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FTCI Overview

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ET
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ET
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Intellectia

Loading chart...

High
4.920
Open
4.370
VWAP
4.55
Vol
318.83K
Mkt Cap
70.26M
Low
4.350
Amount
1.45M
EV/EBITDA(TTM)
--
Total Shares
16.01M
EV
87.22M
EV/OCF(TTM)
--
P/S(TTM)
0.67
FTC Solar, Inc. is a global provider of solar tracker systems, technology, software, and engineering services. Its original two modules-in-portrait (2P) solar tracker system is marketed under the Voyager brand name (Voyager) and its one module-in-portrait (1P) solar tracker system is marketed under the Pioneer brand name (Pioneer). It also has a mounting solution to support the installation and use of U.S.-manufactured thin-film modules. Its primary software offerings include SUNPATH, which helps customers optimize solar tracking for increased energy production, and SUNOPS real-time operations management platform. It assists its U.S. and worldwide clients in site layout, structural design, pile testing and other needs across the solar project development and construction cycle. Its products and services provide tracker solutions for large utility-scale solar and distributed generation projects around the world. It has operations in Australia, China, India, South Africa and Spain.
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Events Timeline

(ET)
2026-05-05
06:50:00
FTC Solar Appoints Anthony Carroll as New CEO
select
2026-05-05
06:40:00
Company Reports Q1 Revenue of $17.3M, Below Consensus
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2026-04-15 (ET)
2026-04-15
06:10:00
China Considers Restricting Exports of Advanced Solar Equipment to U.S.
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link
2026-03-10 (ET)
2026-03-10
08:40:00
FTC Solar Signs 1,000MW Expansion Agreement with Strata Clean Energy
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2026-03-05 (ET)
2026-03-05
08:00:00
FTC Solar Reports Q4 Revenue of $32.9M
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News

seekingalpha
9.5
05-05seekingalpha
FTC Solar Q1 2026 Earnings Call Insights
  • Leadership Transition: Newly appointed CEO Anthony Carroll emphasized that FTC Solar is at a critical inflection point, aiming for significant growth by expanding internationally and pursuing a leadership position in the tracker industry, indicating a positive outlook for the company's future.
  • Financial Performance: Although Q1 revenue was $17.3 million, falling short of expectations, management highlighted exceptional customer momentum and new business bookings, particularly a new 1 gigawatt contract expected to contribute significantly to 2026 revenue, reflecting the company's competitive position in the market.
  • Future Outlook: Management guided Q2 revenue to be between $22 million and $26 million, with full-year revenue projected to grow approximately 40% compared to 2025, demonstrating confidence in future growth potential despite facing some policy and financing uncertainties.
  • Operational Risks: Management acknowledged that a delay in a key project caused Q1 performance to fall below targets; however, they plan to cease using the ATM financing and take actions to terminate the program to improve liquidity conditions.
seekingalpha
9.5
05-05seekingalpha
FTC Solar Reports Q1 Losses Amid Revenue Decline
  • Poor Financial Performance: FTC Solar reported a Q1 GAAP EPS of -$0.72 with revenue of $17.3 million, a 17% year-over-year decline, indicating ongoing pressure in market competition and deteriorating profitability.
  • Revenue Guidance Discrepancy: While the company guided for Q2 revenue between $22 million and $26 million, the actual Q1 revenue of $17.3 million fell significantly short of expectations, reflecting weak market demand and sales challenges.
  • Deteriorating Non-GAAP Metrics: The Q1 non-GAAP gross profit loss was $0.4 million with a gross margin of -2.2%, while the company anticipates a gross margin range of -6.4% to 4.0% for Q2, highlighting significant challenges in cost control and profitability.
  • Operating Expense Management: Despite Q1 non-GAAP operating expenses of $7.8 million being below the upper guidance limit, the company still faces pressure from expenses potentially reaching $8.9 million, which could impact future financial flexibility and investment capacity.
Newsfilter
9.5
05-05Newsfilter
FTC Solar Reports Q1 Results and Leadership Transition
  • Significant Revenue Decline: FTC Solar reported first-quarter revenue of $17.3 million, representing a 47.5% decrease from the previous quarter and a 17.0% decline year-over-year, indicating pressure in market competition that could affect investor confidence moving forward.
  • Gross Loss Worsens: The GAAP gross loss for Q1 was $1.2 million, or 7.1% of revenue, compared to a gross profit of $4.9 million in the prior quarter, reflecting challenges in cost control and market demand that may lead to greater financial strain in the short term.
  • Leadership Transition: Board member Anthony Carroll was appointed CEO on April 29, bringing extensive experience in renewables, which is seen as critical for the company's transformation and may provide new growth momentum for FTC Solar.
  • Backlog Increases: The company's current backlog stands at approximately $543 million, indicating future revenue potential despite a poor first quarter; if effectively converted into actual revenue, this could positively impact the company's long-term growth trajectory.
seekingalpha
7.5
03-10seekingalpha
FTC Solar Signs 1 GW Tracker Supply Expansion with Strata Clean Energy
  • Long-Term Partnership: FTC Solar has signed a five-year, 1 GW expansion agreement with Strata Clean Energy, set to take effect in H2 2027, which will further solidify FTC Solar's position in the U.S. market amid rapid growth in the renewable energy sector.
  • Supply Agreement Context: Previously, FTC Solar entered a three-year, 500 MW supply agreement with Strata, becoming their preferred supplier of 2P solar trackers, showcasing FTC Solar's advantages in technology and customer support, thereby enhancing its market competitiveness.
  • Positive Customer Feedback: Strata CEO Markus Wilhelm noted that using FTC trackers has resulted in significant labor efficiencies and cost savings, and their products are easy to install, reflecting FTC Solar's ongoing commitment to innovation and customer support, which boosts customer satisfaction.
  • International Market Expansion: FTC Solar has also signed an 840 MW supply agreement with South African firm Lubanzi Inala, set to commence in mid-2026, indicating the company's strategy to expand in global markets and capitalize on the growing demand for renewable energy internationally.
Benzinga
7.5
03-10Benzinga
FTC Solar Expands Supply Agreement with Strata Clean Energy
  • Agreement Expansion: FTC Solar has signed a five-year, 1,000MW solar tracker supply agreement with Strata Clean Energy, marking a deepening of their partnership after completing the initial 500MW project ahead of schedule, with the first project expected to commence in the second half of 2027, enhancing FTC Solar's competitive edge in the clean energy market.
  • Innovative Product Advantage: CEO Yann Brandt emphasized that FTC Solar's product portfolio includes the fastest and easiest-to-install trackers in the market, and the ongoing focus on innovation and customer support is expected to enhance customer satisfaction, driving the success of future projects.
  • Significant Cost Efficiency: Strata's CEO Markus Wilhelm noted that using FTC trackers has resulted in meaningful labor efficiencies and cost savings, indicating that FTC Solar's products provide high economic value in practical applications, further solidifying its market position.
  • Market Reaction Analysis: Although FTC Solar's stock fell 1.33% to $4.45 in premarket trading on Tuesday, analysts generally maintain a 'Buy' rating, reflecting a cautiously optimistic outlook on the company's future growth potential.
seekingalpha
9.5
03-05seekingalpha
FTC Solar Reports Strong Q4 2025 Earnings Growth and Strategic Developments
  • Significant Revenue Growth: FTC Solar reported Q4 2025 revenue of $32.9 million, exceeding the midpoint of its guidance range of $30 million to $35 million, reflecting a robust 26% sequential growth that underscores the company's strong market performance and ongoing growth potential.
  • Record Gross Margins: The company achieved a GAAP gross profit of $6.9 million, representing 21% of revenue, while non-GAAP gross profit reached $7.7 million or 23.4%, marking a significant improvement in profitability that enhances FTC Solar's competitive position in the industry.
  • Increased Contract Backlog: FTC Solar's contracted backlog now stands at $491 million, with an increase of $60 million since November 12, indicating strong confidence in customer demand and market opportunities that are expected to drive future revenue growth.
  • Clear Strategic Goals: Management reaffirmed its aim to become a top three tracker provider, highlighting a 1 GW supply agreement with a leading U.S. developer and an 840 MW multi-year MSA with Lubanzi in South Africa, demonstrating the company's expansion and diversification strategy in the global market.
Wall Street analysts forecast FTCI stock price to rise
4 Analyst Rating
Wall Street analysts forecast FTCI stock price to rise
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 0.000
sliders
Low
10.00
Averages
14.38
High
20.00
Current: 0.000
sliders
Low
10.00
Averages
14.38
High
20.00
TD Cowen
Buy
downgrade
$8 -> $5
AI Analysis
2026-05-06
New
Reason
TD Cowen
Price Target
$8 -> $5
AI Analysis
2026-05-06
New
downgrade
Buy
Reason
TD Cowen lowered the firm's price target on FTC Solar to $5 from $8 and keeps a Buy rating on the shares. The firm said they posted a mixed quarter: revenue missed the guide, gross margin reverted to negative, and the board replaced the CEO.
Roth Capital
Buy
downgrade
$15 -> $10
2026-03-09
Reason
Roth Capital
Price Target
$15 -> $10
2026-03-09
downgrade
Buy
Reason
Roth Capital lowered the firm's price target on FTC Solar to $10 from $15 and keeps a Buy rating on the shares. The company reported inline Q4 revenue with better than expected margins and EBITDA, the analyst tells investors in a research note. Roth attributes the 38% pullback since March 5 to FTC's "weak" Q1 guidance and 2026 outlook not as strong as consensus. The firm is not too concerned about the covenant default and expects FTC to be in compliance near-term.
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Valuation Metrics

The current forward P/E ratio for FTC Solar Inc (FTCI.O) is 18.83, compared to its 5-year average forward P/E of -18.60. For a more detailed relative valuation and DCF analysis to assess FTC Solar Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
-18.60
Current PE
18.83
Overvalued PE
18.44
Undervalued PE
-55.64

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
-18.31
Current EV/EBITDA
-2.24
Overvalued EV/EBITDA
11.71
Undervalued EV/EBITDA
-48.34

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
1.16
Current PS
0.29
Overvalued PS
2.04
Undervalued PS
0.28

Financials

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Whales Holding FTCI

E
Electron Capital Partners, LLC
Holding
FTCI
+17.82%
3M Return

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Frequently Asked Questions

What is FTC Solar Inc (FTCI) stock price today?

The current price of FTCI is 4.39 USD — it has increased 2.81

What is FTC Solar Inc (FTCI)'s business?

FTC Solar, Inc. is a global provider of solar tracker systems, technology, software, and engineering services. Its original two modules-in-portrait (2P) solar tracker system is marketed under the Voyager brand name (Voyager) and its one module-in-portrait (1P) solar tracker system is marketed under the Pioneer brand name (Pioneer). It also has a mounting solution to support the installation and use of U.S.-manufactured thin-film modules. Its primary software offerings include SUNPATH, which helps customers optimize solar tracking for increased energy production, and SUNOPS real-time operations management platform. It assists its U.S. and worldwide clients in site layout, structural design, pile testing and other needs across the solar project development and construction cycle. Its products and services provide tracker solutions for large utility-scale solar and distributed generation projects around the world. It has operations in Australia, China, India, South Africa and Spain.

What is the price predicton of FTCI Stock?

Wall Street analysts forecast FTCI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FTCI is14.38 USD with a low forecast of 10.00 USD and a high forecast of 20.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is FTC Solar Inc (FTCI)'s revenue for the last quarter?

FTC Solar Inc revenue for the last quarter amounts to 17.27M USD, decreased -17.01

What is FTC Solar Inc (FTCI)'s earnings per share (EPS) for the last quarter?

FTC Solar Inc. EPS for the last quarter amounts to 2.09 USD, decreased -796.67

How many employees does FTC Solar Inc (FTCI). have?

FTC Solar Inc (FTCI) has 232 emplpoyees as of May 11 2026.

What is FTC Solar Inc (FTCI) market cap?

Today FTCI has the market capitalization of 70.26M USD.