FTC Solar, Inc.
FTC Solar, Inc. (ticker: FTCI) supplies tracker systems and control software used mainly in utility-scale solar projects. As a small-cap company (market capitalisation around $125 million), it focuses on single-axis solar trackers designed to boost energy yield and lower system-level costs. Investors should know the business is closely tied to project development cycles, policy incentives, commodity prices and supply-chain dynamics, which can create revenue volatility. Key indicators to watch include order backlog, gross margins, cash runway and geographic mix of projects. Potential upside stems from continued utility-scale solar deployment and repowering of older sites, while risks include fierce competition from larger suppliers, project delays and changing incentive regimes. Public filings and quarterly updates are important to follow. This summary is for educational purposes only and not personalised advice; values can rise and fall and past performance is not a guide to future results.
Stock Performance Snapshot
Analyst Rating
Analysts recommend buying FTC Solar's stock with a target price of $9.5, indicating growth potential.
Financial Health
FTC Solar is generating decent revenue and cash flow, indicating stable financial performance.
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Baskets Featuring FTCI
Post-IRA Energy Shift
A carefully selected group of energy companies positioned to benefit from potential U.S. policy changes affecting renewables. These stocks were handpicked by our analysts to give you exposure to nuclear, natural gas, and domestic manufacturers that could gain market share if Chinese-component taxes are implemented.
Published: June 30, 2025
Explore BasketWhy You’ll Want to Watch This Stock
Small-cap solar play
FTC Solar is a modest-sized player in utility-scale trackers, offering potential growth aligned with large solar projects — though revenue can be cyclical.
Utility-scale focus
The company’s emphasis on large installations ties it to national solar roll-outs and repowering demand, but exposure varies by region and policy.
Tech and margins
Product design and installation efficiency influence margins; monitor order backlog and supply costs as they materially affect profitability.
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