FTC Solar, Inc. (NASDAQ:FTCI – Get Free Report) Director Shaker Sadasivam purchased 33,290 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were purchased at an average price of $2.19 per share, for a total transaction of $72,905.10. Following the completion of the transaction, the director directly owned 114,798 shares of the company’s stock, valued at $251,407.62. This represents a 40.84% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
FTC Solar Stock Up 9.1%
Shares of NASDAQ:FTCI traded up $0.22 during midday trading on Friday, reaching $2.65. The company’s stock had a trading volume of 263,423 shares, compared to its average volume of 160,995. The firm has a 50 day moving average of $3.62 and a 200-day moving average of $4.72. The firm has a market capitalization of $43.78 million, a P/E ratio of -0.42 and a beta of 1.87. FTC Solar, Inc. has a 12-month low of $1.99 and a 12-month high of $12.75.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of FTC Solar by 8.2% during the fourth quarter. Geode Capital Management LLC now owns 112,308 shares of the company’s stock valued at $1,226,000 after buying an additional 8,518 shares during the last quarter. Vanguard Group Inc. raised its holdings in FTC Solar by 18.4% in the 3rd quarter. Vanguard Group Inc. now owns 342,858 shares of the company’s stock worth $2,417,000 after acquiring an additional 53,391 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in FTC Solar in the 4th quarter valued at approximately $296,000. Laurel Oak Wealth Management LLC purchased a new stake in FTC Solar during the 1st quarter valued at $60,000. Finally, Renaissance Technologies LLC increased its holdings in shares of FTC Solar by 178.0% in the 1st quarter. Renaissance Technologies LLC now owns 93,400 shares of the company’s stock worth $353,000 after purchasing an additional 59,800 shares in the last quarter. 45.36% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Get Our Latest 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.
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