Should I buy or sell FTC Solar stock right now?

6 Wall Street equities research 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 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 target for 2024?

6 brokerages have issued 1 year price targets for FTC Solar's stock. Their FTCI share price targets range from $0.65 to $3.50. On average, they predict the company's share price to reach $2.11 in the next twelve months. This suggests a possible upside of 203.1% 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 shares have decreased by 74.0% and is now trading at $0.6955. 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, February 27th 2024. View our FTCI earnings forecast .

How were FTC Solar's earnings last quarter?

FTC Solar, Inc. (NASDAQ:FTCI) issued its earnings results on Wednesday, November, 10th. The company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.03. The company earned $52.99 million during the quarter, compared to the consensus estimate of $60.83 million. FTC Solar had a negative net margin of 45.85% and a negative trailing twelve-month return on equity of 69.57%.

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 (IPO) 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 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 number of institutional and retail investors. Top institutional shareholders include Electron Capital Partners LLC (3.44%), Invesco Ltd. (1.94%), Rock Point Advisors LLC (1.42%), CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT (0.96%), Maven Securities LTD (0.60%) and Ardsley Advisory Partners LP (0.50%). 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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

FTC Solar Stock Price, News & Analysis (NASDAQ:FTCI)

$0.74

+0.09 (+13.78%)

(As of 04:31 PM ET)

Compare

Today's Range: $0.64
▼
$0.75
50-Day Range: $0.42
▼
$1.46
52-Week Range: $0.28
▼
$3.87

Volume: 2.87 million shs
Average Volume: 1.79 million shs
Market Capitalization: $92.46 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $2.11

FTC Solar MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 203.1% Upside
$2.11 Price Target
Short Interest: Bearish
15.80% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.94
Based on 2 Articles This Week
Insider Trading: Selling Shares
$665,000 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.39) to ($0.16) Per Share

Overall MarketRank^™

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

2.21 out of 5 stars

Oils/Energy Sector

133rd out of 233 stocks

Semiconductors & Related Devices Industry

51st out of 87 stocks

3.3

Analyst's Opinion

Consensus Rating
FTC Solar has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $2.11, FTC Solar has a forecasted upside of 203.1% from its current price of $0.70.
Amount of Analyst Coverage
FTC Solar has only been the subject of 4 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
15.80% of the float of FTC Solar has been sold short.
Short Interest Ratio / Days to Cover
FTC Solar has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in FTC Solar has recently increased by 0.24%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
FTC Solar does not currently pay a dividend.
Dividend Growth
FTC Solar does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FTCI.

3.3

News and Social Media Coverage

News Sentiment
FTC Solar has a news sentiment score of 0.94. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for FTC Solar this week, compared to 1 article on an average week.
Search Interest
5 people have searched for FTCI on MarketBeat in the last 30 days.
MarketBeat Follows
Only 3 people have added FTC Solar to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, FTC Solar insiders have sold 131.20% more of their company's stock than they have bought. Specifically, they have bought $287,634.00 in company stock and sold $665,000.00 in company stock.
Percentage Held by Insiders
29.70% of the stock of FTC Solar is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 33.64% of the stock of FTC Solar is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for FTC Solar are expected to grow in the coming year, from ($0.39) to ($0.16) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of FTC Solar is -1.29, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of FTC Solar is -1.29, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
FTC Solar has a P/B Ratio of 1.18. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

FTCI Stock News Headlines

November 27, 2023 | americanbankingnews.com

FTC Solar (NASDAQ:FTCI) & Amkor Technology (NASDAQ:AMKR) Financial Survey

November 20, 2023 | americanbankingnews.com

Insider Buying: FTC Solar, Inc. (NASDAQ:FTCI) CFO Buys $52,000.00 in Stock

November 29, 2023 | Autonomix (Ad)

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Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com

November 13, 2023 | finance.yahoo.com

Downgrade: Here's How Analysts See FTC Solar, Inc. (NASDAQ:FTCI) Performing In The Near Term

November 9, 2023 | finance.yahoo.com

FTC Solar, Inc. (NASDAQ:FTCI) Q3 2023 Earnings Call Transcript

November 9, 2023 | finance.yahoo.com

FTC Solar, Inc.'s (NASDAQ:FTCI) Intrinsic Value Is Potentially 25% Below Its Share Price

November 8, 2023 | benzinga.com

Berman Tabacco Announces Investigation of FTC Solar, Inc. (FTCI) for Potential Securities Law Violations

November 8, 2023 | finanznachrichten.de

FTC Solar, Inc: FTC Solar Announces Third Quarter 2023 Financial Results and Leadership Transition

November 29, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

November 8, 2023 | marketwatch.com

FTC Solar Shares Hit All-Time Low on Exit of CEO, CFO

November 8, 2023 | markets.businessinsider.com

FTC Solar Stock Diving On CEO, CFO Departure & Weak Guidance: Here's Details

November 8, 2023 | marketwatch.com

FTC Solar to Parts Ways with CEO, CFO

November 8, 2023 | finance.yahoo.com

FTC Solar Announces Third Quarter 2023 Financial Results and Leadership Transition

November 3, 2023 | morningstar.com

FTC Solar Inc FTCI

October 25, 2023 | finance.yahoo.com

FTC Solar to Announce Third Quarter Financial Results Wednesday, November 8, 2023

October 12, 2023 | finance.yahoo.com

Strength Seen in Shoals Technologies (SHLS): Can Its 5.3% Jump Turn into More Strength?

October 4, 2023 | finance.yahoo.com

FTC Solar Awarded 225MW Sandhills Energy Solar Project

October 3, 2023 | finance.yahoo.com

FTC's Newly Released White Paper, Unveils the Game-Changing Benefits of a Proven Solution for Complex Subsurface Conditions

September 20, 2023 | seekingalpha.com

FTC Solar CFO buys shares worth about $101k - filing

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

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

See More Headlines

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Company Calendar

Last Earnings: 11/10/2021
Today: 11/29/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/27/2024

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 Target: $2.11
High Stock Price Target: $3.50
Low Stock Price Target: $0.65
Potential Upside/Downside: +225.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.54)
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: -45.85%
Pretax Margin: -45.39%
Return on Equity: -69.57%
Return on Assets: -36.64%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.18
Quick Ratio: 2.09

Sales & Book Value

Annual Sales: $123.07 million
Price / Sales: 0.66
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.59 per share
Price / Book: 1.10

Miscellaneous

Outstanding Shares: 125,010,000
Free Float: 87,879,000
Market Cap: $81.01 million
Optionable: Not Optionable
Beta: 2.14

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Key Executives

Mr. Patrick M. Cook (Age 39)
Chief Commercial Officer
Comp: $263.87k
Mr. Sean Hunkler (Age 61)
Advisor
Comp: $847k
Mr. Robert Phelps Morris (Age 49)
Advisor
Comp: $119.28k
Ms. Cathy Behnen CPA
Interim CFO & Chief Accounting Officer
Mr. Sasan Aminpour (Age 59)
Chief Operating Officer
Mr. Bill Michalek
Vice President of Investor Relations
Jacob D. Wolf Esq.
General Counsel & Secretary
Mr. Kristian Nolde (Age 45)
Vice President of Marketing & Strategy
Ms. Giselle Phan
Chief People Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FTCI Stock Analysis - Frequently Asked Questions

Should I buy or sell FTC Solar stock right now?: 6 Wall Street equities research 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 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 target for 2024?: 6 brokerages have issued 1 year price targets for FTC Solar's stock. Their FTCI share price targets range from $0.65 to $3.50. On average, they predict the company's share price to reach $2.11 in the next twelve months. This suggests a possible upside of 203.1% 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 shares have decreased by 74.0% and is now trading at $0.6955.
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, February 27th 2024.
View our FTCI earnings forecast.
How were FTC Solar's earnings last quarter?: FTC Solar, Inc. (NASDAQ:FTCI) issued its earnings results on Wednesday, November, 10th. The company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.03. The company earned $52.99 million during the quarter, compared to the consensus estimate of $60.83 million. FTC Solar had a negative net margin of 45.85% and a negative trailing twelve-month return on equity of 69.57%.

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 (IPO) 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 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 number of institutional and retail investors. Top institutional shareholders include Electron Capital Partners LLC (3.44%), Invesco Ltd. (1.94%), Rock Point Advisors LLC (1.42%), CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT (0.96%), Maven Securities LTD (0.60%) and Ardsley Advisory Partners LP (0.50%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:FTCI) was last updated on 11/29/2023 by MarketBeat.com Staff

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