range of offerings: Despite currently looking for SHLS, you might consider investing in more assets later on, and having them available with your brokerage will simplify the investment process. Check for commodities, different stocks, cryptocurrencies, forex, and even derivative assets like CFDs, options, and futures;
- Cost: Investing platforms, in general, provide commission-free trading and no-minimum accounts for stocks and ETFs. However, do not go with the cheapest candidate if they neglect other equally important factors;
- Regulation and security: Confirm your selected service falls under the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) regulations. Security measures such as two-factor authentication (2FA) are also welcome features that you should look for;
- Fractional stock trading: Platforms that enable fractional stock trading allow you to buy stocks by the dollar amount, which suits those with limited capital or traders seeking to pursue the dollar-cost averaging approach.
To securely buy Shoals Technologies Group stock (SHLS), we recommend:
- Commission-free stock and ETF trading;
- 2,000+ stocks from 17 exchanges;
- Fractional shares available;
- User-friendly platform.
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Regulated by financial authorities including FCA and FINRA.
Step 2: Open and fund your account
After you select an online brokerage, you must register with its platform and undergo the account verification process. Once done with the registration, continue to fund the account.
You will typically use a bank transfer, debit or credit card, or a third-party transaction service such as PayPal (PYPL) as a payment option.
Step 3: Decide how much you want to invest
Thirdly, you need to determine the amount of shares you wish to purchase before investing. To assist you in deciding on the investment, ask yourself the following:
- Will my living standards significantly plummet if I lose this investment?
- Have I calculated my daily costs, created an emergency fund to cover a few months, and repaid all high-interest debt?
Furthermore, the initial amount will depend on your investing habits, risk readiness, and financial goals. All investing bears some risk, so take on just the amount you are comfortable with.
Note
Step 4: Place your order and buy SHLS shares
After you decide how many SHLS shares you want to buy, you need to place an order. You can perform this in four steps:
- Step 1: Log into your online brokerage account and check for the Shoals’ ticker stock symbol SHLS;
- Step 2: Type in the amount of stock you want to buy;
- Step 3: Select the order type (market order or limit order) and place it;
- Step 4: Execute the trade.
Step 5: Monitor and manage your investment
Long-term investment in stocks such as Shoals Technologies Group implies that the investing process lasts even after you receive the stock. It is paramount that you monitor and manage your stock portfolio for shifts in the market and price speculation.
The relevant information you want to have at all times includes Shoals’ financial performance, the current tendencies in the solar market, and the status of renewable energies in the global economy. With this data, your investing decisions will be more informed, thus more accurate and secure.
SHLS stock price today
Pros and cons of buying Shoals Technologies Group stock
Pros
- Industry growth: With the global increase in efforts to foster sustainability and reduce the carbon footprint, the industry can expect to expand considerably in the near future, boosting the profitability of companies like Shoals Technologies Group;
- Environmental trends: By investing in Shoals Technologies Group, you advance renewable energy and greener future causes, which can be a vital factor for socially responsible investors;
- Government policies: Favorable government policies and incentives for renewable energy sources favor Shoals Technologies Group, such as tax returns and subsidies for solar panel installation.
Cons
- Fierce competition: With the high profitability of the solar power industry, the competition is numerous and formidable. The risk of another big player taking over the position of Shoals Technologies Group is not insignificant;
- Technological advancement: Shoals Technologies Group must always keep up with technological advances to maintain its leading position in the market.
Common mistakes to avoid when investing
Try your best to avoid the following common investing mistakes:
- Lack of research: Venturing into the stock market without previously researching the asset is no different from gambling;
- Lack of strategy: Define your goals and plan out your approach to know the direction your investment is heading toward at all times;
- Staking everything on one asset: Always diversify your portfolio for better risk management and more control over your assets;
- Falling prey to scams: Avoid shady services and shadowy deals. If your gut feeling says something is wrong, turn back or at least double-check everything before committing.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy SHLS stock
How to buy SHLS stock?
The most optimal way to buy SHLS is via a regulated and renowned third-party brokerage like eToro.
Where to buy SHLS stock?
Since Shoals Technologies Group is a publicly-traded company, you can buy SHLS using respectable online brokerages, such as eToro.
How do I sell my SHLS stock?
Selling SHLS is simple, just log into your brokerage account, go to SHLS’s detail page, provide the number of shares you want to transfer, and press ‘sell’.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.
-
Copy top-performing traders in real time, automatically.
-
Regulated by financial authorities including FCA and FINRA.