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

FTC Solar (NASDAQ:FTCI) had its price objective cut by TD Cowen from $12.50 to $8.00 in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price target would indicate a potential upside of 53.55% from the stock’s current price.

Several other brokerages have also recently commented on FTCI. UBS Group reiterated a “neutral” rating and issued a $10.00 price target (up from $5.50) on shares of FTC Solar in a research report on Tuesday, December 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of FTC Solar in a research report on Monday, December 29th. Zacks Research raised FTC Solar from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. 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. Finally, Roth Mkm set a $15.00 target price on FTC Solar in a research report on Monday, November 17th. Three 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. According to data from MarketBeat.com, the company presently 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 stock has a market cap of $77.84 million, a price-to-earnings ratio of -1.20 and a beta of 1.48. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.66 and a quick ratio of 1.53. FTC Solar has a 12 month low of $2.13 and a 12 month high of $12.75. The stock’s 50 day moving average price is $10.17 and its 200 day moving average price is $8.90.

Insider Buying and Selling

In related news, Director Anthony Carroll acquired 10,638 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was purchased at an average cost of $9.53 per share, for a total transaction of $101,380.14. Following the completion of the purchase, the director directly owned 24,205 shares of the company’s stock, valued at $230,673.65. The trade was a 78.41% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Yann Brandt sold 37,775 shares of FTC Solar stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of $10.84, for a total transaction of $409,481.00. Following the transaction, the chief executive officer directly owned 776,425 shares of the company’s stock, valued at $8,416,447. This represents a 4.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 42,660 shares of company stock worth $462,874 in the last 90 days. 21.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in FTC Solar by 18.4% during the 3rd quarter. Vanguard Group Inc. now owns 342,858 shares of the company’s stock valued at $2,417,000 after purchasing an additional 53,391 shares during the period. Walleye Capital LLC acquired a new position in FTC Solar in the fourth quarter valued at approximately $1,482,000. Geode Capital Management LLC boosted its stake in FTC Solar by 8.2% in the fourth quarter. Geode Capital Management LLC now owns 112,308 shares of the company’s stock valued at $1,226,000 after acquiring an additional 8,518 shares during the last quarter. Electron Capital Partners LLC bought a new stake in shares of FTC Solar during the 4th quarter valued at $979,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of FTC Solar by 29.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 81,798 shares of the company’s stock valued at $892,000 after purchasing an additional 18,607 shares during the period. 45.36% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about 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

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.