Reading the tape
NASDAQ: FTCI
FTC Solar, Inc.
Energy · Solar
Market Cap
$82.49M
52w High
$12.75
52w Low
$2.90
P/E
-1.02
Volume
513.34K
Outstanding Shares
15.97M
Price vs Fundamentals
Why The Stock Is Moving
Fundamentals are supporting the moveModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 71.59%Revenue (TTM): 110.51%FCF (TTM): 4.87%P/S: 21st pct
What changed
The stock rose 71.59% over the last year. Revenue grew 110.51% over the trailing twelve months. Operating margin moved from -111.56% to -33.52%. Free cash flow grew 4.87% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 21st percentile of their historical P/S range.
What would invalidate this read
Operating margin is at -33.52%. Revenue grew 110.51% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
FTC Solar, Inc. provides solar tracker systems, technology, software, and engineering services in the United States, Vietnam, and internationally.
CEOYann Brandt
SectorEnergy
IndustrySolar
Employees202
IPO dateApr 28, 2021
Valuation
Forward P/E—
EV/EBITDA-5.15
Enterprise value$165.65M
Stock splits
Dec 2, 2024↓ Reverse
Every 10 shares became 1
Profitability & growth
Revenue growth148.91%
Gross margin1.13%▲104.25%vs FY2024
Operating margin-33.52%▲69.95%vs FY2024
ROE190.86%▲174.75%vs FY2024
Analyst consensus
RatingBuy
Target price$13.33▲158.08%
8
Buy
4
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 5, 2026
Q2 FY26 · EPS est -$0.41 · Revenue est $24.26M
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