FTC Solar (FTCI) versus Its Peers Head to Head Review

FTC Solar (NASDAQ:FTCI) is one of 218 public companies in the “Electrical Equipment” industry, but how does it weigh in compared to its competitors? We will compare FTC Solar to similar businesses based on the strength of its analyst recommendations, institutional ownership, valuation, profitability, dividends, risk and earnings.

Insider and Institutional Ownership

45.4% of FTC Solar shares are owned by institutional investors. Comparatively, 37.4% of shares of all “Electrical Equipment” companies are owned by institutional investors. 19.2% of FTC Solar shares are owned by company insiders. Comparatively, 14.9% of shares of all “Electrical Equipment” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Valuation and Earnings

This table compares FTC Solar and its competitors gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
FTC Solar	$109.10 million	-$79.58 million	-0.25
FTC Solar Competitors	$2.47 billion	$148.77 million	20.51

FTC Solar’s competitors have higher revenue and earnings than FTC Solar. FTC Solar is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares FTC Solar and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
FTC Solar	-19.76%	N/A	-40.33%
FTC Solar Competitors	-372.62%	-44.70%	-7.06%

Analyst Recommendations

This is a summary of recent ratings and recommmendations for FTC Solar and its competitors, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
FTC Solar	1	1	4	0	2.50
FTC Solar Competitors	2312	5199	7250	440	2.38

FTC Solar presently has a consensus price target of $8.90, suggesting a potential upside of 595.31%. As a group, “Electrical Equipment” companies have a potential upside of 44.97%. Given FTC Solar’s stronger consensus rating and higher possible upside, equities analysts clearly believe FTC Solar is more favorable than its competitors.

Risk and Volatility

FTC Solar has a beta of 1.75, suggesting that its stock price is 75% more volatile than the S&P 500. Comparatively, FTC Solar’s competitors have a beta of -20.13, suggesting that their average stock price is 2,113% less volatile than the S&P 500.

Summary

FTC Solar beats its competitors on 8 of the 13 factors compared.

About FTC Solar

FTC Solar, Inc. (NASDAQ: FTCI) provides solar tracker systems, software, and engineering services for utility-scale photovoltaic projects. Its technology is designed to help solar panels follow the sun throughout the day, increasing energy production and supporting more efficient project development and operation. The company’s offerings include single-axis tracker systems, proprietary tracker-control and optimization software, and related engineering, technical, and installation support. FTC Solar’s software tools are intended to help project developers and operators optimize panel positioning, account for site conditions, and manage the performance of large solar installations.