FTC Solar (FTCI) Projected to Post Earnings on Friday

FTC Solar (NASDAQ:FTCI) will likely be issuing its Q1 2025 quarterly earnings data before the market opens on Friday, May 9th. Analysts expect FTC Solar to post earnings of ($0.58) per share and revenue of $18.83 million for the quarter.

FTC Solar Price Performance

Shares of FTCI opened at $2.97 on Thursday. FTC Solar has a 1 year low of $1.76 and a 1 year high of $7.40. The business’s 50 day simple moving average is $2.79 and its 200-day simple moving average is $3.72. The stock has a market capitalization of $38.81 million, a price-to-earnings ratio of -0.78 and a beta of 1.23.

Analyst Upgrades and Downgrades

FTCI has been the topic of several recent analyst reports. UBS Group reduced their price target on FTC Solar from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. Roth Mkm boosted their target price on shares of FTC Solar from $3.00 to $3.50 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Roth Capital set a $3.00 price target on shares of FTC Solar in a research note on Tuesday, April 1st. Finally, HC Wainwright boosted their price objective on shares of FTC Solar from $1.50 to $5.00 and gave the company a “buy” rating in a research report on Tuesday, April 8th.

Insider Activity at FTC Solar

In other news, Director Ahmad R. Chatila bought 16,740 shares of FTC Solar stock in a transaction on Wednesday, April 2nd. The stock was acquired at an average price of $2.93 per share, with a total value of $49,048.20. Following the completion of the acquisition, the director now directly owns 1,984,708 shares of the company’s stock, valued at $5,815,194.44. The trade was a 0.85 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 22.60% of the stock is currently owned by corporate insiders.

FTC Solar Company Profile

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.