FTC Solar, Inc. (FTCI)
NASDAQ: FTCI · IEX Real-Time Price · USD
0.499
+0.014 (2.80%)
At close: May 17, 2024, 4:00 PM
0.520
+0.021 (4.23%)
After-hours: May 17, 2024, 7:23 PM EDT
FTC Solar Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for FTC Solar stock have an average target of 1.29, with a low estimate of 0.45 and a high estimate of 2.00. The average target predicts an increase of 158.57% from the current stock price of 0.50.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for FTC Solar stock from 5 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 2 | 2 | 2 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 6 | 6 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $1.5 | Strong Buy | Reiterates | $1.5 | +200.66% | May 13, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $2.5 → $1.5 | Strong Buy | Maintains | $2.5 → $1.5 | +200.66% | Mar 14, 2024 |
| Roth MKM | Roth MKM | Strong Buy → Hold Downgrades $2 → $0.45 | Strong Buy → Hold | Downgrades | $2 → $0.45 | -9.80% | Mar 14, 2024 |
| Northland Capital Markets | Northland Capital Markets | Hold Maintains $0.65 → $1 | Hold | Maintains | $0.65 → $1 | +100.44% | Dec 15, 2023 |
| Raymond James | Raymond James | Strong Buy Maintains $4 → $2 | Strong Buy | Maintains | $4 → $2 | +300.88% | Nov 9, 2023 |
Financial Forecast
Revenue This Year
162.11M
from 127.00M
Increased by 27.64%
Revenue Next Year
302.13M
from 162.11M
Increased by 86.37%
EPS This Year
-0.16
from -0.44
EPS Next Year
0.02
from -0.16
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 186.4M | 370.1M | 414.3M | 489.3M | 562.7M |
| Avg | 162.1M | 302.1M | 395.2M | 475.3M | 546.6M |
| Low | 137.0M | 226.2M | 372.8M | 456.7M | 525.2M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 46.8% | 128.3% | 37.1% | 23.8% | 18.4% |
| Avg | 27.6% | 86.4% | 30.8% | 20.3% | 15.0% |
| Low | 7.8% | 39.5% | 23.4% | 15.6% | 10.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.12 | 0.11 | 0.25 |
| Avg | -0.16 | 0.02 | 0.24 |
| Low | -0.27 | -0.16 | 0.24 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | 1,160.5% |
| Avg | - | - | 1,124.5% |
| Low | - | - | 1,076.5% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.