FTC Solar, Inc. (FTCI)

NASDAQ: FTCI · IEX Real-Time Price · USD
0.540
+0.017 (3.29%)
At close: Feb 23, 2024, 4:00 PM
0.541
+0.001 (0.19%)
After-hours: Feb 23, 2024, 7:50 PM EST
3.29%
Market Cap 67.50M
Revenue (ttm) 130.02M
Net Income (ttm) -59.61M
Shares Out 125.01M
EPS (ttm) -0.53
PE Ratio n/a
Forward PE 19.46
Dividend n/a
Ex-Dividend Date n/a
Volume 2,087,005
Open 0.520
Previous Close 0.523
Day's Range 0.510 - 0.570
52-Week Range 0.282 - 3.870
Beta 1.60
Analysts Strong Buy
Price Target 2.10 (+288.89%)
Earnings Date Mar 5, 2024

About FTCI

FTC Solar, Inc. provides solar tracker systems, software, and engineering services in the United States and internationally. It offers two-panel in-portrait single-axis tracker solutions under the Voyager brand name. The company also provides Pioneer, a one module-in-portrait solar tracker solution that allows for a pile count reduction per megawatt. Its customers include project developers; solar asset owners; and engineering, procurement, and construction contractors that design and build solar energy projects. FTC Solar, Inc. was incorporate... [Read more]

Industry Solar
Sector Technology
IPO Date Apr 28, 2021
Employees 221
Stock Exchange NASDAQ
Ticker Symbol FTCI
Full Company Profile

Financial Performance

In 2022, FTC Solar's revenue was $123.07 million, a decrease of -54.51% compared to the previous year's $270.53 million. Losses were -$99.61 million, -6.54% less than in 2021.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for FTCI stock is "Strong Buy." The 12-month stock price forecast is $2.1, which is an increase of 288.89% from the latest price.

Price Target
$2.1
(288.89% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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...

3 months 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...

3 months ago - GlobeNewsWire

FTC Solar to Announce Third Quarter Financial Results Wednesday, November 8, 2023

AUSTIN, Texas, Oct. 25, 2023 (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...

4 months ago - GlobeNewsWire

FTC Solar Unveils Tracker-Agnostic SUNOPS Software to Enhance Solar Plant Performance

AUSTIN, Texas--(BUSINESS WIRE)--With solar accounting for 54% of all new electricity-generating capacity additions in the first quarter of 2023, it's important to keep sites up and running efficiently...

6 months ago - Business Wire

FTC Solar and Cat Creek Energy Announce 1-Gigawatt Tracker Agreement to Supply Landmark Renewables Project

FTC to supply the solar photovoltaic (PV) portion of the Cat Creek energy and storage Project Supports Cat Creek's agreement with Bayer to produce 1,400 GWh of electricity annually The 1,761 MW projec...

7 months ago - GlobeNewsWire

FTC Solar Announces 300MW Tracker Agreement in Spain and Italy to Include Utility-Scale Agrivoltaic Projects

FTC solutions offer ease of installation, high energy density, and fewer required foundations Voyager 2P tracker design also optimal for agrivoltaic projects AUSTIN, Texas, Aug. 09, 2023 (GLOBE NEWSWI...

7 months ago - GlobeNewsWire

FTC Solar Announces Second Quarter 2023 Financial Results

Second Quarter Highlights and Recent Developments  Gross margin expansion of 180 basis points q/q GAAP, 90 bps Non-GAAP, despite project push-outs Project backlog reaches $1.6 billion, with $259 milli...

7 months ago - GlobeNewsWire

FTC Solar to Announce Second Quarter Financial Results Wednesday, August 9, 2023

AUSTIN, Texas, July 28, 2023 (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...

7 months ago - GlobeNewsWire

FTC Solar Appoints Tony Alvarez as Board Observer

AUSTIN, Texas, July 06, 2023 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading global provider of solar tracker systems, software, and engineering services, today announced the appointment...

8 months ago - GlobeNewsWire

FTC Solar Announces First Quarter 2023 Financial Results

First Quarter Highlights and Recent Developments  Revenue growth of 56% quarter over quarter (q/q) Gross margin of 5.0%, or 7.3% Non-GAAP, up >10 points q/q & 57 points over last 2 quarters New Pionee...

10 months ago - GlobeNewsWire

FTC Solar to Announce First Quarter Financial Results Wednesday, May 10, 2023

AUSTIN, Texas, April 27, 2023 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, today announced it will report its fi...

10 months ago - GlobeNewsWire

FTC Solar to Present at Roth Conference March 13, 2023

AUSTIN, Texas, March 10, 2023 (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...

1 year ago - GlobeNewsWire

FTC Solar Announces Fourth Quarter 2022 Financial Results

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

1 year ago - GlobeNewsWire

FTC Solar to Announce Fourth Quarter and Full Year 2022 Financial Results Tuesday, February 28, 2023

AUSTIN, Texas, Feb. 15, 2023 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software and engineering services, today announced it will report its four...

1 year ago - GlobeNewsWire

FTC Solar Announces Solar Tracker Manufacturing Joint Venture

Sealy, Texas facility will bolster domestic supply chain Sealy, Texas facility will bolster domestic supply chain

1 year ago - GlobeNewsWire

FTC Solar Announces Board Transition

T.J. Rodgers to step down from Board after 5 years Shaker Sadasivam named Chairman of the Board Tamara Mullings to join the Board

1 year ago - GlobeNewsWire

FTC Solar to Present at Needham Growth Conference January 12, 2023

AUSTIN, Texas, Jan. 09, 2023 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software and engineering services, today announced that it is scheduled to...

1 year ago - GlobeNewsWire

FTC Solar Announces Third Quarter 2022 Financial Results

Third Quarter Highlights and Recent Developments

1 year ago - GlobeNewsWire

FTC's Novel Clamping Solution for First Solar Modules Enables Rapid Installation

AUSTIN, Texas , Nov. 8, 2022 /PRNewswire/ -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, developed a novel clamping solution that e...

1 year ago - PRNewsWire

FTC Solar to Announce Third Quarter 2022 Financial Results Wednesday, November 9, 2022

AUSTIN, Texas, Oct. 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 thir...

1 year ago - GlobeNewsWire

FTC Solar to Supply 128MW Hybrid Solar Project in Australia

Project expected to be largest DC-coupled solar and battery project in Australia Project expected to be largest DC-coupled solar and battery project in Australia

1 year ago - GlobeNewsWire

FTC Solar ($FTCI) Announces 500 Megawatt Tracker Supply Agreement with Primoris Renewable Energy

FTC Solar, Inc. ($FTCI), has announced that it has been selected by Primoris Renewable Energy to supply at least 500 megawatts of its solar tracker technology for multiple project sites in the U.S. Pr...

1 year ago - Green Stock News

FTC Solar and Primoris Announce 500 Megawatt Tracker Supply Agreement

New Pioneer 1P Tracker Selected for its ease of installation, fewer required foundations and low capital and labor cost New Pioneer 1P Tracker Selected for its ease of installation, fewer required fou...

1 year ago - GlobeNewsWire

FTC Solar Launches New 1P Solar Tracking System - Pioneer

Requires 18%-36% fewer foundations, reducing capital and labor cost Enables 5%+ greater energy output with higher density  New 500 megawatt tracker agreement to include multiple projects utilizing Pio...

1 year ago - PRNewsWire

FTC Solar Announces Second Quarter 2022 Financial Results

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

1 year ago - GlobeNewsWire