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S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
5 Dividend Kings Stocks to Load Up on Now
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
5 Dividend Kings Stocks to Load Up on Now
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
5 Dividend Kings Stocks to Load Up on Now
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
NASDAQ:FTCI

FTC Solar (FTCI) Stock Price, News & Analysis

$0.59
+0.07 (+13.51%)
(As of 03/27/2024 ET)
Today's Range
$0.50
$0.61
50-Day Range
$0.44
$0.71
52-Week Range
$0.28
$3.87
Volume
1.14 million shs
Average Volume
1.00 million shs
Market Capitalization
$73.54 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
153.6% Upside
$1.49 Price Target
Short Interest
Bearish
15.32% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.22mentions of FTC Solar in the last 14 days
Based on 13 Articles This Week
Insider Trading
Acquiring Shares
$200,436 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.24) to ($0.12) 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.

2.42 out of 5 stars

Oils/Energy Sector

156th out of 242 stocks

Semiconductors & Related Devices Industry

50th out of 90 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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Cathy Behnen Appointed FTC Solar Chief Financial Officer
See More Headlines
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Company Calendar

Last Earnings
3/13/2024
Today
3/28/2024
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
+153.6%
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
$73.54 million
Optionable
Optionable
Beta
1.60
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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 year. 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 equities research analysts 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 expect the company's stock price to reach $1.49 in the next year. This suggests a possible upside of 153.6% 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 15.1% and is now trading at $0.5883.
View the best growth stocks for 2024 here
.

Are investors shorting FTC Solar?

FTC Solar saw a increase in short interest in March. As of March 15th, there was short interest totaling 8,510,000 shares, an increase of 13.0% from the February 29th total of 7,530,000 shares. Based on an average trading volume of 839,300 shares, the short-interest ratio is presently 10.1 days. Currently, 15.3% of the company's stock are sold short.
View FTC Solar's Short Interest
.

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) announced its earnings results on Wednesday, March, 13th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.01. The firm earned $23.20 million during the quarter, compared to the consensus estimate of $22.80 million. FTC Solar had a negative trailing twelve-month return on equity of 59.79% and a negative net margin of 39.60%. During the same quarter in the previous year, the business earned ($0.16) earnings per share.

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).

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

FTC Solar issued an update on its first quarter 2024 earnings guidance on Wednesday, March, 13th. The company provided earnings per share (EPS) 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 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.

Who are FTC Solar's major shareholders?

FTC Solar's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (2.32%), Vanguard Group Inc. (2.32%), Rock Point Advisors LLC (0.95%), Point72 Asset Management L.P. (0.82%), GSA Capital Partners LLP (0.59%) and Goldman Sachs Group Inc. (0.58%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:FTCI) was last updated on 3/28/2024 by MarketBeat.com Staff

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