FTC Solar (FTCI) Projected to Post Earnings on Wednesday

FTC Solar (NASDAQ:FTCI) is expected to post its quarterly earnings results before the market opens on Wednesday, March 12th. Analysts expect FTC Solar to post earnings of ($0.83) per share and revenue of $11.61 million for the quarter.

FTC Solar Price Performance

Shares of FTC Solar stock opened at $2.74 on Tuesday. The company has a market capitalization of $35.22 million, a PE ratio of -0.72 and a beta of 1.26. FTC Solar has a 1-year low of $1.76 and a 1-year high of $7.40. The business has a 50-day moving average of $3.88 and a 200-day moving average of $4.13.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reiterated a “buy” rating and set a $15.00 price objective on shares of FTC Solar in a research report on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $8.13.

Insider Buying and Selling at FTC Solar

In related news, CEO Yann Brandt bought 31,450 shares of FTC Solar stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of $3.12 per share, for a total transaction of $98,124.00. Following the completion of the purchase, the chief executive officer now owns 691,700 shares in the company, valued at approximately $2,158,104. This represents a 4.76 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 22.60% of the company’s stock.

About FTC Solar

FTC Solar, Inc engages in the provision of solar tracker systems, software, and engineering services in the United States, Asia, Europe, the Middle East, North Africa, South Africa, and Australia. The company offers a self-powered, two-panel in-portrait, and single-axis tracker solution under the Voyager brand name; and a one module-in-portrait solar tracker solution under the Pioneer brand name.