TD Cowen Cuts FTC Solar (NASDAQ:FTCI) Price Target to $8.00

FTC Solar (NASDAQ:FTCI) had its price target reduced by TD Cowen from $12.50 to $8.00 in a report issued on Friday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently weighed in on FTCI. Zacks Research raised shares of FTC Solar from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. HC Wainwright restated a “buy” rating and set a $20.00 price target (up from $5.00) on shares of FTC Solar in a research report on Wednesday, January 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FTC Solar in a research note on Monday, December 29th. Roth Mkm set a $15.00 price objective on shares of FTC Solar in a report on Monday, November 17th. Finally, UBS Group reiterated a “neutral” rating and set a $10.00 price objective (up from $5.50) on shares of FTC Solar in a research note on Tuesday, December 2nd. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $13.25.

FTC Solar Stock Down 23.1%

FTCI opened at $4.16 on Friday. The stock’s 50 day moving average price is $10.01 and its 200 day moving average price is $8.94. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.66 and a quick ratio of 1.53. The stock has a market cap of $62.15 million, a P/E ratio of -0.74 and a beta of 1.48. FTC Solar has a 12 month low of $2.13 and a 12 month high of $12.75.

Insider Transactions at FTC Solar

In related news, Director Anthony Carroll bought 10,638 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were bought at an average cost of $9.53 per share, with a total value of $101,380.14. Following the completion of the transaction, the director directly owned 24,205 shares of the company’s stock, valued at approximately $230,673.65. This trade represents a 78.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Yann Brandt sold 37,775 shares of the company’s stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $10.84, for a total value of $409,481.00. Following the sale, the chief executive officer directly owned 776,425 shares of the company’s stock, valued at approximately $8,416,447. This represents a 4.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 42,660 shares of company stock valued at $462,874 in the last three months. 21.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FTC Solar

Institutional investors have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV acquired a new stake in FTC Solar during the 4th quarter worth about $109,000. Hudson Bay Capital Management LP acquired a new stake in shares of FTC Solar during the fourth quarter valued at approximately $135,000. Jane Street Group LLC purchased a new stake in shares of FTC Solar in the 4th quarter valued at approximately $135,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in FTC Solar in the 4th quarter worth approximately $296,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in FTC Solar in the 4th quarter worth approximately $314,000. Hedge funds and other institutional investors own 45.36% of the company’s stock.

Key Stories Impacting FTC Solar

Here are the key news stories impacting FTC Solar this week:

• Positive Sentiment: Q4 operational improvement — FTC reported Q4 revenue of $32.9M (strong q/q and y/y growth), materially improved gross margins and its best Adjusted EBITDA in six years, signaling operating recovery and margin progress. GlobeNewswire Q4 release
• Positive Sentiment: Large multi‑year supply awards — the company disclosed a ~1 GW supply agreement with a U.S. developer and an 840 MW, three‑year deal with Lubanzi in South Africa, which expand visible backlog and pipeline for 2026+. InsiderMonkey article
• Neutral Sentiment: Full earnings disclosure and call transcripts are available — management reiterated recovery narrative and expects bookings acceleration in 2026 but noted lingering regulatory-driven booking delays in 2025. These materials provide detail but did not change the immediate market reaction. Earnings call transcript
• Negative Sentiment: Weak Q1 2026 revenue guide — FTC guided $20M–$25M for Q1 vs. consensus around $35M; that shortfall triggered a sharp market sell‑off and explains most of today’s downward pressure. Investing.com article
• Negative Sentiment: Balance‑sheet and GAAP headline losses — GAAP net loss was large (driven in part by non‑cash changes in warrant fair value and other items) and the company disclosed a default under its July 2025 Credit Agreement (term loan reclassified to current), raising near‑term financing risk. GlobeNewswire disclosure
• Negative Sentiment: Analyst target cut — TD Cowen lowered its price target (from $12.50 to $8.00) while keeping a Buy rating; the reduced target likely dampens near‑term optimism despite the maintained positive view. Benzinga note

About FTC Solar

FTC Solar, Inc (NASDAQ:FTCI) specializes in the design, manufacturing and deployment of solar tracker systems for utility-scale photovoltaic power plants. The company’s tracker solutions are engineered to follow the sun’s path and optimize energy capture, helping customers maximize the performance of their solar assets. In addition to its core mechanical tracker products, FTC Solar offers advanced supervisory control and data acquisition (SCADA) software that enables remote monitoring, predictive maintenance and performance analytics.

Headquartered in Austin, Texas, FTC Solar supports large-scale solar projects across multiple regions, including North America, Latin America, Europe and the Middle East.