FTC Solar (NASDAQ:FTCI – Get Rating) had its price objective decreased by stock analysts at Piper Sandler to $2.50 in a report released on Wednesday, Stock Target Advisor reports. Piper Sandler’s price objective points to a potential upside of 8.70% from the company’s previous close.
FTCI has been the topic of several other research reports. Northland Securities lowered their price objective on shares of FTC Solar to $4.00 in a research note on Tuesday. Raymond James decreased their price target on shares of FTC Solar from $6.00 to $5.00 and set a “strong-buy” rating on the stock in a research report on Thursday, November 10th. Finally, Credit Suisse Group cut their price objective on shares of FTC Solar to $6.00 in a research report on Wednesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, FTC Solar currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.95.
FTC Solar Stock Up 1.8 %
FTCI opened at $2.30 on Wednesday. The stock’s 50 day moving average price is $2.79 and its two-hundred day moving average price is $3.72. The firm has a market capitalization of $237.56 million, a P/E ratio of -2.19 and a beta of 2.44. FTC Solar has a 12-month low of $1.78 and a 12-month high of $10.71.
Insiders Place Their Bets
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the company. Rock Point Advisors LLC acquired a new stake in FTC Solar during the 1st quarter valued at $1,674,000. Heartland Advisors Inc. increased its stake in shares of FTC Solar by 60.0% in the first quarter. Heartland Advisors Inc. now owns 400,000 shares of the company’s stock valued at $1,972,000 after buying an additional 150,000 shares in the last quarter. KBC Group NV bought a new position in shares of FTC Solar in the first quarter valued at about $328,000. Belpointe Asset Management LLC lifted its position in FTC Solar by 64.6% during the 1st quarter. Belpointe Asset Management LLC now owns 33,776 shares of the company’s stock worth $167,000 after buying an additional 13,260 shares in the last quarter. Finally, CIBC Private Wealth Group LLC bought a new stake in FTC Solar during the 2nd quarter worth about $2,449,000. Institutional investors own 25.09% of the company’s stock.
About FTC Solar
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.
- Get a free copy of the StockNews.com research report on FTC Solar (FTCI)
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