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NASDAQ:FTCI

FTC Solar (FTCI) Stock Price, News & Analysis

$0.52
+0.03 (+6.15%)
(As of 05/31/2024 ET)
Today's Range
$0.49
$0.52
50-Day Range
$0.38
$0.59
52-Week Range
$0.28
$3.87
Volume
440,117 shs
Average Volume
587,775 shs
Market Capitalization
$65.08 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$1.49

FTC Solar MarketRank™ Stock Analysis

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
187.9% Upside
$1.49 Price Target
Short Interest
Bearish
14.09% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.97mentions of FTC Solar in the last 14 days
Based on 6 Articles This Week
Insider Trading
Acquiring Shares
$200,436 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.32) to ($0.13) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.58 out of 5 stars

Oils/Energy Sector

142nd out of 241 stocks

Semiconductors & Related Devices Industry

54th out of 89 stocks

FTCI stock logo

About FTC Solar Stock (NASDAQ:FTCI)

FTC Solar, Inc. engages in the provision of solar tracker systems, software, and engineering services in the United States, Asia, Europe, the Middle East, North Africa, South Africa, and Australia. The company offers a self-powered, two-panel in-portrait, and single-axis tracker solution under the Voyager brand name; and a one module-in-portrait solar tracker solution under the Pioneer brand name. Its customers include project developers and solar asset owners, as well as engineering, procurement, and construction contractors that design and build solar energy projects. The company was incorporated in 2017 and is headquartered in Austin, Texas.

FTCI Stock Price History

FTCI Stock News Headlines

Q1 2024 FTC Solar Inc Earnings Call
7 Penny Stocks if You Believe Lady Luck's on Your Side
FTC Solar Full Year 2023 Earnings: EPS Beats Expectations
CSIQ Mar 2024 18.500 call
FTC Solar to Present at Roth Conference March 18, 2024
FTC Solar Q4 2023 Earnings Preview
See More Headlines
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Company Calendar

Last Earnings
5/10/2024
Today
6/01/2024
Next Earnings (Estimated)
8/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:FTCI
Fax
N/A
Employees
213
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$1.49
High Stock Price Target
$2.50
Low Stock Price Target
$0.45
Potential Upside/Downside
+187.9%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$-50,290,000.00
Pretax Margin
-48.41%

Debt

Sales & Book Value

Annual Sales
$127 million
Book Value
$0.44 per share

Miscellaneous

Free Float
96,594,000
Market Cap
$65.08 million
Optionable
Optionable
Beta
1.62
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Key Executives

  • Mr. Sasan Aminpour (Age 59)
    Chief Operating Officer
    Comp: $4.92k
  • Mr. Patrick M. Cook (Age 40)
    Senior Vice President of Capital Markets & Business Development
    Comp: $5.31k
  • Ms. Tamara Mullings (Age 40)
    Senior Vice President of North American Sales
    Comp: $607
  • Ms. Cathy Behnen CPAMs. Cathy Behnen CPA (Age 60)
    Chief Financial Officer
  • Mr. Bill Michalek
    Vice President of Investor Relations & Corporate Communications
  • Jacob D. Wolf Esq.
    VP, General Counsel & Secretary
  • Mr. Alberto Echeverria
    Senior Vice President of International Sales

FTCI Stock Analysis - Frequently Asked Questions

Should I buy or sell FTC Solar stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for FTC Solar in the last twelve months. There are currently 5 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" FTCI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FTCI, but not buy additional shares or sell existing shares.
View FTCI analyst ratings
or view top-rated stocks.

What is FTC Solar's stock price target for 2024?

7 Wall Street research analysts have issued 12 month price objectives for FTC Solar's stock. Their FTCI share price targets range from $0.45 to $2.50. On average, they predict the company's share price to reach $1.49 in the next year. This suggests a possible upside of 187.9% from the stock's current price.
View analysts price targets for FTCI
or view top-rated stocks among Wall Street analysts.

How have FTCI shares performed in 2024?

FTC Solar's stock was trading at $0.6928 on January 1st, 2024. Since then, FTCI shares have decreased by 25.2% and is now trading at $0.5181.
View the best growth stocks for 2024 here
.

Are investors shorting FTC Solar?

FTC Solar saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 8,270,000 shares, a decline of 18.4% from the April 30th total of 10,140,000 shares. Based on an average daily trading volume, of 728,500 shares, the days-to-cover ratio is currently 11.4 days. Currently, 14.1% of the shares of the company are sold short.
View FTC Solar's Short Interest
.

When is FTC Solar's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 14th 2024.
View our FTCI earnings forecast
.

How were FTC Solar's earnings last quarter?

FTC Solar, Inc. (NASDAQ:FTCI) posted its quarterly earnings results on Friday, May, 10th. The company reported ($0.10) EPS for the quarter, beating analysts' consensus estimates of ($0.11) by $0.01. The company had revenue of $12.59 million for the quarter, compared to the consensus estimate of $12.54 million. FTC Solar had a negative trailing twelve-month return on equity of 63.07% and a negative net margin of 47.92%.

What ETF holds FTC Solar's stock?

USCF Sustainable Commodity Strategy Fund holds 6,400 shares of FTCI stock, representing 0.12% of its portfolio.

What guidance has FTC Solar issued on next quarter's earnings?

FTC Solar updated its second quarter 2024 earnings guidance on Friday, May, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $10.5 million-$15.5 million, compared to the consensus revenue estimate of $23.6 million.

When did FTC Solar IPO?

FTC Solar (FTCI) raised $350 million in an IPO on Wednesday, April 28th 2021. The company issued 18,400,000 shares at $18.00-$20.00 per share. Barclays, BofA Securities, Credit Suisse, UBS Investment Bank and HSBC served as the underwriters for the IPO and Cowen, Simmons Energy (A Division of Piper Sandler), Raymond James and Roth Capital Partners were co-managers.

Who are FTC Solar's major shareholders?

FTC Solar's stock is owned by a number of institutional and retail investors. Top institutional investors include GSA Capital Partners LLP (1.53%), TTP Investments Inc. (0.12%) and Fifth Lane Capital LP (0.06%). Insiders that own company stock include Ahmad R Chatila, Ali Mortazavi, Arc Family Trust, Cathy Behnen, Cortes Isidoro Alfonso Quiroga, David Springer, Kristian Nolde, Nagendra Cherukupalli, Patrick Cook, Robert Phelps Morris, Sasan Aminpour, Sean Hunkler, South Cone Investments Limited, Tamara Mullings, Thurman J Rodgers and William A Priddy.
View institutional ownership trends
.

How do I buy shares of FTC Solar?

Shares of FTCI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:FTCI) was last updated on 6/2/2024 by MarketBeat.com Staff

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