Shares of FTC Solar, Inc. (NASDAQ:FTCI) have earned an average recommendation of “Buy” from the eight ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $14.31.
A number of equities research analysts have recently commented on FTCI shares. Raymond James started coverage on shares of FTC Solar in a research report on Monday, May 24th. They issued a “strong-buy” rating and a $13.00 target price for the company. UBS Group initiated coverage on shares of FTC Solar in a research report on Monday, May 24th. They set a “buy” rating and a $13.00 price objective for the company. Roth Capital initiated coverage on shares of FTC Solar in a research report on Monday, May 24th. They set a “buy” rating and a $15.00 price objective for the company. Bank of America cut shares of FTC Solar from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $12.00 to $11.50 in a research report on Wednesday, June 9th. Finally, Piper Sandler assumed coverage on shares of FTC Solar in a research note on Thursday, June 10th. They set an “overweight” rating and a $15.00 target price for the company.
Shares of NASDAQ FTCI opened at $12.25 on Friday. FTC Solar has a 1 year low of $7.79 and a 1 year high of $15.46.
FTC Solar (NASDAQ:FTCI) last announced its quarterly earnings results on Monday, June 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.03). Sell-side analysts expect that FTC Solar will post -0.18 earnings per share for the current year.
About FTC Solar
FTC Solar, Inc provides solar tracker systems, and software and engineering services in the United States and internationally. The company markets its two-panel in-portrait single-axis tracker systems under the Voyager brand name. Its software solutions include SunPath, a solution to enhance energy production; SunDAT, an online 3D solar PV design solution; and Atlas, a solar portfolio management solution.
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