image
Energy - Solar - NASDAQ - US
$ 4.95
0 %
$ 64.8 M
Market Cap
-1.36
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jul, 21, 2025.

The intrinsic value of one FTCI stock under the worst case scenario is HIDDEN Compared to the current market price of 4.95 USD, FTC Solar, Inc. is HIDDEN

This DCF valuation model was last updated on Jul, 21, 2025.

The intrinsic value of one FTCI stock under the base case scenario is HIDDEN Compared to the current market price of 4.95 USD, FTC Solar, Inc. is HIDDEN

This DCF valuation model was last updated on Jul, 21, 2025.

The intrinsic value of one FTCI stock under the best case scenario is HIDDEN Compared to the current market price of 4.95 USD, FTC Solar, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart FTCI

image
$5.5$5.5$5.0$5.0$4.5$4.5$4.0$4.0$3.5$3.5$3.0$3.0$2.5$2.5$2.0$2.0Feb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 JunJul '25Jul '2515 Jul15 Jul
FINANCIALS
47.4 M REVENUE
-62.71%
-52.8 M OPERATING INCOME
-4.04%
-48.6 M NET INCOME
3.35%
-34.7 M OPERATING CASH FLOW
34.10%
6.26 M INVESTING CASH FLOW
1677.33%
14.5 M FINANCING CASH FLOW
-57.30%
20.8 M REVENUE
57.57%
-10.6 M OPERATING INCOME
21.36%
-3.82 M NET INCOME
68.79%
-8.48 M OPERATING CASH FLOW
49.18%
3.12 M INVESTING CASH FLOW
-41.41%
3 K FINANCING CASH FLOW
-99.98%
Balance Sheet FTC Solar, Inc.
image
Current Assets 76.1 M
Cash & Short-Term Investments 11.2 M
Receivables 39.7 M
Other Current Assets 25.2 M
Non-Current Assets 13.8 M
Long-Term Investments 954 K
PP&E 3.37 M
Other Non-Current Assets 9.48 M
12.51 %44.16 %27.99 %3.74 %10.54 %Total Assets$89.9m
Current Liabilities 49.1 M
Accounts Payable 13 M
Short-Term Debt 755 K
Other Current Liabilities 35.3 M
Non-Current Liabilities 21.8 M
Long-Term Debt 9.88 M
Other Non-Current Liabilities 11.9 M
18.33 %49.83 %13.93 %16.85 %Total Liabilities$70.9m
EFFICIENCY
Earnings Waterfall FTC Solar, Inc.
image
Revenue 47.4 M
Cost Of Revenue 59.9 M
Gross Profit -12.6 M
Operating Expenses 40.2 M
Operating Income -52.8 M
Other Expenses -4.22 M
Net Income -48.6 M
60m60m40m40m20m20m00(20m)(20m)(40m)(40m)(60m)(60m)47m(60m)(13m)(40m)(53m)4m(49m)RevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
-26.59% GROSS MARGIN
-26.59%
-111.56% OPERATING MARGIN
-111.56%
-102.64% NET MARGIN
-102.64%
-255.34% ROE
-255.34%
-54.05% ROA
-54.05%
-127.57% ROIC
-127.57%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis FTC Solar, Inc.
image
00(20m)(20m)(40m)(40m)(60m)(60m)(80m)(80m)(100m)(100m)(120m)(120m)(140m)(140m)202020202021202120222022202320232024202420252025
Net Income -48.6 M
Depreciation & Amortization 1.67 M
Capital Expenditures -1.64 M
Stock-Based Compensation 5.41 M
Change in Working Capital 501 K
Others -15.3 M
Free Cash Flow -36.3 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets FTC Solar, Inc.
image
Wall Street analysts predict an average 1-year price target for FTCI of $2.23 , with forecasts ranging from a low of $0.4 to a high of $6 .
FTCI Lowest Price Target Wall Street Target
0.4 USD -91.92%
FTCI Average Price Target Wall Street Target
2.23 USD -54.88%
FTCI Highest Price Target Wall Street Target
6 USD 21.21%
Price
Max Price Target
Min Price Target
Average Price Target
887766554433221100Sep '24Sep '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26Jul '26Jul '26
4. DIVIDEND ANALYSIS
5. COMPETITION
slide 2 of 7
6. Ownership
Insider Ownership FTC Solar, Inc.
image
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
6.94 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
197 K USD 1
3-6 MONTHS
159 K USD 1
6-9 MONTHS
498 K USD 2
9-12 MONTHS
7. News
Sen. Elizabeth Warren targets price gouging in new bill as tariff costs, inflation increase Senator Elizabeth Warren is introducing a price gouging bill which would give the FTC and state attorneys general the power to litigate excessive price increases by dominant companies, and force companies to publicly share details of pricing strategy in SEC filings. "Donald Trump's reckless tariff policies are giving companies cover to squeeze families and raise prices more than necessary," said Sen. cnbc.com - 1 week ago
FTC Solar Announces $75 Million Strategic Financing $14.3 million received July 2 Additional $23.2 million expected to close in third quarter of 2025 Total funding scalable to $75 million globenewswire.com - 3 weeks ago
FTC Solar to Participate in Upcoming Investor Conferences AUSTIN, Texas, May 13, 2025 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software and engineering services, today announced that members of its management team, including CEO Yann Brandt, are scheduled to participate in meetings with investors at the following upcoming conferences: globenewswire.com - 2 months ago
FTC Solar (FTCI) Reports Q1 Loss, Tops Revenue Estimates FTC Solar (FTCI) came out with a quarterly loss of $0.84 per share versus the Zacks Consensus Estimate of a loss of $0.67. This compares to loss of $0.90 per share a year ago. zacks.com - 2 months ago
FTC Solar Announces First Quarter 2025 Financial Results First quarter revenue of $20.8 million, up 58% q/q, above target Cost efficiencies drive operating expenses to multi-year low Seeing increased customer interest and activity including bid activity up 60% y/y Upsized promissory note offering expected to close in Q2 Strengthened Board of Directors with addition of two new members AUSTIN, Texas, May 01, 2025 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, today announced financial results for the first quarter that ended March 31, 2025. “We're pleased to report first quarter results which were ahead of target mid-points on all metrics,” said Yann Brandt, President and Chief Executive Officer of FTC Solar. globenewswire.com - 2 months ago
FTC Solar to Announce First Quarter 2025 Financial Results Thursday, May 1, 2025 AUSTIN, Texas, April 24, 2025 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, today announced it will report its first quarter 2025 financial results before market open on Thursday, May 1, 2025. A conference call for members of the investment community will be held at 8:30 a.m. globenewswire.com - 3 months ago
FTC Solar, Inc. (FTCI) Q3 2024 Earnings Call Transcript FTC Solar, Inc. (NASDAQ:FTCI ) Q4 2024 Earnings Conference Call March 31, 2025 9:00 AM ET Company Participants Yann Brandt - President & CEO Cathy Behnen - CFO Patrick Cook - Head of Capital Markets and BD Bill Michalek - VP, IR Conference Call Participants Philip Chen - Roth Capital Partners Jeff Osborne - TD Cowen Operator Good day, and thank you for standing by. Welcome to the FTC Solar Fourth Quarter 2024 Earnings Conference Call. seekingalpha.com - 4 months ago
FTC Solar (FTCI) Reports Q4 Loss, Tops Revenue Estimates FTC Solar (FTCI) came out with a quarterly loss of $0.80 per share versus the Zacks Consensus Estimate of a loss of $0.83. This compares to loss of $0.80 per share a year ago. zacks.com - 4 months ago
FTC Solar Announces Fourth Quarter 2024 Financial Results Fourth quarter revenue of $13.2 million, at the high end of our prior target Entered into 5-gigawatt supply arrangement with Recurrent Energy Awarded 330+ megawatt project in Australia from GPG Naturgy Awarded 280-megawatt project in U.S. from Rosendin Appointed industry veteran Kent James as U.S. Chief Commercial Officer Received additional $3.2 million earn-out on prior investment post quarter end Announced upsizing of promissory note offering for up to additional $10-$15 mil. to close in Q2 AUSTIN, Texas, March 31, 2025 (GLOBE NEWSWIRE) --  FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, today announced financial results for the fourth quarter that ended December 31, 2024. globenewswire.com - 4 months ago
FTC Solar to Announce Fourth Quarter and Full Year 2024 Financial Results Monday, March 31, 2025 AUSTIN, Texas, March 24, 2025 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, today announced it will report its fourth quarter and full year 2024 financial results before market open on Monday, March 31, 2025. globenewswire.com - 4 months ago
FTC commissioner fired by Trump says her ouster should concern markets One of the two Democratic commissioners at the Federal Trade Commission whom President Donald Trump abruptly fired this week warned that her ouster could erode market stability. "If I can be fired, I don't know why Jerome Powell can't be fired," former commissioner Rebecca Kelly Slaughter said on CNBC, hours before the Federal Reserve's latest decision on interest rates. cnbc.com - 4 months ago
FTC Solar Announces Closing of Promissory Note Private Placement AUSTIN, Texas, Dec. 04, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, today announced that it has closed a previously announced private placement of senior secured promissory notes (the “Notes”) in an aggregate principal amount of fifteen million dollars ($15,000,000) and warrants (the “Warrants”). The offering closed on December 4, 2024. globenewswire.com - 7 months ago
8. Profile Summary

FTC Solar, Inc. FTCI

image
COUNTRY US
INDUSTRY Solar
MARKET CAP $ 64.8 M
Dividend Yield 0.00%
Description FTC Solar, Inc. provides solar tracker systems, technology, software, and engineering services in the United States, Vietnam, and internationally. It offers two-panel in-portrait single-axis tracker solutions under the Voyager brand name. The company also provides SunPath, a software solution to enhance energy production; Atlas, a web-based enterprise-level database that allows users to manage their project portfolio; and SunDAT, a software solution enables automated design and optimization of solar panel systems across residential, commercial, and utility-scale sites. Its customers include project developers; solar asset owners; and engineering, procurement, and construction contractors that design and build solar energy projects. FTC Solar, Inc. was incorporated in 2017 and is headquartered in Austin, Texas.
Contact 9050 North Capital of Texas Highway, Austin, TX, 78759 https://ftcsolar.com
IPO Date April 28, 2021
Employees 202
Officers Mr. Yann Brandt President, Chief Executive Officer & Director Mr. Sasan Aminpour Chief Operating Officer Ms. Tamara Mullings Senior Vice President of North American Sales Mr. Patrick M. Cook Senior Vice President of Capital Markets & Business Development Mr. Alberto Echeverria Senior Vice President of International Sales Mr. Bill Michalek Vice President of Investor Relations & Corporate Communications Ms. Cathy Behnen CPA Chief Financial Officer, Chief Accounting Officer & Secretary Mr. James S. Kent Chief Commercial Officer