Added to YB: 2024-09-20
Pitch date: 2024-09-18
FTCI [bullish]
FTC Solar, Inc.
+60.96%
current return
Author Info
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Company Info
FTC Solar, Inc. engages in the manufacture and service of solar tracker systems in the United States, Asia, Europe, the Middle East, North Africa, South Africa, and Australia.
Market Cap
$141.8M
Pitch Price
$5.20
Price Target
2.00 (-76%)
Dividend
N/A
EV/EBITDA
-3.52
P/E
-2.30
EV/Sales
1.69
Sector
Electrical Equipment
Category
turnaround
Show full summary:
Investing in Clean Energy Makes Me Feel Dirty: FTC Solar $FTCI
FTCI: Solar tracker co. w/ $505M contracted backlog, $1.3B non-contracted. New CEO Brandt, industry expert w/ history of turnarounds & sales. Breakeven expected 2025 at $60M quarterly rev. Insider buying. Potential 20x in 2-3yrs if sold at 2x $500M rev. Risks: dilution, delays, small size.
Read full article (6 min)