Comparing FTC Solar (NASDAQ:FTCI) and SKYX Platforms (NASDAQ:SKYX)

FTC Solar (NASDAQ:FTCI) and SKYX Platforms (NASDAQ:SKYX) are both small-cap industrials companies, but which is the superior investment? We will compare the two businesses based on the strength of their earnings, risk, dividends, analyst recommendations, profitability, institutional ownership and valuation.

Earnings & Valuation

This table compares FTC Solar and SKYX Platforms”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
FTC Solar	$99.69 million	0.25	-$79.58 million	($6.25)	-0.22
SKYX Platforms	$92.01 million	1.11	-$33.42 million	($0.27)	-2.73

SKYX Platforms has lower revenue, but higher earnings than FTC Solar. SKYX Platforms is trading at a lower price-to-earnings ratio than FTC Solar, indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares FTC Solar and SKYX Platforms’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
FTC Solar	-51.02%	N/A	-37.99%
SKYX Platforms	-34.34%	N/A	-49.28%

Volatility & Risk

FTC Solar has a beta of 1.75, meaning that its share price is 75% more volatile than the S&P 500. Comparatively, SKYX Platforms has a beta of -3623.05, meaning that its share price is 362,405% less volatile than the S&P 500.

Institutional and Insider Ownership

45.4% of FTC Solar shares are held by institutional investors. Comparatively, 11.8% of SKYX Platforms shares are held by institutional investors. 19.2% of FTC Solar shares are held by insiders. Comparatively, 24.2% of SKYX Platforms shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Analyst Recommendations

This is a breakdown of current ratings and target prices for FTC Solar and SKYX Platforms, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
FTC Solar	1	1	4	0	2.50
SKYX Platforms	1	0	2	1	2.75

FTC Solar presently has a consensus target price of $8.90, indicating a potential upside of 544.93%. SKYX Platforms has a consensus target price of $4.50, indicating a potential upside of 509.67%. Given FTC Solar’s higher possible upside, research analysts clearly believe FTC Solar is more favorable than SKYX Platforms.

Summary

SKYX Platforms beats FTC Solar on 7 of the 13 factors compared between the two stocks.

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. Its customers include project developers and solar asset owners, as well as engineering, procurement, and construction contractors that design and build solar energy projects. The company was incorporated in 2017 and is headquartered in Austin, Texas.

About SKYX Platforms

SKYX Platforms Corp. provides a series of safe-smart platform technologies. The company’s first and second-generation technologies enable light fixtures, ceiling fans, and other electrically wired products to be installed and plugged into a ceiling’s electrical outlet box. It also provides universal power-plugs and receptacle products. In addition, it offers smart products, such as SkyHome App; sky smart universal power-plug and receptacle; sky-smart plug and play ceiling fans and lightings; and all-in-one smart sky platform. The company was formerly known as SQL Technologies Corp. and changed its name to SKYX Platforms Corp. in June 2022. SKYX Platforms Corp. was incorporated in 2004 and is based in Pompano Beach, Florida.