FTC Solar, Inc. (FTCI)
Market Cap | 67.71M |
Revenue (ttm) | 127.00M |
Net Income (ttm) | -50.29M |
Shares Out | 125.01M |
EPS (ttm) | -0.44 |
PE Ratio | n/a |
Forward PE | 19.46 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 1,234,549 |
Open | 0.570 |
Previous Close | 0.588 |
Day's Range | 0.520 - 0.621 |
52-Week Range | 0.282 - 3.870 |
Beta | 1.60 |
Analysts | Buy |
Price Target | 1.29 (+139.33%) |
Earnings Date | Nov 9, 2022 |
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]
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 StatementsAnalyst Forecast
According to 5 analysts, the average rating for FTCI stock is "Buy." The 12-month stock price forecast is $1.29, which is an increase of 139.33% from the latest price.
News
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
FTC Solar Announces Fourth Quarter 2022 Financial Results
Fourth Quarter Highlights and Recent Developments Fourth Quarter Highlights and Recent Developments
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...
FTC Solar Announces Solar Tracker Manufacturing Joint Venture
Sealy, Texas facility will bolster domestic supply chain Sealy, Texas facility will bolster domestic supply chain
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
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...
FTC Solar Announces Third Quarter 2022 Financial Results
Third Quarter Highlights and Recent Developments
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...
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...
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
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...