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NASDAQ:FTCI

FTC Solar - FTCI Stock Forecast, Price & News

$2.90
+0.09 (+3.20%)
(As of 02/6/2023 12:00 AM ET)
Add
Compare
Today's Range
$2.79
$3.01
50-Day Range
$1.96
$3.15
52-Week Range
$1.78
$6.82
Volume
1.00 million shs
Average Volume
1.18 million shs
Market Capitalization
$299.54 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.31

FTC Solar MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
83.2% Upside
$5.31 Price Target
Short Interest
Bearish
17.73% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.51mentions of FTC Solar in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$2.09 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.91) to ($0.43) Per Share

Overall MarketRank

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

1.92 out of 5 stars

Oils/Energy Sector

171st out of 237 stocks

Semiconductors & Related Devices Industry

58th out of 89 stocks

FTCI stock logo

About FTC Solar (NASDAQ:FTCI) Stock

FTC Solar, Inc. provides solar tracker systems, technology, software, and engineering services in the United States, Vietnam, and internationally. It offers two-panel in-portrait single-axis tracker solutions under the Voyager brand name. The company also provides SunPath, a software solution to enhance energy production; Atlas, a web-based enterprise-level database that allows users to manage their project portfolio; and SunDAT, a software solution enables automated design and optimization of solar panel systems across residential, commercial, and utility-scale sites. 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.

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FTCI Stock News Headlines

A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
FTC Solar Announces Board Transition
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
FTC Solar Third Quarter 2022 Earnings: Misses Expectations
FTC Solar, Inc. (FTCI) Q3 2022 Earnings Call Transcript
FTC Solar Announces Third Quarter 2022 Financial Results
FTC Solar: No Sunshine Here
FTCI FTC Solar, Inc.
See More Headlines
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FTCI Company Calendar

Last Earnings
11/09/2022
Today
2/06/2023
Next Earnings (Estimated)
3/21/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:FTCI
Phone
N/A
Fax
N/A
Employees
223
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$5.31
High Stock Price Forecast
$8.00
Low Stock Price Forecast
$2.50
Forecasted Upside/Downside
+83.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$-106,590,000.00
Pretax Margin
-51.85%

Debt

Sales & Book Value

Annual Sales
$270.52 million
Book Value
$1.68 per share

Miscellaneous

Free Float
57,736,000
Market Cap
$299.54 million
Optionable
Not Optionable
Beta
1.92

Key Executives

  • Mr. Sean  HunklerMr. Sean Hunkler (Age 60)
    Pres, CEO & Director
    Comp: $433.33k
  • Mr. Deepak Navnith (Age 47)
    Exec. Officer
    Comp: $276.1k
  • Mr. R. Phelps Morris (Age 48)
    Chief Financial Officer
  • Ms. Cathy  BehnenMs. Cathy Behnen
    Chief Accounting Officer
  • Mr. Nagendra  CherukupalliMr. Nagendra Cherukupalli (Age 62)
    Chief Technology Officer
  • Mr. Bill Michalek
    VP of Investor Relations
  • Jacob D. Wolf Esq.
    Gen. Counsel & Sec.
  • Mr. Kristian  NoldeMr. Kristian Nolde (Age 44)
    VP of Marketing & Strategy
  • Ms. Giselle Phan
    Chief People Officer
  • Mr. Patrick M. Cook (Age 38)
    Chief Commercial Officer













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 year. There are currently 1 sell rating, 1 hold rating, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FTCI shares.
View FTCI analyst ratings
or view top-rated stocks.

What is FTC Solar's stock price forecast for 2023?

5 analysts have issued 12 month price targets for FTC Solar's shares. Their FTCI share price forecasts range from $2.50 to $8.00. On average, they expect the company's share price to reach $5.31 in the next year. This suggests a possible upside of 82.6% 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 beginning of the year. Since then, FTCI stock has increased by 8.6% and is now trading at $2.91.
View the best growth stocks for 2023 here
.

When is FTC Solar's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 21st 2023.
View our FTCI earnings forecast
.

How were FTC Solar's earnings last quarter?

FTC Solar, Inc. (NASDAQ:FTCI) posted its quarterly earnings results on Wednesday, November, 9th. The company reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.22) by $0.02. The business earned $16.57 million during the quarter, compared to the consensus estimate of $17.28 million. FTC Solar had a negative net margin of 51.87% and a negative trailing twelve-month return on equity of 81.67%.

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

FTC Solar updated its fourth quarter 2022 earnings guidance on Friday, December, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $23.00 million-$27.00 million, compared to the consensus revenue estimate of $78.35 million.

When did FTC Solar IPO?

(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 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.

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 many different institutional and retail investors. Top institutional investors include ARS Investment Partners LLC (0.11%), Activest Wealth Management (0.02%), Aspiriant LLC (0.01%), Simplex Trading LLC (0.00%) and Concourse Financial Group Securities Inc. (0.00%). 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, Sean Hunkler, South Cone Investments Limited, 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 $2.91.

How much money does FTC Solar make?

FTC Solar (NASDAQ:FTCI) has a market capitalization of $300.57 million and generates $270.52 million in revenue each year. The company earns $-106,590,000.00 in net income (profit) each year or ($1.04) on an earnings per share basis.

How many employees does FTC Solar have?

The company employs 223 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 2/6/2023 by MarketBeat.com Staff