FTC Solar Appoints Anthony Carroll to Board of Directors
FTC Solar announced the appointment of Anthony Carroll to its Board of Directors, effective December 15, 2025. Carroll is currently the CEO of Veev.
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Roth Upgrades FTC Solar to Buy Due to Strong Bookings, Pipeline, and Growth Prospects
Stock Performance: FTC Solar's stock fell 3.4% despite receiving a Buy upgrade from Roth Capital, which raised its price target from $5.50 to $15, citing consistent execution under CEO Yann Brandt.
Financial Improvement: Analyst Philip Shen highlighted FTC Solar's turnaround with four consecutive quarters of revenue growth, improved gross margins, and a strong liquidity position, alongside a positive outlook for future growth.
Q3 Revenue Results: The company reported Q3 revenues of $26 million, exceeding expectations, and guided for Q4 revenues of approximately $33 million, indicating a 25% quarter-over-quarter growth.
Profitability Concerns: Despite recent improvements, FTC Solar has historically struggled to generate profits and remains highly leveraged.
FTC Solar Stock Rises 34% Following Strong Q3 Revenue Results
Strong Earnings Report: FTC Solar, Inc. reported a 156.8% year-over-year increase in third-quarter revenue, totaling $26.0 million, along with a 30.2% quarter-over-quarter growth.
Positive Gross Margin: The company achieved a non-GAAP gross margin of 7.7%, marking its first positive result in years.
Stock Performance: Following the earnings announcement, FTCI's stock surged by 34.12% to $9.93, with significant trading volume indicating strong investor interest.
52-Week Stock Range: The stock's 52-week range is noted to be between $2.65 and $9.93.
