FTCI

Company Overview — What Does FTC Solar, Inc. Do?

FTC Solar, Inc. provides solar tracker systems, technology, software, and engineering services in the United States, Vietnam, and internationally. It offers two-panel in-portrait single-axis tracker solutions under the Voyager brand name. The company also provides SunPath, a software solution to enhance energy production; Atlas, a web-based enterprise-level database that allows users to manage their project portfolio; and SunDAT, a software solution enables automated design and optimization of solar panel systems across residential, commercial, and utility-scale sites. Its customers include project developers; solar asset owners; and engineering, procurement, and construction contractors that design and build solar energy projects. FTC Solar, Inc. was incorporated in 2017 and is headquartered in Austin, Texas. FTC Solar, Inc. (FTCI) is classified as a micro-cap stock in the Technology sector, specifically within the Electronic Equipment industry. The company is led by CEO Sean Hunkler and employs approximately 220 people. With a market capitalization of $59M, FTCI is one of the notable companies in the Technology sector.

FTC Solar, Inc. (FTCI) Stock Rating — Avoid (April 2026)

As of April 2026, FTC Solar, Inc. receives a Avoid rating with a composite score of 25.4/100 and 1 out of 5 stars from the Blank Capital Research quantitative model.FTCI ranks #4,233 out of 4,446 stocks in our coverage universe. Within the Technology sector, FTC Solar, Inc. ranks #552 of 584 stocks, placing it in the lower half of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

FTCI Stock Price and 52-Week Range

FTC Solar, Inc. (FTCI) currently trades at $3.54. The stock lost $0.03 (0.8%) in the most recent trading session. The 52-week high for FTCI is $12.75, which means the stock is currently trading -72.2% from its annual peak. The 52-week low is $2.13, putting the stock 66.2% above its annual trough. Recent trading volume was 250K shares, suggesting relatively thin trading activity.

Is FTCI Overvalued or Undervalued? — Valuation Analysis

FTC Solar, Inc. (FTCI) carries a value factor score of 13/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-sales ratio is 0.75x, compared to 1.06x for the average Technology stock.

At current multiples, FTC Solar, Inc. trades at a premium to most Technology peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

FTC Solar, Inc. Profitability — ROE, Margins, and Quality Score

FTC Solar, Inc. (FTCI) earns a quality factor score of 16/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -664.7%, compared to the Technology sector average of -1.4%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -52.4% versus the sector average of -1.0%.

On a margin basis, FTC Solar, Inc. reports gross margins of -18.1%, compared to 50.9% for the sector. The operating margin is -71.4% (sector: -0.5%). Net profit margin stands at -84.8%, versus -1.5% for the average Technology stock. Revenue growth is running at 127.7% on a trailing basis, compared to 14.2% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

FTCI Debt, Balance Sheet, and Financial Health

FTC Solar, Inc. has a debt-to-equity ratio of -121.0%, compared to the Technology sector average of 43.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 1.43x, suggesting adequate working capital coverage. Total debt on the balance sheet is $10M. Cash and equivalents stand at $24M.

FTCI has a beta of 2.11, meaning it is more volatile than the broader market — a $10,000 investment in FTCI would be expected to move 111.3% more than the S&P 500 on any given day. The stability factor score for FTC Solar, Inc. is 14/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

FTC Solar, Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, FTC Solar, Inc. reported revenue of $77M and earnings per share (EPS) of $-5.68. Net income for the quarter was $-59M. Gross margin was -18.1%. Operating income came in at $-45M.

In FY 2025, FTC Solar, Inc. reported revenue of $100M and earnings per share (EPS) of $-5.68. Net income for the quarter was $-80M. Gross margin was -0.9%. Revenue grew 110.5% year-over-year compared to FY 2024. Operating income came in at $-35M.

In Q3 2025, FTC Solar, Inc. reported revenue of $26M and earnings per share (EPS) of $-1.61. Net income for the quarter was $-24M. Gross margin was 6.1%. Revenue grew 156.8% year-over-year compared to Q3 2024. Operating income came in at $-8M.

In Q2 2025, FTC Solar, Inc. reported revenue of $20M and earnings per share (EPS) of $-1.18. Net income for the quarter was $-15M. Gross margin was -19.6%. Revenue grew 74.9% year-over-year compared to Q2 2024. Operating income came in at $-11M.

Over the past 8 quarters, FTC Solar, Inc. has demonstrated a growth trajectory, with revenue expanding from $11M to $77M. Investors analyzing FTCI stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

FTCI Dividend Yield and Income Analysis

FTC Solar, Inc. (FTCI) does not currently pay a dividend. This is common among smaller companies in the Electronic Equipment industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.

FTCI Momentum and Technical Analysis Profile

FTC Solar, Inc. (FTCI) has a momentum factor score of 45/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 21/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 39/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

FTCI vs Competitors — Technology Sector Ranking and Peer Comparison

Within the Technology sector, FTC Solar, Inc. (FTCI) ranks #552 out of 584 stocks based on the Blank Capital composite score. This places FTCI in the lower half of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.

Comparing FTCI against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full FTCI vs S&P 500 (SPY) comparison to assess how FTC Solar, Inc. stacks up against the broader market across all factor dimensions.

FTCI Next Earnings Date

No upcoming earnings date has been announced for FTC Solar, Inc. (FTCI) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy FTCI? — Investment Thesis Summary

The quantitative profile for FTC Solar, Inc. suggests caution. The quality score of 16/100 flags below-average profitability. The value score of 13/100 indicates premium valuation. High volatility (stability score 14/100) increases portfolio risk.

In summary, FTC Solar, Inc. (FTCI) earns a Avoid rating with a composite score of 25.4/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on FTCI stock.

Related Resources for FTCI Investors

Explore more research and tools: FTCI vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare FTCI head-to-head with peers: FTCI vs IHS, FTCI vs VRSN, FTCI vs ESE.