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Pay vs Performance Disclosure - USD ($)
2 Months Ended 4 Months Ended 5 Months Ended 12 Months Ended
Mar. 15, 2023
Jul. 17, 2023
Dec. 31, 2023
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure                
Pay vs Performance Disclosure, Table      
Pay Versus Performance
The following table sets forth certain information with respect to the Company’s financial performance and the compensation paid to our Named Executive Officers for the years ended on December 31, 2025, December 31, 2024, December 31, 2023, December 31, 2022 and December 31, 2021.
Value of Initial Fixed $100
Investment Based On:
Year
Summary
Compensation
Table Total
for PEO 1(2)
Compensation
Actually Paid
to PEO 1(1)(2)
Summary
Compensation
Table Total
for PEO 2(3)
Compensation
Actually Paid
to PEO 2(3)(1)
Summary
Compensation
Table Total
for PEO 3(4)
Compensation
Actually Paid
to PEO 3(4)(1)(9)
Average
Summary
Compensation
Table Total
for Non-PEO
NEOs(5)
Average
Compensation
Actually Paid
to Non-PEO
NEOs(5)(1)(9)
Total
Shareholder
Return(6)
Peer Group
Total
Shareholder
Return(6)
Net Income(7)
Adjusted
EBITDA(8)
2025— — — — $5,961,218 $11,229,750 $1,429,870 $2,248,658 $25.05 $45.28 $33,574,000 $99,523,000 
2024— — — — $8,108,466 $2,340,259 $1,810,537 $(144,659)$16.30 $30.73 $24,127,000 $99,084,000 
2023$4,477,834 $301,159 $2,217,300 $1,180,717 $5,560,030 $3,239,960 $2,512,152 $1,086,518 $45.80 $47.53 $39,974,000 $173,391,000 
2022$4,712,152 $8,885,983 — — — — $1,074,313 $1,160,674 $72.71 $64.56 $127,611,000 $92,989,000 
2021$3,684,742 $2,916,141 $1,847,832 $1,795,895 $71.62 $67.78 $(327,000)$62,857,000 
(1) In calculating the “compensation actually paid” amounts reflected in these columns, the fair value or change in fair value, as applicable, of the equity award adjustments included in such calculations was computed in accordance with FASB ASC Topic 718. The valuation assumptions used to calculate such fair values did not materially differ from those disclosed at the time of grant.
(2)The name of the Principal Executive Officer of the Company (“PEO”) that is included as PEO 1 in these columns is Jason Whitaker. Mr. Whitaker served as Chief Executive Officer from January 2020 – March 15, 2023.
(3)The name of the PEO that is included as PEO 2 in these columns is Jeffery Tolnar. Mr. Tolnar served as interim Chief Executive Officer from March 15, 2023 – July 17, 2023.
(4)The name of the PEO that is included as PEO 3 in these columns is Brandon Moss. Mr. Moss began serving as our Chief Executive Officer effective July 17, 2023.
(5)The names of each of the non-PEO Named Executive Officers reflected in these columns for each applicable fiscal year are as follows: (i) for the 2024 Fiscal Year, Dominic Bardos, Jeffery Tolnar, Inez Lund, and Mehgan Peetz; (ii) for the 2023 Fiscal Year, Dominic Bardos and Mehgan Peetz; (iii) for the 2022 Fiscal Year, Dr. Philip Garton, Kevin Hubbard, Dominic Bardos, Mehgan Peetz and Jeffery Tolnar; and (iv) for the 2021 Fiscal Year, Mehgan Peetz and Jeffery Tolnar.
(6)The Company TSR and the Company’s Peer Group TSR reflected in these columns for each applicable fiscal year is calculated based on a fixed investment of $100 at the applicable measurement point on the same cumulative basis as is used in Item 201(e) of
Regulation S-K.
the peer group used to determine the Company’s Peer Group TSR for each applicable fiscal year is the following published industry index, as disclosed in our 2025 Annual Report to shareholders pursuant to Item 201(e) of Regulation S-K: MAC Global Solar Energy Index (SUNIDX).
(7)Represents the amount of net income reflected in the Company’s audited GAAP financial statements for each applicable period.
(8)We have selected Adjusted EBITDA as our “Company Selected Measure.” We define Adjusted EBITDA as net income plus/(minus) (i) interest expense, (ii) interest income (iii) income tax expense, (iv) depreciation expense, (v) amortization of intangibles, (vi) payable pursuant to the TRA adjustment, (vii) gain on termination of the TRA, (viii) equity-based compensation, (ix) acquisition-related expenses, (x) wire insulation shrinkback expenses, and (xi) wire insulation shrinkback litigation expenses. See Appendix A for reconciliation of net income to Adjusted EBITDA.
(9)For the 2025 Fiscal Year, the “compensation actually paid” to the PEO and the average “compensation actually paid” to the non-PEO Named Executive Officers reflect each of the following adjustments made to the total compensation amounts reported in the Summary Compensation Table for the 2025 Fiscal Year, computed in accordance with Item 402(v) of Regulation S-K:
PEO 3Average Non-PEO NEOs
Total Compensation Reported in 2025 Summary Compensation Table$5,961,218 $1,429,870 
Less, Grant Date Fair Value of Stock & Option Awards Reported in the 2025 Summary Compensation Table(4,400,002)(906,251)
Plus, Year-End Fair Value of Awards Granted in 2025 that are Outstanding and Unvested8,392,596 1,553,411 
Plus, Change in Fair Value of Awards Granted in Prior Years that are Outstanding and Unvested (From Prior Year-End to Year-End)1,392,992 154,409 
Plus, Vesting Date Fair Value of Awards Granted in 2025 that Vested in 2025— — 
Plus, Change in Fair Value of Awards Granted in Prior Years that Vested in 2025 (From Prior Year-End to Vesting Date)(117,054)(14,505)
Less, Prior Year-End Fair Value of Awards Granted in Prior Years that Failed to Vest in 2025— 31,724 
Plus, Dollar Value of Dividends, Dividend Equivalents or other Earnings Paid on Stock & Option Awards in 2025 prior to Vesting (if not reflected in the fair value of such award or included in Total Compensation for that Year)— — 
Total Adjustments$5,268,532 $818,788 
Compensation Actually Paid for the 2025 Fiscal Year$11,229,750 $2,248,658 
       
Company Selected Measure Name       Adjusted EBITDA        
Named Executive Officers, Footnote       The name of the Principal Executive Officer of the Company (“PEO”) that is included as PEO 1 in these columns is Jason Whitaker. Mr. Whitaker served as Chief Executive Officer from January 2020 – March 15, 2023.
(3)The name of the PEO that is included as PEO 2 in these columns is Jeffery Tolnar. Mr. Tolnar served as interim Chief Executive Officer from March 15, 2023 – July 17, 2023.
(4)The name of the PEO that is included as PEO 3 in these columns is Brandon Moss. Mr. Moss began serving as our Chief Executive Officer effective July 17, 2023.
(5)The names of each of the non-PEO Named Executive Officers reflected in these columns for each applicable fiscal year are as follows: (i) for the 2024 Fiscal Year, Dominic Bardos, Jeffery Tolnar, Inez Lund, and Mehgan Peetz; (ii) for the 2023 Fiscal Year, Dominic Bardos and Mehgan Peetz; (iii) for the 2022 Fiscal Year, Dr. Philip Garton, Kevin Hubbard, Dominic Bardos, Mehgan Peetz and Jeffery Tolnar; and (iv) for the 2021 Fiscal Year, Mehgan Peetz and Jeffery Tolnar.
       
Peer Group Issuers, Footnote       The Company TSR and the Company’s Peer Group TSR reflected in these columns for each applicable fiscal year is calculated based on a fixed investment of $100 at the applicable measurement point on the same cumulative basis as is used in Item 201(e) of
Regulation S-K.
the peer group used to determine the Company’s Peer Group TSR for each applicable fiscal year is the following published industry index, as disclosed in our 2025 Annual Report to shareholders pursuant to Item 201(e) of Regulation S-K: MAC Global Solar Energy Index (SUNIDX).
       
Non-PEO NEO Average Total Compensation Amount       $ 1,429,870 $ 1,810,537 $ 2,512,152 $ 1,074,313 $ 1,847,832
Non-PEO NEO Average Compensation Actually Paid Amount       $ 2,248,658 (144,659) 1,086,518 1,160,674 1,795,895
Adjustment to Non-PEO NEO Compensation Footnote       For the 2025 Fiscal Year, the “compensation actually paid” to the PEO and the average “compensation actually paid” to the non-PEO Named Executive Officers reflect each of the following adjustments made to the total compensation amounts reported in the Summary Compensation Table for the 2025 Fiscal Year, computed in accordance with Item 402(v) of Regulation S-K:
PEO 3Average Non-PEO NEOs
Total Compensation Reported in 2025 Summary Compensation Table$5,961,218 $1,429,870 
Less, Grant Date Fair Value of Stock & Option Awards Reported in the 2025 Summary Compensation Table(4,400,002)(906,251)
Plus, Year-End Fair Value of Awards Granted in 2025 that are Outstanding and Unvested8,392,596 1,553,411 
Plus, Change in Fair Value of Awards Granted in Prior Years that are Outstanding and Unvested (From Prior Year-End to Year-End)1,392,992 154,409 
Plus, Vesting Date Fair Value of Awards Granted in 2025 that Vested in 2025— — 
Plus, Change in Fair Value of Awards Granted in Prior Years that Vested in 2025 (From Prior Year-End to Vesting Date)(117,054)(14,505)
Less, Prior Year-End Fair Value of Awards Granted in Prior Years that Failed to Vest in 2025— 31,724 
Plus, Dollar Value of Dividends, Dividend Equivalents or other Earnings Paid on Stock & Option Awards in 2025 prior to Vesting (if not reflected in the fair value of such award or included in Total Compensation for that Year)— — 
Total Adjustments$5,268,532 $818,788 
Compensation Actually Paid for the 2025 Fiscal Year$11,229,750 $2,248,658 
       
Compensation Actually Paid vs. Total Shareholder Return      
Compensation Actually Paid and Company TSR
03_SHLS_PXY_2026_Compensation Actually Paid and Company TSR.jpg
       
Compensation Actually Paid vs. Net Income      
Compensation Actually Paid and Net Income
03_SHLS_PXY_2026_Compensation Actually Paid and Company Net Income-01.jpg
       
Compensation Actually Paid vs. Company Selected Measure      
 Compensation Actually Paid and Adjusted EBITDA
03_SHLS_PXY_2026_Compensation Actually Paid and Company Adjusted EBITDA Income.jpg
       
Total Shareholder Return Vs Peer Group      
Company TSR and Peer Group TSR
Company TSR and Peer Group TSR.jpg
       
Tabular List, Table      
 Pay versus Performance Tabular List
The following are our most important performance measures used by us to link “compensation actually paid” to our Named Executive Officers to company performance for the 2025 Fiscal Year. The performance measures included are not ranked by relative importance.
Most Important Performance Measures
Adjusted EBITDA 
 Adjusted Free Cash Flow 
Revenue Growth
 Cumulative Adjusted Diluted Earnings Per Share
       
Total Shareholder Return Amount       $ 25.05 16.30 45.80 72.71 71.62
Peer Group Total Shareholder Return Amount       45.28 30.73 47.53 64.56 67.78
Net Income (Loss)       $ 33,574,000 $ 24,127,000 $ 39,974,000 $ 127,611,000 $ (327,000)
Company Selected Measure Amount       99,523,000 99,084,000 173,391,000 92,989,000 62,857,000
PEO Name   Jeffery Tolnar Brandon Moss          
Measure:: 1                
Pay vs Performance Disclosure                
Name       Adjusted EBITDA         
Non-GAAP Measure Description       We have selected Adjusted EBITDA as our “Company Selected Measure.” We define Adjusted EBITDA as net income plus/(minus) (i) interest expense, (ii) interest income (iii) income tax expense, (iv) depreciation expense, (v) amortization of intangibles, (vi) payable pursuant to the TRA adjustment, (vii) gain on termination of the TRA, (viii) equity-based compensation, (ix) acquisition-related expenses, (x) wire insulation shrinkback expenses, and (xi) wire insulation shrinkback litigation expenses. See Appendix A for reconciliation of net income to Adjusted EBITDA.        
Measure:: 2                
Pay vs Performance Disclosure                
Name        Adjusted Free Cash Flow         
Measure:: 3                
Pay vs Performance Disclosure                
Name       Revenue Growth        
Measure:: 4                
Pay vs Performance Disclosure                
Name        Cumulative Adjusted Diluted Earnings Per Share        
Jason Whitaker [Member]                
Pay vs Performance Disclosure                
PEO Total Compensation Amount       $ 0 $ 0 $ 4,477,834 $ 4,712,152 $ 3,684,742
PEO Actually Paid Compensation Amount       0 0 301,159 8,885,983 2,916,141
PEO Name Jason Whitaker              
Jeffery Tolnar [Member]                
Pay vs Performance Disclosure                
PEO Total Compensation Amount       0 0 2,217,300 0 0
PEO Actually Paid Compensation Amount       0 0 1,180,717 0 0
Brandon Moss [Member]                
Pay vs Performance Disclosure                
PEO Total Compensation Amount       5,961,218 8,108,466 5,560,030 0 0
PEO Actually Paid Compensation Amount       11,229,750 $ 2,340,259 $ 3,239,960 $ 0 $ 0
Non-PEO NEO [Member]                
Pay vs Performance Disclosure                
Non-PEO NEO Average Total Compensation Amount       1,429,870        
Non-PEO NEO Average Compensation Actually Paid Amount       2,248,658        
PEO | Brandon Moss [Member]                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount       5,268,532        
PEO | Brandon Moss [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount       (4,400,002)        
PEO | Brandon Moss [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount       8,392,596        
PEO | Brandon Moss [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount       1,392,992        
PEO | Brandon Moss [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount       0        
PEO | Brandon Moss [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount       (117,054)        
PEO | Brandon Moss [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount       0        
PEO | Brandon Moss [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount       0        
Non-PEO NEO [Member]                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount       818,788        
Non-PEO NEO [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount       (906,251)        
Non-PEO NEO [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount       1,553,411        
Non-PEO NEO [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount       154,409        
Non-PEO NEO [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount       0        
Non-PEO NEO [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount       (14,505)        
Non-PEO NEO [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount       31,724        
Non-PEO NEO [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount       $ 0