Key Points
- Director David Springer sold 100,000 shares on Nov. 18 at an average of $8.98 for a total of $898,000, reducing his stake by 12.67% to 689,222 shares, per an SEC filing.
- FTC Solar reported Q3 EPS of -$0.36 (beating estimates of -$0.50) and revenue of $26.03 million, but remains unprofitable with a negative ROE (~-549.96%) and net margin (~-69.25%).
- The stock trades around $8.42 with 50-/200-day averages of $8.18/$6.04, and analysts hold a consensus rating of "Hold" with a $8.30 consensus target (price targets range roughly $5.50–$15).
FTC Solar, Inc. (NASDAQ:FTCI - Get Free Report) Director David Springer sold 100,000 shares of the company's stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $8.98, for a total transaction of $898,000.00. Following the completion of the sale, the director owned 689,222 shares of the company's stock, valued at approximately $6,189,213.56. This trade represents a 12.67% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
FTC Solar Trading Down 0.2%
NASDAQ FTCI opened at $8.42 on Friday. The firm's 50 day moving average price is $8.18 and its two-hundred day moving average price is $6.04. 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, Inc. has a twelve month low of $2.13 and a twelve month high of $11.45. The stock has a market cap of $125.72 million, a price-to-earnings ratio of -1.96 and a beta of 1.46.
FTC Solar (NASDAQ:FTCI - Get Free Report) last released its earnings results on Wednesday, November 12th. The company reported ($0.36) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.50) by $0.14. FTC Solar had a negative return on equity of 549.96% and a negative net margin of 69.25%.The company had revenue of $26.03 million during the quarter, compared to analyst estimates of $21.12 million. FTC Solar has set its Q4 2025 guidance at EPS. Equities analysts anticipate that FTC Solar, Inc. will post -3.98 EPS for the current year.
Wall Street Analysts Forecast Growth
FTCI has been the subject of a number of research reports. Zacks Research upgraded FTC Solar from a "strong sell" rating to a "hold" rating in a research report on Tuesday. UBS Group reissued a "neutral" rating and issued a $5.50 price target (up from $3.80) on shares of FTC Solar in a research report on Monday, August 18th. Roth Capital set a $15.00 price objective on shares of FTC Solar in a research report on Monday. TD Cowen increased their target price on shares of FTC Solar from $8.00 to $12.50 and gave the stock a "buy" rating in a research report on Thursday, November 13th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of FTC Solar in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, FTC Solar currently has a consensus rating of "Hold" and a consensus target price of $8.30.
Get Our Latest Research Report on FTCI
Institutional Investors Weigh In On FTC Solar
Several institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC bought a new stake in FTC Solar in the second quarter worth $79,000. Goldman Sachs Group Inc. raised its holdings in 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 buying an additional 13,715 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of FTC Solar by 18.4% in the third quarter. Vanguard Group Inc. now owns 342,858 shares of the company's stock worth $2,417,000 after buying an additional 53,391 shares during the last quarter. Institutional investors and hedge funds own 45.36% of the company's stock.
FTC Solar Company Profile
(
Get Free Report)
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.
Further Reading
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