FTC Solar (FTCI) to Release Earnings on Wednesday

FTC Solar (NASDAQ:FTCI) is projected to post its quarterly earnings results before the market opens on Wednesday, March 12th. Analysts expect FTC Solar to post earnings of ($0.83) per share and revenue of $11.61 million for the quarter.

FTC Solar Trading Up 3.5 %

Shares of FTCI opened at $2.93 on Monday. The company has a market capitalization of $37.66 million, a PE ratio of -0.77 and a beta of 1.26. FTC Solar has a 12 month low of $1.76 and a 12 month high of $7.40. The stock’s 50-day moving average price is $3.94 and its two-hundred day moving average price is $4.13.

Insider Activity

In other news, CEO Yann Brandt bought 31,450 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average cost of $3.12 per share, for a total transaction of $98,124.00. Following the acquisition, the chief executive officer now directly owns 691,700 shares in the company, valued at approximately $2,158,104. This trade represents a 4.76 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “buy” rating and issued a $15.00 price objective on shares of FTC Solar in a research note on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, FTC Solar has a consensus rating of “Hold” and a consensus price target of $8.13.

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.