Roth Capital Upgrades FTC Solar (NASDAQ:FTCI) to “Buy”

FTC Solar (NASDAQ:FTCI) was upgraded by equities research analysts at Roth Capital from a “neutral” rating to a “buy” rating in a report released on Monday, Marketbeat Ratings reports.

Several other analysts have also recently issued reports on the stock. TD Cowen upped their price target on shares of FTC Solar from $8.00 to $12.50 and gave the company a “buy” rating in a report on Thursday. UBS Group restated a “neutral” rating and issued a $5.50 target price (up previously from $3.80) on shares of FTC Solar in a research note on Monday, August 18th. Weiss Ratings reiterated a “sell (e+)” rating on shares of FTC Solar in a research report on Wednesday, October 8th. Finally, Zacks Research lowered FTC Solar from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $5.90.

FTC Solar Stock Down 0.1%

Shares of NASDAQ FTCI traded down $0.01 on Monday, hitting $10.42. The company had a trading volume of 159,141 shares, compared to its average volume of 117,857. The company has a quick ratio of 1.53, a current ratio of 1.66 and a debt-to-equity ratio of 1.20. FTC Solar has a 12-month low of $2.13 and a 12-month high of $11.45. The firm has a market capitalization of $155.67 million, a P/E ratio of -2.41 and a beta of 1.46. The business has a 50 day moving average of $7.98 and a two-hundred day moving average of $5.92.

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

Institutional Trading of FTC Solar

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in FTC Solar by 18.4% during the 3rd quarter. Vanguard Group Inc. now owns 342,858 shares of the company’s stock valued at $2,417,000 after purchasing an additional 53,391 shares during the period. Jane Street Group LLC bought a new stake in FTC Solar in the second quarter valued at $79,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of FTC Solar by 81.3% during the first quarter. Goldman Sachs Group Inc. now owns 30,581 shares of the company’s stock valued at $88,000 after acquiring an additional 13,715 shares during the period. 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.