Energy -
Solar - NASDAQ - US
$ 4.13
-5.92 %
$ 54 M
Market Cap
-1.11
P/E
1. INTRINSIC VALUE
Balance Sheet
FTC Solar, Inc.
| 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 |
| 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 |
EFFICIENCY
Earnings Waterfall
FTC Solar, Inc.
| 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 |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
FTC Solar, Inc.
| 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 |
Wall Street Analysts Price Targets
FTC Solar, Inc.
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
-90.31%
FTCI Average Price Target
Wall Street Target
2.23 USD
-45.92%
FTCI Highest Price Target
Wall Street Target
6 USD
45.28%
4. DIVIDEND
ANALYSIS
FTCI does not distribute dividends.
5. COMPETITION
6. Ownership
Insider Ownership
FTC Solar, Inc.
Sold
0-3 MONTHS
6.94 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
197 K USD 1
0-3 MONTHS
0 USD 0
3-6 MONTHS
159 K USD 1
6-9 MONTHS
597 K USD 2
9-12 MONTHS
7. News
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
- 1 month 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
- 1 month 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
- 1 month 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
- 1 month 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
- 2 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
- 2 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
- 2 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
- 2 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
- 2 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
- 6 months ago
Sitetracker Acquires the ATLAS Software Platform from FTC Solar to Enhance Sitetracker's Position as the Leading Full Asset Lifecycle Management Platform for the Renewables Industry
MONTCLAIR, N.J.--(BUSINESS WIRE)--Sitetracker is pleased to announce today its acquisition of the ATLAS software platform from FTC Solar. This acquisition will enhance Sitetracker's already differentiated solution for the renewables industry by adding the expertise of an ATLAS product that has been utilized by leading renewables companies for over a decade. "Sitetracker's commitment to leading both the renewables and digital infrastructure industries will be further enhanced with many of the un.
businesswire.com
- 6 months ago
FTC Solar Announces Reverse Stock Split
AUSTIN, Texas, Nov. 27, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI) (“FTC Solar”), a leading provider of solar tracker systems, today announced that it will implement a reverse stock split of its issued and outstanding Common Stock at a ratio of 1-for-10, effective at 5:00 PM Eastern Time on November 29, 2024, to satisfy the Nasdaq Capital Market's minimum $1.00 bid price per share requirement. The reverse stock split will be effected simultaneously for all outstanding shares of the Company's Common Stock and will affect all of the Company's stockholders uniformly.
globenewswire.com
- 6 months ago
8. Profile
Summary
FTC Solar, Inc. FTCI
COUNTRY
US
INDUSTRY
Solar
MARKET CAP
$ 54 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