FTC Solar (NASDAQ:FTCI) Posts Earnings Results

FTC Solar (NASDAQ:FTCI) issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.67) EPS for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.26), FiscalAI reports. The firm had revenue of $17.27 million for the quarter, compared to analyst estimates of $24.26 million. FTC Solar had a negative return on equity of 549.96% and a negative net margin of 42.12%.

Here are the key takeaways from FTC Solar’s conference call:

• The board appointed Anthony Carroll as CEO, citing his track record scaling billion?dollar energy businesses and expecting his operational experience to accelerate FTC Solar’s growth.
• Commercial momentum has accelerated — FTC is now on 9 of the top 10 EPC Approved Vendor Lists, reports a ~$55M quarterly bookings run?rate, and won a 1 GW Safe Harbor award (first of three tranches contracted) expected to contribute meaningfully to 2026–2027 revenue.
• Q1 results missed expectations with revenue of $17.3M (down ~47.5% sequential) largely due to a delayed project (~$3–4M impact), producing a GAAP gross loss of $1.2M and an Adjusted EBITDA loss of $8.2M.
• Contracted backlog stands at $543M (net +$52M since March 5) and quarter?end cash was $5.6M (timing?driven receipts arrived after quarter), and management said it will stop using the ATM program.
• Guidance shows Q2 revenue of $22–26M and continued sequential recovery, with the company forecasting ~40% full?year revenue growth in 2026 versus 2025 but still expecting near?term Adjusted EBITDA losses.

FTC Solar Stock Up 4.4%

Shares of NASDAQ FTCI traded up $0.19 on Monday, hitting $4.51. The company had a trading volume of 31,039 shares, compared to its average volume of 141,693. FTC Solar has a 12-month low of $3.20 and a 12-month high of $12.75. The firm has a market capitalization of $72.16 million, a P/E ratio of -0.79 and a beta of 1.81. The business has a 50 day moving average of $4.56 and a two-hundred day moving average of $7.38.

Insider Buying and Selling

In other news, Director Shaker Sadasivam acquired 27,025 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were purchased at an average cost of $3.70 per share, for a total transaction of $99,992.50. Following the transaction, the director directly owned 81,508 shares in the company, valued at $301,579.60. This trade represents a 49.60% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders purchased 36,775 shares of company stock worth $134,810. Insiders own 21.00% of the company’s stock.

Hedge Funds Weigh In On FTC Solar

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of FTC Solar by 18.4% during the third 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 in the last quarter. Walleye Capital LLC acquired a new stake in shares of FTC Solar in the 4th quarter worth approximately $1,482,000. Geode Capital Management LLC lifted its stake in shares of FTC Solar by 8.2% in the 4th quarter. Geode Capital Management LLC now owns 112,308 shares of the company’s stock worth $1,226,000 after acquiring an additional 8,518 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of FTC Solar by 29.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 81,798 shares of the company’s stock valued at $892,000 after acquiring an additional 18,607 shares in the last quarter. Finally, Informed Momentum Co LLC acquired a new position in shares of FTC Solar during the fourth quarter valued at approximately $836,000. 45.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. TD Cowen lowered their price target on FTC Solar from $8.00 to $5.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of FTC Solar in a report on Friday, March 27th. Finally, Wall Street Zen downgraded FTC Solar from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, FTC Solar has an average rating of “Hold” and a consensus target price of $12.50.

About FTC Solar

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.