Added to YB: 2024-10-24
Pitch date: 2024-10-23
FTCI [bullish]
FTC Solar, Inc.
+45.23%
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
$6.60
Price Target
N/A
Dividend
N/A
EV/EBITDA
-0.65
P/E
-0.67
EV/Sales
0.69
Sector
Electrical Equipment
Category
value
FTC Solar's Growing Contract Backlog Sparks Insider Confidence
FTCI: 1GW 1P tracker contract announced, 1.5GW in 6 weeks (1/3 of total 4.5GW since 2017). Up 13% pre-market, <1/5 of contracted backlog. Cheap at <1x 2025 sales if contracts convert. Insider buying explained. Big move could avoid reverse split. Risky but potential upside.
Read full article (1 min)