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NASDAQ:FTCI

FTC Solar (FTCI) Stock Price, News & Analysis

$0.52
+0.06 (+14.24%)
(As of 12:08 PM ET)
Today's Range
$0.48
$0.54
50-Day Range
$0.45
$0.74
52-Week Range
$0.28
$3.87
Volume
240,919 shs
Average Volume
637,821 shs
Market Capitalization
$64.40 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
322.7% Upside
$2.17 Price Target
Short Interest
Bearish
14.73% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.94mentions 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.

3.03 out of 5 stars

Oils/Energy Sector

135th out of 244 stocks

Semiconductors & Related Devices Industry

41st out of 89 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
Game-Changing Cancer Tech Nears FDA Completion
In the world of tech advancements, a new player could outshine even AI. It's a revolutionary technology with the aim of transforming cancer detection. Imagine the leap from basic reading glasses to cutting-edge VR; that's the scale of innovation we're talking about. FDA review is in its final stages and it could become the gold standard before we know it.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
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
2/29/2024
Next Earnings (Confirmed)
3/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Solar
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
+380.4%
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
$56.38 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 research analysts have issued "buy," "hold," and "sell" ratings for FTC Solar in the last twelve months. There are currently 3 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 target for 2024?

6 analysts have issued twelve-month price targets for FTC Solar's shares. 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 322.7% 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 beginning of 2024. Since then, FTCI shares have decreased by 26.0% and is now trading at $0.5126.
View the best growth stocks for 2024 here
.

Are investors shorting FTC Solar?

FTC Solar saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 8,210,000 shares, an increase of 19.7% from the January 31st total of 6,860,000 shares. Based on an average trading volume of 1,030,000 shares, the days-to-cover ratio is presently 8.0 days. Approximately 14.7% of the company's stock 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, March 13th 2024.
View our FTCI earnings forecast
.

How can I listen to FTC Solar's earnings call?

FTC Solar will be holding an earnings conference call on Wednesday, March 13th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were FTC Solar's earnings last quarter?

FTC Solar, Inc. (NASDAQ:FTCI) issued its quarterly earnings results on Wednesday, November, 10th. The company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.03. The company earned $52.99 million during the quarter, compared to analysts' expectations 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 $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 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 2/29/2024 by MarketBeat.com Staff