S&P 500   4,981.80
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Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
Is Gold Really Boring? (Ad)
Palo Alto Networks aims at cyber security leadership
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Is Gold Really Boring? (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Housing data weakens, but Toll Brothers stock is still a buy
Teladoc Health gaps down to support level after weak guidance
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
Is Gold Really Boring? (Ad)
Palo Alto Networks aims at cyber security leadership
3 Reasons the Capital One-Discover merger is a big deal
Is Gold Really Boring? (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Housing data weakens, but Toll Brothers stock is still a buy
Teladoc Health gaps down to support level after weak guidance
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
Is Gold Really Boring? (Ad)
Palo Alto Networks aims at cyber security leadership
3 Reasons the Capital One-Discover merger is a big deal
Is Gold Really Boring? (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Housing data weakens, but Toll Brothers stock is still a buy
Teladoc Health gaps down to support level after weak guidance
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
Is Gold Really Boring? (Ad)
Palo Alto Networks aims at cyber security leadership
3 Reasons the Capital One-Discover merger is a big deal
Is Gold Really Boring? (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Housing data weakens, but Toll Brothers stock is still a buy
Teladoc Health gaps down to support level after weak guidance
NASDAQ:FTCI

FTC Solar (FTCI) Stock Price, News & Analysis

$0.52
-0.02 (-3.69%)
(As of 02/21/2024 ET)
Today's Range
$0.52
$0.57
50-Day Range
$0.46
$0.94
52-Week Range
$0.28
$3.87
Volume
290,362 shs
Average Volume
568,307 shs
Market Capitalization
$65.34 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$2.17

FTC Solar MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
314.5% Upside
$2.17 Price Target
Short Interest
Healthy
12.41% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.16mentions of FTC Solar in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$20,364 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.39) to ($0.18) 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.

3.84 out of 5 stars

Oils/Energy Sector

74th out of 241 stocks

Semiconductors & Related Devices Industry

29th out of 88 stocks


FTCI stock logo

About FTC Solar Stock (NASDAQ:FTCI)

FTC Solar, Inc. provides solar tracker systems, software, and engineering services in the United States and internationally. It offers two-panel in-portrait single-axis tracker solutions under the Voyager brand name. The company also provides Pioneer, a one module-in-portrait solar tracker solution that allows for a pile count reduction per megawatt. Its customers include project developers; solar asset owners; and engineering, procurement, and construction contractors that design and build solar energy projects. FTC Solar, Inc. was incorporated in 2017 and is headquartered in Austin, Texas.

FTCI Stock Price History

FTCI Stock News Headlines

Cathy Behnen Appointed FTC Solar Chief Financial Officer
Gold Could Be Heading for Record Highs - But How to Play It?
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
Gold Could Be Heading for Record Highs - But How to Play It?
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
FTC Solar Shares Hit All-Time Low on Exit of CEO, CFO
FTC Solar to Parts Ways with CEO, CFO
FTC Solar Inc FTCI
FTC Solar Awarded 225MW Sandhills Energy Solar Project
FTC Solar CFO buys shares worth about $101k - filing
10% Owner Family Arc Sells 100,000 Shares of FTC Solar Inc
FTC Solar VP Trades $67K In Company Stock
See More Headlines
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Company Calendar

Last Earnings
11/10/2021
Today
2/22/2024
Next Earnings (Estimated)
2/27/2024
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
221
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$2.17
High Stock Price Target
$3.50
Low Stock Price Target
$1.00
Potential Upside/Downside
+314.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$-99,610,000.00
Pretax Margin
-45.39%

Debt

Sales & Book Value

Annual Sales
$123.07 million
Book Value
$0.64 per share

Miscellaneous

Free Float
87,879,000
Market Cap
$65.34 million
Optionable
Optionable
Beta
1.59
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FTCI Stock Analysis - Frequently Asked Questions

Should I buy or sell FTC Solar stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for FTC Solar in the last year. There are currently 3 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" FTCI shares.
View FTCI analyst ratings
or view top-rated stocks.

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

6 brokers have issued 12 month target prices for FTC Solar's stock. Their FTCI share price targets range from $1.00 to $3.50. On average, they anticipate the company's share price to reach $2.17 in the next twelve months. This suggests a possible upside of 314.5% 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 at the start of the year. Since then, FTCI shares have decreased by 24.6% and is now trading at $0.5227.
View the best growth stocks for 2024 here
.

Are investors shorting FTC Solar?

FTC Solar saw a drop in short interest during the month of January. As of January 31st, there was short interest totaling 6,860,000 shares, a drop of 20.1% from the January 15th total of 8,590,000 shares. Based on an average daily trading volume, of 1,980,000 shares, the days-to-cover ratio is presently 3.5 days. Currently, 12.4% of the company's shares are short sold.
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 Tuesday, February 27th 2024.
View our FTCI earnings forecast
.

How were FTC Solar's earnings last quarter?

FTC Solar, Inc. (NASDAQ:FTCI) released its quarterly earnings data on Wednesday, November, 10th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.20) by $0.03. The business had revenue of $52.99 million for the quarter, compared to analyst estimates of $60.83 million. FTC Solar had a negative trailing twelve-month return on equity of 69.57% and a negative net margin of 45.85%.

What ETFs hold FTC Solar's stock?

ETFs with the largest weight of FTC Solar (NASDAQ:FTCI) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX), Invesco WilderHill Clean Energy ETF (PBW) and Invesco Raymond James SB-1 Equity ETF (RYJ).Global X Solar ETF (RAYS).

When did FTC Solar IPO?

(FTCI) raised $350 million in an initial public offering 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.

Who are FTC Solar's major shareholders?

FTC Solar's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (2.32%), Rock Point Advisors LLC (0.95%), Point72 Asset Management L.P. (0.82%), GSA Capital Partners LLP (0.59%), Goldman Sachs Group Inc. (0.58%) and Charles Schwab Investment Management Inc. (0.35%). 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 2/22/2024 by MarketBeat.com Staff