Piper Sandler analyst Kashy Harrison maintained a Hold rating on FTC Solar (FTCI – Research Report) today and set a price target of $0.60. The company’s shares closed yesterday at $0.81.
According to TipRanks, Harrison is an analyst with an average return of -16.5% and a 34.98% success rate.
Currently, the analyst consensus on FTC Solar is a Moderate Buy with an average price target of $1.22, which is a 50.65% upside from current levels. In a report released on December 15, Northland Securities also maintained a Hold rating on the stock with a $1.00 price target.
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The company has a one-year high of $3.87 and a one-year low of $0.28. Currently, FTC Solar has an average volume of 2.31M.
Based on the recent corporate insider activity of 114 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FTCI in relation to earlier this year.
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FTC Solar (FTCI) Company Description:
FTC Solar Inc is a global provider of advanced solar tracker systems, supported by proprietary software and value-added engineering services. It focuses on providing differentiated products, software and services that maximize energy generation and cost savings for customers, and to help facilitate the continued growth and adoption of solar power globally.
Read More on FTCI:
- FTC Solar price target raised by 35c at Northland, here’s why
- FTC Solar price target raised to $1 from 65c at Northland
- FTC Solar appoints Anthony Carroll as chairman of Customer Advisory Board
- FTC Solar downgraded to Underperform from Buy at BofA
- FTC Solar downgraded to Market Perform from Outperform at Northland
