FTC Solar (NASDAQ:FTCI) Price Target Lowered to $8.00 at TD Cowen

FTC Solar (NASDAQ:FTCI) had its price objective dropped by equities researchers at TD Cowen from $12.50 to $8.00 in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the stock. TD Cowen’s price objective would suggest a potential upside of 53.55% from the stock’s previous close.

Several other brokerages have also recently issued reports on FTCI. HC Wainwright reissued a “buy” rating and set a $20.00 price objective (up from $5.00) on shares of FTC Solar in a research note on Wednesday, January 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of FTC Solar in a report on Monday, December 29th. Zacks Research raised FTC Solar from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th. Roth Mkm set a $15.00 price objective on FTC Solar in a report on Monday, November 17th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $10.00 price objective (up from $5.50) on shares of FTC Solar in a research note on Tuesday, December 2nd. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, FTC Solar currently has a consensus rating of “Hold” and a consensus price target of $13.25.

FTC Solar Price Performance

Shares of NASDAQ:FTCI opened at $5.21 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.53 and a current ratio of 1.66. The business’s fifty day moving average price is $10.17 and its two-hundred day moving average price is $8.90. The stock has a market cap of $77.84 million, a PE ratio of -1.20 and a beta of 1.48. FTC Solar has a one year low of $2.13 and a one year high of $12.75.

Insider Buying and Selling

In other FTC Solar news, COO Sasan Aminpour sold 3,239 shares of the firm’s stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $10.93, for a total value of $35,402.27. Following the sale, the chief operating officer directly owned 269,734 shares in the company, valued at approximately $2,948,192.62. This trade represents a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Anthony Carroll purchased 10,638 shares of the stock in a transaction dated Tuesday, December 16th. The shares were purchased at an average price of $9.53 per share, with a total value of $101,380.14. Following the transaction, the director directly owned 24,205 shares of the company’s stock, valued at approximately $230,673.65. The trade was a 78.41% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 42,660 shares of company stock worth $462,874 in the last three months. 21.00% of the stock is owned by insiders.

Institutional Investors Weigh In On FTC Solar

A number of hedge funds have recently made changes to their positions in the business. Jane Street Group LLC acquired a new stake in FTC Solar in the 2nd quarter valued at approximately $79,000. Goldman Sachs Group Inc. grew its stake in shares of FTC Solar by 81.3% in the first quarter. Goldman Sachs Group Inc. now owns 30,581 shares of the company’s stock worth $88,000 after purchasing an additional 13,715 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of FTC Solar during the fourth quarter valued at $109,000. Hudson Bay Capital Management LP acquired a new position in shares of FTC Solar during the fourth quarter valued at $135,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of FTC Solar during the fourth quarter valued at about $296,000. Institutional investors own 45.36% of the company’s stock.

Key Stories Impacting FTC Solar

Here are the key news stories impacting FTC Solar this week:

• Positive Sentiment: Strong Q4 top-line and margin improvement: Q4 revenue rose to $32.9M (up 26% sequentially, ~149% YoY) and non‑GAAP gross margin hit ~23.4%, one of the highest in company history — evidence of accelerating sales and improving unit economics. GlobeNewswire Q4 Release
• Positive Sentiment: Major supply wins: FTCI announced a ~1 GW multi-year supply agreement with a leading U.S. developer and a three‑year, ~840 MW supply deal with South Africa’s Lubanzi Inala — these multi-year MSAs expand booked pipeline and should support future revenue. InsiderMonkey South Africa Deal
• Neutral Sentiment: Operational recovery signs: Adjusted EBITDA was roughly breakeven (best performance in six years on a non‑GAAP basis) and management says booked backlog and Tier‑1 vendor approvals are improving — positive traction but subject to conversion risk. GlobeNewswire Q4 Release
• Neutral Sentiment: Minor beat on EPS/revenue: Reported non‑GAAP EPS and revenue slightly beat expectations (EPS -$0.17 vs. -$0.21 estimate; revenue $32.86M vs. ~$32.6M estimate) — helpful but overshadowed by guidance. Zacks Q4 Coverage
• Negative Sentiment: Weak Q1 2026 revenue guidance: Management guided Q1 revenue of $20M–$25M versus a ~$35M consensus — a sizable shortfall that triggered investor concern and a sharp share drop. This weak near‑term outlook appears to be the primary driver of the stock decline. Investing.com on Q1 Guide/Share Drop
• Negative Sentiment: GAAP loss and balance sheet flags: GAAP net loss widened (driven largely by a non‑cash $26M+ change in warrant fair value), and the company disclosed a covenant non‑compliance under its July 2025 Credit Agreement that led to reclassifying ~$19.9M term loan to current — a liquidity/credit risk investors will watch. GlobeNewswire Q4 Release
• Neutral Sentiment: Backlog and execution risk: The contracted backlog (excluding some recent MSAs not yet contracted) is large (~$491M), but management notes regulatory uncertainty and timing risk can delay bookings converting to revenue — upside depends on conversion cadence. GlobeNewswire Q4 Release

About FTC Solar

FTC Solar, Inc (NASDAQ:FTCI) specializes in the design, manufacturing and deployment of solar tracker systems for utility-scale photovoltaic power plants. The company’s tracker solutions are engineered to follow the sun’s path and optimize energy capture, helping customers maximize the performance of their solar assets. In addition to its core mechanical tracker products, FTC Solar offers advanced supervisory control and data acquisition (SCADA) software that enables remote monitoring, predictive maintenance and performance analytics.

Headquartered in Austin, Texas, FTC Solar supports large-scale solar projects across multiple regions, including North America, Latin America, Europe and the Middle East.