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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
0.94mentions of FTC Solar in the last 14 days
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


FTCI stock logo

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

FTCI Stock News Headlines

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
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
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
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
FTC Solar Shares Hit All-Time Low on Exit of CEO, CFO
FTC Solar to Parts Ways with CEO, CFO
FTC Solar Inc FTCI
FTC Solar Awarded 225MW Sandhills Energy Solar Project
FTC Solar CFO buys shares worth about $101k - filing
10% Owner Family Arc Sells 100,000 Shares of FTC Solar Inc
FTC Solar VP Trades $67K In Company Stock
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

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:FTCI
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

Net Income
$-99,610,000.00
Pretax Margin
-45.39%

Debt

Sales & Book Value

Annual Sales
$123.07 million
Book Value
$0.59 per share

Miscellaneous

Free Float
87,879,000
Market Cap
$81.01 million
Optionable
Not Optionable
Beta
2.14
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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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