NN vs SHLS
Comparison between NextNav Inc (NN, Company) and Shoals Technologies Group Inc - Class A (SHLS, Company).
Both NN and SHLS are from the Technology sector.
5-Year PerformanceNN has outperformed SHLS, delivering a return of +3.3% compared to -18.6%
NN vs SHLS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
NN vs SHLS - Historical Returns
Returns include dividend reinvestment.
NN vs SHLS - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | NN | SHLS |
|---|---|---|
| 2026 | -22.01% | +8.80% |
| 2025 | +4.65% | +40.50% |
| 2024 | +245.78% | -63.55% |
| 2023 | +45.42% | -35.09% |
| 2022 | -68.32% | +3.48% |
| 2021 | -19.34% | -21.56% |
NN vs SHLS Drawdown Comparison
The maximum drawdown for NN was -86.54%, occurring on Mar 23, 2023. Recovery took 756 trading sessions.
The maximum drawdown for SHLS was -93.00%, occurring on Mar 11, 2025. This drawdown has not yet recovered.
The current NN drawdown is -46.38%. The current SHLS drawdown is -75.38%.
| Rank | NN | SHLS |
|---|---|---|
| #1 | -86.54% Nov 1, 2021 - Nov 4, 2024 | -93.00% Feb 19, 2021 - Mar 11, 2025 |
| #2 | -47.78% Dec 16, 2024 - Mar 18, 2026 | -9.13% Feb 8, 2021 - Feb 19, 2021 |
| #3 | -46.38% Jun 4, 2026 - Jul 23, 2026 | -4.69% Feb 2, 2021 - Feb 4, 2021 |
| #4 | -26.85% Apr 20, 2026 - Jun 4, 2026 | N/A |
| #5 | -24.64% Mar 25, 2026 - Apr 16, 2026 | N/A |
| #6 | -9.90% Nov 11, 2024 - Nov 18, 2024 | N/A |
| #7 | -6.04% Nov 29, 2024 - Dec 16, 2024 | N/A |
| #8 | -5.31% Nov 19, 2024 - Nov 27, 2024 | N/A |
| #9 | -3.18% Mar 19, 2026 - Mar 23, 2026 | N/A |
| #10 | -0.86% Mar 23, 2026 - Mar 25, 2026 | N/A |
| #11 | -0.08% Nov 4, 2024 - Nov 6, 2024 | N/A |
Correlation
Correlation between NN and SHLS is -0.68 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.
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