FTC Solar (NASDAQ:FTCI) Issues Earnings Results

FTC Solar (NASDAQ:FTCI) issued its quarterly earnings data on Wednesday. The company reported ($0.44) earnings per share 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 Stock Up 5.8%

Shares of NASDAQ FTCI traded up $0.08 during mid-day trading on Wednesday, hitting $1.53. 94,216,068 shares of the company were exchanged, compared to its average volume of 645,657. The stock has a 50 day simple moving average of $2.02 and a 200-day simple moving average of $4.54. FTC Solar has a 1-year low of $1.27 and a 1-year high of $12.75. The firm has a market cap of $28.03 million, a price-to-earnings ratio of -0.24 and a beta of 1.75.

Insider Buying and Selling at FTC Solar

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

Wall Street Analysts Forecast Growth

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

About FTC Solar

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.