Should I buy or sell FTC Solar stock right now?

7 Wall Street equities 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 equities 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 brokerages have issued twelve-month target prices for FTC Solar's stock. Their FTCI share price targets range from $0.45 to $2.50. On average, they anticipate the company's stock price to reach $1.49 in the next year. This suggests a possible upside of 292.0% 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 45.1% and is now trading at $0.3805. 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 earnings results on Wednesday, March, 13th. The company reported ($0.07) earnings per share for the quarter, topping analysts' consensus estimates 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 period in the prior year, the firm posted ($0.16) EPS.

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 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 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 .

NASDAQ:FTCI

FTC Solar (FTCI) Stock Price, News & Analysis

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$0.40

+0.02 (+4.86%)

(As of 10:39 AM ET)

Compare

Today's Range: $0.38
▼
$0.42
50-Day Range: $0.38
▼
$0.71
52-Week Range: $0.28
▼
$3.87

Volume: 158,988 shs
Average Volume: 715,677 shs
Market Capitalization: $49.88 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $1.49

Get FTC Solar alerts:

FTC Solar MarketRank™ Stock Analysis

Analyst Rating: Hold
2.43 Rating Score
Upside/Downside: 292.0% 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.

1.55 out of 5 stars

Oils/Energy Sector

187th out of 234 stocks

Semiconductors & Related Devices Industry

75th out of 89 stocks

3.2

Analyst's Opinion

Consensus Rating
FTC Solar has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 1 buy rating, 5 hold ratings, and no sell ratings.
Amount of Analyst Coverage
FTC Solar has only been the subject of 3 research reports in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
15.58% of the float of FTC Solar has been sold short.
Short Interest Ratio / Days to Cover
FTC Solar has a short interest ratio ("days to cover") of 11.6, which indicates bearish sentiment.
Change versus previous month
Short interest in FTC Solar has recently increased by 1.53%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
FTC Solar does not currently pay a dividend.
Dividend Growth
FTC Solar does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FTCI.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for FTC Solar this week, compared to 1 article on an average week.
Search Interest
7 people have searched for FTCI on MarketBeat in the last 30 days. This is an increase of 40% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added FTC Solar to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, FTC Solar insiders have bought 673.20% more of their company's stock than they have sold. Specifically, they have bought $200,436.00 in company stock and sold $25,923.00 in company stock.
Percentage Held by Insiders
29.70% of the stock of FTC Solar is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
45.36% of the stock of FTC Solar is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for FTC Solar are expected to grow in the coming year, from ($0.26) to ($0.15) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of FTC Solar is -0.88, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of FTC Solar is -0.88, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
FTC Solar has a P/B Ratio of 0.76. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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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

30 days | 90 days | 365 days | Advanced Chart

FTCI Stock News Headlines

March 28, 2024 | insidertrades.com

Insider Buying: FTC Solar, Inc. (NASDAQ:FTCI) Director Purchases 97,400 Shares of Stock

March 26, 2024 | insidertrades.com

FTC Solar, Inc. (NASDAQ:FTCI) Director Ahmad R. Chatila Acquires 92,600 Shares

April 19, 2024 | DTI (Ad)

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March 24, 2024 | insidertrades.com

Patrick Cook Sells 48,911 Shares of FTC Solar, Inc. (NASDAQ:FTCI) Stock

March 22, 2024 | insidertrades.com

FTC Solar, Inc. (NASDAQ:FTCI) Director Buys $49,950.00 in Stock

March 20, 2024 | insidertrades.com

Insider Buying: FTC Solar, Inc. (NASDAQ:FTCI) Director Acquires 101,800 Shares of Stock

April 19, 2024 | americanbankingnews.com

FTC Solar (NASDAQ:FTCI) vs. SMA Solar Technology (OTCMKTS:SMTGY) Head-To-Head Survey

April 11, 2024 | investorplace.com

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March 16, 2024 | finance.yahoo.com

FTC Solar, Inc. (NASDAQ:FTCI) Q4 2023 Earnings Call Transcript

March 15, 2024 | uk.finance.yahoo.com

FTC Solar Full Year 2023 Earnings: EPS Beats Expectations

March 15, 2024 | finance.yahoo.com

CSIQ Mar 2024 18.500 call

March 15, 2024 | globenewswire.com

FTC Solar to Present at Roth Conference March 18, 2024

March 14, 2024 | msn.com

FTC Solar slides after Q4 loss; Roth downgrades, delaying view to breakeven

March 14, 2024 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Jamf Holding (JAMF) and FTC Solar (FTCI)

March 14, 2024 | benzinga.com

These Analysts Cut Their Forecasts On FTC Solar After Q4 Results

March 13, 2024 | globenewswire.com

FTC Solar Announces Fourth Quarter 2023 Financial Results

March 12, 2024 | msn.com

FTC Solar Q4 2023 Earnings Preview

March 12, 2024 | benzinga.com

Earnings Outlook For FTC Solar

March 8, 2024 | finance.yahoo.com

FTC Solar Insiders Placed Bullish Bets Worth US$1.47m

March 6, 2024 | uk.investing.com

FTC Solar Inc (FTCI)

February 27, 2024 | globenewswire.com

FTC Solar to Announce Fourth Quarter and Full Year 2023 Financial Results Wednesday, March 13, 2024

February 12, 2024 | finance.yahoo.com

Cathy Behnen Appointed FTC Solar Chief Financial Officer

January 22, 2024 | finance.yahoo.com

Here's Why We're A Bit Worried About FTC Solar's (NASDAQ:FTCI) Cash Burn Situation

December 7, 2023 | finance.yahoo.com

FTC Solar Appoints Anthony Carroll as Chairman of Newly Formed Customer Advisory Board

November 13, 2023 | finance.yahoo.com

Downgrade: Here's How Analysts See FTC Solar, Inc. (NASDAQ:FTCI) Performing In The Near Term

November 9, 2023 | finance.yahoo.com

FTC Solar, Inc. (NASDAQ:FTCI) Q3 2023 Earnings Call Transcript

See More Headlines

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Company Calendar

Last Earnings: 3/13/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/08/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Oils/Energy
Industry: Semiconductors & related devices
Sub-Industry: N/A
Current Symbol: NASDAQ:FTCI
CUSIP: N/A
CIK: 1828161
Web: www.ftcsolar.com
Phone: 737-787-7906
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: +273.9%
Consensus Rating: Hold
Rating Score (0-4): 2.43
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.43)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-50,290,000.00
Net Margins: -39.60%
Pretax Margin: -39.86%
Return on Equity: -59.79%
Return on Assets: -31.71%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.99
Quick Ratio: 1.91

Sales & Book Value

Annual Sales: $127 million
Price / Sales: 0.39
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.50 per share
Price / Book: 0.80

Miscellaneous

Outstanding Shares: 125,010,000
Free Float: 87,879,000
Market Cap: $49.88 million
Optionable: Optionable
Beta: 1.62

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Key Executives

Mr. Patrick M. Cook (Age 40)
Chief Commercial Officer
Comp: $263.87k
Ms. Cathy Behnen CPA (Age 60)
Chief Financial Officer
Mr. Sasan Aminpour (Age 60)
Chief Operating Officer
Mr. Bill Michalek
Vice President of Investor Relations & Corporate Communications
Jacob D. Wolf Esq.
VP, General Counsel & Secretary
Mr. Kristian Nolde (Age 46)
Vice President of Marketing & Strategy

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FTCI Stock Analysis - Frequently Asked Questions

Should I buy or sell FTC Solar stock right now?: 7 Wall Street equities 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 equities 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 brokerages have issued twelve-month target prices for FTC Solar's stock. Their FTCI share price targets range from $0.45 to $2.50. On average, they anticipate the company's stock price to reach $1.49 in the next year. This suggests a possible upside of 292.0% 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 45.1% and is now trading at $0.3805.
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 earnings results on Wednesday, March, 13th. The company reported ($0.07) earnings per share for the quarter, topping analysts' consensus estimates 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 period in the prior year, the firm posted ($0.16) EPS.
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 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 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 4/19/2024 by MarketBeat.com Staff

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