Head to Head Survey: FTC Solar (NASDAQ:FTCI) versus SKYX Platforms (NASDAQ:SKYX)

SKYX Platforms (NASDAQ:SKYX) and FTC Solar (NASDAQ:FTCI) are both small-cap industrials companies, but which is the better business? We will contrast the two companies based on the strength of their profitability, institutional ownership, earnings, risk, analyst recommendations, dividends and valuation.

Analyst Ratings

This is a breakdown of recent ratings and target prices for SKYX Platforms and FTC Solar, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
SKYX Platforms	1	0	2	1	2.75
FTC Solar	1	1	4	0	2.50

SKYX Platforms presently has a consensus price target of $4.50, suggesting a potential upside of 518.56%. FTC Solar has a consensus price target of $8.90, suggesting a potential upside of 470.51%. Given SKYX Platforms’ stronger consensus rating and higher possible upside, equities research analysts clearly believe SKYX Platforms is more favorable than FTC Solar.

Earnings and Valuation

This table compares SKYX Platforms and FTC Solar”s gross revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
SKYX Platforms	$92.01 million	1.09	-$33.42 million	($0.27)	-2.69
FTC Solar	$99.69 million	0.29	-$79.58 million	($5.18)	-0.30

SKYX Platforms has higher earnings, but lower revenue than FTC Solar. SKYX Platforms is trading at a lower price-to-earnings ratio than FTC Solar, indicating that it is currently the more affordable of the two stocks.

Risk & Volatility

SKYX Platforms has a beta of -3623.05, indicating that its stock price is 362,405% less volatile than the S&P 500. Comparatively, FTC Solar has a beta of 1.75, indicating that its stock price is 75% more volatile than the S&P 500.

Profitability

This table compares SKYX Platforms and FTC Solar’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
SKYX Platforms	-34.34%	N/A	-49.28%
FTC Solar	-51.02%	N/A	-37.99%

Institutional & Insider Ownership

11.8% of SKYX Platforms shares are held by institutional investors. Comparatively, 45.4% of FTC Solar shares are held by institutional investors. 24.2% of SKYX Platforms shares are held by insiders. Comparatively, 19.2% of FTC Solar shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Summary

SKYX Platforms beats FTC Solar on 8 of the 14 factors compared between the two stocks.

About SKYX Platforms

SKYX Platforms Corp. provides a series of safe-smart platform technologies. The company’s first and second-generation technologies enable light fixtures, ceiling fans, and other electrically wired products to be installed and plugged into a ceiling’s electrical outlet box. It also provides universal power-plugs and receptacle products. In addition, it offers smart products, such as SkyHome App; sky smart universal power-plug and receptacle; sky-smart plug and play ceiling fans and lightings; and all-in-one smart sky platform. The company was formerly known as SQL Technologies Corp. and changed its name to SKYX Platforms Corp. in June 2022. SKYX Platforms Corp. was incorporated in 2004 and is based in Pompano Beach, Florida.

About FTC Solar

FTC Solar, Inc. engages in the provision of solar tracker systems, software, and engineering services in the United States, Asia, Europe, the Middle East, North Africa, South Africa, and Australia. The company offers a self-powered, two-panel in-portrait, and single-axis tracker solution under the Voyager brand name; and a one module-in-portrait solar tracker solution under the Pioneer brand name. Its customers include project developers and solar asset owners, as well as engineering, procurement, and construction contractors that design and build solar energy projects. The company was incorporated in 2017 and is headquartered in Austin, Texas.