FTC Solar (NASDAQ:FTCI) Receives New Coverage from Analysts at Piper Sandler

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.

FTC Solar (NASDAQ:FTCI) last released its earnings results on Monday, June 7th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.03). Research analysts predict that FTC Solar will post -0.03 earnings per share for the current year.

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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Analyst Recommendations for FTC Solar (NASDAQ:FTCI)

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