FTC Solar (NASDAQ:FTCI) Releases Q2 2021 Earnings Guidance

FTC Solar (NASDAQ:FTCI) updated its second quarter 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of $- for the period. The company issued revenue guidance of $41 million-46 million.

FTCI stock traded up $0.20 during midday trading on Thursday, hitting $11.01. The company’s stock had a trading volume of 469,331 shares, compared to its average volume of 974,321. FTC Solar has a twelve month low of $7.79 and a twelve month high of $15.46.

FTC Solar (NASDAQ:FTCI) last posted its quarterly earnings results on Monday, June 7th. The company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.03). Research analysts expect that FTC Solar will post -0.03 EPS for the current year.

Several analysts have issued reports on FTCI shares. UBS Group assumed coverage on FTC Solar in a research note on Monday, May 24th. They issued a buy rating and a $13.00 price objective on the stock. Roth Capital assumed coverage on FTC Solar in a report on Monday, May 24th. They set a buy rating and a $15.00 price target for the company. Bank of America cut shares of FTC Solar from a buy rating to a neutral rating and reduced their price objective for the stock from $12.00 to $11.50 in a research report on Wednesday. Cowen started coverage on shares of FTC Solar in a research note on Monday, May 24th. They issued an outperform rating and a $13.00 price target on the stock. Finally, Piper Sandler assumed coverage on shares of FTC Solar in a research report on Thursday. They set an overweight rating and a $15.00 price objective for the company. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. FTC Solar presently has a consensus rating of Buy and a consensus target price of $14.31.

FTC Solar Company Profile

FTC Solar, Inc provides solar tracker systems, and software and engineering services in the United States and internationally. The company markets its two-panel in-portrait single-axis tracker systems under the Voyager brand name. Its software solutions include SunPath, a solution to enhance energy production; SunDAT, an online 3D solar PV design solution; and Atlas, a solar portfolio management solution.

Featured Article: What are benefits of a growth and income fund?

Receive News & Ratings for FTC Solar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTC Solar and related companies with MarketBeat.com's FREE daily email newsletter.