FTC Solar (FTCI) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $0.39 to $0.45
• 50-Day Range: $0.36 to $0.71
• 52-Week Range: $0.18 to $1.00
• Volume: 894,517 shs
• Average Volume: 2.52 million shs
• Market Capitalization: $51.11 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $0.85
• Consensus Rating: Hold

FTC Solar Stock Analysis - MarketRank™

FTC Solar scored higher than 61% of companies evaluated by MarketBeat, and ranked 144th out of 264 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

FTC Solar has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

FTC Solar has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for FTC Solar are expected to grow in the coming year, from ($0.38) to ($0.20) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of FTC Solar is -1.05, 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 -1.05, 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 0.80. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

8.48% 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 0.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in FTC Solar has recently increased by 3.85%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

FTC Solar does not currently pay a dividend.

Dividend Growth

FTC Solar does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

8.48% 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 0.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in FTC Solar has recently increased by 3.85%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 1.6 / 5
• News Sentiment: -0.04

News Sentiment

FTC Solar has a news sentiment score of -0.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.65 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for FTC Solar this week, compared to 2 articles on an average week.

Search Interest

Only 4 people have searched for FTCI on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

7 people have added FTC Solar to their MarketBeat watchlist in the last 30 days. This is an increase of 133% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, FTC Solar insiders have bought more of their company's stock than they have sold. Specifically, they have bought $100,280.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

22.60% 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.

FTCI Stock Analysis - Frequently Asked Questions

How have FTCI shares performed this year?

FTC Solar's stock was trading at $0.6928 at the start of the year. Since then, FTCI shares have decreased by 42.3% and is now trading at $0.40.
View the best growth stocks for 2024 here.

How were FTC Solar's earnings last quarter?

FTC Solar, Inc. (NASDAQ:FTCI) released its quarterly earnings data on Wednesday, March, 13th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.01. The firm had revenue of $23.20 million for the quarter, compared to analysts' expectations of $22.80 million. FTC Solar had a negative net margin of 82.90% and a negative trailing twelve-month return on equity of 98.67%.

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 a price of $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.

Who are FTC Solar's major shareholders?

Top institutional shareholders of FTC Solar include GSA Capital Partners LLP (0.74%), Geode Capital Management LLC (0.60%), XTX Topco Ltd (0.09%) and Jane Street Group LLC (0.08%). Insiders that own company stock include South Cone Investments Limited, Arc Family Trust, David Springer, Cortes Isidoro Alfonso Quiroga, Ahmad R Chatila, Nagendra Cherukupalli, Patrick Cook, Sasan Aminpour, Sean Hunkler, William A Priddy, Cathy Behnen, Kristian Nolde, Tamara Mullings, Robert Phelps Morris and Ali Mortazavi.
View institutional ownership trends.

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.

What other stocks do shareholders of FTC Solar own?

Based on aggregate information from My MarketBeat watchlists, some other companies that FTC Solar investors own include Waste Connections (WCN), AUO (AUOTY), American Water Works (AWK), iShares Micro-Cap ETF (IWC), The RMR Group (RMR), DiamondRock Hospitality (DRH) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 3/13/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/12/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Oils/Energy
• Industry: Semiconductors & related devices
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:FTCI
• CUSIP: N/A
• CIK: 1828161
• Web: www.ftcsolar.com
• Phone: 737-787-7906
• Fax: N/A
• Employees: 220
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $0.85
• High Stock Price Target: $1.50
• Low Stock Price Target: $0.30
• Potential Upside/Downside: +112.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.38)
• 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: -82.90%
• Pretax Margin: -83.28%
• Return on Equity: -98.67%
• Return on Assets: -44.11%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.33
• Quick Ratio: 1.07

Sales & Book Value

• Annual Sales: $57.35 million
• Price / Sales: 0.89
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.50 per share
• Price / Book: 0.80

Miscellaneous

• Outstanding Shares: 127,767,000
• Free Float: 98,892,000
• Market Cap: $51.11 million
• Optionable: Optionable
• Beta: 1.79