FTC Solar (FTCI) Stock Forecast, Price & News

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.
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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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our FTCI earnings forecast.

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%.

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).

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.

(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.

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

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.
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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.
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One share of FTCI stock can currently be purchased for approximately $2.74.

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.

The company employs 221 workers across the globe.

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.