NASDAQ:FTCI

FTC Solar (FTCI) Stock Price, News & Analysis

$0.45
+0.04 (+9.70%)
(As of 04/24/2024 ET)
Today's Range
$0.41
$0.47
50-Day Range
$0.38
$0.64
52-Week Range
$0.28
$3.87
Volume
422,665 shs
Average Volume
706,212 shs
Market Capitalization
$56.55 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$1.49

FTC Solar MarketRank™ Stock Analysis

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
229.7% Upside
$1.49 Price Target
Short Interest
Bearish
15.58% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$200,436 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.26) to ($0.15) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.62 out of 5 stars

Oils/Energy Sector

188th out of 234 stocks

Semiconductors & Related Devices Industry

69th out of 84 stocks

FTCI stock logo

About FTC Solar Stock (NASDAQ:FTCI)

FTC Solar, Inc. engages in the provision of solar tracker systems, software, and engineering services in the United States, Asia, Europe, the Middle East, North Africa, South Africa, and Australia. The company offers a self-powered, two-panel in-portrait, and single-axis tracker solution under the Voyager brand name; and a one module-in-portrait solar tracker solution under the Pioneer brand name. Its customers include project developers and solar asset owners, as well as engineering, procurement, and construction contractors that design and build solar energy projects. The company was incorporated in 2017 and is headquartered in Austin, Texas.

FTCI Stock Price History

FTCI Stock News Headlines

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FTC Solar Full Year 2023 Earnings: EPS Beats Expectations
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CSIQ Mar 2024 18.500 call
FTC Solar to Present at Roth Conference March 18, 2024
FTC Solar Q4 2023 Earnings Preview
Earnings Outlook For FTC Solar
FTC Solar Inc (FTCI)
Cathy Behnen Appointed FTC Solar Chief Financial Officer
See More Headlines
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Company Calendar

Last Earnings
3/13/2024
Today
4/24/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:FTCI
Fax
N/A
Employees
213
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$1.49
High Stock Price Target
$2.50
Low Stock Price Target
$0.45
Potential Upside/Downside
+229.7%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$-50,290,000.00
Pretax Margin
-39.86%

Debt

Sales & Book Value

Annual Sales
$127 million
Book Value
$0.50 per share

Miscellaneous

Free Float
87,879,000
Market Cap
$56.55 million
Optionable
Optionable
Beta
1.62
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FTCI Stock Analysis - Frequently Asked Questions

Should I buy or sell FTC Solar stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for FTC Solar in the last twelve months. There are currently 5 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" FTCI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FTCI, but not buy additional shares or sell existing shares.
View FTCI analyst ratings
or view top-rated stocks.

What is FTC Solar's stock price target for 2024?

7 brokers have issued 1 year price targets for FTC Solar's shares. Their FTCI share price targets range from $0.45 to $2.50. On average, they anticipate the company's share price to reach $1.49 in the next twelve months. This suggests a possible upside of 229.7% 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 2024?

FTC Solar's stock was trading at $0.6928 at the beginning of 2024. Since then, FTCI stock has decreased by 34.7% and is now trading at $0.4524.
View the best growth stocks for 2024 here
.

When is FTC Solar's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our FTCI earnings forecast
.

How were FTC Solar's earnings last quarter?

FTC Solar, Inc. (NASDAQ:FTCI) posted its quarterly earnings data on Wednesday, March, 13th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.01. The company earned $23.20 million during the quarter, compared to analysts' expectations of $22.80 million. FTC Solar had a negative net margin of 39.60% and a negative trailing twelve-month return on equity of 59.79%. During the same quarter in the prior year, the firm earned ($0.16) EPS.

What ETF holds FTC Solar's stock?

USCF Sustainable Commodity Strategy Fund holds 6,400 shares of FTCI stock, representing 0.13% of its portfolio.

What guidance has FTC Solar issued on next quarter's earnings?

FTC Solar updated its first quarter 2024 earnings guidance on Wednesday, March, 13th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $10.0 million-$15.0 million, compared to the consensus revenue estimate of $43.0 million.

When did FTC Solar IPO?

FTC Solar (FTCI) raised $350 million in an 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.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:FTCI) was last updated on 4/24/2024 by MarketBeat.com Staff

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