FTC Solar, Inc. (FTCI)
NASDAQ: FTCI · IEX Real-Time Price · USD
0.390
+0.001 (0.23%)
At close: Jul 19, 2024, 4:00 PM
0.410
+0.020 (5.18%)
Pre-market: Jul 22, 2024, 7:00 AM EDT
FTC Solar Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for FTC Solar stock have an average target of 1.29, with a low estimate of 0.45 and a high estimate of 2.00. The average target predicts an increase of 230.77% from the current stock price of 0.39.
Analyst Consensus: Buy
* Price targets were last updated on May 13, 2024.
Analyst Ratings
The average analyst rating for FTC Solar stock from 5 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 2 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 2 | 3 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 6 | 6 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $1.5 | Strong Buy | Reiterates | $1.5 | +284.62% | May 13, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $2.5 → $1.5 | Strong Buy | Maintains | $2.5 → $1.5 | +284.62% | Mar 14, 2024 |
| Roth MKM | Roth MKM | Strong Buy → Hold Downgrades $2 → $0.45 | Strong Buy → Hold | Downgrades | $2 → $0.45 | +15.38% | Mar 14, 2024 |
| Northland Capital Markets | Northland Capital Markets | Hold Maintains $0.65 → $1 | Hold | Maintains | $0.65 → $1 | +156.41% | Dec 15, 2023 |
| Raymond James | Raymond James | Strong Buy Maintains $4 → $2 | Strong Buy | Maintains | $4 → $2 | +412.82% | Nov 9, 2023 |
Financial Forecast
Revenue This Year
131.78M
from 127.00M
Increased by 3.76%
Revenue Next Year
257.35M
from 131.78M
Increased by 95.29%
EPS This Year
-0.23
from -0.44
EPS Next Year
-0.01
from -0.23
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 167.0M | 370.1M | 399.4M | 489.3M | 562.7M |
| Avg | 131.8M | 257.4M | 382.7M | 475.3M | 546.6M |
| Low | 93.7M | 117.5M | 362.6M | 456.7M | 525.2M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 31.5% | 180.9% | 55.2% | 27.9% | 18.4% |
| Avg | 3.8% | 95.3% | 48.7% | 24.2% | 15.0% |
| Low | -26.2% | -10.8% | 40.9% | 19.3% | 10.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.15 | 0.08 | 0.25 |
| Avg | -0.23 | -0.01 | 0.24 |
| Low | -0.33 | -0.16 | 0.24 |
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.