SHLS vs. ENLAY
SHLS (Shoals Technologies Group, Inc.) and ENLAY (ENEL Societa per Azioni) are both stocks. SHLS operates in Solar (Technology), while ENLAY operates in Utilities - Diversified (Utilities). Over the past 5 years, SHLS returned -19.06%/yr vs 9.83%/yr for ENLAY. At a 0.20 correlation, their price movements are largely independent.
Performance
SHLS vs. ENLAY - Performance Comparison
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Returns By Period
In the year-to-date period, SHLS achieves a 28.71% return, which is significantly higher than ENLAY's 10.55% return.
SHLS
- 1D
- 4.99%
- 1M
- 10.39%
- YTD
- 28.71%
- 6M
- 17.38%
- 1Y
- 119.68%
- 3Y*
- -23.12%
- 5Y*
- -19.06%
- 10Y*
- —
ENLAY
- 1D
- -1.15%
- 1M
- -0.53%
- YTD
- 10.55%
- 6M
- 12.61%
- 1Y
- 29.82%
- 3Y*
- 27.27%
- 5Y*
- 9.83%
- 10Y*
- 16.38%
SHLS vs. ENLAY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SHLS Shoals Technologies Group, Inc. | 28.71% | 53.71% | -64.41% | -37.01% | 1.52% | -22.36% |
ENLAY ENEL Societa per Azioni | 10.55% | 56.31% | 2.11% | 47.93% | -27.98% | -20.99% |
Correlation
The correlation between SHLS and ENLAY is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2021 | 0.20 |
Fundamentals
SHLS:
$1.83B
ENLAY:
$115.68B
SHLS:
$0.20
ENLAY:
€0.42
SHLS:
54.89
ENLAY:
23.24
SHLS:
0.04
ENLAY:
1.01
SHLS:
3.44
ENLAY:
1.31
SHLS:
3.05
ENLAY:
2.86
SHLS:
$535.53M
ENLAY:
€72.93B
SHLS:
$179.38M
ENLAY:
€24.84B
SHLS:
$62.07M
ENLAY:
€23.83B
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Return for Risk
SHLS vs. ENLAY — Risk / Return Rank
SHLS
ENLAY
SHLS vs. ENLAY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shoals Technologies Group, Inc. (SHLS) and ENEL Societa per Azioni (ENLAY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SHLS | ENLAY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 2.35 | +0.19 |
| Martin ratioReturn relative to average drawdown | 5.62 | 6.70 | -1.08 |
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Drawdowns
SHLS vs. ENLAY - Drawdown Comparison
The maximum SHLS drawdown since its inception was -93.00%, which is greater than ENLAY's maximum drawdown of -63.03%. Use the drawdown chart below to compare losses from any high point for SHLS and ENLAY.
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Drawdown Indicators
| SHLS | ENLAY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.00% | -63.03% | -29.97% |
Max Drawdown (1Y)Largest decline over 1 year | -47.37% | -12.76% | -34.61% |
Max Drawdown (3Y)Largest decline over 3 years | -89.56% | -17.48% | -72.08% |
Max Drawdown (5Y)Largest decline over 5 years | -92.50% | -56.97% | -35.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.26% | — |
Current DrawdownCurrent decline from peak | -72.77% | -6.67% | -66.10% |
Average DrawdownAverage peak-to-trough decline | -59.33% | -20.58% | -38.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.38% | 4.46% | +16.92% |
Volatility
SHLS vs. ENLAY - Volatility Comparison
Shoals Technologies Group, Inc. (SHLS) has a higher volatility of 31.03% compared to ENEL Societa per Azioni (ENLAY) at 5.72%. This indicates that SHLS's price experiences larger fluctuations and is considered to be riskier than ENLAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHLS | ENLAY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.03% | 5.72% | +25.31% |
Volatility (6M)Calculated over the trailing 6-month period | 66.77% | 18.53% | +48.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.71% | 21.70% | +66.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.95% | 24.79% | +54.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 78.66% | 26.22% | +52.44% |
Dividends
SHLS vs. ENLAY - Dividend Comparison
SHLS has not paid dividends to shareholders, while ENLAY's dividend yield for the trailing twelve months is around 5.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENLAY ENEL Societa per Azioni | 5.01% | 5.04% | 6.53% | 5.76% | 7.96% | 4.25% | 3.62% | 2.25% | 2.69% | 3.29% | 6.03% | 2.07% |
SHLS Shoals Technologies Group, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
SHLS vs. ENLAY - Financials Comparison
This section allows you to compare key financial metrics between Shoals Technologies Group, Inc. and ENEL Societa per Azioni. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
SHLS vs. ENLAY - Profitability Comparison
SHLS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Shoals Technologies Group, Inc. reported a gross profit of 41.01M and revenue of 140.56M. Therefore, the gross margin over that period was 29.2%.
ENLAY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ENEL Societa per Azioni reported a gross profit of 4.05B and revenue of 20.93B. Therefore, the gross margin over that period was 19.4%.
SHLS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Shoals Technologies Group, Inc. reported an operating income of 7.72M and revenue of 140.56M, resulting in an operating margin of 5.5%.
ENLAY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ENEL Societa per Azioni reported an operating income of 4.05B and revenue of 20.93B, resulting in an operating margin of 19.4%.
SHLS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Shoals Technologies Group, Inc. reported a net income of -297.00K and revenue of 140.56M, resulting in a net margin of -0.2%.
ENLAY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ENEL Societa per Azioni reported a net income of 1.89B and revenue of 20.93B, resulting in a net margin of 9.0%.
Frequently Asked Questions
SHLS and ENLAY have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHLS has higher volatility (31.03%) compared to ENLAY (5.72%). In terms of maximum drawdown, SHLS dropped -93.00% vs ENLAY's -63.03%.
ENLAY currently has the higher Sharpe Ratio (1.38 vs 1.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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