FTC Solar, Inc. (FTCI)
NASDAQ: FTCI · Real-Time Price · USD
0.602
+0.046 (8.32%)
Nov 5, 2024, 11:14 AM EST - Market open
FTC Solar Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for FTC Solar stock have an average target of 1.04, with a low estimate of 0.30 and a high estimate of 2.00. The average target predicts an increase of 72.81% from the current stock price of 0.60.
Analyst Consensus: Buy
* Price targets were last updated on Aug 9, 2024.
Analyst Ratings
The average analyst rating for FTC Solar stock from 6 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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 3 | 3 | 3 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 3 | 3 | 3 | 4 | 4 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 7 | 7 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| TD Cowen | TD Cowen | Strong Buy Maintains $1.5 → $1 | Strong Buy | Maintains | $1.5 → $1 | +66.17% | Aug 9, 2024 |
| UBS | UBS | Hold Maintains $0.5 → $0.3 | Hold | Maintains | $0.5 → $0.3 | -50.15% | Aug 9, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $1.5 | Strong Buy | Reiterates | $1.5 | +149.25% | May 13, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $2.5 → $1.5 | Strong Buy | Maintains | $2.5 → $1.5 | +149.25% | Mar 14, 2024 |
| Roth MKM | Roth MKM | Strong Buy → Hold Downgrades $2 → $0.45 | Strong Buy → Hold | Downgrades | $2 → $0.45 | -25.22% | Mar 14, 2024 |
Financial Forecast
Revenue This Year
57.48M
from 127.00M
Decreased by -54.74%
Revenue Next Year
152.72M
from 57.48M
Increased by 165.71%
EPS This Year
-0.33
from -0.44
EPS Next Year
-0.11
from -0.33
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 63.9M | 198.2M | 390.0M | ||
| Avg | 57.5M | 152.7M | 290.1M | ||
| Low | 50.0M | 101.0M | 164.6M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -49.7% | 244.8% | 155.4% | ||
| Avg | -54.7% | 165.7% | 89.9% | ||
| Low | -60.6% | 75.8% | 7.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.32 | -0.06 | 0.15 |
| Avg | -0.33 | -0.11 | 0.04 |
| Low | -0.36 | -0.21 | -0.11 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | - |
| Avg | - | - | - |
| Low | - | - | - |
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.