FTC Solar (FTCI)

• Market cap: $39.7M
• 1 day: 3.67%
• 5 days: 0.97%
• 1 month: -22.25%
• 3 months: -36.66%
• 6 months: -28.18%
• Year to date: -55.25%
• 1 year: -57.51%
• 5 years: -97.82%
• 10 years: -97.82%
• Sector: Information Technology
• Industry: Semiconductors & Related Devices

About: FTC Solar Inc is a provider of solar tracker systems, supported by proprietary software and value-added engineering services. The company's Solar tracker systems move solar panels throughout the day to maintain an optimal orientation relative to the sun, thereby increasing the amount of solar energy produced at a solar installation. It focuses on providing differentiated products, software, and services that maximize energy generation. The company has launched a new mounting solution to support the installation and use of U.S. manufactured thin-film modules by project owners. The only segment the company is engaged in is the Manufacturing and Servicing of Solar tracker systems.

Employees: 213

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

124% more call options, than puts

Call options by funds: $65K | Put options by funds: $29K

10% less capital invested

Capital invested by funds: $8.67M [Q2] → $7.83M (-$840K) [Q3]

10.42% less ownership

Funds ownership: 19.5% [Q2] → 9.09% (-10.42%) [Q3]

25% less funds holding

Funds holding: 71 [Q2] → 53 (-18) [Q3]

64% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 28

84% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 25

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $15 382% upside
• Avg. target: $15 382% upside
• High target: $15 382% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

HC Wainwright & Co. Amit Dayal 39% 1-year accuracy 44 / 112 met price target

382% upside $15

Buy Reiterated

13 Nov 2024