FTC Solar (FTCI) to Release Quarterly Earnings on Friday

FTC Solar (NASDAQ:FTCI) is expected to issue its Q1 2025 quarterly earnings data before the market opens on Friday, May 9th. Analysts expect the company to announce earnings of ($0.58) per share and revenue of $18.83 million for the quarter. FTC Solar has set its Q2 2025 guidance at EPS.

FTC Solar (NASDAQ:FTCI) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.86) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.79) by ($0.07). FTC Solar had a negative net margin of 82.90% and a negative return on equity of 98.67%. On average, analysts expect FTC Solar to post $-4 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

FTC Solar Trading Up 4.1 %

NASDAQ FTCI opened at $3.32 on Friday. The business’s 50 day moving average is $2.81 and its two-hundred day moving average is $3.79. FTC Solar has a 12-month low of $1.76 and a 12-month high of $7.40. The stock has a market capitalization of $42.72 million, a price-to-earnings ratio of -0.87 and a beta of 1.25.

Analysts Set New Price Targets

Several research firms have issued reports on FTCI. UBS Group dropped their target price on FTC Solar from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. HC Wainwright boosted their target price on FTC Solar from $1.50 to $5.00 and gave the stock a “buy” rating in a research report on Tuesday, April 8th. Roth Capital set a $3.00 target price on FTC Solar in a research report on Tuesday, April 1st. Finally, Roth Mkm boosted their price target on FTC Solar from $0.50 to $3.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 1st.

Insider Transactions at FTC Solar

In other news, Director Ahmad R. Chatila purchased 16,740 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were acquired at an average price of $2.93 per share, with a total value of $49,048.20. Following the purchase, the director now directly owns 1,984,708 shares of the company’s stock, valued at $5,815,194.44. The trade was a 0.85 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 22.60% of the company’s stock.

About FTC Solar

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.