FTC Solar (FTCI) & The Competition Financial Survey

FTC Solar (NASDAQ:FTCI – Get Rating) is one of 163 publicly-traded companies in the “Semiconductors & related devices” industry, but how does it weigh in compared to its competitors? We will compare FTC Solar to similar businesses based on the strength of its profitability, dividends, institutional ownership, analyst recommendations, earnings, risk and valuation.

Analyst Recommendations

This is a summary of recent recommendations and price targets for FTC Solar and its competitors, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
FTC Solar	2	1	5	1	2.56
FTC Solar Competitors	2295	9096	16539	684	2.55

FTC Solar currently has a consensus price target of $8.89, indicating a potential upside of 193.36%. As a group, “Semiconductors & related devices” companies have a potential upside of 44.05%. Given FTC Solar’s stronger consensus rating and higher possible upside, equities research analysts clearly believe FTC Solar is more favorable than its competitors.

Earnings & Valuation

This table compares FTC Solar and its competitors gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
FTC Solar	$270.52 million	-$106.59 million	-2.33
FTC Solar Competitors	$3.68 billion	$746.03 million	22.10

FTC Solar’s competitors have higher revenue and earnings than FTC Solar. FTC Solar is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares FTC Solar and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
FTC Solar	-40.69%	-53.89%	-33.19%
FTC Solar Competitors	-23.21%	2.02%	2.65%

Institutional & Insider Ownership

21.9% of FTC Solar shares are owned by institutional investors. Comparatively, 58.3% of shares of all “Semiconductors & related devices” companies are owned by institutional investors. 8.0% of shares of all “Semiconductors & related devices” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Summary

FTC Solar competitors beat FTC Solar on 9 of the 12 factors compared.

FTC Solar Company Profile (Get Rating)

FTC Solar, Inc. provides solar tracker systems, technology, software, and engineering services in the United States, Vietnam, and internationally. It offers two-panel in-portrait single-axis tracker solutions under the Voyager brand name. The company also provides SunPath, a software solution to enhance energy production; Atlas, a web-based enterprise-level database that allows users to manage their project portfolio; and SunDAT, a software solution enables automated design and optimization of solar panel systems across residential, commercial, and utility-scale sites. 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.