FTC Solar, Inc. (NASDAQ:FTCI – Get Free Report) has received a consensus rating of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $10.50.
A number of equities analysts have weighed in on FTCI shares. Wall Street Zen downgraded FTC Solar from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. TD Cowen lowered their price objective on shares of FTC Solar from $8.00 to $5.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Roth Capital set a $7.00 price objective on shares of FTC Solar and gave the stock a “buy” rating in a research report on Wednesday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of FTC Solar in a report on Wednesday, June 24th.
Get Our Latest Stock Analysis on FTC Solar
Institutional Investors Weigh In On FTC Solar
FTC Solar Stock Performance
Shares of FTC Solar stock opened at $2.34 on Friday. The business’s 50 day simple moving average is $4.05 and its 200 day simple moving average is $5.27. FTC Solar has a 52-week low of $2.28 and a 52-week high of $12.75. The firm has a market cap of $38.66 million, a PE ratio of -0.37 and a beta of 1.87.
FTC Solar Company Profile
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.
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