FTC Solar, Inc. (FTCI)

NASDAQ: FTCI · IEX Real-Time Price · USD
4.53
-0.35 (-7.17%)
At close: Aug 17, 2022 4:00 PM
4.59
+0.06 (1.32%)
After-hours: Aug 17, 2022 5:42 PM EDT
-7.17%
Market Cap 461.04M
Revenue (ttm) 234.98M
Net Income (ttm) -100.27M
Shares Out 101.78M
EPS (ttm) -1.35
PE Ratio n/a
Forward PE 370.37
Dividend n/a
Ex-Dividend Date n/a
Volume 1,306,258
Open 4.78
Previous Close 4.88
Day's Range 4.53 - 4.89
52-Week Range 2.12 - 11.43
Beta n/a
Analysts Buy
Price Target 6.82 (+50.6%)
Earnings Date Aug 9, 2022

About FTCI

FTC Solar, Inc. provides solar tracker systems, technology, software, and engineering services in the United States, Vietnam, and internationally. It offers two-panel in-portrait single-axis tracker solutions under the Voyager brand name. The company also provides SunPath, a software solution to enhance energy production; Atlas, a web-based enterprise-level database that allows users to manage their project portfolio; and SunDAT, a software solution enables automated design and optimization of solar panel systems across residential, commercial,... [Read more...]

Industry Solar
IPO Date Apr 28, 2021
Employees 223
Stock Exchange NASDAQ
Ticker Symbol FTCI
Full Company Profile

Financial Performance

In 2021, FTC Solar's revenue was $270.53 million, an increase of 44.39% compared to the previous year's $187.35 million. Losses were -$106.59 million, 569.4% more than in 2020.

Financial Statements

Analyst Forecast

According to 14 analysts, the average rating for FTCI stock is "Buy." The 12-month stock price forecast is 6.82, which is an increase of 50.55% from the latest price.

Price Target
$6.82
(50.55% upside)
Analyst Consensus: Buy
Stock Forecasts

News

FTC Solar (FTCI) Reports Q2 Loss, Lags Revenue Estimates

FTC Solar (FTCI) delivered earnings and revenue surprises of -12.50% and 7.68%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

FTC Solar Announces Second Quarter 2022 Financial Results

Second Quarter Highlights and Recent Developments Second Quarter Highlights and Recent Developments

FTC Solar ($FTCI) Looks to Shorten Build Times and Increase Energy Yields with New Solar Solutions

Solar tracking provider FTC Solar ($FTCI) has announced a collaboration partnership with solar contracting company AUI Partners. The partnership will introduce a new product offering to the solar distri...

FTC Solar and AUI Partners to Shorten Build Times and Increase Energy Yields with New Distributed Generation Solar Tr...

New offering provides rapid solar tracking design through installation for sites under 20 megawatts FTC will utilize its proprietary Voyager+ tracker, a next-generation 2P single-axis tracker, which pro...

7 Small-Cap Growth Stocks Trading at a Huge Discount Right Now

When equities are under pressure, it is particularly important for investors to find stocks that are trading at a discount to their intrinsic value. This can be particularly difficult if you're interest...

FTC Solar to Announce Second Quarter 2022 Financial Results Tuesday, August 9, 2022

AUSTIN, Texas, July 26, 2022 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software and engineering services, today announced it will report its second...

FTC Solar Closes Acquisition of HX Tracker

AUSTIN, Texas, June 14, 2022 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a fast-growing global provider of solar tracker systems, software and engineering services, today announced that it close...

The Sun Is Rising for Solar Stocks

On Monday, the White House moved to boost the solar energy sector and encourage domestic production of solar equipment. The measures include pausing new tariffs on solar imports for the next two years a...

Why Solar Energy Stocks Jumped Today

There are big changes coming to the U.S. solar industry.

Other symbols: ARRYENPHFSLRRUNSHLS

Why FTC Solar Shares Are Rising

Shares of several solar-related companies, including FTC Solar Inc (NASDAQ: FTCI), are trading higher amid a report President Biden will issue a proclamation allowing the import of solar panels from sev...

FTC Solar to Participate in Upcoming Investor Conferences

AUSTIN, Texas, June 02, 2022 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a fast-growing global provider of solar tracker systems, software and engineering services, today announced that its Chie...

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of FTC Solar, Inc. - FTCI

NEW YORK , May 30, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of FTC Solar, Inc. ("FTC Solar" or the "Company") (NASDAQ: FTCI).  Such investors are advised to cont...

Shareholder Alert: Pomerantz Law Firm Investigates Claims on Behalf of Investors of FTC Solar, Inc. - FTCI

New York, New York--(Newsfile Corp. - May 28, 2022) - Pomerantz LLP is investigating claims on behalf of investors of FTC Solar, Inc. ("FTC Solar" or the "Company") (NASDAQ: FTCI). Such investors are ad...

Why FTC Solar Plunged 35.7% on Tuesday

Earnings went from bad to worse.

FTC Solar (FTCI) Reports Q1 Loss, Misses Revenue Estimates

FTC Solar (FTCI) delivered earnings and revenue surprises of -66.67% and 13.07%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

FTC Solar Announces First Quarter 2022 Financial Results

First Quarter Highlights and Recent Developments First Quarter Highlights and Recent Developments

Earnings Preview: FTC Solar (FTCI) Q1 Earnings Expected to Decline

FTC Solar (FTCI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

FTC Solar to Announce First Quarter 2022 Financial Results Tuesday, May 10, 2022

AUSTIN, Texas, April 28, 2022 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a global provider of solar tracker systems, software and engineering services, today announced it will report its first ...

Key factors why U.S. solar stocks got massacred yesterday

In the trading session on April 21, solar stocks got pummeled, with Enphase Energy (NASDAQ: ENPH) and SolarEdge Technologies (NASDAQ:.

Other symbols: ENPHNEESEDG

FTC Solar, Shoals Technologies Slide After Piper Sandler Downgrade

Piper Sandler analyst Kashy Harrison downgraded two electrical equipment companies, citing the U.S. Department of Commerce's decision to investigate antidumping and countervailing duty circumvention in ...

FTC Solar Announces Fourth Quarter and Full Year 2021 Financial Results and Value-Creating International Acquisition

Fourth Quarter Highlights and Recent Developments Fourth Quarter Highlights and Recent Developments

FTC Solar Demonstrates Effectiveness of Proprietary Damping Technology Against Wind in New Whitepaper

AUSTIN, Texas, March 8, 2022 /PRNewswire/ -- As solar adoption reaches new levels, FTC Solar  (NASDAQ: FTCI) has co-authored a whitepaper with wind engineering experts  RWDI  and structural engineering ...

FTC Solar Reaffirms 2022 Financial Outlook; Announces Earnings Date and Upcoming Conference Participation

AUSTIN, Texas, March 02, 2022 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a fast-growing global provider of solar tracker systems, software and engineering services, today announced that it will...

Should You Buy FTC Solar (FTCI) Ahead of Earnings?

FTC Solar (FTCI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

FTC Solar Awarded Supply Contract for APA Group's 88 MW Australian Solar Project

AUSTIN, Texas, Feb. 7, 2022 /PRNewswire/ -- FTC Solar (NASDAQ: FTCI), an innovator in solar tracking technology, was awarded a contract from leading Australian energy infrastructure business APA Group t...