BlackRock (SHLS holder) reports 10.7% passive stake in Shoals Technologies Group

Rhea-AI Filing Summary

BlackRock, Inc. has filed an amended Schedule 13G reporting beneficial ownership of 17,879,419 shares of Shoals Technologies Group, Inc. Class A stock, representing 10.7% of the class as of the event date.

BlackRock reports sole power to vote 17,623,254 shares and sole power to dispose of 17,879,419 shares, with no shared voting or dispositive power. The filing states the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of Shoals. Various underlying clients have economic interests, but no single client holds more than five percent of the outstanding common shares.

Insights

Equity ownership and governance analyst

BlackRock reports a 10.7% passive stake in Shoals.

BlackRock, Inc. reports beneficial ownership of 17,879,419 Class A shares of Shoals Technologies Group, Inc., or 10.7% of the class. It has sole voting power over 17,623,254 shares and sole dispositive power over 17,879,419 shares.

The certification states the position is held in the ordinary course of business and not to change or influence control, consistent with a passive institutional holding. Economic interests are spread across various clients, with no individual client above five percent of outstanding common shares.

This filing mainly clarifies the scale and passive nature of BlackRock’s stake as of 01/31/2026. Subsequent ownership changes, if any, would be reflected in future beneficial ownership reports.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 10)

Shoals Technologies Group, Inc.

(Name of Issuer)

Class A Stock

(Title of Class of Securities)

82489W107

(CUSIP Number)

01/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 82489W107

1

Names of Reporting Persons

BlackRock, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 17,623,254.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 17,879,419.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

17,879,419.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.7 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Shoals Technologies Group, Inc.
(b)	Address of issuer's principal executive offices: 1400 SHOALS WAY PORTLAND TN 37148
Item 2.
(a)	Name of person filing: BlackRock, Inc. In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)	Address or principal business office or, if none, residence: BlackRock, Inc., 50 Hudson Yards New York, NY 10001
(c)	Citizenship: See Item 4 of Cover Page
(d)	Title of class of securities: Class A Stock
(e)	CUSIP No.: 82489W107
Item 4.	Ownership
(a)	Amount beneficially owned: 17879419
(b)	Percent of class: 10.7 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 17623254
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 17879419
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of Shoals Technologies Group, Inc.. No one person's interest in the common stock of Shoals Technologies Group, Inc. is more than five percent of the total outstanding common shares.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BlackRock, Inc.

Signature:	Spencer Fleming
Name/Title:	Managing Director
Date:	02/06/2026

Exhibit Information

Exhibit 24: Power of Attorney Exhibit 99: Item 7

FAQ

How many Shoals Technologies Group (SHLS) shares does BlackRock beneficially own?

BlackRock beneficially owns 17,879,419 Shoals Class A shares. The Schedule 13G/A reports sole dispositive power over 17,879,419 shares and sole voting power over 17,623,254 shares of Shoals Technologies Group, Inc. Class A stock as of January 31, 2026.

What percentage of Shoals Technologies Group (SHLS) does BlackRock own?

BlackRock reports beneficial ownership of 10.7% of Shoals’ Class A stock. The amended Schedule 13G shows that 17,879,419 shares represent 10.7% of the outstanding Class A shares of Shoals Technologies Group, Inc. as of the reported event date.

Is BlackRock’s stake in Shoals Technologies Group (SHLS) reported as passive or activist?

BlackRock characterizes its Shoals stake as passive. The certification states the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Shoals Technologies Group, Inc., consistent with a passive investment position.

Does any single BlackRock client own more than 5% of Shoals (SHLS) shares?

No individual client exceeds 5% of Shoals’ common shares. The filing explains that various persons have rights to dividends or sale proceeds, but no one person’s interest in Shoals Technologies Group, Inc. common stock is more than five percent of total outstanding shares.

Who signed the BlackRock Schedule 13G/A for Shoals Technologies Group (SHLS)?

The filing was signed by Spencer Fleming, Managing Director. The signature block certifies, after reasonable inquiry, that the information is true, complete, and correct, with Spencer Fleming signing on behalf of BlackRock, Inc. and identifying his title as Managing Director.

What voting and dispositive powers does BlackRock report over Shoals (SHLS) shares?

BlackRock reports sole voting and dispositive powers. The Schedule 13G/A shows sole voting power over 17,623,254 Shoals Class A shares and sole dispositive power over 17,879,419 shares, with no shared voting or shared dispositive power reported for this position.