TD Cowen Lowers FTC Solar (NASDAQ:FTCI) Price Target to $8.00

FTC Solar (NASDAQ:FTCI) had its target price reduced by analysts at TD Cowen from $12.50 to $8.00 in a report released on Friday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price target points to a potential upside of 92.31% from the stock’s previous close.

A number of other brokerages have also recently commented on FTCI. HC Wainwright reiterated a “buy” rating and issued a $20.00 target price (up from $5.00) on shares of FTC Solar in a research report on Wednesday, January 7th. Roth Mkm set a $15.00 price objective on FTC Solar in a research note on Monday, November 17th. Zacks Research upgraded FTC Solar from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. UBS Group reissued a “neutral” rating and issued a $10.00 target price (up from $5.50) on shares of FTC Solar in a research note on Tuesday, December 2nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of FTC Solar in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $13.25.

FTC Solar Stock Down 23.1%

Shares of NASDAQ FTCI opened at $4.16 on Friday. The stock has a market capitalization of $62.15 million, a P/E ratio of -0.74 and a beta of 1.48. FTC Solar has a one year low of $2.13 and a one year high of $12.75. The firm’s 50 day simple moving average is $10.01 and its two-hundred day simple moving average is $8.92. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.66 and a quick ratio of 1.53.

Insiders Place Their Bets

In other FTC Solar news, COO Sasan Aminpour sold 3,239 shares of the business’s stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of $10.93, for a total value of $35,402.27. Following the transaction, the chief operating officer owned 269,734 shares in the company, valued at approximately $2,948,192.62. The trade was a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Yann Brandt sold 37,775 shares of the company’s stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of $10.84, for a total transaction of $409,481.00. Following the transaction, the chief executive officer directly owned 776,425 shares of the company’s stock, valued at approximately $8,416,447. This trade represents a 4.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 42,660 shares of company stock valued at $462,874 in the last quarter. Insiders own 21.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FTCI. Jane Street Group LLC purchased a new stake in FTC Solar in the 2nd quarter worth approximately $79,000. Goldman Sachs Group Inc. increased its stake in shares of FTC Solar by 81.3% during the first quarter. Goldman Sachs Group Inc. now owns 30,581 shares of the company’s stock valued at $88,000 after buying an additional 13,715 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in shares of FTC Solar during the fourth quarter valued at approximately $109,000. Hudson Bay Capital Management LP purchased a new stake in FTC Solar in the fourth quarter worth $135,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in FTC Solar in the fourth quarter valued at $296,000. Hedge funds and other institutional investors own 45.36% of the company’s stock.

Trending Headlines about FTC Solar

Here are the key news stories impacting FTC Solar this week:

• Positive Sentiment: Q4 operational improvement — FTC reported Q4 revenue of $32.9M (strong q/q and y/y growth), materially improved gross margins and its best Adjusted EBITDA in six years, signaling operating recovery and margin progress. GlobeNewswire Q4 release
• Positive Sentiment: Large multi‑year supply awards — the company disclosed a ~1 GW supply agreement with a U.S. developer and an 840 MW, three‑year deal with Lubanzi in South Africa, which expand visible backlog and pipeline for 2026+. InsiderMonkey article
• Neutral Sentiment: Full earnings disclosure and call transcripts are available — management reiterated recovery narrative and expects bookings acceleration in 2026 but noted lingering regulatory-driven booking delays in 2025. These materials provide detail but did not change the immediate market reaction. Earnings call transcript
• Negative Sentiment: Weak Q1 2026 revenue guide — FTC guided $20M–$25M for Q1 vs. consensus around $35M; that shortfall triggered a sharp market sell‑off and explains most of today’s downward pressure. Investing.com article
• Negative Sentiment: Balance‑sheet and GAAP headline losses — GAAP net loss was large (driven in part by non‑cash changes in warrant fair value and other items) and the company disclosed a default under its July 2025 Credit Agreement (term loan reclassified to current), raising near‑term financing risk. GlobeNewswire disclosure
• Negative Sentiment: Analyst target cut — TD Cowen lowered its price target (from $12.50 to $8.00) while keeping a Buy rating; the reduced target likely dampens near‑term optimism despite the maintained positive view. Benzinga note

FTC Solar Company Profile

FTC Solar, Inc (NASDAQ:FTCI) specializes in the design, manufacturing and deployment of solar tracker systems for utility-scale photovoltaic power plants. The company’s tracker solutions are engineered to follow the sun’s path and optimize energy capture, helping customers maximize the performance of their solar assets. In addition to its core mechanical tracker products, FTC Solar offers advanced supervisory control and data acquisition (SCADA) software that enables remote monitoring, predictive maintenance and performance analytics.

Headquartered in Austin, Texas, FTC Solar supports large-scale solar projects across multiple regions, including North America, Latin America, Europe and the Middle East.