FTC Solar (NASDAQ:FTCI) Releases Earnings Results

FTC Solar (NASDAQ:FTCI) announced its quarterly earnings data on Wednesday. The company reported ($0.44) EPS for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.05, FiscalAI reports. The firm had revenue of $32.81 million during the quarter, compared to analysts’ expectations of $32.76 million.

Here are the key takeaways from FTC Solar’s conference call:

• Third-quarter revenue rose 25.4% sequentially to $32.8 million, while non-GAAP gross margin improved to 8.4% from a loss in the prior quarter. Adjusted EBITDA loss narrowed to $5.2 million, better than the company’s target range.
• FTC expects fourth-quarter revenue of $44 million to $52 million and adjusted EBITDA between a $3.9 million loss and break-even; management expects adjusted EBITDA profitability in Q1 2027 and significant revenue growth for 2027.
• The company reported more than $100 million in new awards since its last call and highlighted business across North America, the U.K., Australia, and India, including a 500 MW U.K. MSA and two Indian contracts totaling 239 MW. These awards and pipeline opportunities support its growth plans, though timing of project execution will affect revenue.
• FTC said independent DNV testing found its tracker installation took just over five hours per tracker, which it described as 30%–50% less labor than competing product trials. Management views constructability and automation readiness as differentiators that can help win projects and protect margins.
• Management said full-year 2026 revenue growth will be about 25%, below its earlier 40% target. It also said liquidity improvement will depend partly on better project cash flows and vendor/customer terms, while noting that financing or a capital raise remains among the available options.

FTC Solar Price Performance

Shares of FTC Solar stock traded up $0.08 during trading hours on Wednesday, hitting $1.53. The company had a trading volume of 94,216,068 shares, compared to its average volume of 645,657. The company’s 50-day moving average is $2.02 and its two-hundred day moving average is $4.54. FTC Solar has a twelve month low of $1.27 and a twelve month high of $12.75. The company has a market cap of $28.03 million, a P/E ratio of -0.24 and a beta of 1.75.

Insider Buying and Selling at FTC Solar

In related news, CEO Anthony Carroll acquired 24,745 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was bought at an average price of $2.08 per share, for a total transaction of $51,469.60. Following the completion of the purchase, the chief executive officer directly owned 666,200 shares of the company’s stock, valued at approximately $1,385,696. The trade was a 3.86% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Shaker Sadasivam acquired 101,083 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was bought at an average price of $2.69 per share, with a total value of $271,913.27. Following the purchase, the director directly owned 255,464 shares of the company’s stock, valued at $687,198.16. This represents a 65.48% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 198,701 shares of company stock worth $489,308 over the last quarter. 19.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

FTCI has been the subject of a number of analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of FTC Solar in a research note on Monday, September 21st. Wall Street Zen cut FTC Solar from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 3rd. Roth Capital set a $7.00 price target on FTC Solar and gave the stock a “buy” rating in a report on Wednesday, August 12th. UBS Group raised FTC Solar from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $3.50 to $3.60 in a report on Friday, September 18th. Finally, Zacks Research raised FTC Solar to a “hold” rating in a research report on Friday, October 23rd. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $8.90.

FTC Solar Company Profile

FTC Solar, Inc (NASDAQ: FTCI) provides solar tracker systems, software, and engineering services for utility-scale photovoltaic projects. Its technology is designed to help solar panels follow the sun throughout the day, increasing energy production and supporting more efficient project development and operation.

The company’s offerings include single-axis tracker systems, proprietary tracker-control and optimization software, and related engineering, technical, and installation support.