FTCI - FTC Solar, Inc. Stock Price, Fair Value and News

0.50USD+0.01 (+2.04%)Market Closed

Market Summary

USD0.50+0.01

Market Closed

2.04%

FTCI Stock Price

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FTCI RSI Chart

FTCI Valuation

Market Cap

63.0M

Price/Earnings (Trailing)

-1.33

Price/Sales (Trailing)

0.64

EV/EBITDA

-1.01

Price/Free Cashflow

-1.1

FTCI Price/Sales (Trailing)

FTCI Profitability

EBT Margin

-48.41%

Return on Equity

-85.75%

Return on Assets

-41.12%

Free Cashflow Yield

-91.15%

FTCI Fundamentals

FTCI Revenue

Revenue (TTM)

98.7M

Rev. Growth (Yr)

-69.22%

Rev. Growth (Qtr)

-45.75%

FTCI Earnings

Earnings (TTM)

-47.3M

Earnings Growth (Yr)

25.43%

Earnings Growth (Qtr)

21.53%

Breaking Down FTCI Revenue

Last 7 days

6.4%

Last 30 days

22.0%

Last 90 days

-12.3%

Trailing 12 Months

-83.4%

How does FTCI drawdown profile look like?

FTCI Financial Health

Current Ratio

1.84

FTCI Investor Care

Shares Dilution (1Y)

12.79%

Diluted EPS (TTM)

-0.4

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	98.7M	0	0	0
2023	114.4M	116.0M	130.0M	127.0M
2022	254.4M	235.0M	198.6M	123.1M
2021	220.7M	219.6M	213.0M	270.5M
2020	86.7M	120.2M	153.8M	187.4M
2019	0	0	0	53.1M

Get all data in R, Python etc through our Historical Stock Data APIs

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Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of FTC Solar, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 26, 2024	chatila ahmad r	bought	49,674	0.51	97,400	-
Mar 22, 2024	chatila ahmad r	bought	50,930	0.55	92,600	-
Mar 21, 2024	cook patrick	sold	-13,340	0.58	-23,000	chief commercial officer
Mar 20, 2024	mullings tamara	sold	-13,993	0.55	-25,442	-
Mar 20, 2024	cook patrick	sold	-25,922	0.53	-48,911	chief commercial officer
Mar 20, 2024	chatila ahmad r	bought	49,950	0.54	92,500	-
Mar 18, 2024	chatila ahmad r	bought	49,882	0.49	101,800	-
Feb 12, 2024	behnen cathy	acquired	-	-	200,000	chief financial officer
Dec 13, 2023	morris robert phelps	sold	-14,447	0.73	-19,791	-
Dec 12, 2023	aminpour sasan	acquired	-	-	800,000	chief operating officer

Which funds bought or sold FTCI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-26.98	-3,334	4,385	-%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-21.23	-55,718	88,197	-%
May 15, 2024	Graham Capital Management, L.P.	sold off	-100	-83,092	-	-%
May 15, 2024	AQR CAPITAL MANAGEMENT LLC	added	38.03	32,784	476,508	-%
May 15, 2024	Point72 Asset Management, L.P.	reduced	-29.42	-318,552	387,994	-%
May 15, 2024	D. E. Shaw & Co., Inc.	added	98.36	21,645	61,491	-%
May 15, 2024	CITADEL ADVISORS LLC	reduced	-57.37	-90,130	44,727	-%
May 15, 2024	GOLDMAN SACHS GROUP INC	reduced	-4.78	-130,633	373,371	-%
May 15, 2024	Royal Bank of Canada	reduced	-92.84	-15,000	1,000	-%
May 15, 2024	WEXFORD CAPITAL LP	sold off	-100	-17,542	-	-%

Are Funds Buying or Selling FTCI?

Are funds buying FTCI calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own FTCI

No. of Funds

Unveiling FTC Solar, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 12, 2024	springer david	7.3%	9,146,033	SC 13G/A
Feb 12, 2024	arc family trust	9.4%	11,740,857	SC 13G/A
Feb 13, 2023	springer david	9.3%	9,819,827	SC 13G
Feb 13, 2023	arc family trust	15.3%	16,053,357	SC 13G
Feb 01, 2023	south lake one llc	14.16%	14,867,592	SC 13G/A
Feb 14, 2022	arc family trust	22.7%	21,941,357	SC 13G
Feb 14, 2022	springer david	11.3%	10,895,030	SC 13G
Feb 14, 2022	south lake one llc	17.24%	14,652,750	SC 13G

Recent SEC filings of FTC Solar, Inc.

View All Filings

Date Filed	Form Type	Document
May 17, 2024	S-8	Employee Benefits Plan
May 15, 2024	8-K	Current Report
May 14, 2024	144	Notice of Insider Sale Intent
May 10, 2024	10-Q	Quarterly Report
May 10, 2024	8-K	Current Report
Apr 26, 2024	ARS	ARS
Apr 26, 2024	DEF 14A	DEF 14A
Apr 26, 2024	DEFA14A	DEFA14A
Mar 27, 2024	4	Insider Trading
Mar 25, 2024	4	Insider Trading

Peers (Alternatives to FTC Solar, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
FSLR	21.2B	3.6B	11.00%	-4.21%	20.64	5.93	27.28%	2360.58%
ENPH	15.6B	1.8B	2.06%	-30.15%	56.38	8.51	-30.11%	-43.96%
MID-CAP
SEDG	2.8B	2.2B	-18.97%	-83.95%	-10.61	1.24	-34.19%	-231.31%
RUN	2.6B	2.1B	9.77%	-23.99%	-1.82	1.24	-11.90%	-7091.51%
SMALL-CAP
BEEM	88.8B	67.4M	-1.45%	-48.48%	-5.5K	1.3K	86.60%	18.40%
ARRY	1.7B	1.4B	-1.79%	-52.22%	14.7	1.23	-21.04%	100.48%
SHLS	1.1B	474.7M	-22.58%	-72.71%	37.5	2.3	30.38%	-79.56%
SPWR	498.0M	1.8B	22.94%	-72.95%	-3.38	0.22	14.74%	-307.59%
FTCI	63.0M	98.7M	21.95%	-83.44%	-1.33	0.64	-13.73%	43.41%
ASTI	3.7M	458.3K	9.09%	-29.41%	-0.27	8.05	-62.52%	37.22%
SUNW	1.7M	154.9M	-	-97.50%	-0.02	0.01	10.63%	-80.26%

FTC Solar, Inc. News

Latest updates

FTC Solar, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4
Revenue	-45.7%	12,587,000	23,201,000	30,548,000	32,359,000	40,894,000	26,220,000	16,572,000	30,721,000	49,553,000	101,721,000	52,989,000	50,108,000	65,707,000	44,179,000	59,640,000	51,157,000	32,376,000	-
Gross Profit	-404.6%	-2,108,000	692,000	3,379,000	2,201,000	2,035,000	-1,914,000	-9,515,000	-6,512,000	-9,287,000	-24,625,000	-8,039,000	16,050,000	119,000	-4,825,000	2,866,000	-1,382,000	6,980,000	-
Operating Expenses	-16.4%	10,394,000	12,428,000	19,656,000	12,568,000	14,432,000	17,947,000	17,179,000	18,727,000	18,491,000	14,968,000	14,731,000	56,422,000	8,138,000	6,514,000	5,391,000	4,576,000	4,084,000	-
S&GA Expenses	-51.5%	2,388,000	4,924,000	6,324,000	1,852,000	1,711,000	1,766,000	1,994,000	2,927,000	1,972,000	402,000	2,224,000	3,097,000	1,100,000	1,171,000	1,041,000	818,000	515,000	-
R&D Expenses	-0.8%	1,439,000	1,450,000	1,921,000	1,873,000	1,922,000	2,411,000	2,126,000	2,711,000	2,701,000	1,887,000	2,116,000	5,583,000	1,954,000	1,175,000	1,438,000	1,515,000	1,094,000	-
EBITDA Margin	-21.3%	-0.47	-0.39	-0.45	-0.58	-0.72	-0.81	-0.52	-0.43	-0.50	-0.40	-0.44	-0.33	-	-	-	-	-	-
Interest Expenses	-130.5%	-136,000	-59,000	-108,000	-28,000	-58,000	-96,000	-160,000	-427,000	-295,000	-299,000	-301,000	-200,000	-14,000	-61,000	-70,000	-121,000	-112,000	-
Income Taxes	97.9%	-11,000	-518,500	170,000	-120,000	131,000	417,000	-150,000	90,000	76,000	30,000	40,000	120,000	-19,000	32,000	24,000	19,000	-158,000	-
Earnings Before Taxes	24.9%	-8,782,000	-11,690,000	-16,771,000	-10,536,000	-11,631,000	-20,081,000	-25,787,000	-25,593,000	-27,717,000	-23,850,000	-22,874,000	-52,235,000	-7,461,000	-10,041,000	-2,630,000	-6,120,000	2,784,000	-
EBT Margin	-21.4%	-0.48	-0.40	-0.45	-0.59	-0.73	-0.81	-0.52	-0.43	-0.50	-0.39	-0.43	-0.33	-	-	-	-	-	-
Net Income	21.5%	-8,771,000	-11,177,000	-16,937,000	-10,414,000	-11,762,000	-20,501,000	-25,636,000	-25,683,000	-27,793,000	-23,882,000	-22,915,000	-52,350,000	-7,442,000	-9,728,000	-2,840,000	-6,776,000	3,420,000	-
Net Income Margin	-21.0%	-0.48	-0.40	-0.46	-0.59	-0.73	-0.81	-0.52	-0.43	-0.50	-0.39	-0.43	-0.33	-	-	-	-	-	-
Free Cashflow	-85.4%	-12,289,000	-6,629,000	-15,839,000	-22,660,000	-8,344,000	-5,596,000	-12,818,000	16,548,000	-53,629,000	-40,687,000	-8,604,000	-58,599,000	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet															(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2019Q4
Assets	-6.5%	115	123	136	137	139	134	148	185	211	243	235	241	72.00	71.00	34.00
Current Assets	-7.6%	100	109	121	120	121	119	133	169	204	236	229	235	63.00	66.00	31.00
Cash Equivalents	-36.8%	16.00	25.00	32.00	34.00	41.00	44.00	50.00	66.00	49.00	102	141	150	5.00	33.00	8.00
Inventory	-1.6%	4.00	4.00	5.00	6.00	9.00	15.00	17.00	14.00	9.00	9.00	11.00	8.00	4.00	2.00	5.00
Net PPE	9.4%	2.00	2.00	2.00	2.00	2.00	2.00	2.00	1.00	2.00	2.00	-	-	-	0.00	-
Goodwill	-1.9%	7.00	7.00	7.00	7.00	8.00	8.00	7.00	7.00	-	-	-	-	-	-	-
Liabilities	-1.2%	60.00	61.00	62.00	58.00	71.00	68.00	67.00	85.00	91.00	100	72.00	60.00	72.00	64.00	42.00
Current Liabilities	-0.2%	55.00	55.00	56.00	51.00	63.00	60.00	61.00	79.00	84.00	93.00	66.00	55.00	68.00	60.00	34.00
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.00	2.00
LT Debt, Non Current	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.00	2.00
Shareholder's Equity	-11.7%	55.00	62.00	74.00	79.00	68.00	66.00	82.00	100	120	143	163	181	0.00	7.00	-
Retained Earnings	-2.9%	-307	-299	-288	-271	-260	-248	-228	-202	-177	-149	-125	3.00	-50.08	-42.64	-26.72
Additional Paid-In Capital	0.5%	364	362	363	351	329	315	310	303	297	292	289	-3.49	51.00	50.00	18.00
Shares Outstanding	0.4%	126	125	125	-	110	105	102	100	99.00	86.00	83.00	77.00	-	-	-
Float	-	-	-	-	229	-	-	-	158	-	-	-	361	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																		(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4
Cashflow From Operations	-89.0%	-11,857	-6,273	-15,574	-22,493	-8,316	-5,425	-12,687	16,708	-53,106	-40,440	-8,119	-58,391	-25,904	15,267	8,277	-16,615	-6,300	-
Share Based Compensation	318.8%	1,639	-749	1,192	2,962	4,890	9,156	5,539	998	4,610	3,234	5,400	52,701	449	437	448	475	458	-
Cashflow From Investing	3927.7%	2,618	65.00	-265	-167	-30.00	-171	-3,801	-89.00	-186	-247	-275	21,914	-85.00	1,868	-	-	-	-
Cashflow From Financing	100.0%	-	-183	13,556	15,108	5,469	115	274	86.00	428	2,229	-619	180,804	-2,045	-4,140	-2,000	-1,216	30,000	-
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	-54,155	-	-	-	-	-	-

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FTCI Income Statement

2024-03-31

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue:
Total revenue	$ 12,587	$ 40,894
Cost of revenue:
Total cost of revenue	14,695	38,859
Gross profit (loss)	(2,108)	2,035
Operating expenses
Research and development	1,439	1,922
Selling and marketing	2,388	1,711
General and administrative	6,567	10,799
Total operating expenses	10,394	14,432
Loss from operations	(12,502)	(12,397)
Interest expense, net	(136)	(58)
Gain from disposal of investment in unconsolidated subsidiary	4,085	898
Other income (expense), net	36	(74)
Loss from unconsolidated subsidiary	(265)	0
Loss before income taxes	(8,782)	(11,631)
(Provision for) benefit from income taxes	11	(131)
Net loss	(8,771)	(11,762)
Other comprehensive loss:
Foreign currency translation adjustments	(181)	(5)
Comprehensive loss	$ (8,952)	$ (11,767)
Net loss per share:
Basic	$ (0.07)	$ (0.11)
Diluted	$ (0.07)	$ (0.11)
Weighted-average common shares outstanding:
Basic	125,569,375	106,791,198
Diluted	125,569,375	106,791,198
Product
Revenue:
Total revenue	$ 10,905	$ 32,579
Cost of revenue:
Total cost of revenue	12,367	31,767
Service
Revenue:
Total revenue	1,682	8,315
Cost of revenue:
Total cost of revenue	$ 2,328	$ 7,092

FTCI Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 14,041	$ 25,235
Restricted cash	1,896	0
Accounts receivable, net	66,379	65,279
Inventories	3,844	3,905
Prepaid and other current assets	14,069	14,089
Total current assets	100,229	108,508
Operating lease right-of-use assets	1,637	1,819
Property and equipment, net	1,994	1,823
Intangible assets, net	399	542
Goodwill	7,213	7,353
Equity method investment	1,010	240
Other assets	2,548	2,785
Total assets	115,030	123,070
Current liabilities
Accounts payable	12,059	7,979
Accrued expenses	29,690	34,848
Income taxes payable	27	88
Deferred revenue	4,897	3,612
Other current liabilities	7,859	8,138
Total current liabilities	54,532	54,665
Operating lease liability, net of current portion	934	1,124
Other non-current liabilities	4,406	4,810
Total liabilities	59,872	60,599
Commitments and contingencies (Note 14)
Stockholders' equity
Preferred stock par value of $0.0001 per share, 10,000,000 shares authorized; none issued as of March 31, 2024 and December 31, 2023	0	0
Common stock par value of $0.0001 per share, 850,000,000 shares authorized; 125,952,253 and 125,445,325 shares issued and outstanding as of March 31, 2024 and December 31, 2023	13	13
Treasury stock, at cost; 10,762,566 shares as of March 31, 2024 and December 31, 2023	0	0
Additional paid-in capital	363,525	361,886
Accumulated other comprehensive loss	(474)	(293)
Accumulated deficit	(307,906)	(299,135)
Total stockholders' equity	55,158	62,471
Total liabilities and stockholders' equity	$ 115,030	$ 123,070

About FTC Solar, Inc.

FTC Solar, Inc. provides solar tracker systems, software, and engineering services in the United States and internationally. It offers two-panel in-portrait single-axis tracker solutions under the Voyager brand name. The company also provides Pioneer, a one module-in-portrait solar tracker solution that allows for a pile count reduction per megawatt. Its customers include project developers; solar asset owners; and engineering, procurement, and construction contractors that design and build solar energy projects. FTC Solar, Inc. was incorporated in 2017 and is headquartered in Austin, Texas.

CEO	Mr. Sean Hunkler
WEBSITE	https://ftcsolar.com
INDUSTRY	Solar
EMPLOYEES	221

FTC Solar, Inc. Frequently Asked Questions

What is the ticker symbol for FTC Solar, Inc.? What does FTCI stand for in stocks?

FTCI is the stock ticker symbol of FTC Solar, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of FTC Solar, Inc. (FTCI)?

As of Fri May 17 2024, market cap of FTC Solar, Inc. is 62.99 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of FTCI stock?

You can check FTCI's fair value in chart for subscribers.

What is the fair value of FTCI stock?

You can check FTCI's fair value in chart for subscribers. The fair value of FTC Solar, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of FTC Solar, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for FTCI so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is FTC Solar, Inc. a good stock to buy?

The fair value guage provides a quick view whether FTCI is over valued or under valued. Whether FTC Solar, Inc. is cheap or expensive depends on the assumptions which impact FTC Solar, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for FTCI.

What is FTC Solar, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, FTCI's PE ratio (Price to Earnings) is -1.33 and Price to Sales (PS) ratio is 0.64. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. FTCI PE ratio will change depending on the future growth rate expectations of investors.