Added to YB: 2024-09-17
Pitch date: 2024-09-17
FTCI [bullish]
FTC Solar, Inc.
+80.85%
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
$5.30
Price Target
1.90 (-80%)
Dividend
N/A
EV/EBITDA
-0.65
P/E
-0.67
EV/Sales
0.69
Sector
Electrical Equipment
Category
growth
FTCI: Strong Backlog, No Debt, and a Path to EBITDA Breakeven by 2025
FTCI: Insiders buying, new CEO w/ upside-aligned comp. Backlog >10x mkt cap + new multi-year deal 11-22% of historical volume. Guide to EBITDA breakeven 2025 on $240M rev vs $45M run-rate. At $0.42, 1x run-rate sales, 0.2x 2025 sales. $1.90 PT (400% upside). No debt, backlog protects downside. Risks: poor track record, cash concerns.
Read full article (2 min)