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Upturn AI SWOT - About
FTC Solar Inc (FTCI)
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Upturn Advisory Summary
04/01/2025: FTCI (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit -88.43% | Avg. Invested days 23 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 36.89M USD | Price to earnings Ratio - | 1Y Target Price 6.2 |
Price to earnings Ratio - | 1Y Target Price 6.2 | ||
Volume (30-day avg) 85163 | Beta 1.26 | 52 Weeks Range 1.76 - 7.40 | Updated Date 04/1/2025 |
52 Weeks Range 1.76 - 7.40 | Updated Date 04/1/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -4.28 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-03-11 | When Before Market | Estimate -0.8382 | Actual -0.8 |
Profitability
Profit Margin -82.9% | Operating Margin (TTM) -147.75% |
Management Effectiveness
Return on Assets (TTM) -25.62% | Return on Equity (TTM) -88.93% |
Valuation
Trailing PE - | Forward PE 19.46 | Enterprise Value 29683511 | Price to Sales(TTM) 0.64 |
Enterprise Value 29683511 | Price to Sales(TTM) 0.64 | ||
Enterprise Value to Revenue 0.52 | Enterprise Value to EBITDA -0.7 | Shares Outstanding 12853800 | Shares Floating 7578510 |
Shares Outstanding 12853800 | Shares Floating 7578510 | ||
Percent Insiders 38.8 | Percent Institutions 5.41 |
Analyst Ratings
Rating 3.6 | Target Price 7.6 | Buy 1 | Strong Buy 1 |
Buy 1 | Strong Buy 1 | ||
Hold 3 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
FTC Solar Inc
Company Overview
History and Background
FTC Solar, Inc. was founded in 2017 and went public in 2021. The company specializes in providing solar tracker systems, software, and engineering services to solar power projects globally. Its initial focus was on single-axis tracker technology.
Core Business Areas
- Tracker Systems: FTC Solar designs and manufactures single-axis solar tracker systems used to orient solar panels towards the sun for increased energy production.
- Software and Engineering Services: The company offers software solutions for optimizing solar project performance and provides engineering support throughout the project lifecycle.
Leadership and Structure
The leadership team includes Sean Hunkler (CEO). The company operates with a functional organizational structure, encompassing engineering, manufacturing, sales, and marketing departments.
Top Products and Market Share
Key Offerings
- Voyager Single-Axis Tracker: FTC Solar's flagship product is the Voyager single-axis tracker. While specific market share data is dynamic and varies, FTC Solar competes with other tracker manufacturers to obtain new solar projects. Competitors include Array Technologies, Nextracker, and PV Hardware. Revenue from Voyager makes up the bulk of the company's revenue.
- U.S. Voyager+: FTC Solar also offers U.S. Voyager+ single-axis tracker. Specific market share data is dynamic and varies, FTC Solar competes with other tracker manufacturers to obtain new solar projects. Competitors include Array Technologies, Nextracker, and PV Hardware. Revenue from Voyager makes up the bulk of the company's revenue.
Market Dynamics
Industry Overview
The solar energy industry is experiencing rapid growth, driven by increasing demand for renewable energy, declining solar panel costs, and supportive government policies. Tracker systems are becoming increasingly popular for utility-scale solar projects.
Positioning
FTC Solar positions itself as a technology innovator and a provider of reliable and cost-effective tracker solutions. The company aims to differentiate itself through design optimization, software integration, and customer service.
Total Addressable Market (TAM)
The global solar tracker market is projected to reach billions of dollars. FTC Solar is positioned to capture a portion of this TAM through its tracker solutions. Actual numbers are subject to fluctuating market conditions and new information that is subject to change.
Upturn SWOT Analysis
Strengths
- Innovative tracker technology
- Strong engineering capabilities
- Established customer relationships
- Agile and responsive to market changes
Weaknesses
- Relatively small market share compared to larger competitors
- Dependence on specific tracker technology
- Vulnerable to supply chain disruptions
- Financial performance could still be improved to be profitable
Opportunities
- Expanding into new geographic markets
- Developing advanced tracker features
- Partnering with solar panel manufacturers
- Capitalizing on government incentives for renewable energy
Threats
- Competition from larger tracker manufacturers
- Fluctuations in solar panel prices
- Changes in government regulations
- Economic downturns impacting project financing
Competitors and Market Share
Key Competitors
- ARRY
- NXT
Competitive Landscape
FTC Solar faces competition from larger, more established players with greater market share. FTC Solar differentiates itself through its technology.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: FTC Solar's historical growth is tied to the broader adoption of solar trackers in the utility-scale solar market. Growth rates vary depending on project deployments.
Future Projections: Future growth projections depend on analyst estimates and market conditions. Analyst consensus can be accessed from financial data providers. A major factor is how profitable the company can become.
Recent Initiatives: Recent initiatives may include new product launches, partnerships, and expansion into new markets.
Summary
FTC Solar is a relatively young company in a growing market with innovative technology. It faces competition from larger, more established players. While it has a strong emphasis on design and software it is yet to prove its ability to turn a profit and must keep an eye on supply chain issues and the health of the overall economy.
Similar Companies
- ARRY
- NXT
- SEDG
- ENPH
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Industry Reports
- Financial News Providers
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market data is dynamic and subject to change. Actual financial metrics require real-time data feeds.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About FTC Solar Inc
Exchange NASDAQ | Headquaters Austin, TX, United States | ||
IPO Launch date 2021-04-28 | President, CEO & Director Mr. Yann Brandt | ||
Sector Technology | Industry Solar | Full time employees 213 | Website https://ftcsolar.com |
Full time employees 213 | Website https://ftcsolar.com | ||
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.
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