FTC Solar (NASDAQ:FTCI) Raised to “Hold” at Zacks Research

FTC Solar (NASDAQ:FTCI) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Other equities analysts have also issued research reports about the company. Roth Capital set a $15.00 price target on FTC Solar in a research note on Monday. TD Cowen increased their target price on FTC Solar from $8.00 to $12.50 and gave the company a “buy” rating in a report on Thursday, November 13th. Weiss Ratings restated a “sell (e+)” rating on shares of FTC Solar in a research report on Wednesday, October 8th. Finally, UBS Group reiterated a “neutral” rating and set a $5.50 target price (up from $3.80) on shares of FTC Solar in a research report on Monday, August 18th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, FTC Solar currently has an average rating of “Hold” and an average target price of $8.30.

FTC Solar Price Performance

NASDAQ FTCI opened at $9.00 on Tuesday. FTC Solar has a 1 year low of $2.13 and a 1 year high of $11.45. The business’s fifty day moving average is $8.15 and its two-hundred day moving average is $6.03. The stock has a market capitalization of $134.46 million, a P/E ratio of -2.08 and a beta of 1.46. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.53 and a current ratio of 1.66.

FTC Solar (NASDAQ:FTCI) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($0.36) earnings per share for the quarter, topping the consensus estimate of ($0.50) by $0.14. The firm had revenue of $26.03 million for the quarter, compared to analysts’ expectations of $21.12 million. FTC Solar had a negative net margin of 69.25% and a negative return on equity of 549.96%. FTC Solar has set its Q4 2025 guidance at EPS. On average, research analysts forecast that FTC Solar will post -3.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its stake in FTC Solar by 81.3% during the first quarter. Goldman Sachs Group Inc. now owns 30,581 shares of the company’s stock worth $88,000 after purchasing an additional 13,715 shares during the period. Jane Street Group LLC purchased a new position in FTC Solar in the second quarter valued at about $79,000. Finally, Vanguard Group Inc. lifted its stake in shares of FTC Solar by 18.4% during the third quarter. Vanguard Group Inc. now owns 342,858 shares of the company’s stock worth $2,417,000 after purchasing an additional 53,391 shares in the last quarter. Hedge funds and other institutional investors own 45.36% of the company’s stock.

About FTC Solar

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.