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FTC Solar Inc FTCI

Morningstar Rating
$0.32 +0.02 (5.74%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

FTCI is trading at a 515% premium.
Price
$0.31
Fair Value
$3.16
Uncertainty
Very High
1-Star Price
$2.25
5-Star Price
$2.50
Economic Moat
Kvzg
Capital Allocation
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News

Trading Information

Previous Close Price
$0.30
Day Range
$0.300.34
52-Week Range
$0.283.87
Bid/Ask
$0.31 / $0.34
Market Cap
$40.41 Mil
Volume/Avg
430,451 / 660,777

Key Statistics

Price/Earnings (Normalized)
Price/Sales
0.37
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield

Company Profile

FTC Solar Inc is a provider of solar tracker systems, supported by proprietary software and value-added engineering services. The company's Solar tracker systems move solar panels throughout the day to maintain an optimal orientation relative to the sun, thereby increasing the amount of solar energy produced at a solar installation. It focuses on providing differentiated products, software, and services that maximize energy generation. The company has launched a new mounting solution to support the installation and use of U.S. manufactured thin-film modules by project owners. The only segment the company is engaged in is the Manufacturing and Servicing of Solar tracker systems.
Sector
Technology
Industry
Solar
Stock Style Box
Small Value
Total Number of Employees
213

Comparables

Valuation

Metric
FTCI
NXT
TYGO
Price/Earnings (Normalized)
15.49
Price/Book Value
0.696.941.73
Price/Sales
0.372.790.65
Price/Cash Flow
13.37
Price/Earnings
FTCI
NXT
TYGO

Financial Strength

Metric
FTCI
NXT
TYGO
Quick Ratio
1.471.412.00
Current Ratio
1.841.986.24
Interest Coverage
−143.3544.99−1.12
Quick Ratio
FTCI
NXT
TYGO

Profitability

Metric
FTCI
NXT
TYGO
Return on Assets (Normalized)
−29.02%23.21%−17.95%
Return on Equity (Normalized)
−55.66%−46.22%
Return on Invested Capital (Normalized)
−53.55%55.22%−22.05%
Return on Assets
FTCI
NXT
TYGO
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Solar Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
First Solar Inc
FSLR
CwrbvwmnZvgf$24.7 Bil
Enphase Energy Inc
ENPH
DjvpgxbqWvql$13.5 Bil
NEXTracker Inc Ordinary Shares - Class A
NXT
BbpjjfmDykk$6.9 Bil
Xinyi Solar Holdings Ltd ADR
XISHY
Gggss$4.2 Bil
Xinyi Solar Holdings Ltd
XNYIF
Mxt$4.2 Bil
GCL Technology Holdings Ltd
GCPEF
Qpyr$3.8 Bil
Sunrun Inc
RUN
MhhvjbhqjNxnx$2.7 Bil
Array Technologies Inc Ordinary Shares
ARRY
Krjwr$1.5 Bil
SolarEdge Technologies Inc
SEDG
DhcwsgtswMyrlg$1.4 Bil
Shoals Technologies Group Inc Ordinary Shares - Class A
SHLS
CkqbnnsrScpvh$1.0 Bil

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