FTC Solar (NASDAQ:FTCI) Price Target Cut to $8.00 by Analysts at TD Cowen

FTC Solar (NASDAQ:FTCI) had its price objective decreased by TD Cowen from $12.50 to $8.00 in a research note published on Friday, Marketbeat Ratings reports. TD Cowen currently has a buy rating on the stock.

A number of other research firms have also commented on FTCI. UBS Group reaffirmed a “neutral” rating and set a $10.00 price target (up from $5.50) on shares of FTC Solar in a research report on Tuesday, December 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of FTC Solar in a research note on Monday, December 29th. Zacks Research upgraded shares of FTC Solar from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. Roth Mkm set a $15.00 price target on shares of FTC Solar in a research note on Monday, November 17th. Finally, HC Wainwright reiterated a “buy” rating and issued a $20.00 price target (up from $5.00) on shares of FTC Solar in a report on Wednesday, January 7th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $13.25.

FTC Solar Trading Down 23.1%

NASDAQ:FTCI traded down $1.25 on Friday, reaching $4.16. The company’s stock had a trading volume of 509,538 shares, compared to its average volume of 120,807. FTC Solar has a 1-year low of $2.13 and a 1-year high of $12.75. 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 firm has a market cap of $62.15 million, a PE ratio of -0.74 and a beta of 1.48. The business’s 50-day moving average price is $10.01 and its two-hundred day moving average price is $8.89.

Insider Buying and Selling

In other news, Director Anthony Carroll acquired 10,638 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was acquired at an average cost of $9.53 per share, for a total transaction of $101,380.14. Following the completion of the acquisition, the director owned 24,205 shares in the company, valued at $230,673.65. This represents a 78.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Yann Brandt sold 37,775 shares of FTC Solar stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $10.84, for a total value of $409,481.00. Following the completion of the sale, the chief executive officer directly owned 776,425 shares in the company, valued at approximately $8,416,447. This represents a 4.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 42,660 shares of company stock worth $462,874. 21.00% of the stock is owned by corporate insiders.

Institutional Trading of FTC Solar

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in FTC Solar by 8.2% during the fourth quarter. Geode Capital Management LLC now owns 112,308 shares of the company’s stock worth $1,226,000 after purchasing an additional 8,518 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in FTC Solar in the 4th quarter valued at $109,000. Hudson Bay Capital Management LP bought a new stake in FTC Solar during the 4th quarter worth about $135,000. Jane Street Group LLC bought a new stake in FTC Solar during the 4th quarter worth about $135,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of FTC Solar by 81.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 30,581 shares of the company’s stock worth $88,000 after buying an additional 13,715 shares during the last quarter. 45.36% of the stock is currently owned by institutional investors and hedge funds.

Key FTC Solar News

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

• Positive Sentiment: Q4 operational improvement — FTC reported Q4 revenue of $32.9M (strong q/q and y/y growth), materially improved gross margins and its best Adjusted EBITDA in six years, signaling operating recovery and margin progress. GlobeNewswire Q4 release
• Positive Sentiment: Large multi‑year supply awards — the company disclosed a ~1 GW supply agreement with a U.S. developer and an 840 MW, three‑year deal with Lubanzi in South Africa, which expand visible backlog and pipeline for 2026+. InsiderMonkey article
• Neutral Sentiment: Full earnings disclosure and call transcripts are available — management reiterated recovery narrative and expects bookings acceleration in 2026 but noted lingering regulatory-driven booking delays in 2025. These materials provide detail but did not change the immediate market reaction. Earnings call transcript
• Negative Sentiment: Weak Q1 2026 revenue guide — FTC guided $20M–$25M for Q1 vs. consensus around $35M; that shortfall triggered a sharp market sell‑off and explains most of today’s downward pressure. Investing.com article
• Negative Sentiment: Balance‑sheet and GAAP headline losses — GAAP net loss was large (driven in part by non‑cash changes in warrant fair value and other items) and the company disclosed a default under its July 2025 Credit Agreement (term loan reclassified to current), raising near‑term financing risk. GlobeNewswire disclosure
• Negative Sentiment: Analyst target cut — TD Cowen lowered its price target (from $12.50 to $8.00) while keeping a Buy rating; the reduced target likely dampens near‑term optimism despite the maintained positive view. Benzinga note

FTC Solar Company Profile

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.