FTC Solar, Inc. (NASDAQ:FTCI – Get Free Report) CEO Anthony Carroll purchased 24,745 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were acquired at an average cost of $2.08 per share, with a total value of $51,469.60. Following the purchase, the chief executive officer directly owned 666,200 shares of the company’s stock, valued at approximately $1,385,696. The trade was a 3.86% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
FTC Solar Stock Up 6.1%
Shares of FTC Solar stock opened at $2.43 on Friday. FTC Solar, Inc. has a twelve month low of $1.99 and a twelve month high of $12.75. The stock has a market cap of $40.14 million, a price-to-earnings ratio of -0.39 and a beta of 1.87. The company’s fifty day moving average is $3.62 and its 200 day moving average is $4.72.
Institutional Trading of FTC Solar
Hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its holdings in FTC Solar by 8.2% during the fourth quarter. Geode Capital Management LLC now owns 112,308 shares of the company’s stock worth $1,226,000 after buying an additional 8,518 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of FTC Solar during the fourth quarter valued at about $109,000. Hudson Bay Capital Management LP bought a new stake in shares of FTC Solar during the fourth quarter worth about $135,000. Jane Street Group LLC bought a new stake in shares of FTC Solar during the fourth quarter worth about $135,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of FTC Solar by 81.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 30,581 shares of the company’s stock worth $88,000 after acquiring an additional 13,715 shares during the last quarter. Institutional investors own 45.36% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on FTC Solar
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.
Featured Articles
- Five stocks we like better than FTC Solar
- Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
- Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
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.
-logo-1200x675.png){kind=logo}
