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Upturn AI SWOT - About
FTCI 
FTC Solar Inc (FTCI)
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Upturn Advisory Summary
09/16/2025: FTCI (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of 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
| 1 | Strong Buy |
| 1 | Buy |
| 2 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -59.28% | Avg. Invested days 33 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/16/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 102.64M USD | Price to earnings Ratio - | 1Y Target Price 6 |
Price to earnings Ratio - | 1Y Target Price 6 | ||
Volume (30-day avg) 4 | Beta 1.41 | 52 Weeks Range 2.13 - 7.40 | Updated Date 09/16/2025 |
52 Weeks Range 2.13 - 7.40 | Updated Date 09/16/2025 | ||
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 114064806 | Price to Sales(TTM) 1.6 |
Enterprise Value 114064806 | Price to Sales(TTM) 1.6 | ||
Enterprise Value to Revenue 1.78 | Enterprise Value to EBITDA -0.7 | Shares Outstanding 14874800 | Shares Floating 10262569 |
Shares Outstanding 14874800 | Shares Floating 10262569 | ||
Percent Insiders 34.55 | Percent Institutions 4.63 |
Upturn AI SWOT
FTC Solar Inc
Company Overview
History and Background
FTC Solar, Inc. was founded in 2017. It is a global provider of solar tracker systems, technology, software, and engineering services.
Core Business Areas
- Tracker Systems: FTC Solar designs, engineers, and supplies solar tracker systems that optimize energy production by orienting solar panels to follow the sun's path throughout the day. These systems are designed to reduce installation time and increase energy yield.
- Engineering Services: FTC Solar provides engineering, construction management, and consulting services for solar projects, supporting developers and EPCs throughout the project lifecycle.
- Software Solutions: FTC Solar offers software solutions for project design, optimization, and performance monitoring, enhancing the overall efficiency and return on investment for solar projects.
Leadership and Structure
Sean Hunkler serves as the Chief Executive Officer. The organizational structure includes departments for engineering, sales, marketing, operations, and finance.
Top Products and Market Share
Key Offerings
- Voyager Tracker: Voyager is a 1P (one panel in portrait) tracker system. It's designed for rapid installation and high performance. FTC Solar has seen strong growth in market share in the single-axis tracker market, though specific, verified recent market share data is difficult to obtain. Competitors include Array Technologies (ARRY) and Nextracker (FSLR).
- Pioneer Tracker: Pioneer is a 2P tracker, known for its durability and applicability to sites with complex topography. FTC solar is always working to innovate. Competitors include Array Technologies (ARRY) and Nextracker (FSLR).
Market Dynamics
Industry Overview
The solar energy industry is experiencing rapid growth, driven by increasing demand for renewable energy, government incentives, and decreasing costs of solar technology. The tracker market is growing faster than the fixed tilt market.
Positioning
FTC Solar is positioned as a technology innovator in the tracker market. The company differentiates itself through its focus on engineering excellence, rapid installation, and project optimization. However, it faces significant competition from larger, more established players.
Total Addressable Market (TAM)
The global solar tracker market is estimated to be worth billions of dollars annually, with forecasts projecting continued growth. FTC Solar is positioned to capture a share of this expanding market through its technological innovations, aiming to grow its market share substantially.
Upturn SWOT Analysis
Strengths
- Innovative tracker technology
- Focus on rapid installation
- Strong engineering capabilities
- Global presence
Weaknesses
- Relatively smaller market share compared to leading competitors
- Past financial losses
- High dependency on specific markets and projects
Opportunities
- Growing demand for solar energy
- Expansion into new geographic markets
- Development of new tracker technologies
- Strategic partnerships
Threats
- Intense competition in the tracker market
- Fluctuations in raw material prices
- Changes in government policies and incentives
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- ARRY
- NXT
- FSLR
Competitive Landscape
FTC Solar faces intense competition from larger, more established players in the solar tracker market. Its competitive advantage lies in its innovative technology and focus on rapid installation. However, it must continue to invest in R&D and build scale to compete effectively.
Growth Trajectory and Initiatives
Historical Growth: FTC Solar's historical growth has been marked by significant revenue fluctuations, reflecting the project-based nature of the solar tracker business and competition.
Future Projections: Analyst projections for FTC Solar's future growth vary, with some anticipating substantial revenue growth driven by increasing demand for solar energy and tracker technology. Other risks and losses are possible.
Recent Initiatives: Recent initiatives include new product launches, strategic partnerships, and expansion into new markets. Focus on technological advances to increase efficiency and reduce install times.
Summary
FTC Solar is a growing player in the solar tracker market with innovative technology but faces significant competition from larger companies. Its focus on rapid installation and efficient designs positions it well, however, it must improve its financial stability and profitability. They must watch out for supply chain risks and competition.
Peer Comparison
Sources and Disclaimers
Data Sources:
- FTC Solar Investor Relations
- Industry Reports
- Analyst Estimates
- Public Financial Filings
Disclaimers:
This analysis is based on publicly available information and analyst estimates. Investment decisions should be based on independent research and professional financial advice. Market share data is approximate and may vary depending on the source.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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 | Website https://ftcsolar.com |
Full time employees 202 | Website https://ftcsolar.com | ||
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.
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