NASDAQ:FTCI FTC Solar (FTCI) Stock Forecast, Price & News $2.70 -0.04 (-1.46%) (As of 01:21 PM ET) Add Compare Share Share Today's Range$2.69▼$2.7850-Day Range$2.10▼$3.4152-Week Range$1.78▼$6.06Volume457,828 shsAverage Volume1.32 million shsMarket Capitalization$301.56 millionP/E RatioN/ADividend YieldN/APrice Target$4.14 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media FTC Solar MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside52.9% Upside$4.14 Price TargetShort InterestBearish18.10% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingSelling Shares$930,336 Sold Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.87 out of 5 starsOils/Energy Sector180th out of 245 stocksSemiconductors & Related Devices Industry57th out of 88 stocks 3.5 Analyst's Opinion Consensus RatingFTC Solar has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $4.14, FTC Solar has a forecasted upside of 52.9% from its current price of $2.71.Amount of Analyst CoverageFTC Solar has only been the subject of 3 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted18.10% of the float of FTC Solar has been sold short.Short Interest Ratio / Days to CoverFTC Solar has a short interest ratio ("days to cover") of 5.1.Change versus previous monthShort interest in FTC Solar has recently increased by 7.95%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldFTC Solar does not currently pay a dividend.Dividend GrowthFTC Solar does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for FTCI. Previous Next 2.0 News and Social Media Coverage News SentimentFTC Solar has a news sentiment score of 0.66. 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 news sentiment score is similar to the average news sentiment of Oils/Energy companies.Search InterestOnly 3 people have searched for FTCI on MarketBeat in the last 30 days. This is a decrease of -82% compared to the previous 30 days.MarketBeat Follows4 people have added FTC Solar to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, FTC Solar insiders have sold 83.93% more of their company's stock than they have bought. Specifically, they have bought $505,803.00 in company stock and sold $930,336.00 in company stock.Percentage Held by Insiders29.70% 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 InstitutionsOnly 28.59% of the stock of FTC Solar is held by institutions. Previous Next 0.0 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of FTC Solar is -3.30, 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. SectorThe P/E ratio of FTC Solar is -3.30, 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 RatioFTC Solar has a P/B Ratio of 4.23. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About FTC Solar (NASDAQ:FTCI) StockFTC 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.Read More Receive FTCI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for FTC Solar and its competitors with MarketBeat's FREE daily newsletter. Email Address FTCI Stock News HeadlinesJune 1, 2023 | americanbankingnews.comFTC Solar, Inc. (NASDAQ:FTCI) Short Interest Up 8.0% in MayMay 26, 2023 | americanbankingnews.comAnalyzing SolarEdge Technologies (NASDAQ:SEDG) and FTC Solar (NASDAQ:FTCI)June 8, 2023 | Edge On The Street (Ad)The Real Problem With "Made in America" LithiumPoliticians love to say they support "Made in America" when it comes to manufacturing. But when it comes to lithium - the metal fueling our transition to electric vehicles - it's not that simple. May 20, 2023 | americanbankingnews.comFTC Solar, Inc. (NASDAQ:FTCI) CTO Nagendra Cherukupalli Sells 137,820 SharesMay 19, 2023 | americanbankingnews.comInsider Selling: FTC Solar, Inc. (NASDAQ:FTCI) Director Sells 22,000 Shares of StockMay 19, 2023 | americanbankingnews.comSolarEdge Technologies (NASDAQ:SEDG) and FTC Solar (NASDAQ:FTCI) Critical ComparisonMay 16, 2023 | finance.yahoo.comFTC Solar (NASDAQ:FTCI) rallies 29% this week, taking one-year gains to 15%May 12, 2023 | msn.comHC Wainwright & Co. Reiterates FTC Solar (FTCI) Buy RecommendationJune 8, 2023 | Edge On The Street (Ad)The Real Problem With "Made in America" LithiumPoliticians love to say they support "Made in America" when it comes to manufacturing. But when it comes to lithium - the metal fueling our transition to electric vehicles - it's not that simple. May 11, 2023 | seekingalpha.comFTC Solar GAAP EPS of -$0.11 beats by $0.04, revenue of $40.89M beats by $2.43MMay 11, 2023 | msn.comRecap: FTC Solar Q1 EarningsMay 11, 2023 | finance.yahoo.comFTC Solar, Inc. (NASDAQ:FTCI) Q1 2023 Earnings Call TranscriptMay 11, 2023 | markets.businessinsider.comFTC Solar (FTCI) Receives a Rating Update from a Top AnalystMay 11, 2023 | americanbankingnews.comAnalysts Set FTC Solar, Inc. (NASDAQ:FTCI) Target Price at $4.56May 10, 2023 | finanznachrichten.deFTC Solar, Inc: FTC Solar Announces First Quarter 2023 Financial ResultsMay 10, 2023 | finance.yahoo.comFTC Solar Announces First Quarter 2023 Financial ResultsMay 10, 2023 | finance.yahoo.comFTC Solar (FTCI) Reports Q1 Loss, Tops Revenue EstimatesApril 27, 2023 | finance.yahoo.comFTC Solar to Announce First Quarter Financial Results Wednesday, May 10, 2023April 20, 2023 | americanbankingnews.comFTC Solar, Inc. (NASDAQ:FTCI) CEO Sells $17,619.25 in StockApril 20, 2023 | americanbankingnews.comAnalysts Set FTC Solar, Inc. (NASDAQ:FTCI) PT at $4.56April 17, 2023 | finance.yahoo.comAfter Leaping 34% FTC Solar, Inc. (NASDAQ:FTCI) Shares Are Not Flying Under The RadarApril 14, 2023 | msn.comHC Wainwright & Co. Initiates Coverage of FTC Solar (FTCI) with Buy RecommendationApril 14, 2023 | americanbankingnews.comFTC Solar (NASDAQ:FTCI) Now Covered by Analysts at HC WainwrightApril 13, 2023 | msn.comFTC Solar started at Buy at Wainwright as executing turnaroundApril 13, 2023 | finance.yahoo.comIs FTC Solar (FTCI) Outperforming Other Oils-Energy Stocks This Year?April 8, 2023 | americanbankingnews.comFTC Solar, Inc. (NASDAQ:FTCI) Director Buys $303,383.80 in StockApril 7, 2023 | americanbankingnews.comRaymond James Cuts FTC Solar (NASDAQ:FTCI) Price Target to $4.00See More Headlines FTCI Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart FTCI Company Calendar Last Earnings5/10/2023Today6/08/2023Next Earnings (Estimated)8/08/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Semiconductors & related devices Sub-IndustryN/A SectorOils/Energy Current SymbolNASDAQ:FTCI CUSIPN/A CIK1828161 Webwww.ftcsolar.com Phone737-787-7906FaxN/AEmployees221Year FoundedN/APrice Target and Rating Average Stock Price Forecast$4.14 High Stock Price Forecast$6.00 Low Stock Price Forecast$2.50 Forecasted Upside/Downside+51.2%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($0.82) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-99,610,000.00 Net Margins-73.06% Pretax Margin-72.63% Return on Equity-94.60% Return on Assets-49.25% Debt Debt-to-Equity RatioN/A Current Ratio1.92 Quick Ratio1.78 Sales & Book Value Annual Sales$123.07 million Price / Sales2.49 Cash FlowN/A Price / Cash FlowN/A Book Value$0.64 per share Price / Book4.28Miscellaneous Outstanding Shares111,690,000Free Float78,522,000Market Cap$306.03 million OptionableNot Optionable Beta1.74 Key ExecutivesMr. Sean Hunkler (Age 61)Pres, CEO & Director Comp: $847kMr. Deepak Navnith (Age 48)Exec. Officer Mr. R. Phelps Morris (Age 49)Chief Financial Officer Comp: $119.28kMr. Patrick M. Cook (Age 39)Chief Commercial Officer Comp: $263.87kMr. Sasan Aminpour (Age 59)Chief Operating Officer Ms. Cathy Behnen CPAChief Accounting OfficerMr. Nagendra Cherukupalli (Age 63)Chief Technology Officer Mr. Bill MichalekVP of Investor RelationsJacob D. Wolf Esq.Gen. Counsel & Sec.Mr. Dale HerronChief HR OfficerMore ExecutivesKey CompetitorsBigBear.aiNYSE:BBAIInnodataNASDAQ:INODDaktronicsNASDAQ:DAKTNextNavNASDAQ:NNVuzixNASDAQ:VUZIView All CompetitorsInsiders & InstitutionsPrelude Capital Management LLCBought 80,084 shares on 6/1/2023Ownership: 0.123%JPMorgan Chase & Co.Sold 219,166 shares on 5/18/2023Ownership: 0.029%Geode Capital Management LLCBought 32,019 shares on 5/16/2023Ownership: 0.676%First Trust Advisors LPSold 8,634 shares on 5/16/2023Ownership: 0.576%Squarepoint Ops LLCBought 26,625 shares on 5/16/2023Ownership: 0.035%View All Insider TransactionsView All Institutional Transactions FTCI Stock - Frequently Asked Questions Should I buy or sell FTC Solar stock right now? 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for FTC Solar in the last year. There are currently 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? 4 brokerages have issued 1-year target prices for FTC Solar's shares. Their FTCI share price forecasts range from $2.50 to $6.00. On average, they expect the company's share price to reach $4.14 in the next year. This suggests a possible upside of 51.2% 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 increased by 2.2% and is now trading at $2.74. View the best growth stocks for 2023 here. Are investors shorting FTC Solar? FTC Solar saw a increase in short interest in May. As of May 15th, there was short interest totaling 7,060,000 shares, an increase of 8.0% from the April 30th total of 6,540,000 shares. Based on an average daily trading volume, of 1,390,000 shares, the days-to-cover ratio is presently 5.1 days. Currently, 18.1% of the company's stock 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, August 8th 2023. 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, May, 10th. The company reported ($0.11) EPS for the quarter, topping analysts' consensus estimates of ($0.14) by $0.03. The company earned $40.89 million during the quarter, compared to the consensus estimate of $38.52 million. FTC Solar had a negative net margin of 73.06% and a negative trailing twelve-month return on equity of 94.60%. What ETFs hold FTC Solar's stock? ETFs with the largest weight of FTC Solar (NASDAQ:FTCI) stock in their portfolio include Invesco WilderHill Clean Energy ETF (PBW), Invesco Raymond James SB-1 Equity ETF (RYJ), Global X Solar ETF (RAYS), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), iShares Global Clean Energy ETF (ICLN), Carbon Collective Climate Solutions U.S. Equity ETF (CCSO). What guidance has FTC Solar issued on next quarter's earnings? FTC Solar issued an update on its second quarter 2023 earnings guidance on Friday, May, 12th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $42.50 million-$52.50 million, compared to the consensus revenue estimate of $50.08 million. 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 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (3.60%), Handelsbanken Fonder AB (2.53%), Rock Point Advisors LLC (1.08%), State Street Corp (0.72%), KBC Group NV (0.70%) and Geode Capital Management LLC (0.68%). 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 $2.74. How much money does FTC Solar make? FTC Solar (NASDAQ:FTCI) has a market capitalization of $306.03 million and generates $123.07 million in revenue each year. The company earns $-99,610,000.00 in net income (profit) each year or ($0.82) 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. 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