Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
FTC Solar, Inc. Market Cap
The FTC Solar, Inc. (FTCI) share price is expected to increase by 162.12% over the next year. This is based on calculating the average 12-month share price estimate provided by 6 stock analysts who have covered FTCI. Price targets range from $4 at the low end to $15 at the high end. The current analyst consensus for FTCI is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
FTC Solar, Inc. has a total of 6 Wall St Analyst ratings. There are 3 buy ratings, 3 ratings, and 0 sell ratings. Since most analysts have a buy consensus rating, the expectation is that FTC Solar, Inc. will outperform the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
These are the latest 20 analyst ratings of FTCI.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Amit Dayal HC Wainwright & Co. | Buy | $1.5 | Reiterates | Nov 13, 2024 |
| Jeffrey Osborne TD Cowen | Buy | $1 | Maintains | Aug 9, 2024 |
| Jon Windham UBS | Neutral | $0.3 | Maintains | Aug 9, 2024 |
| Amit Dayal HC Wainwright & Co. | Buy | $1.5 | Reiterates | May 13, 2024 |
| Philip Shen Roth MKM | Neutral | $0.45 | Downgrade | Mar 14, 2024 |
| Amit Dayal HC Wainwright & Co. | Buy | $1.5 | Maintains | Mar 14, 2024 |
| Donovan Schafer Northland Capital Markets | Market Perform | $1 | Maintains | Dec 15, 2023 |
| Pavel Molchanov Raymond James | Strong Buy | $2 | Maintains | Nov 9, 2023 |
| Amit Dayal HC Wainwright & Co. | Buy | $2.5 | Maintains | Nov 9, 2023 |
| Kashy Harrison Piper Sandler | Neutral | $1.5 | Maintains | Oct 6, 2023 |
| Kashy Harrison Piper Sandler | Neutral | $2.5 | Maintains | Aug 10, 2023 |
| Amit Dayal HC Wainwright & Co. | Buy | $5 | Reiterates | Aug 10, 2023 |
| Amit Dayal HC Wainwright & Co. | Buy | $5 | Reiterates | May 11, 2023 |
| Amit Dayal HC Wainwright & Co. | Buy | $5 | Initiates | Apr 13, 2023 |
| Pavel Molchanov Raymond James | Strong Buy | $4 | Maintains | Apr 5, 2023 |
| Julien Dumoulin-Smith B of A Securities | Buy | $3.5 | Upgrade | Mar 15, 2023 |
| Pavel Molchanov Raymond James | Strong Buy | $5 | Maintains | Nov 10, 2022 |
| Kashy Harrison Piper Sandler | Neutral | $3.5 | Maintains | Oct 17, 2022 |
| Kashy Harrison Piper Sandler | Neutral | $3.5 | Upgrade | Jul 19, 2022 |
| Pavel Molchanov Raymond James | Strong Buy | $6 | Maintains | Jul 12, 2022 |
When did it IPO
2021
Staff Count
213
Country
United States
Sector/Industry
Technology/Solar
CEO
Mr. Yann Brandt
Market Cap
$40.8M
In 2023, FTCI generated $127.0M in revenue, which was a increase of 3.20% from the previous year. This can be seen as a signal that FTCI's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Tue, 03 Dec 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Sitetracker has acquired the ATLAS software platform from FTC Solar, enhancing its offerings in the renewables sector with proven expertise from the ATLAS product.
Why It Matters - Sitetracker's acquisition of ATLAS strengthens its position in the renewables sector, potentially boosting revenue and market share, which could positively impact stock performance.
Wed, 04 Dec 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - FTC Solar, Inc. has completed a private placement of $15 million in senior secured promissory notes and warrants as of December 4, 2024.
Why It Matters - FTC Solar's successful $15 million funding through promissory notes and warrants indicates financial stability and potential growth, which could enhance investor confidence and stock performance.
Wed, 27 Nov 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - FTC Solar, Inc. will execute a 1-for-10 reverse stock split on November 29, 2024, to meet Nasdaq's minimum bid price requirement of $1.00 per share.
Why It Matters - FTC Solar's reverse stock split may impact share liquidity and investor perception, as it aims to maintain compliance with Nasdaq requirements, potentially affecting stock valuation and market confidence.
Tue, 12 Nov 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - FTC Solar, Inc. (FTCI) held its Q3 2024 earnings call, discussing financial results and business developments. Further details on performance metrics were provided.
Why It Matters - The Q3 2024 earnings call for FTC Solar, Inc. provides insights into financial performance, growth potential, and strategic direction, crucial for assessing investment viability and market positioning.
Tue, 12 Nov 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - FTC Solar reported Q3 revenue of $10.1 million, aligning with targets. New CEO Yann Brandt joined, and agreements for 1GW tracker supply and 500MW projects were announced. A $15 million promissory note was established.
Why It Matters - FTC Solar's stable Q3 revenue and new agreements signal growth potential. Leadership change and financial maneuvers enhance market confidence, impacting investment decisions positively.
Tue, 12 Nov 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - FTC Solar (FTCI) reported a quarterly loss of $0.10 per share, worse than the expected loss of $0.08, and compared to a loss of $0.08 per share in the same quarter last year.
Why It Matters - FTCI's larger-than-expected quarterly loss may signal ongoing financial struggles, potentially impacting investor confidence and stock performance.
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