FTCI Stock - FTC Solar, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $47.35M | $127.00M | $123.07M | $270.52M | $187.35M |
| Gross Profit | $-12,594,000 | $8.31M | $-27,228,000 | $-32,545,000 | $3.64M |
| Gross Margin | -26.6% | 6.5% | -22.1% | -12.0% | 1.9% |
| Operating Income | $-52,830,000 | $-50,777,000 | $-99,572,000 | $-126,804,000 | $-16,926,000 |
| Net Income | $-48,606,000 | $-50,290,000 | $-99,613,000 | $-106,589,000 | $-15,924,000 |
| Net Margin | -102.6% | -39.6% | -80.9% | -39.4% | -8.5% |
| EPS | $-3.83 | $-0.44 | $-0.98 | $-1.24 | $-0.20 |
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.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 17th 2025 | Roth Capital | Upgrade | Buy | - |
| November 13th 2025 | TD Cowen | Reiterated | Buy | $12.5← $8 |
| March 14th 2024 | ROTH MKM | Downgrade | Neutral | - |
| November 9th 2023 | Northland Capital | Downgrade | Market Perform | $0.65 |
| August 15th 2023 | UBS | Downgrade | Neutral | $2.5← $4 |
| April 13th 2023 | H.C. Wainwright | Initiation | Buy | $5 |
| March 15th 2023 | BofA Securities | Upgrade | Buy | $3.5← $2 |
| July 19th 2022 | Piper Sandler | Upgrade | Neutral | $3.5← $2 |
| June 6th 2022 | ROTH Capital | Upgrade | Buy | - |
| May 23rd 2022 | Northland Capital | Initiation | Outperform | $7 |
| April 21st 2022 | Piper Sandler | Downgrade | Underweight | $3← $4 |
| April 8th 2022 | Piper Sandler | Downgrade | Neutral | $4← $9 |
Earnings History & Surprises
FTCIEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2026 | Mar 30, 2026 | $-0.21 | — | — | — |
Q4 2025 | Nov 12, 2025 | $-0.50 | $-0.36 | +28.0% | ✓ BEAT |
Q3 2025 | Aug 5, 2025 | $-0.64 | $-0.86 | -34.4% | ✗ MISS |
Q2 2025 | May 1, 2025 | $-0.67 | $-0.84 | -25.4% | ✗ MISS |
Q1 2025 | Mar 31, 2025 | $-0.83 | $-0.80 | +3.6% | ✓ BEAT |
Q4 2024 | Nov 12, 2024 | $-0.80 | $-1.00 | -25.0% | ✗ MISS |
Q3 2024 | Aug 8, 2024 | $-0.90 | $-0.90 | 0.0% | = MET |
Q2 2024 | May 10, 2024 | $-0.90 | $-0.90 | 0.0% | = MET |
Q1 2024 | Mar 13, 2024 | $-0.70 | $-0.80 | -14.3% | ✗ MISS |
Q4 2023 | Nov 8, 2023 | $-0.60 | $-0.80 | -33.3% | ✗ MISS |
Q3 2023 | Aug 9, 2023 | $-0.50 | $-0.60 | -20.0% | ✗ MISS |
Q2 2023 | May 10, 2023 | $-1.00 | $-0.70 | +30.0% | ✓ BEAT |
Q1 2023 | Feb 28, 2023 | $-1.20 | $-1.10 | +8.3% | ✓ BEAT |
Q4 2022 | Nov 9, 2022 | $-1.90 | $-1.70 | +10.5% | ✓ BEAT |
Q3 2022 | Aug 9, 2022 | $-1.60 | $-1.80 | -12.5% | ✗ MISS |
Q2 2022 | May 10, 2022 | $-1.20 | $-2.00 | -66.7% | ✗ MISS |
Q1 2022 | Mar 15, 2022 | $-1.20 | $-1.70 | -41.7% | ✗ MISS |
Q4 2021 | Nov 10, 2021 | $-2.00 | $-1.70 | +15.0% | ✓ BEAT |
Q3 2021 | Aug 11, 2021 | $-1.30 | $-2.10 | -61.5% | ✗ MISS |
Q2 2021 | Jun 8, 2021 | $-0.70 | $-1.00 | -42.9% | ✗ MISS |
Latest News
FTC Solar shares are trading higher after a Form 4 filing showed a director purchased 10,638 shares at an average price of $9.53.
📈 PositiveShares of electrical equipment companies are trading lower amid overall market weakness.
📉 NegativeUBS Maintains Neutral on FTC Solar, Raises Price Target to $10
➖ NeutralTD Cowen Maintains Buy on FTC Solar, Raises Price Target to $12.5
📈 PositiveFTC Solar shares are trading higher after the company reported Q3 results above estimates and issued Q4 sales guidance above expectations.
📈 PositiveFTC Solar Sees Q4 Sales $30.000M-$35.000M vs $26.890M Est
📈 PositiveFTC Solar Q3 Adj. EPS $(0.36) Beats $(0.56) Estimate, Sales $26.030M Beat $21.117M Estimate
📈 PositiveFTC Solar To Supply Trackers and Software For 1GW Of Levona Renewables Projects Starting 2026
📈 PositiveUBS Maintains Neutral on FTC Solar, Raises Price Target to $5.5
➖ NeutralFrequently Asked Questions about FTCI
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