Symbols / FTCI Stock $5.28 +7.32% FTC Solar, Inc.

Technology • Solar • United States • NCM
FTCI (Stock) Chart
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About

FTC Solar, Inc. engages in the manufacture and service of solar tracker systems in the United States, Asia, Europe, the Middle East, North Africa, South Africa, and Australia. The company provides a two modules-in-portrait solar tracker system under the Voyager brand name; and a one module-in-portrait solar tracker solution under the Pioneer brand name. It also offers trackers and software solutions for the utility-scale solar energy markets, as well as for the project developers, solar asset owners, and engineering, procurement, and construction contractors that design and build solar energy projects. The company was incorporated in 2017 and is headquartered in Austin, Texas.

Stock Fundamentals
Scroll to Statements
Market Cap 82.29M Enterprise Value 84.74M Income -79.58M Sales 99.69M Book/sh -2.77 Cash/sh 1.35
Dividend Yield — Payout 0.00% Employees 232 IPO — P/E — Forward P/E 12.18
PEG — P/S 0.83 P/B -1.91 P/C — EV/EBITDA -2.48 EV/Sales 0.85
Quick Ratio 1.13 Current Ratio 1.43 Debt/Eq — LT Debt/Eq — EPS (ttm) -5.68 EPS next Y 0.43
EPS Growth — Revenue Growth 148.90% Earnings 2026-04-30 ROA -21.84% ROE — ROIC —
Gross Margin -0.85% Oper. Margin -16.69% Profit Margin -79.83% Shs Outstand 15.59M Shs Float 11.00M Short Float 10.85%
Short Ratio 5.32 Short Interest — 52W High 12.75 52W Low 2.79 Beta 1.69 Avg Volume 143.64K
Volume 101.50K Target Price $11.00 Recom None Prev Close $4.92 Price $5.28 Change 7.32%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$11.00
Mean price target
2. Current target
$5.28
Latest analyst target
3. DCF / Fair value
$-26.81
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$5.28
Low
$6.00
High
$20.00
Mean
$11.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-06 main TD Cowen Buy → Buy $8
2026-01-07 main HC Wainwright & Co. Buy → Buy $20
2025-12-02 main UBS Neutral → Neutral $10
2025-11-13 main TD Cowen Buy → Buy $13
2025-08-18 main UBS Neutral → Neutral $6
2025-05-02 main Roth MKM Neutral → Neutral $4
2025-04-08 main HC Wainwright & Co. Buy → Buy $5
2025-04-02 main UBS Neutral → Neutral $4
2025-04-01 main Roth MKM Neutral → Neutral $3
2024-11-13 reit HC Wainwright & Co. Buy → Buy $2
2024-08-09 main TD Cowen Buy → Buy $1
2024-08-09 main UBS Neutral → Neutral $0
2024-05-13 reit HC Wainwright & Co. Buy → Buy $2
2024-03-14 down Roth MKM Buy → Neutral $0
2024-03-14 main HC Wainwright & Co. Buy → Buy $2
2023-12-15 main Northland Capital Markets Market Perform → Market Perform $1
2023-11-09 main Raymond James Strong Buy → Strong Buy $2
2023-11-09 main HC Wainwright & Co. Buy → Buy $3
2023-10-06 main Piper Sandler Neutral → Neutral $2
2023-08-10 main Piper Sandler Neutral → Neutral $3
News
RSS: Latest FTCI news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2025-12-30 BEHNEN CATHY Chief Financial Officer — 1,646 $10.93 $17,991
2025-12-30 AMINPOUR SASAN Chief Operating Officer — 3,239 $10.93 $35,402
2025-12-30 BRANDT YANN Chief Executive Officer — 37,775 $10.83 $409,376
2025-12-16 CARROLL ANTHONY Director — 10,638 $9.53 $101,380
2025-12-15 CARROLL ANTHONY Director — 13,567 $0.00 $0
2025-12-02 BRANDT YANN Chief Executive Officer — 2,500 $0.00 $0
2025-11-18 SPRINGER DAVID Director — 100,000 $8.98 $898,000
2025-08-05 ALVAREZ ANTONIO R Director — 21,283 $0.00 $0
2025-06-12 JACKSON DARRELL B. Director — 9,045 $0.00 $0
2025-06-12 BARAHONA PABLO Director — 26,005 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
99.69
+110.51%
47.35
-62.71%
127.00
+3.20%
123.07
Operating Revenue
99.69
+110.51%
47.35
-62.71%
127.00
+3.20%
123.07
Cost Of Revenue
100.57
+67.75%
59.95
-49.49%
118.69
-21.02%
150.29
Reconciled Cost Of Revenue
100.57
+67.75%
59.95
-49.49%
118.69
-21.02%
150.29
Gross Profit
-0.88
+93.01%
-12.59
-251.61%
8.31
+130.51%
-27.23
Operating Expense
34.54
-14.15%
40.24
-31.90%
59.08
-18.33%
72.34
Research And Development
4.39
-25.83%
5.92
-17.46%
7.17
-27.97%
9.95
Selling General And Administration
30.16
-12.14%
34.32
-33.89%
51.92
-16.79%
62.40
Selling And Marketing Expense
6.20
-30.18%
8.88
-40.04%
14.81
+71.05%
8.66
General And Administrative Expense
23.95
-5.84%
25.44
-31.44%
37.11
-30.95%
53.74
Other Gand A
23.95
-5.84%
25.44
-31.44%
37.11
-30.95%
53.74
Total Expenses
135.11
+34.86%
100.19
-43.65%
177.78
-20.15%
222.64
Operating Income
-35.42
+32.95%
-52.83
-4.04%
-50.78
+49.00%
-99.57
Total Operating Income As Reported
-35.42
+32.95%
-52.83
-4.04%
-50.78
+49.00%
-99.57
EBITDA
-69.57
-51.11%
-46.04
+6.04%
-49.00
+49.64%
-97.30
Normalized EBITDA
-32.43
+36.94%
-51.43
-2.21%
-50.32
+49.20%
-99.05
Reconciled Depreciation
1.27
-23.70%
1.67
+21.53%
1.38
+52.78%
0.90
EBIT
-70.85
-48.49%
-47.71
+5.29%
-50.38
+48.70%
-98.20
Total Unusual Items
-37.14
-788.89%
5.39
+308.72%
1.32
-24.41%
1.75
Total Unusual Items Excluding Goodwill
-37.14
-788.89%
5.39
+308.72%
1.32
-24.41%
1.75
Special Income Charges
3.55
-63.47%
9.71
+636.39%
1.32
-24.41%
1.75
Other Special Charges
0.17
—
—
—
Restructuring And Mergern Acquisition
-0.38
0.00
—
—
Net Income
-79.58
-63.72%
-48.61
+3.35%
-50.29
+49.51%
-99.61
Pretax Income
-79.05
-63.41%
-48.38
+4.45%
-50.63
+48.95%
-99.18
Net Non Operating Interest Income Expense
-8.18
-2464.89%
-0.32
-26.09%
-0.25
+74.13%
-0.98
Interest Expense Non Operating
8.21
+1133.83%
0.67
+162.85%
0.25
-74.13%
0.98
Net Interest Income
-8.18
-2464.89%
-0.32
-26.09%
-0.25
+74.13%
-0.98
Interest Expense
8.21
+1133.83%
0.67
+162.85%
0.25
-74.13%
0.98
Interest Income Non Operating
0.02
-93.35%
0.35
—
—
Interest Income
0.02
-93.35%
0.35
—
—
Other Income Expense
-35.45
-842.66%
4.77
+1087.31%
0.40
-70.70%
1.37
Other Non Operating Income Expenses
0.14
-70.09%
0.47
+282.10%
-0.26
+31.10%
-0.37
Gain On Sale Of Security
-40.69
-841.37%
-4.32
—
—
Gain On Sale Of Business
3.20
-63.62%
8.81
+567.70%
1.32
-24.41%
1.75
Tax Provision
0.53
+128.26%
0.23
+168.05%
-0.34
-177.70%
0.43
Tax Rate For Calcs
0.00
+0.00%
0.00
+3045.60%
0.00
-96.82%
0.00
Tax Effect Of Unusual Items
-7.80
-788.89%
1.13
+12756.36%
0.01
-97.60%
0.37
Net Income Including Noncontrolling Interests
-79.58
-63.72%
-48.61
+3.35%
-50.29
+49.51%
-99.61
Net Income From Continuing Operation Net Minority Interest
-79.58
-63.72%
-48.61
+3.35%
-50.29
+49.51%
-99.61
Net Income From Continuing And Discontinued Operation
-79.58
-63.72%
-48.61
+3.35%
-50.29
+49.51%
-99.61
Net Income Continuous Operations
-79.58
-63.72%
-48.61
+3.35%
-50.29
+49.51%
-99.61
Normalized Income
-50.24
+4.97%
-52.86
-2.45%
-51.60
+48.91%
-100.99
Net Income Common Stockholders
-79.58
-63.72%
-48.61
+3.35%
-50.29
+49.51%
-99.61
Diluted EPS
-5.68
-48.30%
-3.83
+11.95%
-4.35
+55.61%
-9.80
Basic EPS
-5.68
-48.30%
-3.83
+11.95%
-4.35
+55.61%
-9.80
Basic Average Shares
14.01
+10.54%
12.68
+9.70%
11.55
+13.94%
10.14
Diluted Average Shares
14.01
+10.54%
12.68
+9.70%
11.55
+13.94%
10.14
Diluted NI Availto Com Stockholders
-79.58
-63.72%
-48.61
+3.35%
-50.29
+49.51%
-99.61
Earnings From Equity Interest
1.55
+242.82%
-1.09
-64.55%
-0.66
0.00
Gain On Sale Of PPE
0.14
-84.55%
0.91
0.00
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
111.81
+24.34%
89.93
-26.93%
123.07
-8.43%
134.40
Current Assets
97.77
+28.43%
76.13
-29.84%
108.51
-8.58%
118.69
Cash Cash Equivalents And Short Term Investments
21.11
+87.65%
11.25
-55.43%
25.23
-43.15%
44.38
Cash And Cash Equivalents
21.11
+87.65%
11.25
-55.43%
25.23
-43.15%
44.38
Receivables
55.74
+40.38%
39.71
-39.17%
65.28
+33.08%
49.05
Accounts Receivable
22.72
+1.58%
22.37
-51.53%
46.15
+30.49%
35.37
Receivables Adjustments Allowances
-3.07
-78.74%
-1.72
+79.93%
-8.56
-622.72%
-1.18
Other Receivables
36.09
+126.47%
15.94
-40.57%
26.82
+80.35%
14.87
Inventory
9.63
-5.10%
10.14
+159.77%
3.90
-73.88%
14.95
Raw Materials
0.45
0.00
—
—
Work In Process
0.23
0.00
—
—
Finished Goods
9.44
-11.42%
10.66
+172.98%
3.90
-73.88%
14.95
Prepaid Assets
7.84
-26.24%
10.63
+34.76%
7.88
-10.32%
8.79
Current Deferred Assets
0.36
-16.86%
0.43
-34.98%
0.67
0.00
Restricted Cash
—
—
0.00
-100.00%
0.11
Other Current Assets
3.10
-22.00%
3.97
-28.33%
5.54
+294.16%
1.41
Total Non Current Assets
14.04
+1.76%
13.80
-5.23%
14.56
-7.30%
15.71
Net PPE
4.78
+41.89%
3.37
-7.58%
3.64
+27.52%
2.86
Gross PPE
8.80
+44.03%
6.11
+16.37%
5.25
+42.60%
3.68
Accumulated Depreciation
-4.03
-46.65%
-2.75
-70.56%
-1.61
-94.68%
-0.83
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
2.18
+30.36%
1.67
+39.17%
1.20
+98.35%
0.60
Other Properties
5.93
+44.49%
4.10
+5.37%
3.90
+27.45%
3.06
Leases
0.70
+105.92%
0.34
+115.29%
0.16
+613.64%
0.02
Goodwill And Other Intangible Assets
7.44
+4.27%
7.14
-9.58%
7.89
-8.74%
8.65
Goodwill
7.44
+4.27%
7.14
-2.91%
7.35
-2.45%
7.54
Other Intangible Assets
—
—
0.54
-51.30%
1.11
Investments And Advances
0.00
-100.00%
0.95
+297.50%
0.24
0.00
Long Term Equity Investment
0.00
-100.00%
0.95
+297.50%
0.24
0.00
Other Non Current Assets
1.82
-22.13%
2.34
-15.94%
2.79
-33.71%
4.20
Total Liabilities Net Minority Interest
154.77
+118.32%
70.89
+16.99%
60.60
-10.82%
67.95
Current Liabilities
68.22
+39.03%
49.07
-10.23%
54.66
-9.41%
60.34
Payables And Accrued Expenses
34.91
+16.99%
29.84
-23.82%
39.18
+9.08%
35.91
Payables
13.84
+3.32%
13.40
+63.65%
8.19
-51.00%
16.71
Accounts Payable
13.25
+1.94%
12.99
+62.87%
7.98
-49.50%
15.80
Current Accrued Expenses
21.07
+28.11%
16.45
-46.93%
30.99
+61.34%
19.21
Pensionand Other Post Retirement Benefit Plans Current
2.70
-26.80%
3.69
-4.43%
3.86
-17.70%
4.69
Total Tax Payable
0.59
+48.13%
0.40
+93.72%
0.21
-77.15%
0.91
Income Tax Payable
0.63
+93.85%
0.33
+269.32%
0.09
-80.14%
0.44
Current Debt And Capital Lease Obligation
13.09
+1633.11%
0.76
+2.03%
0.74
+77.46%
0.42
Current Debt
12.68
—
—
—
Other Current Borrowings
12.68
—
—
—
Current Capital Lease Obligation
0.40
-46.49%
0.76
+2.03%
0.74
+77.46%
0.42
Current Deferred Liabilities
7.17
+35.17%
5.31
+46.90%
3.61
-68.08%
11.32
Current Deferred Revenue
7.17
+35.17%
5.31
+46.90%
3.61
-68.08%
11.32
Other Current Liabilities
—
—
—
—
Total Non Current Liabilities Net Minority Interest
86.55
+296.65%
21.82
+267.69%
5.93
-22.00%
7.61
Long Term Debt And Capital Lease Obligation
10.47
+6.04%
9.88
+778.74%
1.12
+43.00%
0.79
Long Term Debt
9.92
+4.81%
9.47
—
—
Long Term Capital Lease Obligation
0.55
+34.55%
0.41
-63.43%
1.12
+43.00%
0.79
Other Non Current Liabilities
1.56
-35.76%
2.42
-49.65%
4.81
-29.49%
6.82
Stockholders Equity
-42.96
-325.67%
19.04
-69.53%
62.47
-5.99%
66.45
Common Stock Equity
-42.96
-325.67%
19.04
-69.53%
62.47
-5.99%
66.45
Capital Stock
0.00
+100.00%
0.00
+0.00%
0.00
-90.91%
0.01
Common Stock
0.00
+100.00%
0.00
+0.00%
0.00
-90.91%
0.01
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
16.61
+19.26%
13.93
+2.27%
13.62
+17.63%
11.58
Ordinary Shares Number
15.54
+20.88%
12.85
+2.47%
12.54
+19.43%
10.50
Treasury Shares Number
1.08
+0.00%
1.08
+0.00%
1.08
+0.00%
1.08
Additional Paid In Capital
384.65
+4.72%
367.32
+1.50%
361.90
+14.76%
315.35
Retained Earnings
-427.32
-22.88%
-347.74
-16.25%
-299.13
-20.21%
-248.84
Gains Losses Not Affecting Retained Earnings
-0.29
+46.49%
-0.54
-84.98%
-0.29
-380.33%
-0.06
Treasury Stock
0.00
0.00
0.00
0.00
Other Equity Adjustments
-0.29
+46.49%
-0.54
-84.98%
-0.29
-380.33%
-0.06
Total Equity Gross Minority Interest
-42.96
-325.67%
19.04
-69.53%
62.47
-5.99%
66.45
Total Capitalization
-33.04
-215.91%
28.50
-54.38%
62.47
-5.99%
66.45
Working Capital
29.54
+9.20%
27.05
-49.75%
53.84
-7.72%
58.35
Invested Capital
-20.36
-171.42%
28.50
-54.38%
62.47
-5.99%
66.45
Total Debt
23.56
+121.59%
10.63
+470.39%
1.86
+54.95%
1.20
Net Debt
1.50
—
—
—
Capital Lease Obligations
0.96
-17.92%
1.17
-37.45%
1.86
+54.95%
1.20
Net Tangible Assets
-50.40
-523.65%
11.90
-78.20%
54.58
-5.58%
57.80
Tangible Book Value
-50.40
-523.65%
11.90
-78.20%
54.58
-5.58%
57.80
Current Provisions
10.36
+9.23%
9.48
+30.27%
7.28
-9.06%
8.00
Derivative Product Liabilities
74.52
+682.72%
9.52
0.00
—
Duefrom Related Parties Current
0.00
-100.00%
3.12
+259.56%
0.87
0.00
Interest Payable
0.40
0.00
—
—
Inventories Adjustments Allowances
-0.49
+4.07%
-0.52
—
—
Investmentsin Subsidiariesat Cost
—
—
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-33.44
+3.62%
-34.70
+34.10%
-52.66
+3.40%
-54.51
Cash Flow From Continuing Operating Activities
-33.44
+3.62%
-34.70
+34.10%
-52.66
+3.40%
-54.51
Net Income From Continuing Operations
-79.58
-63.72%
-48.61
+3.35%
-50.29
+49.51%
-99.61
Depreciation Amortization Depletion
1.27
-23.70%
1.67
+21.53%
1.38
+52.78%
0.90
Depreciation And Amortization
1.27
-23.70%
1.67
+21.53%
1.38
+52.78%
0.90
Other Non Cash Items
6.16
+464.19%
1.09
+32.69%
0.82
-83.88%
5.11
Stock Based Compensation
4.96
-8.35%
5.41
-34.76%
8.29
-59.14%
20.30
Provisionand Write Offof Assets
4.49
-52.48%
9.45
-23.70%
12.39
+10.62%
11.20
Asset Impairment Charge
—
—
—
1.16
Deferred Tax
0.22
+166.27%
0.08
-39.86%
0.14
+202.22%
-0.14
Deferred Income Tax
0.22
+166.27%
0.08
-39.86%
0.14
+202.22%
-0.14
Operating Gains Losses
35.96
+935.40%
-4.30
-551.29%
-0.66
+57.68%
-1.56
Gain Loss On Investment Securities
40.69
+841.37%
4.32
—
—
Gain Loss On Sale Of PPE
-0.14
+84.55%
-0.91
-45200.00%
-0.00
-101.09%
0.18
Change In Working Capital
-6.94
-1485.23%
0.50
+102.03%
-24.73
-366.12%
9.29
Change In Receivables
-10.19
-143.37%
23.50
+199.57%
-23.60
-141.16%
57.34
Changes In Account Receivables
-10.19
-143.37%
23.50
+199.57%
-23.60
-141.16%
57.34
Change In Inventory
1.43
+122.27%
-6.42
-162.06%
10.34
+230.83%
-7.90
Change In Prepaid Assets
3.50
+474.52%
-0.93
+74.63%
-3.68
-151.20%
7.19
Change In Payables And Accrued Expense
-1.95
+86.41%
-14.33
-646.49%
2.62
+104.71%
-55.61
Change In Accrued Expense
2.56
+113.26%
-19.29
-282.31%
10.58
+132.39%
-32.67
Change In Payable
-4.51
-190.81%
4.96
+162.35%
-7.96
+65.30%
-22.94
Change In Account Payable
-4.51
-190.81%
4.96
+162.35%
-7.96
+65.30%
-22.94
Change In Other Working Capital
1.87
+6.39%
1.75
+122.77%
-7.70
-177.86%
9.89
Change In Other Current Assets
0.04
+109.31%
-0.38
-198.17%
0.38
+137.59%
-1.02
Change In Other Current Liabilities
-1.63
+39.58%
-2.70
+12.55%
-3.08
-414.69%
-0.60
Investing Cash Flow
2.80
-55.27%
6.26
+1677.33%
-0.40
+90.65%
-4.25
Cash Flow From Continuing Investing Activities
2.80
-55.27%
6.26
+1677.33%
-0.40
+90.65%
-4.25
Net PPE Purchase And Sale
-1.12
+31.73%
-1.65
-101.59%
-0.82
+9.23%
-0.90
Purchase Of PPE
-1.13
+31.37%
-1.65
-101.59%
-0.82
+17.16%
-0.98
Sale Of PPE
0.01
0.00
0.00
-100.00%
0.09
Capital Expenditure
-1.13
+31.37%
-1.65
-101.59%
-0.82
+17.16%
-0.98
Net Business Purchase And Sale
3.78
-46.00%
7.01
+1572.32%
0.42
+112.51%
-3.35
Purchase Of Business
0.00
+100.00%
-1.80
-100.00%
-0.90
+82.33%
-5.09
Gain Loss On Sale Of Business
-4.75
+38.41%
-7.72
-485.37%
-1.32
+24.41%
-1.75
Net Intangibles Purchase And Sale
0.14
-84.44%
0.90
—
—
Financing Cash Flow
40.40
+178.65%
14.50
-57.30%
33.95
+3659.69%
0.90
Cash Flow From Continuing Financing Activities
40.40
+178.65%
14.50
-57.30%
33.95
+3659.69%
0.90
Net Issuance Payments Of Debt
35.95
+147.11%
14.55
0.00
0.00
Issuance Of Debt
35.95
+147.11%
14.55
0.00
0.00
Repayment Of Debt
—
—
0.00
0.00
Long Term Debt Issuance
35.95
+147.11%
14.55
0.00
0.00
Long Term Debt Payments
—
—
0.00
0.00
Net Long Term Debt Issuance
35.95
+147.11%
14.55
0.00
0.00
Net Common Stock Issuance
4.71
0.00
-100.00%
34.01
0.00
Common Stock Payments
—
—
0.00
0.00
Repurchase Of Capital Stock
—
—
0.00
0.00
Proceeds From Stock Option Exercised
0.01
+87.50%
0.01
-96.46%
0.23
-74.97%
0.90
Net Other Financing Charges
-0.28
-368.33%
-0.06
+78.80%
-0.28
—
Changes In Cash
9.76
+169.99%
-13.94
+27.03%
-19.10
+66.98%
-57.85
Effect Of Exchange Rate Changes
0.10
+308.16%
-0.05
-4.26%
-0.05
-187.04%
0.05
Beginning Cash Position
11.25
-55.43%
25.23
-43.15%
44.38
-56.56%
102.19
End Cash Position
21.11
+87.65%
11.25
-55.43%
25.23
-43.15%
44.38
Free Cash Flow
-34.57
+4.87%
-36.34
+32.03%
-53.47
+3.65%
-55.49
Interest Paid Supplemental Data
0.79
+254.05%
0.22
-61.46%
0.58
-26.53%
0.78
Income Tax Paid Supplemental Data
0.01
-90.98%
0.13
-24.86%
0.18
+43.90%
0.12
Change In Interest Payable
—
—
—
0.00
Common Stock Issuance
4.71
0.00
-100.00%
34.01
0.00
Dividends Received CFI
—
—
—
—
Earnings Losses From Equity Investments
—
1.09
+64.55%
0.66
0.00
Issuance Of Capital Stock
4.71
0.00
-100.00%
34.01
0.00
Sale Of Business
3.78
-57.03%
8.81
+567.70%
1.32
-24.41%
1.75
Sale Of Intangibles
0.14
-84.44%
0.90
—
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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