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FTC Solar NasdaqCM:FTCI Stock Report

Last Price

US$3.57

Market Cap

US$45.6m

7D

8.5%

1Y

-51.6%

Updated

24 Dec, 2024

Data

Company Financials +

FTCI Stock Overview

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. More details

FTCI fundamental analysis
Snowflake Score
Valuation1/6
Future Growth5/6
Past Performance0/6
Financial Health5/6
Dividends0/6

My Notes

Capture your thoughts, links and company narrative

FTC Solar, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for FTC Solar
Historical stock prices
Current Share PriceUS$3.57
52 Week HighUS$8.10
52 Week LowUS$1.76
Beta1.57
1 Month Change-11.61%
3 Month Change-32.09%
1 Year Change-51.55%
3 Year Change-95.12%
5 Year Changen/a
Change since IPO-97.50%

Recent News & Updates

Recent updates

A Piece Of The Puzzle Missing From FTC Solar, Inc.'s (NASDAQ:FTCI) 30% Share Price Climb

May 21
A Piece Of The Puzzle Missing From FTC Solar, Inc.'s (NASDAQ:FTCI) 30% Share Price Climb

FTC Solar, Inc. (NASDAQ:FTCI) Analysts Just Slashed This Year's Estimates

Mar 17
FTC Solar, Inc. (NASDAQ:FTCI) Analysts Just Slashed This Year's Estimates

FTC Solar, Inc. (NASDAQ:FTCI) Consensus Forecasts Have Become A Little Darker Since Its Latest Report

Mar 16
FTC Solar, Inc. (NASDAQ:FTCI) Consensus Forecasts Have Become A Little Darker Since Its Latest Report

Slammed 26% FTC Solar, Inc. (NASDAQ:FTCI) Screens Well Here But There Might Be A Catch

Feb 06
Slammed 26% FTC Solar, Inc. (NASDAQ:FTCI) Screens Well Here But There Might Be A Catch

Companies Like FTC Solar (NASDAQ:FTCI) Could Be Quite Risky

Jan 15
Companies Like FTC Solar (NASDAQ:FTCI) Could Be Quite Risky

FTC Solar, Inc. (NASDAQ:FTCI) Stock Catapults 82% Though Its Price And Business Still Lag The Industry

Dec 18
FTC Solar, Inc. (NASDAQ:FTCI) Stock Catapults 82% Though Its Price And Business Still Lag The Industry

Revenue Downgrade: Here's What Analysts Forecast For FTC Solar, Inc. (NASDAQ:FTCI)

Nov 09
Revenue Downgrade: Here's What Analysts Forecast For FTC Solar, Inc. (NASDAQ:FTCI)

Bearish: Analysts Just Cut Their FTC Solar, Inc. (NASDAQ:FTCI) Revenue and EPS estimates

Aug 11
Bearish: Analysts Just Cut Their FTC Solar, Inc. (NASDAQ:FTCI) Revenue and EPS estimates

Investors Appear Satisfied With FTC Solar, Inc.'s (NASDAQ:FTCI) Prospects As Shares Rocket 34%

Apr 17
Investors Appear Satisfied With FTC Solar, Inc.'s (NASDAQ:FTCI) Prospects As Shares Rocket 34%

FTC Solar, Inc. (NASDAQ:FTCI) Analysts Just Trimmed Their Revenue Forecasts By 10%

Mar 16
FTC Solar, Inc. (NASDAQ:FTCI) Analysts Just Trimmed Their Revenue Forecasts By 10%

Analyst Forecasts Just Got A Lot More Bearish On FTC Solar, Inc. (NASDAQ:FTCI)

Nov 12
Analyst Forecasts Just Got A Lot More Bearish On FTC Solar, Inc. (NASDAQ:FTCI)

Shareholder Returns

FTCIUS ElectricalUS Market
7D8.5%-3.8%-2.2%
1Y-51.6%22.3%23.9%

Return vs Industry: FTCI underperformed the US Electrical industry which returned 22.3% over the past year.

Return vs Market: FTCI underperformed the US Market which returned 23.9% over the past year.

Price Volatility

Is FTCI's price volatile compared to industry and market?
FTCI volatility
FTCI Average Weekly Movement15.7%
Electrical Industry Average Movement11.5%
Market Average Movement6.3%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.1%

Stable Share Price: FTCI's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: FTCI's weekly volatility has decreased from 23% to 16% over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
2017213Yann Brandtftcsolar.com

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. Its customers include project developers and solar asset owners, as well as engineering, procurement, and construction contractors that design and build solar energy projects.

FTC Solar, Inc. Fundamentals Summary

How do FTC Solar's earnings and revenue compare to its market cap?
FTCI fundamental statistics
Market capUS$45.61m
Earnings (TTM)-US$47.55m
Revenue (TTM)US$57.35m

0.8x

P/S Ratio

-1.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FTCI income statement (TTM)
RevenueUS$57.35m
Cost of RevenueUS$65.17m
Gross Profit-US$7.81m
Other ExpensesUS$39.74m
Earnings-US$47.55m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-3.72
Gross Margin-13.62%
Net Profit Margin-82.90%
Debt/Equity Ratio0%

How did FTCI perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/24 21:44
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

FTC Solar, Inc. is covered by 10 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Moses SuttonBarclays
Moses SuttonBarclays
Julien Dumoulin-SmithBofA Global Research