Latest news with #FTCI
Yahoo
03-04-2025
- Business
- Yahoo
FTC Solar price target lowered to $5 from $10 at TD Cowen
TD Cowen lowered the firm's price target on FTC Solar (FTCI) to $5 from $10 and keeps a Buy rating on the shares. The firm said FTC Solar delivered solid sequential revenue growth and a rising contracted backlog, but margins remain under pressure due to lack of scale. Management reiterated its 2025 Adj. EBITDA breakeven goal, hinging on 2H project execution. Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks. Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on FTCI: Disclaimer & DisclosureReport an Issue FTC Solar price target raised to $3 from 50c at Roth MKM FTC Solar Reports Q4 2024 Financial Results FTC Solar: Strong Revenue Growth and Strategic Partnerships Drive Buy Rating Despite Margin Challenges Rocket acquires Mr. Cooper, Musk's xAI acquires X: Morning Buzz FTC Solar reports Q4 adjusted EPS (80c), consensus (84c)
Yahoo
31-03-2025
- Business
- Yahoo
FTC Solar: Q4 Earnings Snapshot
AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — FTC Solar Inc. (FTCI) on Monday reported a loss of $12.2 million in its fourth quarter. The Austin, Texas-based company said it had a loss of 96 cents per share. Losses, adjusted for stock option expense and severance costs, were 80 cents per share. The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 83 cents per share. The solar tracking systems maker posted revenue of $13.2 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $11.5 million. For the year, the company reported a loss of $48.6 million, or $3.83 per share. Revenue was reported as $47.4 million. For the current quarter ending in March, FTC Solar said it expects revenue in the range of $18 million to $20 million. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on FTCI at Sign in to access your portfolio
