FTC Solar - FTCI Stock Forecast, Price & News

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

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%.

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.

(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.

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

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.
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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 $2.91.

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.

The company employs 223 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.