Professional
Added to YB: 2024-08-09
Pitch date: 2024-08-07
FTCI [neutral]
FTC Solar, Inc.
+190.45%
current return
Author Info
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Company Info
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.
Market Cap
$33.1M
Pitch Price
$3.30
Price Target
N/A
Dividend
N/A
EV/EBITDA
-0.65
P/E
-0.67
EV/Sales
0.69
Sector
Electrical Equipment
Category
turnaround
Pernas Research Passes On: FTC Solar, Inc.
FTCI: Solar tracker maker, $47M mkt cap, down 95% since 2021 IPO. Burning $50M/yr, 2 qtrs cash left. New CEO/COO, Chinese tariffs, rising energy demand boost utility solar. Backlog up YoY. Needs margin improvement for turnaround. High risk, high reward if successful.
Read full article (1 min)