FTC Solar, Inc. (FTCI)

NASDAQ: FTCI · Real-Time Price · USD
0.400
0.00 (0.00%)
At close: Nov 20, 2024, 4:00 PM
0.408
+0.007 (1.87%)
After-hours: Nov 20, 2024, 6:24 PM EST
0.00%
Market Cap 51.11M
Revenue (ttm) 57.35M
Net Income (ttm) -47.55M
Shares Out 127.77M
EPS (ttm) -0.38
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 886,448
Open 0.407
Previous Close 0.400
Day's Range 0.387 - 0.449
52-Week Range 0.176 - 0.999
Beta 1.80
Analysts Buy
Price Target 0.85 (+112.5%)
Earnings Date Nov 12, 2024

About FTCI

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 bu... [Read more]

Industry Solar
Sector Technology
IPO Date Apr 28, 2021
Employees 213
Stock Exchange NASDAQ
Ticker Symbol FTCI
Full Company Profile

Financial Performance

In 2023, FTC Solar's revenue was $127.00 million, an increase of 3.20% compared to the previous year's $123.07 million. Losses were -$50.29 million, -49.51% less than in 2022.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for FTCI stock is "Buy." The 12-month stock price forecast is $0.85, which is an increase of 112.50% from the latest price.

Price Target
$0.85
(112.50% upside)
Analyst Consensus: Buy
Stock Forecasts

News

FTC Solar, Inc. (FTCI) Q3 2024 Earnings Call Transcript

FTC Solar, Inc. (FTCI) Q3 2024 Earnings Call Transcript

8 days ago - Seeking Alpha

FTC Solar Announces Third Quarter 2024 Financial Results

Third Quarter Highlights and Recent Developments Third quarter revenue of $10.1 million, in-line with prior target Industry veteran Yann Brandt joined as CEO Announced 1GW tracker supply agreement wit...

9 days ago - GlobeNewsWire

FTC Solar to Announce Third Quarter Financial Results Tuesday, November 12, 2024

AUSTIN, Texas, Nov. 05, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, today announced it will report its thi...

15 days ago - GlobeNewsWire

FTC Solar to Supply Approximately 1GW of Projects for Sandhills Energy

AUSTIN, Texas, Oct. 23, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, and Sandhills Energy (“Sandhills”) announced today that FTC will be supply...

4 weeks ago - GlobeNewsWire

FTC Solar Announces Multi-Year Tracker Supply Agreement with Strata Clean Energy

AUSTIN, Texas, Sept. 10, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, announced today that it has been sele...

2 months ago - GlobeNewsWire

FTC Solar to Participate at RE+ Event September 9-12

AUSTIN, Texas, Aug. 28, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading global provider of solar tracker systems, software, and engineering services, is pleased to announce its part...

3 months ago - GlobeNewsWire

FTC Solar Announces Inducement Grant of Employee Inducement Award

AUSTIN, Texas, Aug. 16, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading global provider of solar tracker systems, software, and engineering services, today announced that, in accord...

3 months ago - GlobeNewsWire

FTC Solar Appoints Pablo Barahona to Board of Directors

AUSTIN, Texas, Aug. 16, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading global provider of solar tracker systems, software, and engineering services, today announced the appointment...

3 months ago - GlobeNewsWire

FTC Solar Announces Resignation of Board Member

AUSTIN, Texas, Aug. 15, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading global provider of solar tracker systems, software, and engineering services, announced today that Isidoro Qu...

3 months ago - GlobeNewsWire

FTC Solar, Inc. (FTCI) Q2 2024 Earnings Call Transcript

FTC Solar, Inc. (NASDAQ:FTCI) Q2 2024 Results Conference Call August 8, 2024 8:30 AM ET Company Participants Bill Michalek - Vice President of Investor Relations Ahmad Chatila - Member of Board of Di...

3 months ago - Seeking Alpha

FTC Solar Announces Second Quarter 2024 Financial Results

Second quarter revenue of $11.4 million Industry veteran Yann Brandt named new CEO, effective August 19 Contracted portion of backlog now stands at $505 million Company continues to identify operation...

3 months ago - GlobeNewsWire

FTC Solar to Announce Second Quarter Financial Results Thursday, August 8, 2024

AUSTIN, Texas, Aug. 01, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, today announced it will report its sec...

3 months ago - GlobeNewsWire

FTC Solar Appoints Yann Brandt as New CEO

AUSTIN, Texas, July 23, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software and engineering services, today announced that its Board of Direc...

4 months ago - GlobeNewsWire

FTC Solar Introduces Automated Hail Stow Solution to Mitigate Solar Panel Damage

AUSTIN, Texas , May 30, 2024 /PRNewswire/ -- FTC Solar, Inc. (Nasdaq: FTCI) a leading provider of innovative solar energy solutions, announces the launch of its Automated Hail Stow Solution, aimed at ...

6 months ago - PRNewsWire

FTC Solar Announces New Sales and Leadership Appointments

AUSTIN, Texas, May 15, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, announced new leadership appointments a...

6 months ago - GlobeNewsWire

FTC Solar, Inc. (FTCI) Q1 2024 Earnings Call Transcript

FTC Solar, Inc. (NASDAQ:FTCI) Q1 2024 Earnings Conference Call May 10, 2024 9:30 AM ET Company Participants Bill Michalek – Vice President-Investor Relations Ahmad Chatila – Director Cathy Behnen – C...

6 months ago - Seeking Alpha

FTC Solar Announces First Quarter 2024 Financial Results

First quarter revenue of $12.6 million Company remains focused on purchase orders, operational efficiencies, quality and customer service Total backlog now stands at $1.8 billion Continue to expect to...

6 months ago - GlobeNewsWire

FTC Solar to Announce First Quarter Financial Results Friday, May 10, 2024

AUSTIN, Texas, May 06, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, today announced it will report its firs...

7 months ago - GlobeNewsWire

FTC Solar to Present at Roth Conference March 18, 2024

AUSTIN, Texas, March 15, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software and engineering services, today announced that it is scheduled t...

8 months ago - GlobeNewsWire

FTC Solar, Inc. (FTCI) Q4 2023 Earnings Call Transcript

FTC Solar, Inc. (FTCI) Q4 2023 Earnings Call Transcript

9 months ago - Seeking Alpha

FTC Solar Announces Fourth Quarter 2023 Financial Results

Fourth quarter revenue of $23.2 million Continue to improve cost structure to lower break-even revenue level Added approximately $213 million to backlog1 since Nov. 8; acceleration in contracted proje...

9 months ago - GlobeNewsWire

FTC Solar to Announce Fourth Quarter and Full Year 2023 Financial Results Wednesday, March 13, 2024

AUSTIN, Texas, Feb. 27, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, today announced it will report its fou...

9 months ago - GlobeNewsWire

FTC Solar, Inc. (FTCI) Q3 2023 Earnings Call Transcript

FTC Solar, Inc. (NASDAQ:FTCI) Q3 2023 Earnings Conference Call November 8, 2023 8:30 AM ET Company Participants Bill Michalek - Vice President, Investor Relations Shaker Sadasivam - Chairman of the B...

1 year ago - Seeking Alpha

Berman Tabacco Announces Investigation of FTC Solar, Inc. (FTCI) for Potential Securities Law Violations

BOSTON--(BUSINESS WIRE)--Berman Tabacco, a national law firm representing investors, is investigating potential securities law violations by FTC Solar, Inc. ("FTC Solar" or the "Company") (Nasdaq: FTC...

1 year ago - Business Wire

FTC Solar Announces Third Quarter 2023 Financial Results and Leadership Transition

Third Quarter Highlights and Recent Developments  Revenue of $30.5 million up 84% y/y, down 5.6% q/q Continue to improve cost structure, as evidenced by gross margin on sub-scale revenue levels Projec...

1 year ago - GlobeNewsWire