FTC Solar (FTCI) Stock Price, News & Analysis

7 Wall Street equities research 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 equities research 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.
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7 Wall Street analysts have issued twelve-month target prices for FTC Solar's shares. Their FTCI share price targets range from $0.45 to $2.50. On average, they expect the company's share price to reach $1.49 in the next year. This suggests a possible upside of 219.9% from the stock's current price.
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FTC Solar's stock was trading at $0.6928 on January 1st, 2024. Since then, FTCI shares have decreased by 32.7% and is now trading at $0.4663.
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FTC Solar saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 9,360,000 shares, an increase of 8.3% from the March 31st total of 8,640,000 shares. Based on an average daily volume of 716,400 shares, the days-to-cover ratio is presently 13.1 days. Approximately 16.9% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
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FTC Solar, Inc. (NASDAQ:FTCI) released its earnings results on Wednesday, March, 13th. The company reported ($0.07) EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.01. The company had revenue of $23.20 million for the quarter, compared to analysts' expectations of $22.80 million. FTC Solar had a negative trailing twelve-month return on equity of 59.79% and a negative net margin of 39.60%. During the same quarter last year, the company posted ($0.16) earnings per share.

USCF Sustainable Commodity Strategy Fund holds 6,400 shares of FTCI stock, representing 0.13% of its portfolio.

FTC Solar issued an update on its first quarter 2024 earnings guidance on Wednesday, March, 13th. The company provided EPS guidance of for the period. The company issued revenue guidance of $10.0 million-$15.0 million, compared to the consensus revenue estimate of $43.0 million.

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

FTC Solar's stock is owned by many different retail and institutional investors. Top institutional shareholders include 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.
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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.
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