FTCI official logo FTCI
FTCI 1-star rating from Upturn Advisory
FTC Solar Inc (FTCI) company logo

FTC Solar Inc (FTCI)

FTC Solar Inc (FTCI) 1-star rating from Upturn Advisory
$7.38
Last Close (24-hour delay)
Profit since last BUY115.79%
upturn advisory logo
SELL
SELL since 1 day
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock price based on last close icon Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • 1Y
  • 1M
  • 1W

Upturn Advisory Summary

11/10/2025: FTCI (1-star) is a SELL. SELL since 1 days. Simulated Profits (115.79%). Updated daily EoD!

Upturn Star Rating

Upturn 1 star rating for performance

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

1 star rating from financial analysts

4 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $6

1 Year Target Price $6

Analysts Price Target For last 52 week
$6 Target price
52w Low $2.13
Current$7.38
52w High $9.5

Analysis of Past Performance

Type Stock
Historic Profit -56.64%
Avg. Invested days 39
Today’s Advisory SELL
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 1.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/10/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 123.01M USD
Price to earnings Ratio -
1Y Target Price 6
Price to earnings Ratio -
1Y Target Price 6
Volume (30-day avg) 4
Beta 1.46
52 Weeks Range 2.13 - 9.50
Updated Date 11/10/2025
52 Weeks Range 2.13 - 9.50
Updated Date 11/10/2025
Dividends yield (FY) -
Basic EPS (TTM) -3.65

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -73.04%
Operating Margin (TTM) -57.52%

Management Effectiveness

Return on Assets (TTM) -33.98%
Return on Equity (TTM) -171.75%

Valuation

Trailing PE -
Forward PE 19.46
Enterprise Value 118527245
Price to Sales(TTM) 1.92
Enterprise Value 118527245
Price to Sales(TTM) 1.92
Enterprise Value to Revenue 1.85
Enterprise Value to EBITDA -0.7
Shares Outstanding 14874797
Shares Floating 10262569
Shares Outstanding 14874797
Shares Floating 10262569
Percent Insiders 34.29
Percent Institutions 4.99

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI SWOT

FTC Solar Inc

FTC Solar Inc(FTCI) company logo displayed in Upturn AI summary

Company Overview

Company history and background logo History and Background

FTC Solar, Inc. was founded in 2013. It provides solar tracker systems, software, and engineering services, primarily to customers in the Americas. The company went public in April 2021.

Company business area logo Core Business Areas

  • Tracker Systems: Designs, engineers, supplies, and installs solar tracker systems that maximize energy production for utility-scale solar projects.
  • Software and Engineering Services: Offers software and engineering services to optimize solar project design and performance.

leadership logo Leadership and Structure

Sean Hunkler is the CEO. The company has a typical corporate structure with departments covering engineering, sales, finance, and operations.

Top Products and Market Share

Product Key Offerings logo Key Offerings

  • Voyager: A 1P (one module in portrait) tracker system designed for optimized land use and performance. Competitors include Array Technologies, Nextracker, and PV Hardware.
  • Pioneer: A 2P (two modules in portrait) tracker system designed for complex site conditions and challenging terrains. Competitors include Array Technologies, Nextracker, and PV Hardware.

Market Dynamics

industry overview logo Industry Overview

The solar tracker market is growing due to increasing demand for renewable energy. Key trends include advancements in tracker technology, lower installation costs, and increasing project sizes.

Positioning

FTC Solar is positioned as a provider of cost-effective and reliable tracker solutions. They focus on providing customized design solutions to complex projects.

Total Addressable Market (TAM)

The global solar tracker market is expected to reach billions of dollars. FTC Solar's TAM includes utility-scale solar projects globally, and they are positioning themselves to capture a significant share through innovative designs and cost leadership.

Upturn SWOT Analysis

Strengths

  • Experienced Management Team
  • Innovative Product Design (Voyager and Pioneer)
  • Strong customer relationships
  • Global project portfolio

Weaknesses

  • Relatively small company compared to its competitors
  • Dependence on key suppliers
  • Past inconsistent revenue performance
  • High operating expenses

Opportunities

  • Growing solar energy demand
  • Expansion into new geographical markets
  • Technological advancements in tracker systems
  • Strategic partnerships and acquisitions

Threats

  • Competition from established players
  • Fluctuations in raw material prices (steel)
  • Changes in government regulations and incentives
  • Economic downturns affecting project financing

Competitors and Market Share

Key competitor logo Key Competitors

  • ARRY
  • NXT

Competitive Landscape

FTC Solar competes with larger, more established players. Its advantages include product design innovation and cost-effectiveness, but it faces disadvantages in scale and brand recognition.

Growth Trajectory and Initiatives

Historical Growth: Historical growth data needs to be pulled from reliable sources.

Future Projections: Future growth projections need to come from analyst reports.

Recent Initiatives: Recent strategic initiatives need to be looked up in the company's annual report or news articles.

Summary

FTC Solar shows promise with its innovative tracker designs. Its relatively small size and market volatility require vigilance. Growing solar market demand supports its trajectory, and cost leadership positions are essential for success. Potential acquisitions could bolster its market presence.

Similar Stocks

Sources and Disclaimers

Data Sources:

  • Company Website
  • SEC Filings
  • Analyst Reports
  • Industry Publications

Disclaimers:

This analysis is based on publicly available information and is not financial advice. Market conditions and company performance can change rapidly.

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

Information icon warning about potential inaccuracies or hallucinations in Upturn AI-generated summaries AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About FTC Solar Inc

Exchange NASDAQ
Headquaters Austin, TX, United States
IPO Launch date 2021-04-28
President, CEO & Director Mr. Yann Brandt
Sector Technology
Industry Solar
Full time employees 202
Full time employees 202

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 offers trackers and software solutions for the utility-scale solar energy markets, as well as 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.