Piper Sandler assumed coverage on shares of FTC Solar (NASDAQ:FTCI) in a research note published on Thursday morning, PriceTargets.com reports. The firm issued an overweight rating and a $15.00 price target on the stock.
Several other analysts also recently issued reports on the stock. UBS Group initiated coverage on shares of FTC Solar in a research note on Monday, May 24th. They set a buy rating and a $13.00 target price on the stock. Raymond James initiated coverage on FTC Solar in a research report on Monday, May 24th. They set a strong-buy rating and a $13.00 price target on the stock. Credit Suisse Group initiated coverage on FTC Solar in a research report on Monday, May 24th. They set an outperform rating and a $23.00 price objective for the company. Bank of America cut FTC Solar from a buy rating to a neutral rating and lowered their target price for the company from $12.00 to $11.50 in a research note on Wednesday. Finally, Roth Capital assumed coverage on shares of FTC Solar in a research report on Monday, May 24th. They issued a buy rating and a $15.00 price target for the company. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. FTC Solar has a consensus rating of Buy and an average price target of $14.31.
Shares of FTC Solar stock opened at $11.01 on Thursday. FTC Solar has a 12-month low of $7.79 and a 12-month high of $15.46.
About FTC Solar
FTC Solar, Inc provides solar tracker systems, and software and engineering services in the United States and internationally. The company markets its two-panel in-portrait single-axis tracker systems under the Voyager brand name. Its software solutions include SunPath, a solution to enhance energy production; SunDAT, an online 3D solar PV design solution; and Atlas, a solar portfolio management solution.
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