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AMC   7.68 (+0.79%)
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PYPL   57.43 (-0.78%)
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NASDAQ:FTCI

FTC Solar (FTCI) Stock Forecast, Price & News

$1.38
-0.01 (-0.72%)
(As of 09:04 AM ET)
Compare
Today's Range
$1.38
▼
$1.38
50-Day Range
$1.32
▼
$3.80
52-Week Range
$1.27
▼
$3.87
Volume
342 shs
Average Volume
1.58 million shs
Market Capitalization
$162.99 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.93
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media

FTC Solar MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
186.8% Upside
$3.93 Price Target
Short Interest
Healthy
15.33% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.07mentions of FTC Solar in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$4.32 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.36) to ($0.12) Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.46 out of 5 stars

Oils/Energy Sector

79th out of 245 stocks

Semiconductors & Related Devices Industry

33rd out of 87 stocks

See Top Rated MarketRank™ Stocks Here

FTCI stock logo

About FTC Solar (NASDAQ:FTCI) Stock

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 Price History

FTCI Stock News Headlines

September 20, 2023 | americanbankingnews.com
Investors Purchase High Volume of Call Options on FTC Solar (NASDAQ:FTCI)
September 20, 2023 | seekingalpha.com
FTC Solar CFO buys shares worth about $101k - filing
September 25, 2023 | Edge On The Street (Ad)
An Unusual Way to Invest in Gold
Most financial experts recommend including gold in your investment mix to protect against rising prices and keep wealth secure. Investors are discovering a little-known way to benefit from gold, which offers the chance to gain from higher gold prices and mining successes while avoiding the costs of operating mines.
September 15, 2023 | finance.yahoo.com
Director William Priddy Acquires 17,000 Shares of FTC Solar Inc
September 14, 2023 | finance.yahoo.com
10% Owner Family Arc Sells 100,000 Shares of FTC Solar Inc
September 13, 2023 | benzinga.com
FTC Solar VP Trades $67K In Company Stock
September 8, 2023 | msn.com
FTC Solar drops as 10% owner ARC Family Trust sells $87,000 worth of stock
August 31, 2023 | msn.com
FTC Solar Launches New Software To Boost Solar Plant Efficiency
September 25, 2023 | Edge On The Street (Ad)
An Unusual Way to Invest in Gold
Most financial experts recommend including gold in your investment mix to protect against rising prices and keep wealth secure. Investors are discovering a little-known way to benefit from gold, which offers the chance to gain from higher gold prices and mining successes while avoiding the costs of operating mines.
August 31, 2023 | finance.yahoo.com
FTC Solar Unveils Tracker-Agnostic SUNOPS Software to Enhance Solar Plant Performance
August 9, 2023 | finanznachrichten.de
FTC Solar, Inc: FTC Solar and Cat Creek Energy Announce 1-Gigawatt Tracker Agreement to Supply Landmark Renewables Project
August 9, 2023 | finanznachrichten.de
FTC Solar, Inc: FTC Solar Announces 300MW Tracker Agreement in Spain and Italy to Include Utility-Scale Agrivoltaic Projects
August 9, 2023 | markets.businessinsider.com
Why Is FTC Solar Stock Slumping Today
August 9, 2023 | finance.yahoo.com
FTC Solar (FTCI) Reports Q2 Loss, Misses Revenue Estimates
August 9, 2023 | finance.yahoo.com
FTC Solar Announces Second Quarter 2023 Financial Results
August 9, 2023 | finance.yahoo.com
FTC Solar Announces 300MW Tracker Agreement in Spain and Italy to Include Utility-Scale Agrivoltaic Projects
August 9, 2023 | finance.yahoo.com
FTC Solar and Cat Creek Energy Announce 1-Gigawatt Tracker Agreement to Supply Landmark Renewables Project
August 8, 2023 | markets.businessinsider.com
FTC Solar earnings preview: what Wall Street is expecting
July 28, 2023 | finance.yahoo.com
FTC Solar to Announce Second Quarter Financial Results Wednesday, August 9, 2023
July 21, 2023 | msn.com
24 Stocks That Benefit From the Clean Energy Law. It Just Turned a Year Old.
July 18, 2023 | msn.com
FTC Solar: Outlook Improves As Margins Expand
July 10, 2023 | finance.yahoo.com
Despite recent sales, FTC Solar, Inc. (NASDAQ:FTCI) insiders still hold the largest share with a 37% interest
July 6, 2023 | finance.yahoo.com
FTC Solar Appoints Tony Alvarez as Board Observer
June 16, 2023 | fool.com
FTC Solar (NASDAQ: FTCI)
June 12, 2023 | finance.yahoo.com
FTC Solar, Inc. (NASDAQ:FTCI): Is Breakeven Near?
May 16, 2023 | finance.yahoo.com
FTC Solar (NASDAQ:FTCI) rallies 29% this week, taking one-year gains to 15%
May 12, 2023 | msn.com
HC Wainwright & Co. Reiterates FTC Solar (FTCI) Buy Recommendation
See More Headlines
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FTCI Company Calendar

Last Earnings
8/09/2023
Today
9/24/2023
Next Earnings (Estimated)
11/08/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Semiconductors & related devices
Sub-Industry
N/A
Sector
Oils/Energy
Current Symbol
NASDAQ:FTCI
CUSIP
N/A
CIK
1828161
Web
www.ftcsolar.com
Phone
737-787-7906
Fax
N/A
Employees
221
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$3.93
High Stock Price Forecast
$6.00
Low Stock Price Forecast
$2.50
Forecasted Upside/Downside
+182.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.65)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-99,610,000.00
Net Margins
-58.87%
Pretax Margin
-58.63%
Return on Equity
-86.64%
Return on Assets
-45.79%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
2.35
Quick Ratio
2.24

Sales & Book Value

Annual Sales
$123.07 million
Price / Sales
1.33
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$0.64 per share
Price / Book
2.17

Miscellaneous

Outstanding Shares
118,110,000
Free Float
83,031,000
Market Cap
$164.17 million
Optionable
Not Optionable
Beta
2.00
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Key Executives

  • Mr. Sean HunklerMr. Sean Hunkler (Age 61)
    Pres, CEO & Director
    Comp: $847k
  • Mr. Deepak Navnith (Age 48)
    Exec. Officer
  • Mr. R. Phelps Morris (Age 49)
    Chief Financial Officer
    Comp: $119.28k
  • Mr. Patrick M. Cook (Age 39)
    Chief Commercial Officer
    Comp: $263.87k
  • Mr. Sasan Aminpour (Age 59)
    Chief Operating Officer
  • Ms. Cathy Behnen CPAMs. Cathy Behnen CPA
    Chief Accounting Officer
  • Mr. Nagendra CherukupalliMr. Nagendra Cherukupalli (Age 63)
    Chief Technology Officer
  • Mr. Bill Michalek
    VP of Investor Relations
  • Jacob D. Wolf Esq.
    Gen. Counsel & Sec.
  • Mr. Dale Herron
    Chief HR Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













FTCI Stock - Frequently Asked Questions

Should I buy or sell FTC Solar stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for FTC Solar in the last twelve months. There are currently 2 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research 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 forecast for 2023?

5 Wall Street analysts have issued twelve-month target prices for FTC Solar's stock. Their FTCI share price forecasts range from $2.50 to $6.00. On average, they expect the company's stock price to reach $3.93 in the next year. This suggests a possible upside of 182.6% 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 2023?

FTC Solar's stock was trading at $2.68 at the start of the year. Since then, FTCI stock has decreased by 48.1% and is now trading at $1.39.
View the best growth stocks for 2023 here.

Are investors shorting FTC Solar?

FTC Solar saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 7,010,000 shares, a decline of 15.4% from the August 15th total of 8,290,000 shares. Based on an average trading volume of 1,880,000 shares, the days-to-cover ratio is presently 3.7 days. Currently, 15.3% 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, November 8th 2023.
View our FTCI earnings forecast.

How were FTC Solar's earnings last quarter?

FTC Solar, Inc. (NASDAQ:FTCI) released its earnings results on Wednesday, August, 9th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. The business earned $32.36 million during the quarter, compared to analyst estimates of $47.82 million. FTC Solar had a negative trailing twelve-month return on equity of 86.64% and a negative net margin of 58.87%.

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).

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

FTC Solar updated its third quarter 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $24.00 million-$34.00 million, compared to the consensus revenue estimate of $73.98 million.

When did FTC Solar IPO?

(FTCI) raised $350 million in an 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.

What is FTC Solar's stock symbol?

FTC Solar trades on the NASDAQ under the ticker symbol "FTCI."

Who are FTC Solar's major shareholders?

FTC Solar's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (3.24%), Point72 Asset Management L.P. (1.85%), State Street Corp (1.17%), CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT (0.98%), Geode Capital Management LLC (0.94%) and Goldman Sachs Group Inc. (0.85%). Insiders that own company stock include 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is FTC Solar's stock price today?

One share of FTCI stock can currently be purchased for approximately $1.39.

How much money does FTC Solar make?

FTC Solar (NASDAQ:FTCI) has a market capitalization of $164.17 million and generates $123.07 million in revenue each year. The company earns $-99,610,000.00 in net income (profit) each year or ($0.65) on an earnings per share basis.

How many employees does FTC Solar have?

The company employs 221 workers across the globe.

How can I contact FTC Solar?

The official website for the company is www.ftcsolar.com. The company can be reached via phone at 737-787-7906 or via email at ir@ftcsolar.com.

This page (NASDAQ:FTCI) was last updated on 9/25/2023 by MarketBeat.com Staff

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